global AUV for offshore oil and gas IRM market

AUV for Offshore Oil and Gas IRM Market Size, Share, Growth Analysis, By Type(Man-portable, Light Weight Vehicle (LWV)), By Water Depth(Shallow Water, Deepwater), By Propulsion System(Electric System, Hybrid System) - Industry Forecast 2024-2031


Report ID: SQMIG10F2014 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 90 | Figures: 71

AUV for Offshore Oil and Gas IRM Market Competitive Landscape

The competitive landscape of the global Autonomous Underwater Vehicle (AUV) market for offshore oil and gas Inspection, Repair, and Maintenance (IRM) is defined by fierce rivalry among established players and up-and-coming entrants. Leading companies such as Saab Group, Ocean Infinity, Kongsberg Maritime, and Bluefin Robotics (which is a subsidiary of General Dynamics) have a strong presence in the market, owing their position to their long-standing experience and expertise, coupled with their cutting-edge technology that can give comprehensive AUV solutions for IRM tasks. Factors like reliability, technological innovation, and comprehensive service offerings define the competition among these industry titans, which is good for a healthy market.

In recent years, the market has seen an influx of innovative startups and specialized firms that solely focus on the development of AUVs for offshore IRM. These newcomers contribute to the overall dynamic of the industry by bringing innovative solutions and fresh perspectives to the AUV sector. Moreover, as market participants search for methods to develop customized AUV solutions to meet specific IRM needs and enhance operational efficiency, partnerships and collaborations between oil and gas companies and AUV manufacturers are becoming more and more common.

The competitive landscape of the AUV market is expected to see further developments as the offshore oil and gas industry continues to evolve, such as environmental sustainability, advanced technologies, and cost-effectiveness. In this competitive environment, those companies that can adapt to changing industry demands and offer integrated solutions are predicted to flourish.

Top Player’s Company Profile

  • DOF Subsea (Norway)
  • Fugro (Netherlands)
  • Forum Energy Technologies (United States)
  • International Submarine Engineering Ltd. (Canada)
  • Atlas Elektronik GmbH (Germany)
  • Subsea 7 S.A. (Luxembourg)
  • Bluefin Robotics (United States)
  • SMD (Soil Machine Dynamics) (United Kingdom)
  • Teledyne Gavia (Iceland)
  • Kongsberg Maritime (Norway)
  • ECA Group (France)
  • HUGIN AUV (Norway)

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FAQs

AUV for Offshore Oil and Gas IRM Market size was valued at USD 0.61 billion in 2022 and is poised to grow from USD 0.74 billion in 2023 to USD 3.39 billion by 2031, growing at a CAGR of 21% in the forecast period (2024-2031).

The competitive landscape of the Autonomous Underwater Vehicle (AUV) market for offshore oil and gas Inspection, Repair, and Maintenance (IRM) is defined by fierce rivalry among established players and up-and-coming entrants. Leading companies such as Saab Group, Ocean Infinity, Kongsberg Maritime, and Bluefin Robotics (which is a subsidiary of General Dynamics) have a strong presence in the market, owing their position to their long-standing experience and expertise, coupled with their cutting-edge technology that can give comprehensive AUV solutions for IRM tasks. Factors like reliability, technological innovation, and comprehensive service offerings define the competition among these industry titans, which is good for a healthy market. 'Saab Group (Sweden)', 'DOF Subsea (Norway)', 'Ocean Infinity (United States)', 'Fugro (Netherlands)', 'Oceaneering International, Inc. (United States)', 'Forum Energy Technologies (United States)', 'International Submarine Engineering Ltd. (Canada)', 'Atlas Elektronik GmbH (Germany)', 'Subsea 7 S.A. (Luxembourg)', 'Bluefin Robotics (United States)', 'SMD (Soil Machine Dynamics) (United Kingdom)', 'Teledyne Gavia (Iceland)', 'Kongsberg Maritime (Norway)', 'ECA Group (France)', 'HUGIN AUV (Norway)'

The demand for oil and gas is steadily on the rise, which in turn drives exploration and production activities in more challenging and deeper offshore environments, where AUVs play a vital role in IRM tasks.

Integration of Artificial Intelligence and Machine Learning: The AUV market for oil and gas IRM industry is influenced greatly by an ongoing trend. That is the integration of AI and ML algorithms into traditional AUVs. These integrated models can improve the AUV’s data processing abilities. This, in turn, will lead to more accurate analysis of data derived from inspection.

In the AUV market for offshore oil and gas Inspection, Repair, and Maintenance (IRM), North America comes out as a significant region. The United States, in particular, serves as a base for several leading AUV manufacturers and operators. The region’s vast offshore oil and gas reserves in the Gulf of Mexico and the North Atlantic contribute to its strong position. The increased adoption of AUVs for IRM tasks is a direct result of the region’s regulatory emphasis on safety and environmental compliance. In addition, technology development has been accelerated in the region as a result of partnerships between established players and offshore energy companies. The industry is continuously molded and transformed due to North America's innovative approach to AUVs, investment in autonomous technology, and integration of AI and data analytics.

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global AUV for offshore oil and gas IRM market

Product ID: SQMIG10F2014

$5,300
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