Work Class Rovs Market Key Players and Production Information analysis
Work-class remotely operated vehicles (ROVs) are large enough unmanned underwater vehicles to carry additional sensors and/or manipulators.
BriefingWire.com, 4/09/2021 -
Work-class remotely operated vehicles (ROVs) are large enough unmanned underwater vehicles to carry additional sensors and/or manipulators. These vehicles commonly have a multiplexing capability that allows additional sensors and tools to operate without being âhard-wiredâ through the umbilical system. These ROVs are generally larger and more powerful than observation mini ROVs. The evolution of ROV technology has resulted in the ever-growing application of work class ROVs in oil & gas industry, military/defense, scientific research and other sectors. Global total Capex (capital expenditure) of work class ROVs in 2025 will advance to $XXX billion, registering a CAGR of 9.3% between 2016 and 2025. This represents a cumulative Capex of $XXX billion during 2017-2025 owing to a substantial adoption of work class ROVs for drilling support, construction support, as well as inspection, repair and maintenance (IRM) activities across the globe.