The observation mini remotely operated vehicles (ROV) is an inspection class vehicle equipped with a forward-looking high-resolution color zoom video camera. Observation ROVs include mini- and micro- unmanned vehicles with power less than 10 HP, which are used in underwater inspection, surveillance and monitoring. The evolution of ROV technology has resulted in the ever-growing application of observation mini ROVs in oil & gas industry, military/defense, scientific research and other sectors. GMD predicts the North America observation mini ROVs market to reach $249.2 million by 2026 in terms of CAPEX (Capital Expenditure), growing by 8.7% annually over 2019-2026.
Highlighted with 10 tables and 31 figures, this 86-page report "North America Observation Mini ROVs Market 2018-2026 by Application, Size, Payload Option and Country" is based on a comprehensive research of the entire North America observation mini ROVs market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2015-2018, revenue estimates for 2019, and forecasts from 2020 till 2026. (Please note: The report will be updated before delivery if necessary, so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter's Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify North America observation mini ROVs market in every aspect of the classification from perspectives of Application, Size, Payload Option, and Country.
Based on application, the North America market is segmented into the following sub-markets with annual capex for 2015-2026 (historical and forecast) included in each section.
• Oil & Gas Industry
• Scientific Research
• Military & Defense
• Others
Based on vehicle size, the North America market is segmented into the following sub-markets with annual capex for 2015-2026 (historical and forecast) included in each segment.
• Micro Observation ROVs
• Mini Observation ROVs
Based on payload option, the North America market is analyzed on the following segments with annual capex for 2015-2026 (historical and forecast) included in each section.
• Observation Mini ROVs without Payloads
• Observation Mini ROVs with Payloads
Geographically, the following national markets are fully investigated:
• U.S.
• Canada
For each of the aforementioned countries, detailed analysis and data for annual revenue are available for 2015-2026. The breakdown of key national markets by Vehicle Size and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America observation mini ROVs market are assayed quantitatively and qualitatively through GMD's Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
AC-CESS
CISCREA
Deep Ocean Engineering, Inc.
Deep Sea Systems International
Deep Trekker Inc
Helix Energy Solutions
Hydrovision Ltd.
International Submarine Engineering (ISE) Ltd.
MarineNav Ltd.
Ocean Modules Sweden
Outland Technology, Inc.
SeaBotix, Inc.
Subsea Tech
VideoRay LLC
(Please note: The report will be updated before delivery if necessary, so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)
Table of Contents
1 Introduction 5
1.1 Industry Definition and Research Scope 5
1.1.1 Industry Definition 5
1.1.2 Research Scope 6
1.2 Research Methodology 7
1.2.1 Overview of Market Research Methodology 7
1.2.2 Market Assumption 8
1.2.3 Secondary Data 8
1.2.4 Primary Data 8
1.2.5 Data Filtration and Model Design 9
1.2.6 Market Size/Share Estimation 10
1.2.7 Research Limitations 11
1.3 Executive Summary 12
2 Market Overview and Qualitative Analysis 14
2.1 Market Size and Forecast 14
2.2 Major Growth Drivers 16
2.3 Market Restraints and Challenges 19
2.4 Emerging Opportunities and Market Trends 22
2.5 Porter's Fiver Forces Analysis 25
3 Analysis of North America Market by Application 29
3.1 Market Overview by Application 29
3.2 Observation Mini ROVs for Oil & Gas Industry: North America Market 2015-2026 31
3.3 Observation Mini ROVs for Military & Defense: North America Market 2015-2026 34
3.4 Observation Mini ROVs for Scientific Research: North America Market 2015-2026 36
3.5 Observation Mini ROVs for Other Applications: North America Market 2015-2026 38
4 Analysis of North America Market by ROV Size 40
4.1 Market Overview by ROV Size 40
4.2 North America Micro Observation ROVs Market 2015-2026 43
4.3 North America Mini Observation ROVs Market 2015-2026 44
5 Analysis of North America Market by Payload Option 45
5.1 Market Overview by Payload Option 45
5.2 Observation Mini ROVs without Payloads 47
5.3 Observation Mini ROVs with Payloads 49
6 North America Market 2015-2026 51
6.1 Overview of North America Market 51
6.2 U.S. Market 54
6.3 Canadian Market 56
7 Competitive Landscape 58
7.1 Overview of North America Vendors 58
7.2 Company Profiles 61
8 Investing in North America Market: Risk Assessment and Management 80
8.1 Risk Evaluation of North America Market 80
8.2 Critical Success Factors (CSFs) 83
RELATED REPORTS AND PRODUCTS 86
List of Tables:
Table 1. Snapshot of North America Observation Mini ROVs Market, 2018-2026 13
Table 2. Main Product Trends and Market Opportunities in North America Observation Mini ROVs Market 22
Table 3. Comparison of Micro and Mini Observation ROVs 41
Table 4. U.S. Observation Mini ROVs Market by Application, 2018-2026, $ mn 55
Table 5. U.S. Observation Mini ROVs Market by Vehicle Size, 2018-2026, $ mn 55
Table 6. Canada Observation Mini ROVs Market by Application, 2018-2026, $ mn 57
Table 7. Canada Observation Mini ROVs Market by Vehicle Size, 2018-2026, $ mn 57
Table 8. Specification Comparison of Ocean Modules Sweden's Main Products 73
Table 9. Risk Evaluation for Investing in North America Market, 2018-2026 81
Table 10. Critical Success Factors and Key Takeaways 84
List of Figures:
Figure 1. Research Method Flow Chart 7
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 10
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2026 12
Figure 4. North America Observation Mini ROVs Market by Capex, 2015-2026, $ mn 14
Figure 5. Primary Drivers and Impact Factors of North America Observation Mini ROVs Market 16
Figure 6. Primary Restraints and Impact Factors of North America Observation Mini ROVs Market 19
Figure 7. Porter's Fiver Forces Analysis of North America Observation Mini ROVs Market 25
Figure 8. Breakdown of North America Observation Mini ROVs Market by Application, 2018-2026, % of Capex 30
Figure 9. 2015-2026 Capex Growth Rates of North America Sub-markets by Application 30
Figure 10. North America Market of Observation Mini ROVs for Oil & Gas Industry by Capex, 2015-2026, $ mn 32
Figure 11. Global Population, GDP and Energy Demand, 1990-2030 32
Figure 12. Global Oil & Gas Offshore and Deepwater Production, 1970-2020 33
Figure 13. North America Market of Observation Mini ROVs for Military & Defense by Capex, 2015-2026, $ mn 35
Figure 14. North America Market of Observation Mini ROVs for Scientific Research by Capex, 2015-2026, $ mn 37
Figure 15. North America Market of Observation Mini ROVs for Other Applications by Capex, 2015-2026, $ mn 39
Figure 16. Example Picture of Observation ROVs 41
Figure 17. Breakdown of North America Observation Mini ROVs Market by ROV Size, 2018-2026, % of Capex 42
Figure 18. 2015-2026 Capex Growth Rates of North America Sub-markets by ROV Size 42
Figure 19. North America Market of Micro Observation ROVs, 2015-2026, $ mn 43
Figure 20. North America Market of Mini Observation ROVs, 2015-2026, $ mn 44
Figure 21. Breakdown of North America Observation Mini ROVs Market by Payload Option, 2018-2026, % of Capex 46
Figure 22. 2015-2026 Capex Growth Rates of North America Sub-markets by Payload Option 46
Figure 23. North America Market of Observation Mini ROVs without Payloads, 2015-2026, $ mn 47
Figure 24. Summary of Observation ROVs 48
Figure 25. North America Market of Observation Mini ROVs with Payloads, 2015-2026, $ mn 50
Figure 26. Summary of Observation ROVs with Payload Option 50
Figure 27. Breakdown of North America Observation Mini ROVs Market by Country, 2018 and 2026, % of Capex 53
Figure 28. 2015-2026 Capex Growth Rates of National Markets in North America 53
Figure 29. U.S. Observation Mini ROVs Market by Capex, 2015-2026, $ mn 54
Figure 30. Canada Observation Mini ROVs Market by Capex, 2015-2026, $ mn 56
Figure 31. Growth Stage of North America Observation Mini ROV Industry over the Forecast Period 58
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