Middle-East and Africa AUV & ROV Market Size (2024 - 2029)

The Middle East and Africa AUV and ROV market is anticipated to experience growth driven by rising oil and gas production and decommissioning activities in several countries within the region. Despite challenges posed by a decline in offshore rigs and activities in the Persian Gulf Basin, the market is expected to benefit from new opportunities arising from deepwater and ultra-deepwater discoveries and shale gas explorations. Saudi Arabia is projected to lead the market due to its increasing oil and gas activities.

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Market Size of Middle-East and Africa AUV & ROV Industry

Middle-East and Africa AUV & ROV Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 4.60 %
Market Concentration Medium

Major Players

Middle-East and Africa AUV & ROV Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA AUV & ROV Market Analysis

The Middle East & Africa AUV and ROV market is expected to register a CAGR of 4.6 % during the forecast period.

The COVID-19 pandemic negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.

  • Rising oil and gas production activities, along with increasing oil and gas decommissioning activities in various Middle Eastern and African countries, such as Saudi Arabia, United Arab Emirates, Oman, Ghana, and Ivory Coast, are expected to drive the market during the forecast period.
  • On the other hand, the declining number of offshore rigs and offshore oil and gas activities in the Persian Gulf Basin is expected to restrain the market.
  • Nevertheless, the ongoing deepwater and ultra-deepwater oil and gas discoveries and shale gas explorations are expected to create enormous opportunities for the Middle East and Africa AUV and ROV market during the forecast period.
  • Due to increasing oil and gas activities across the country, Saudi Arabia is expected to dominate the market during the forecast period.

MEA AUV & ROV Industry Segmentation

AUVs and ROVs are autonomous underwater vehicles and remotely operated underwater vehicles, respectively. AUVs are particularly deployed in underwater survey missions, such as detecting and mapping submerged wrecks and rocks. ROVs are unoccupied underwater robots connected to a ship by cables.

The Middle East and Africa AUV & ROV Market is Segmented by Vehicle Type (ROV and AUV), End-user Application (Oil and Gas, Defense, Research, and Other End-user Applications), and Geography (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle East and Africa). The report offers the market size and forecasts for the Middle East and Africa AUV & ROV Market in USD billion for all the above segments.

By Vehicle Type
ROV
AUV
End-user Application
Oil and Gas
Defense
Research
Other End-user Applications
By Geography
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Middle-East and Africa AUV & ROV Market Size Summary

The Middle East and Africa AUV and ROV market is poised for growth, driven by increased oil and gas production and decommissioning activities across several countries, including Saudi Arabia, the United Arab Emirates, and Ghana. Despite challenges such as the decline in offshore rigs in the Persian Gulf Basin, the market is expected to benefit from deepwater and ultra-deepwater discoveries, as well as shale gas explorations. Saudi Arabia, with its significant oil and gas activities, is anticipated to lead the market. The region's offshore reserves, particularly in countries like Kuwait, Iran, and Nigeria, remain underdeveloped, presenting opportunities for exploration and production, which are crucial for the deployment of AUV and ROV technologies.

The oil and gas sector is expected to dominate the Middle East and Africa AUV and ROV market, supported by ongoing projects and collaborations. Saudi Arabia's investment in ROV and AUV services for subsea asset maintenance and data collection is notable, with major expansion projects like the Berri and Marjan fields driving demand. The affordability of these technologies has made them attractive alternatives to traditional methods, reducing operational costs. Key players in the moderately fragmented market include DOF Subsea AS, Fugro NV, and Oceaneering International Inc. Collaborative efforts, such as those between King Abdullah University of Science and Technology and Ocean Aero, further underscore the region's commitment to advancing AUV and ROV capabilities.

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Middle-East and Africa AUV & ROV Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

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

    3. 1.3 Government Policies And Regulations

    4. 1.4 Recent Trends And Developments

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes Products and Services

      5. 1.6.5 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 End-user Application

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Defense

      3. 2.2.3 Research

      4. 2.2.4 Other End-user Applications

    3. 2.3 By Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 United Arab Emirates

      3. 2.3.3 South Africa

      4. 2.3.4 Rest of Middle East and Africa

Middle-East and Africa AUV & ROV Market Size FAQs

The Middle-East and Africa AUV & ROV Market is projected to register a CAGR of greater than 4.60% during the forecast period (2024-2029)

DOF Subsea AS, Fugro NV, Subsea 7 SA, Saipem SpA and Oceaneering International Inc are the major companies operating in the Middle-East and Africa AUV & ROV Market.

Middle-East and Africa AUV & ROV Report Snapshots

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