Globe Newswire
Global Offshore AUV & ROV Markets, 2016-2020 & 2021-2026
Dublin, May 25, 2021 (GLOBE NEWSWIRE) — The “Global Offshore AUV & ROV Market, By Product Type (AUV, ROV), By Propulsion System (Hybrid System, Electric System, Mechanical System), By Depth, By Application, By End User, By Region, Competition Forecast & Opportunities, 2016-2026” report has been added to ResearchAndMarkets.com’s offering. The Global Offshore AUV & ROV Market was valued USD 3.53 Billion in 2020 and is expected to grow at an impressive rate of 11.48% CAGR during 2021-2026. The Global Offshore AUV & ROV Market is driven by the increasing offshore oil & gas discoveries in different countries across the globe. Additionally, these AUVs & ROVs help in detecting submerged rocks and obstructions and raise alarms & alerts. As a result of this they are highly preferred and used in the navigational system of marine vehicles. However, this is quite capital intensive and requires huge investment thereby restricting the market growth during the forecast period.The exceptional services offered by autonomous…
