Remotely Operated Vehicles (ROV) and Autonomous Operated Vehicles (AUV) in the Energy Market 2012-2022
The energy sector has used unmanned underwater vehicles for around 40 years. Since their first introduction, functions and applications have grown extensively, becoming a vital component of the offshore oil & gas industry. An increase in underwater vehicle manufacturers has boosted competition and technological development, both improving vehicle capabilities and driving down costs. This change in market dynamics has led to a stable, exciting sector capable of significant market growth over the next ten years and more. Visiongain calculates that global expenditure on ROVs and AUVs in the energy sector in 2012 will total $1.52bn.