Europe AUV and ROV Market Size (2024 - 2029)

The European AUV and ROV market size is experiencing growth driven by increasing offshore oil and gas discoveries and the expansion of offshore wind energy installations. Despite the negative impact of COVID-19 in 2020, the market has rebounded to pre-pandemic levels. However, environmental concerns and bans on offshore fossil fuel exploration in Europe pose challenges to market expansion. Technological advancements are anticipated to offer significant opportunities, particularly in the United Kingdom, where upstream activities are highly developed and automated.

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Market Size of Europe AUV and ROV Industry

Europe AUV and ROV Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 6.37 %
Market Concentration Medium

Major Players

Europe AUV and ROV Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe AUV & ROV Market Analysis

The European AUV and ROV market size was estimated at USD 343.22 million by the end of this year. It is projected to register a CAGR of about 6.37% during the forecast period.

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

  • The major driving factors of the market are increasing offshore oil and gas discoveries and growing offshore wind energy installations.
  • On the flip side, escalating environmental damages due to the increasing use of fossil fuels have led to a ban on offshore exploration of oil and gas in the European 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 European region soon.
  • During the forecast period, the United Kingdom is expected to witness significant growth in the market studied, as the country's upstream activities are highly developed and automated. 

Europe AUV & ROV Industry Segmentation

Remotely-operated underwater vehicles (ROVs) are robots that complete tasks underwater on behalf of a crew located 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 European 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 (United Kingdom, Norway, Denmark, and Rest of Europe). The report also covers the market size and forecasts for the AUV and ROV market across major countries in the European 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 Types
By Activity
Drilling and Development
Construction
Inspection, Repair, and Maintenance
Decommisioning
Other Activity Types
By Geography
United Kingdom
Norway
Denmark
Rest of Europe
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Europe AUV and ROV Market Size Summary

The European AUV and ROV market is experiencing a resurgence, having recovered to pre-pandemic levels after the setbacks caused by COVID-19. The market is driven by increasing offshore oil and gas discoveries and the expansion of offshore wind energy installations. However, environmental concerns and bans on fossil fuel exploration in certain areas are expected to temper growth. Despite these challenges, technological advancements in AUV and ROV systems are anticipated to offer significant opportunities. The United Kingdom is poised for notable growth due to its advanced and automated upstream activities, which are expected to bolster demand for these technologies.

ROVs, with their ability to operate at extreme depths and perform complex tasks, are integral to various sectors, including oil and gas, offshore energy, and marine infrastructure. The demand for ROV services is expected to rise, particularly in the Mediterranean region, where LNG infrastructure and trans-Mediterranean pipelines are critical to energy security. The need for inspection services is further amplified by the increased LNG imports and the shift away from Russian energy sources. In the North Sea, the United Kingdom is likely to see heightened exploration and decommissioning activities, driving demand for AUV and ROV services. The market is moderately consolidated, with key players like DOF Subsea AS and TechnipFMC PLC actively participating in projects that leverage these technologies.

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Europe 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 Types

    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 Types

    5. 2.5 By Geography

      1. 2.5.1 United Kingdom

      2. 2.5.2 Norway

      3. 2.5.3 Denmark

      4. 2.5.4 Rest of Europe

Europe AUV and ROV Market Size FAQs

The Europe AUV and ROV Market is projected to register a CAGR of 6.37% 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 Europe AUV and ROV Market.

Europe AUV and ROV Report Snapshots

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