The Observation Mini ROVs Global Market Report 2023, provides comprehensive information on the observation mini rovs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global observation mini ROV market size is expected to grow from $10.73 billion in 2022 to $11.39 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of observation mini ROV market is expected to reach $14.09 billion in 2027 at a CAGR of 5.4%
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Technological advancements are a key trend gaining popularity in the observation mini ROV market. Major companies operating in the observation mini-ROV market are adopting new technologies to sustain their position in the market. For instance, in October 2021, ECA Group, a France-based aerospace and defense company, launched R7-based ROVs (remotely operated vehicles) for the Observation Mini ROV. The R7 combines the deployment ease of mini-ROVs and compactness with professional observation-class ROVs’ speed, performance, and payload-carrying capacity. The R7 incorporates digital technology and facilitates navigation in difficult visibility conditions with a very high-sensitivity wide-angle video sensor equipped with the R7’s navigation camera. This is developed for oceanographers, hydrographers, fish farmers, and managers of submerged structures for all underwater operations up to 300 meters, including inspection, observation, surveillance, maintenance, and object recovery.
The observation mini rovs market is segmented:
1) By Type: Micro Observation ROV, Mini Observation ROV
2) By Payload: Light Payload, Heavy Payload
3) By Application: Oil and Gas Industry, Military and Defense, Scientific Research, Other Applications
North America was the largest region in the observation mini rovs market in 2022.
The table of contents in TBRC’s observation mini rovs market report includes:
1. Executive Summary
2. Observation Mini ROVs Market Characteristics
3. Observation Mini ROVs Market Trends And Strategies
4. Observation Mini ROVs Market – Macro Economic Scenario
5. Observation Mini ROVs Market Segmentation
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26. South America Observation Mini ROVs Market
27. Brazil Observation Mini ROVs Market
28. Middle East Observation Mini ROVs Market
29. Africa Observation Mini ROVs Market
30. Observation Mini ROVs Market Competitive Landscape And Company Profiles
Top Major Players:
- Teledyne SeaBotix Incorporated
- VideoRay LLC
- Saab Seaeye
- International Submarine Engineering Ltd
- Ocean Modules Sweden AB
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