Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 615 Million

CAGR (2024-2029)

20.8%

Fastest Growing Segment

Light Weight Vehicle

Largest Market

North America

 

Market Overview

Global AUV for Offshore Oil and Gas IRM Market was valued at USD 615 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 20.8% through 2029. The Global Autonomous Underwater Vehicle (AUV) for Offshore Oil and Gas Inspection, Repair, and Maintenance (IRM) Market represents a crucial sector within the energy industry, focusing on enhancing efficiency and safety in underwater operations. AUVs have revolutionized the inspection, repair, and maintenance processes for offshore oil and gas infrastructure. These vehicles utilize cutting-edge technology and advanced sensors to navigate and examine subsea equipment, pipelines, and platforms with unprecedented precision and accuracy. The market's growth is primarily attributed to the industry's growing need for cost-effective and reliable methods to inspect and maintain underwater assets, minimizing operational downtime and ensuring safety in challenging offshore environments. AUVs offer unparalleled capabilities in conducting inspections and maintenance tasks, reducing human intervention in hazardous conditions and optimizing operational efficiency. The market continues to expand as companies increasingly embrace these innovative technologies to streamline IRM operations, facilitating proactive asset management and enhancing the overall productivity and longevity of offshore oil and gas facilities.

Key Market Drivers

Efficiency and Precision in Subsea Operations

The burgeoning need for heightened operational efficiency and precision in subsea activities stands as a fundamental catalyst propelling the Global AUV for Offshore Oil and Gas IRM Market. AUVs, integrated with cutting-edge sensors and navigational prowess, cater to the demanding nature of offshore environments by facilitating meticulous inspections and streamlined maintenance endeavors. Their adeptness at executing comprehensive evaluations of underwater infrastructure while minimizing human involvement marks a transformative leap in operational efficacy. These autonomous vehicles not only expedite inspection and maintenance procedures but also guarantee heightened accuracy and unwavering reliability, underscoring their pivotal role in reshaping the landscape of subsea operations within the oil and gas industry.

Cost-Effectiveness and Operational Optimization

The surge in the market is propelled by the relentless pursuit of cost-effective measures and operational streamlining within the offshore oil and gas sector. AUVs emerge as a beacon of cost-efficiency, presenting a compelling substitute to conventional methodologies by substantially curbing the necessity for extensive human labor and specialized equipment during subsea inspections. Their autonomous functionality acts as a conduit for process streamlining, diminishing operational downtimes, and fostering resource optimization. This holistic approach towards operations not only mitigates excessive expenses but also augments cost savings considerably for companies operating in the offshore oil and gas domain. As a result, the market is propelled forward, witnessing significant growth owing to the transformative impact these autonomous vehicles exert on cost-effective operational paradigms within the industry.

Enhanced Safety and Risk Mitigation

The escalating priority placed on safety protocols and risk abatement within offshore operations stands as a substantial driver for the market. AUVs assume a pivotal role in fortifying safety measures by curbing human exposure to perilous environments, significantly contributing to safer working conditions. Their utilization serves as a buffer, mitigating the inherent risks linked with dispatching divers or manned vehicles for inspections amidst arduous underwater settings. This proactive approach not only amplifies safety standards but also bolsters regulatory compliance measures across offshore ventures. The deployment of AUVs emerges as a strategic step towards fortifying safety frameworks within the industry, underscoring their indispensable role in augmenting safety protocols and mitigating operational risks in offshore operations.

Technological Advancements and Innovation

Technological evolution and ongoing innovations act as the driving force behind the AUV for Offshore Oil and Gas IRM Market. Continuous research and development initiatives are dedicated to elevating AUV capabilities, emphasizing advancements in sensor technologies, augmented maneuvering functionalities, and heightened autonomy levels. These progressive enhancements serve to broaden the spectrum of AUV applications, substantially amplifying their efficiency and precision in conducting inspections and maintenance tasks. Such technological strides not only facilitate the expansion of their applications but also significantly contribute to bolstering the market's growth trajectory.

Growing Offshore Exploration and Development Activities

The surge in offshore exploration and development initiatives globally serves as a key driver propelling the AUV for Offshore Oil and Gas IRM Market. With the offshore oil and gas industry venturing into deeper and more intricate environments, there emerges a heightened necessity for sophisticated solutions for inspection and maintenance. In this landscape, AUVs emerge as a dependable and efficient resource, adeptly addressing the intricacies of subsea infrastructure in these challenging settings. Their adeptness in accommodating the evolving demands of offshore exploration and development significantly contributes to propelling the market forward, aligning seamlessly with the industry's quest for advanced, reliable solutions in these expansive and demanding environments.


Download Free Sample Report

Key Market Challenges

Technical Complexity and Integration

One significant challenge facing the Global AUV for Offshore Oil and Gas IRM Market is the technical complexity associated with integrating advanced technology into AUV systems. Incorporating sophisticated sensors, navigation systems, and data processing capabilities within AUVs demands intricate engineering and seamless integration of diverse components. Ensuring these technologies operate cohesively while maintaining reliability and accuracy in subsea operations poses a considerable challenge. Moreover, maintaining these systems in harsh offshore environments and ensuring compatibility across various AUV models and operational requirements present ongoing challenges for manufacturers and operators.

Regulatory Compliance and Standardization

Regulatory compliance and standardization within the offshore oil and gas industry present challenges for AUV deployment. The diverse regulatory landscape across regions and the stringent compliance requirements demand adherence to safety, environmental, and operational standards. Establishing universally accepted guidelines for AUV operations, data collection, and reporting is crucial. Additionally, ensuring that AUVs comply with international maritime laws, safety protocols, and industry-specific regulations necessitates continuous efforts for standardization, posing a challenge for companies navigating various regulatory frameworks.

Limited Depth and Range Capabilities

A significant challenge confronting the AUV market is the limitation in depth and operational range capabilities. While AUVs excel in conducting inspections and maintenance tasks at moderate depths, deeper offshore environments pose challenges due to increased pressure, limited power, and communication constraints. Enhancing AUV capabilities to operate effectively at greater depths while maintaining operational efficiency and data transmission poses a technical hurdle for manufacturers and operators.

Data Management and Analysis Complexity

Handling vast amounts of data collected during AUV operations poses a considerable challenge. AUVs generate copious volumes of high-resolution data from sensors and imaging systems, demanding robust data management, storage, and analysis capabilities. Ensuring efficient data transmission from remote locations, real-time processing, and converting raw data into actionable insights for decision-making pose significant challenges. Implementing advanced data analytics and AI-driven algorithms to extract valuable insights and streamline decision-making processes while managing data security and integrity remains a critical challenge for the industry.

Key Market Trends

Advancements in AUV Technology

A prominent trend in the Global AUV for Offshore Oil and Gas IRM Market is the continuous advancements in AUV technology. These advancements encompass improvements in sensor capabilities, navigation systems, artificial intelligence, and data processing capabilities. Innovations aim to enhance AUVs' ability to conduct precise and comprehensive inspections, repairs, and maintenance tasks in challenging offshore environments. Emerging technologies like machine learning and autonomy further augment AUV capabilities, empowering these vehicles to operate more autonomously, efficiently, and accurately.

Shift towards Modular and Versatile AUV Systems

A trend in the market is the development of modular and versatile AUV systems. Manufacturers are designing AUVs with modular configurations, allowing for customization and adaptability to varied inspection and maintenance tasks. This trend enables operators to equip AUVs with specific tools and sensors tailored to different requirements, optimizing their versatility for diverse offshore operations. Modular designs facilitate quick reconfiguration, reducing downtime and enhancing operational flexibility.

Integration of Remote Sensing Technologies

The integration of remote sensing technologies is another notable trend. AUVs are increasingly equipped with advanced remote sensing capabilities, including improved imaging systems, multibeam sonars, and LiDAR technologies. These technologies enable high-resolution imaging and mapping of subsea structures, pipelines, and infrastructure, providing detailed and accurate data for inspection and maintenance purposes. The integration of remote sensing technologies enhances AUVs' capability to conduct comprehensive assessments and identify potential issues in offshore assets.

Rise in Collaboration and Partnerships

The industry is witnessing a rise in collaboration and partnerships among technology providers, oil and gas companies, and research institutions. Collaborations aim to leverage combined expertise in technology, data analytics, and domain knowledge to enhance AUV capabilities and address industry challenges more effectively. Partnerships foster innovation, accelerate technological developments, and drive the adoption of AUVs for offshore IRM applications.

Emphasis on Sustainability and Environmental Sensitivity

An emerging trend in the AUV market for offshore oil and gas IRM is the increasing emphasis on sustainability and environmental sensitivity. Companies are focusing on developing eco-friendly AUV designs, optimizing energy efficiency, and minimizing the ecological footprint of AUV operations. Efforts are underway to ensure AUVs operate with minimal impact on marine ecosystems, aligning with industry initiatives to enhance environmental stewardship in offshore operations.

Segmental Insights

Type Insights

The Light Weight Vehicle (LWV) segment emerged as the dominant type in the Global Autonomous Underwater Vehicle (AUV) for Offshore Oil and Gas Inspection, Repair, and Maintenance (IRM) Market, expected to sustain its dominance during the forecast period. LWVs held a prominent position due to their agility, versatility, and efficiency in conducting various IRM tasks in offshore oil and gas operations. These vehicles, characterized by their maneuverability and compact design, are well-suited for navigating complex underwater environments while performing intricate inspections and maintenance tasks on subsea infrastructure, pipelines, and equipment. LWVs offer a balance between portability and operational capabilities, enabling them to access confined spaces and execute detailed inspections with high precision. Their adaptability to diverse underwater conditions and the ability to integrate advanced sensors and imaging systems for data collection contribute to their dominance in the market. Furthermore, ongoing technological advancements aimed at enhancing LWVs' functionalities, such as improved navigation systems, higher payload capacities, and increased autonomy, reinforce their position as the preferred choice for offshore oil and gas IRM operations. As LWVs continue to evolve and address the industry's demands for efficient and reliable subsea inspection and maintenance solutions, they are anticipated to maintain their dominance in the AUV market for offshore oil and gas IRM in the foreseeable future.

Water Depth Insights

The Deepwater segment emerged as the dominant category in the Global Autonomous Underwater Vehicle (AUV) for Offshore Oil and Gas Inspection, Repair, and Maintenance (IRM) Market, expected to maintain its dominance throughout the forecast period. Deepwater AUVs played a pivotal role in addressing inspection and maintenance needs in challenging offshore environments characterized by substantial water depths. These AUVs are specifically designed and equipped to navigate and operate efficiently in depths ranging from several hundred meters to a few kilometers below the sea surface. Their robust capabilities, including enhanced pressure resistance, extended endurance, and advanced sensor suites tailored for deepwater conditions, facilitated comprehensive inspections and maintenance tasks on subsea infrastructure, pipelines, and equipment. Deepwater AUVs offer the requisite technological prowess to handle complex operations at significant depths while ensuring precise data collection and maneuverability in demanding offshore environments. The ongoing emphasis on offshore exploration and production activities in deeper waters, coupled with advancements in deep-sea technologies and sensor systems, reinforces the dominance of Deepwater AUVs in addressing the evolving needs of the offshore oil and gas IRM sector. As companies increasingly venture into deeper offshore regions for resource extraction, the demand for Deepwater AUVs is anticipated to persist, solidifying their position as the primary choice for conducting comprehensive IRM activities in deep-sea environments within the oil and gas industry.

Propulsion System Insights

The Electric System segment emerged as the dominant category in the Global Autonomous Underwater Vehicle (AUV) for Offshore Oil and Gas Inspection, Repair, and Maintenance (IRM) Market, and it is projected to maintain its dominance during the forecast period. Electric propulsion systems have significantly reshaped the AUV landscape due to their efficiency, reliability, and environmental sustainability. These systems utilize battery-powered electric motors that offer enhanced maneuverability, lower noise levels, and reduced emissions compared to traditional combustion-based propulsion. The Electric System AUVs excel in performing IRM tasks with greater precision and endurance, enabling prolonged missions for inspection, repairs, and data collection in offshore oil and gas operations. The advancements in battery technology and power management systems have substantially increased the operational capabilities of Electric System AUVs, allowing for extended mission durations and improved overall efficiency in deep-sea environments. Moreover, the growing emphasis on eco-friendly solutions and the industry's push towards minimizing environmental impact have amplified the preference for Electric System AUVs. The anticipated advancements in battery technology, coupled with ongoing research to enhance the efficiency and autonomy of electric propulsion systems, reinforce the projection of Electric System AUVs maintaining their dominance in the offshore oil and gas IRM market. As sustainability and operational efficiency remain key priorities in the industry, Electric System AUVs are expected to continue leading the market, offering enhanced capabilities for underwater inspection and maintenance operations while aligning with environmental conservation efforts.


Download Free Sample Report

Regional Insights

North America region emerged as the dominant force in the Global Autonomous Underwater Vehicle (AUV) for Offshore Oil and Gas Inspection, Repair, and Maintenance (IRM) Market and is anticipated to sustain its dominance throughout the forecast period. North America's prominence in the AUV market for offshore oil and gas IRM is attributed to several factors contributing to the region's technological advancements, significant investments in research and development, and a robust presence of key market players. Countries like the United States and Canada have been at the forefront of technological innovation, driving the development and adoption of advanced AUV systems tailored for offshore exploration and production activities. The region benefits from a mature oil and gas industry, where offshore operations have been prevalent, especially in the Gulf of Mexico. The substantial investments in offshore projects, coupled with a strong focus on deploying advanced technologies for efficient inspection and maintenance of subsea infrastructure, have bolstered the demand for AUVs in North America. Additionally, the presence of leading technology providers, research institutions, and favorable regulatory frameworks supporting technological advancements and exploration activities further solidify North America's position in the global AUV market. As the region continues to prioritize offshore energy production and exploration, coupled with ongoing investments in research and development, North America is anticipated to maintain its dominance in the AUV market for offshore oil and gas IRM, fostering continuous innovation and technological advancements in the industry.

Recent Developments

  • In September 2023, Global AUV for Offshore Oil and Gas IRM (Inspection, Repair, and Maintenance) Market witnessed a significant advancement with the introduction of next-generation autonomous underwater vehicles (AUVs) equipped with cutting-edge technology tailored for offshore operations. These advanced AUVs leverage AI-powered algorithms and high-resolution sensors to conduct comprehensive subsea inspections, monitor infrastructure integrity, and perform maintenance tasks in offshore oil and gas fields. Integrated with cloud-based data analytics platforms, these AUVs provide real-time insights into subsea assets, enabling proactive decision-making and enhancing operational efficiency in the offshore energy sector.
  • In May 2023, a prominent offshore technology company unveiled its latest line of AUVs designed specifically for the oil and gas industry. These autonomous underwater vehicles feature advanced imaging systems, acoustic sensors, and robotic arms, enabling precise subsea asset inspection and intervention capabilities. The AUVs seamlessly integrate with existing offshore infrastructure, offering operators a cost-effective solution for streamlining inspection, repair, and maintenance activities in challenging offshore environments. This development underscores the industry's commitment to leveraging AI and robotics for enhancing safety and productivity in offshore operations.
  • In February 2023, a leading energy corporation announced the deployment of AI-driven AUVs for offshore oil and gas asset management. These autonomous underwater vehicles are equipped with state-of-the-art navigation systems and advanced sensor arrays, enabling them to conduct detailed inspections of subsea pipelines, risers, and other critical infrastructure. The AUVs' ability to autonomously collect and analyze subsea data streamlines the asset integrity management process, providing operators with actionable insights to optimize maintenance strategies and mitigate operational risks in offshore oil and gas production.
  • In December 2023, a global oil and gas service provider introduced a comprehensive AUV-based solution for offshore IRM operations. Leveraging advanced machine learning algorithms and multi-sensor fusion technology, these autonomous underwater vehicles offer unparalleled capabilities for subsea asset inspection, structural monitoring, and intervention tasks. Integrated with cloud-based IRM platforms, these AUVs enable operators to proactively manage the integrity of offshore assets, reducing downtime and enhancing safety in the challenging offshore environment. This development signifies a significant leap in the adoption of AI-powered AUVs for optimizing offshore oil and gas IRM activities.

Key Market Players

  • Saab AB
  • Ocean Infinity
  • Teledyne Technologies
  • Kongsberg Maritime
  • Fugro
  • Oceaneering International Inc.
  • Bluefin Robotics
  • ECA Group
  • Subsea 7
  • Sonardyne

By Type

By Water Depth

By Propulsion System

 By Region

  • Man-Portable
  • Light Weight Vehicle (LWV)
  • Heavy Weight Vehicle (HWV)
  • Shallow Water
  • Deepwater
  • Ultra-deepwater
  • Electric System
  • Mechanical System
  • Hybrid System
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global AUV for Offshore Oil and Gas IRM Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • AUV for Offshore Oil and Gas IRM Market, By Type:

o   Man-Portable

o   Light Weight Vehicle (LWV)

o   Heavy Weight Vehicle (HWV)

  • AUV for Offshore Oil and Gas IRM Market, By Water Depth:

o   Shallow Water

o   Deepwater

o   Ultra-deepwater

  • AUV for Offshore Oil and Gas IRM Market, By Propulsion System:

o   Electric System

o   Mechanical System

o   Hybrid System  

  • AUV for Offshore Oil and Gas IRM Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Indonesia

§  Vietnam

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

§  Peru

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global AUV for Offshore Oil and Gas IRM Market.

Available Customizations:

Global AUV for Offshore Oil and Gas IRM market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global AUV for Offshore Oil and Gas IRM Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Impact of COVID-19 on Global AUV for Offshore Oil and Gas IRM Market

5.    Voice of Customer

6.    Global AUV for Offshore Oil and Gas IRM Market Overview

7.    Global AUV for Offshore Oil and Gas IRM Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type (Man-portable, Light Weight Vehicle (LWV), Heavy Weight Vehicle (HWV))

7.2.2.    By Water Depth (Shallow Water, Deepwater, Ultra-deepwater)

7.2.3.    By Propulsion System (Electric System, Mechanical System, Hybrid System)

7.2.4.    By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

7.3.  By Company (2023)

7.4.  Market Map

8.    North America AUV for Offshore Oil and Gas IRM Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Water Depth

8.2.3.    By Propulsion System

8.2.4.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States AUV for Offshore Oil and Gas IRM Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Water Depth

8.3.1.2.3.           By Propulsion System

8.3.2.    Canada AUV for Offshore Oil and Gas IRM Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Water Depth

8.3.2.2.3.           By Propulsion System

8.3.3.    Mexico AUV for Offshore Oil and Gas IRM Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Water Depth

8.3.3.2.3.           By Propulsion System

9.    Europe AUV for Offshore Oil and Gas IRM Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Water Depth

9.2.3.    By Propulsion System

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany AUV for Offshore Oil and Gas IRM Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Water Depth

9.3.1.2.3.           By Propulsion System

9.3.2.    France AUV for Offshore Oil and Gas IRM Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Water Depth

9.3.2.2.3.           By Propulsion System

9.3.3.    United Kingdom AUV for Offshore Oil and Gas IRM Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Water Depth

9.3.3.2.3.           By Propulsion System

9.3.4.    Italy AUV for Offshore Oil and Gas IRM Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type

9.3.4.2.2.           By Water Depth

9.3.4.2.3.           By Propulsion System

9.3.5.    Spain AUV for Offshore Oil and Gas IRM Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type

9.3.5.2.2.           By Water Depth

9.3.5.2.3.           By Propulsion System

9.3.6.    Belgium AUV for Offshore Oil and Gas IRM Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Type

9.3.6.2.2.           By Water Depth

9.3.6.2.3.           By Propulsion System

10. South America AUV for Offshore Oil and Gas IRM Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Type

10.2.2. By Water Depth

10.2.3. By Propulsion System

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil AUV for Offshore Oil and Gas IRM Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Water Depth

10.3.1.2.3.         By Propulsion System

10.3.2. Colombia AUV for Offshore Oil and Gas IRM Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Water Depth

10.3.2.2.3.         By Propulsion System

10.3.3. Argentina AUV for Offshore Oil and Gas IRM Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Water Depth

10.3.3.2.3.         By Propulsion System

10.3.4. Chile AUV for Offshore Oil and Gas IRM Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Water Depth

10.3.4.2.3.         By Propulsion System

10.3.5. Peru AUV for Offshore Oil and Gas IRM Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Type

10.3.5.2.2.         By Water Depth

10.3.5.2.3.         By Propulsion System

11. Middle East & Africa AUV for Offshore Oil and Gas IRM Market Outlook

11.1.            Market Size & Forecast

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Type

11.2.2. By Water Depth

11.2.3. By Propulsion System

11.2.4. By Country

11.3.            Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia AUV for Offshore Oil and Gas IRM Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Water Depth

11.3.1.2.3.         By Propulsion System

11.3.2. UAE AUV for Offshore Oil and Gas IRM Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Water Depth

11.3.2.2.3.         By Propulsion System

11.3.3. South Africa AUV for Offshore Oil and Gas IRM Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Water Depth

11.3.3.2.3.         By Propulsion System

11.3.4. Turkey AUV for Offshore Oil and Gas IRM Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Water Depth

11.3.4.2.3.         By Propulsion System

11.3.5. Israel AUV for Offshore Oil and Gas IRM Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Water Depth

11.3.5.2.3.         By Propulsion System

12. Asia Pacific AUV for Offshore Oil and Gas IRM Market Outlook

12.1.            Market Size & Forecast

12.1.1. By Value

12.2.            Market Share & Forecast

12.2.1. By Type

12.2.2. By Water Depth

12.2.3. By Propulsion System

12.2.4. By Country

12.3.            Asia-Pacific: Country Analysis

12.3.1. China AUV for Offshore Oil and Gas IRM Market Outlook

12.3.1.1.     Market Size & Forecast

12.3.1.1.1.         By Value

12.3.1.2.     Market Share & Forecast

12.3.1.2.1.         By Type

12.3.1.2.2.         By Water Depth

12.3.1.2.3.         By Propulsion System

12.3.2. India AUV for Offshore Oil and Gas IRM Market Outlook

12.3.2.1.     Market Size & Forecast

12.3.2.1.1.         By Value

12.3.2.2.     Market Share & Forecast

12.3.2.2.1.         By Type

12.3.2.2.2.         By Water Depth

12.3.2.2.3.         By Propulsion System

12.3.3. Japan AUV for Offshore Oil and Gas IRM Market Outlook

12.3.3.1.     Market Size & Forecast

12.3.3.1.1.         By Value

12.3.3.2.     Market Share & Forecast

12.3.3.2.1.         By Type

12.3.3.2.2.         By Water Depth

12.3.3.2.3.         By Propulsion System

12.3.4. South Korea AUV for Offshore Oil and Gas IRM Market Outlook

12.3.4.1.     Market Size & Forecast

12.3.4.1.1.         By Value

12.3.4.2.     Market Share & Forecast

12.3.4.2.1.         By Type

12.3.4.2.2.         By Water Depth

12.3.4.2.3.         By Propulsion System

12.3.5. Australia AUV for Offshore Oil and Gas IRM Market Outlook

12.3.5.1.     Market Size & Forecast

12.3.5.1.1.         By Value

12.3.5.2.     Market Share & Forecast

12.3.5.2.1.         By Type

12.3.5.2.2.         By Water Depth

12.3.5.2.3.         By Propulsion System

12.3.6. Indonesia AUV for Offshore Oil and Gas IRM Market Outlook

12.3.6.1.     Market Size & Forecast

12.3.6.1.1.         By Value

12.3.6.2.     Market Share & Forecast

12.3.6.2.1.         By Type

12.3.6.2.2.         By Water Depth

12.3.6.2.3.         By Propulsion System

12.3.7. Vietnam AUV for Offshore Oil and Gas IRM Market Outlook

12.3.7.1.     Market Size & Forecast

12.3.7.1.1.         By Value

12.3.7.2.     Market Share & Forecast

12.3.7.2.1.         By Type

12.3.7.2.2.         By Water Depth

12.3.7.2.3.         By Propulsion System

13. Market Dynamics

13.1.            Drivers

13.2.            Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.            Saab AB

15.1.1. Business Overview

15.1.2. Key Revenue and Financials  

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2.            Ocean Infinity

15.2.1. Business Overview

15.2.2. Key Revenue and Financials  

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3.            Teledyne Technologies

15.3.1. Business Overview

15.3.2. Key Revenue and Financials  

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4.            Kongsberg Maritime

15.4.1. Business Overview

15.4.2. Key Revenue and Financials  

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5.            Fugro

15.5.1. Business Overview

15.5.2. Key Revenue and Financials  

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6.            Oceaneering International Inc.

15.6.1. Business Overview

15.6.2. Key Revenue and Financials  

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7.            Bluefin Robotics

15.7.1. Business Overview

15.7.2. Key Revenue and Financials  

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8.            ECA Group

15.8.1. Business Overview

15.8.2. Key Revenue and Financials  

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9.            Subsea 7

15.9.1. Business Overview

15.9.2. Key Revenue and Financials  

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10.         Sonardyne

15.10.1.              Business Overview

15.10.2.              Key Revenue and Financials  

15.10.3.              Recent Developments

15.10.4.              Key Personnel/Key Contact Person

15.10.5.              Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global AUV for Offshore Oil and Gas IRM Market was USD 615 Million in 2023.

down-arrow

The dominant segment by Propulsion System in the Global AUV for Offshore Oil and Gas IRM Market in 2023 was Electric System.

down-arrow

North America stands as the dominant region in the Global AUV for Offshore Oil and Gas IRM Market.

down-arrow

The major drivers for the Global AUV for Offshore Oil and Gas IRM Market include enhanced efficiency in underwater inspections, cost savings, increased demand for deep-sea exploration, and the industry's focus on minimizing human intervention in hazardous environments

profile

Parvati Sharma

Account Manager BD
Press Release

AUV for Offshore Oil and Gas IRM Market is expected to register a CAGR of 20.8% during the forecast period

Jan, 2024

The Global AUV (Autonomous Underwater Vehicle) for Offshore Oil and Gas IRM (Inspection, Repair, and Maintenance) Market is rising due to increased demand for efficient, cost-effective, and safer met