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Global Observation Mini ROV Market Growth 2023-2029

Global Observation Mini ROV Market Growth 2023-2029

Product Code:448950

Published Date: Feb 08,2023

Pages: 116

Region: Global

Category: Machinery & Equipment

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Modern ROV systems can be categorized by size, depth capability, onboard horsepower, and whether they are all-electric or electro-hydraulic. 
Micro - typically Micro class ROVs are very small in size and weight. Today’s Micro Class ROVs can weigh less than 3 kg. These ROVs are used as an alternative to a diver, specifically in places where a diver might not be able to physically enter such as a sewer, pipeline or small cavity.

Mini - typically Mini Class ROVs weigh in around 15 kg. Mini Class ROVs are also used as a diver alternative. One person may be able to transport the complete ROV system out with them on a small boat, deploy it and complete the job without outside help. Occasionally both Micro and Mini classes are referred to as "eyeball" class to differentiate them from ROVs that may be able to perform intervention tasks.

This report covers both micro and mini Observation ROV.

LPI (LP Information)' newest research report, the “Observation Mini ROV Industry Forecast” looks at past sales and reviews total world Observation Mini ROV sales in 2022, providing a comprehensive analysis by region and market sector of projected Observation Mini ROV sales for 2023 through 2029. With Observation Mini ROV sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Observation Mini ROV industry.

This Insight Report provides a comprehensive analysis of the global Observation Mini ROV landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Observation Mini ROV portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Observation Mini ROV market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Observation Mini ROV and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Observation Mini ROV.

The global Observation Mini ROV market size is projected to grow from US$ 76 million in 2022 to US$ 137.9 million in 2029; it is expected to grow at a CAGR of 137.9 from 2023 to 2029.

The major players in global Observation Mini ROV market include VideoRay, Teledyne, AC-CESS, etc. The top 3 players occupy about 30% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Micro Observation ROV is the main type, with a share about 60%. Aquaculture is the main application, which holds a share about 35%.

This report presents a comprehensive overview, market shares, and growth opportunities of Observation Mini ROV market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Micro Observation ROV
    Mini Observation ROV

Segmentation by application
    Aquaculture
    Dams and Ships Inspection
    Defence
    Scientific and Research
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    VideoRay
    Teledyne SeaBotix
    AC-CESS
    Deep Trekker
    SEAMOR Marine
    Blueye Robotics
    MarineNav
    Outland Technology
    ROBOSEA
    Deepinfar
    Shenzhen Vxfly
    Gnom ROV
    Blue Robotics
    Subsea Tech
    JW Fishers
    Nido Robotics

Key Questions Addressed in this Report
What is the 10-year outlook for the global Observation Mini ROV market?
What factors are driving Observation Mini ROV market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Observation Mini ROV market opportunities vary by end market size?
How does Observation Mini ROV break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?