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Remote Operated Vehicle Market Share
Oceaneering, Saab Seaeye, Deep Trekker, VideoRay, Total Marine Technology, TechnipFMC, and Forum Energy Technologies collectively held a significant market share of 53% in the remote operated vehicle industry in 2024. Oceaneering International is a leader in underwater services, specializing in ROVs for the oil and gas industry. The company leverages advanced technologies for inspection, maintenance, and construction tasks. Oceaneering's strong focus on innovation and research has positioned it to meet the evolving needs of its clients, providing reliable and efficient solutions. Their extensive fleet and global presence enable them to support a wide range of subsea projects effectively.
Saab Seaeye Ltd is renowned for its high-performance ROV systems designed for diverse underwater applications. The company emphasizes versatility, with models tailored for tasks ranging from inspection to deep-sea exploration. Saab Seaeye’s commitment to innovation is reflected in their use of advanced technologies, such as intelligent controls and modular designs. This approach enhances operational efficiency and adaptability, allowing clients to tackle complex underwater challenges effectively.
Remote Operated Vehicle Market Companies
Major players operating in the remote operated vehicle industry are:
- Oceaneering
- Saab Seaeye
- Deep Trekker
- VideoRay
- Total Marine Technology
- TechnipFMC
- Forum Energy Technologies
- SEAMOR
- Subsea 7
- DOF Subsea
How big is the remote operated vehicle market?
The market size of remote operated vehicle reached USD 1.8 billion in 2024 and is set to grow at a 7.3% CAGR from 2025 to 2034, driven by the increasing adoption of automation across industries.
What is the market share of the oil & energy segment in the remote operated vehicle industry?
The oil & energy segment held a 35% market share in 2024, as ROVs are critical for the installation, inspection, and maintenance of subsea infrastructure in the offshore oil and gas sector.
How much is the U.S. remote operated vehicle market worth?
The U.S. market accounted for 72% of the revenue share in 2024, led by the offshore oil and gas industrys demand for subsea equipment and the growing offshore wind energy sector.
Who are the major players in the remote operated vehicle industry?
The key players in the industry include Oceaneering, Saab Seaeye, Deep Trekker, VideoRay, Total Marine Technology, TechnipFMC, Forum Energy Technologies, SEAMOR, Subsea 7, and DOF Subsea.