The report, now available on ASDReports, recognizes the following companies as the key players in the Global Unmanned Underwater Vehicles Market: Fugro, Kongsberg Maritime, Oceaneering, SAAB and Telydyne Technologies
Other Prominent Vendors in the market are: Atlas Elekronik, Bluefin Robotic, Boston Engineering and Palmarii Dynamics
Commenting on the report, an analyst said: “There is a continuous need to simplify the user interface of remotely operated vehicles (ROVs). Most ROVs in operation have many screens that are used to monitor the status of an ROV, for robotic arm manipulation, and to receive information from data-collection instruments and camera feeds. The trend is to make all the information available to the operator on one screen, and this requires the integration of many systems and thus new software. The introduction of high-definition cameras and videos has led to the efficient transmission of data from ROV to operator. This allows for better inspection of the underwater environment due to better-quality images and improved control of the vehicle. Manufacturers use fiber optic cable to accommodate the higher bandwidth required to transmit high-definition signals.”
According to the report, the work class ROV market is driven by high and sustained oil prices, and this trend is expected to continue for years. As a result, there has been an increase in drilling activities as well as in the installation of pipelines, subsea wells, and control cables. During 2006-2011, 120 new ROVs were built per annum to satisfy the growing demand from the offshore market, resulting in an increase in the ROV fleet. Work class ROV capital expenditure had increased in 2011.
Further, the report states that the shift from ROVs to autonomous underwater vehicles (AUVs) is the result of the latter’s wider applicability across industries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Sep 7, 2015