Asia-Pacific AUV and ROV Market Size (2024 - 2029)

The Asia-Pacific AUV and ROV market size is experiencing growth driven by increased offshore oil and gas exploration and the expansion of offshore wind energy installations. Despite the negative impact of COVID-19, the market has rebounded to pre-pandemic levels. However, environmental concerns have led to restrictions on fossil fuel exploration, which may hinder market growth. Technological advancements present significant opportunities, with China expected to lead the market due to its substantial investments in defense and AUV/ROV research and development.

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Market Size of Asia-Pacific AUV and ROV Industry

Asia-Pacific AUV and ROV Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 5.65 %
Market Concentration Medium

Major Players

Asia-Pacific AUV and ROV Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC AUV & ROV Market Analysis

The Asia-Pacific AUV and ROV market size was estimated at USD 257.88 million by the end of this year. It is projected to register at a CAGR of about 5.65% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently, the market has reached the pre-pandemic level.

  • Over the long term, the major driving factors of the market are increasing offshore oil and gas exploration activities along with growing offshore wind energy installations.
  • On the flip side, increasing environmental damage due to the increasing use of fossil fuels has led to the banning of offshore oil and gas exploration in the Asia-Pacific region. This is expected to slow down the market during the forecast period.
  • Nevertheless, technological advancements in the AUV and ROV market are expected to create enormous opportunities for the Asia-Pacific region soon.
  • China is expected to dominate the market during the forecast period, as it has heavily invested in its defense sector and the R&D of AUVs and ROVs.

APAC AUV & ROV Industry Segmentation

Remotely-operated underwater vehicles (ROVs) are robots that complete functions underwater on behalf of a crew present on the surface, with whom the ROV is tethered. An automated underwater vehicle (AUV) is a self-propelled, unmanned underwater vehicle capable of carrying out simple activities with little or no human supervision. AUVs are robotic vehicles pre-programmed with operation parameters and then deployed into the ocean or seafloor. An AUV operates individually without cable connections, whereas an ROV is connected to an operator, usually in the ship from which it is deployed. 

The Asia-Pacific AUV and ROV Market is Segmented by Vehicle Type (ROV and AUV), Vehicle Class (Work Class Vehicle and Observatory Class Vehicle), Application (Oil and Gas, Defense, and Other Application Types), Activity (Drilling and Development, Construction, Inspection, Repair, and Maintenance, Decommissioning, and Other Activity Types), and Geography (China, India, Japan, and Rest of Asia-Pacific). The report also covers the market size and forecasts for the AUV and ROV market across major countries in the Asia-Pacific region. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

By Vehicle Type
ROV
AUV
By Vehicle Class
Work Class Vehicle
Observatory Class Vehicle
By Application
Oil and Gas
Defense
Other Application Type
By Activity
Drilling and Development
Construction
Inspection, Repair, and Maintenance
Decommisioning
Other Activity Type
By Geography
China
India
Japan
Rest of Asia-Pacific
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Asia-Pacific AUV and ROV Market Size Summary

The Asia-Pacific AUV and ROV market is poised for growth, driven by increasing offshore oil and gas exploration activities and the expansion of offshore wind energy installations. Despite the challenges posed by environmental concerns leading to bans on fossil fuel exploration in the region, technological advancements in AUV and ROV systems are expected to create significant opportunities. China is anticipated to lead the market, bolstered by substantial investments in defense and research and development of these technologies. The market has rebounded to pre-pandemic levels, with a steady growth trajectory projected over the coming years.

ROVs, in particular, are gaining traction due to their ability to operate in extreme depths and harsh conditions, making them invaluable for various applications such as underwater inspections, maintenance, and support for oil and gas operations. The demand for ROVs is expected to rise, supported by ongoing activities in the oil and gas sector and the need for advanced technology to monitor and maintain offshore infrastructure. China's strategic investments in sub-sea exploration and defense capabilities further underscore the region's growing reliance on AUV and ROV technologies. The market is moderately consolidated, with key players like DOF Subsea AS and Helix Energy Solutions Group Inc. actively participating in regional projects.

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Asia-Pacific AUV and ROV Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size And Demand Forecast In USD Million, Till 2027

    3. 1.3 Recent Trends And Developments

    4. 1.4 Government Policies And Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Vehicle Type

      1. 2.1.1 ROV

      2. 2.1.2 AUV

    2. 2.2 By Vehicle Class

      1. 2.2.1 Work Class Vehicle

      2. 2.2.2 Observatory Class Vehicle

    3. 2.3 By Application

      1. 2.3.1 Oil and Gas

      2. 2.3.2 Defense

      3. 2.3.3 Other Application Type

    4. 2.4 By Activity

      1. 2.4.1 Drilling and Development

      2. 2.4.2 Construction

      3. 2.4.3 Inspection, Repair, and Maintenance

      4. 2.4.4 Decommisioning

      5. 2.4.5 Other Activity Type

    5. 2.5 By Geography

      1. 2.5.1 China

      2. 2.5.2 India

      3. 2.5.3 Japan

      4. 2.5.4 Rest of Asia-Pacific

Asia-Pacific AUV and ROV Market Size FAQs

The Asia-Pacific AUV and ROV Market is projected to register a CAGR of greater than 5.65% during the forecast period (2024-2029)

DOF Subsea AS, Helix Energy Solutions Group Inc., TechnipFMC PLC, Bourbon Offshore and Subsea 7 SA are the major companies operating in the Asia-Pacific AUV and ROV Market.

Asia-Pacific AUV and ROV Report Snapshots

Asia-Pacific AUV and ROV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)