MEA AUV & ROV Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.60 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA AUV & ROV Market Analysis
The Middle East & Africa AUV and ROV market is expected to register a CAGR of 4.6 % during the forecast period.
The COVID-19 pandemic negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Rising oil and gas production activities, along with increasing oil and gas decommissioning activities in various Middle Eastern and African countries, such as Saudi Arabia, United Arab Emirates, Oman, Ghana, and Ivory Coast, are expected to drive the market during the forecast period.
- On the other hand, the declining number of offshore rigs and offshore oil and gas activities in the Persian Gulf Basin is expected to restrain the market.
- Nevertheless, the ongoing deepwater and ultra-deepwater oil and gas discoveries and shale gas explorations are expected to create enormous opportunities for the Middle East and Africa AUV and ROV market during the forecast period.
- Due to increasing oil and gas activities across the country, Saudi Arabia is expected to dominate the market during the forecast period.
MEA AUV & ROV Market Trends
This section covers the major market trends shaping the MEA AUV & ROV Market according to our research experts:
Oil and Gas Segment is Expected to Dominate the Market
- The Middle East and Africa are significant regions of proven oil and gas field reserves worldwide. The region's offshore reserves remain underdeveloped in Kuwait, Saudi Arabia, Iran, Qatar, Nigeria, Cameroon, and the United Arab Emirates, all of which have significant field developments in trains.
- As of 2021, the total oil production in the Middle East reached 28,156 thousand barrels daily. With the rapidly increasing global energy needs, offshore oil production has become an attractive energy source. Therefore, countries with significant regional players are focusing on exploring and producing offshore oil and gas fields.
- For instance, this year, Abu Dhabi National Oil Company (ADNOC) kicked off a bid process for engineering, procurement, construction, and installation contract for further development at its giant Lower Zakum offshore oilfield. The development of the field includes several services, such as the construction of infrastructure, subsea pipelines, and subsea systems. All these services require ROV and AUV for installation and monitoring.
- Moreover, in June 2022, Saudi's King Abdullah University of Science and Technology (KAUST) announced a new collaboration agreement with Ocean Aero, a manufacturer and service provider of ocean-going Autonomous Underwater and Surface Vehicles (AUVs). Ocean Aero and Shelf Subsea aim to bring the AUVs into Saudi Arabia, enhancing KAUST research on the Red Sea.
- Furthermore, as of 2021-2025, there are more than 77 approved upstream projects in the Middle East and 27 approved upstream projects in the African region. Most of these projects are offshore field projects requiring ROVs and AUVs for various services. This, in turn, is expected to drive the market studied during the forecast period.
- Therefore, the oil and gas segment is expected to dominate the market during the forecast period.
Saudi Arabia is Expected to Dominate the Market
- Saudi Arabia is rich in oil and gas reserves. The region has one of the most well-developed oil and gas industries, with the primary areas of focus being the vast reserves in the Persian Gulf. As drilling depths have increased over the years, the volume of technically recoverable reserves has increased significantly, which has attracted growing investments.
- ROV and AUV technologies have become increasingly affordable. Therefore, oil and gas producers in Saudi Arabia have invested in ROV and AUV services for obtaining data and carrying out routine maintenance work on subsea assets and surfaces. Despite higher upfront costs than those of the diving crews, ROVs and AUVs need less time to complete the same amount of work, reducing overall project OPEX.
- Saudi Arabia is in the process of expanding its existing oil & gas fields. Major expansion projects include the Berri field and the Marjan Oil field. The Berri field is located partly onshore and partly offshore on the east coast of Saudi Arabia. It is being expanded under the Berri Increment Program (BIP) to double its crude oil production capacity to 500,000 barrels per day by 2023. The project is scheduled to commission next year, with an estimated investment of USD 6 billion. It is expected to drive future demand for the ROV and AUV market. As of 2021, Saudi Arabia had crude oil production of about 10,954 in thousand barrels per day.
- Moreover, in December 2021, Fugro NV deployed two new autonomous environmental landers off the coast of Saudi Arabia to collect oceanographic data in deep remote areas of the Red Sea. The project aims to support Saudi Vision 2030.
- Furthermore, in September 2022, the Government of Saudi Arabia announced its plan to procure highly advanced stealth Chinese AUVs for oil and gas and defense operations.
- Therefore, owing to the above points, Saudi Arabia is expected to dominate the Middle East and Africa AUV & ROV market during the forecast period.
MEA AUV & ROV Industry Overview
The Middle East and Africa AUV & ROV market is moderately fragmented in nature. Some of the market's key players (in no particular order) include DOF Subsea AS, Fugro NV, Subsea 7 SA, Saipem SpA, and Oceaneering International Inc.
MEA AUV & ROV Market Leaders
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DOF Subsea AS
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Fugro NV
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Subsea 7 SA
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Saipem SpA
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Oceaneering International Inc
*Disclaimer: Major Players sorted in no particular order
MEA AUV & ROV Market News
- June 2022: King Abdullah University of Science and Technology (KAUST) collaborated with Ocean Aero to deploy solar and battery-powered autonomous underwater and surface vehicles in the Red Sea, Saudi Arabia. This is expected to enhance KAUST's research on the Red Sea.
- February 2022: Abu Dhabi National Oil Company (ADNOC) introduced remotely operated vehicles (ROVs) to its operations, targeting easier and safer underwater safety inspections. The company has stated that using ROVs reduces human exposure to underwater hull inspections.
MEA AUV & ROV Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope Of The Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size And Demand Forecast In USD Billion, Till 2027
4.3 Government Policies And Regulations
4.4 Recent Trends And Developments
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes Products and Services
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 ROV
5.1.2 AUV
5.2 End-user Application
5.2.1 Oil and Gas
5.2.2 Defense
5.2.3 Research
5.2.4 Other End-user Applications
5.3 By Geography
5.3.1 Saudi Arabia
5.3.2 United Arab Emirates
5.3.3 South Africa
5.3.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, And Agreements
6.2 Strategies Adopted By Leading Players
6.3 Company Profiles
6.3.1 DOF Subsea AS
6.3.2 Fugro NV
6.3.3 Subsea 7 SA
6.3.4 Saipem SpA
6.3.5 Oceaneering International Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA AUV & ROV Industry Segmentation
AUVs and ROVs are autonomous underwater vehicles and remotely operated underwater vehicles, respectively. AUVs are particularly deployed in underwater survey missions, such as detecting and mapping submerged wrecks and rocks. ROVs are unoccupied underwater robots connected to a ship by cables.
The Middle East and Africa AUV & ROV Market is Segmented by Vehicle Type (ROV and AUV), End-user Application (Oil and Gas, Defense, Research, and Other End-user Applications), and Geography (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle East and Africa). The report offers the market size and forecasts for the Middle East and Africa AUV & ROV Market in USD billion for all the above segments.
| By Vehicle Type | |
| ROV | |
| AUV |
| End-user Application | |
| Oil and Gas | |
| Defense | |
| Research | |
| Other End-user Applications |
| By Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle East and Africa |
MEA AUV & ROV Market Research FAQs
What is the current Middle-East and Africa AUV & ROV Market size?
The Middle-East and Africa AUV & ROV Market is projected to register a CAGR of greater than 4.60% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa AUV & ROV Market?
DOF Subsea AS, Fugro NV, Subsea 7 SA, Saipem SpA and Oceaneering International Inc are the major companies operating in the Middle-East and Africa AUV & ROV Market.
What years does this Middle-East and Africa AUV & ROV Market cover?
The report covers the Middle-East and Africa AUV & ROV Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa AUV & ROV Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa AUV & ROV Industry Report
Statistics for the 2024 Middle-East and Africa AUV & ROV market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa AUV & ROV analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
