ROV operations expenditures to grow to $1.5 billion by 2017
by
Frank Tobe
Douglas-Westwood, an energy research group, says (in their $5,000 World ROV Operations Market Forecast 2013-2017 report), that ROV operations expenditures will grow 80% over the next 5 years.
- 75% of the ROV vehicles are used as work-class vehicles; the remainder are for inspection.
- The combined purchase and operations expenditures over those years will be $9.7 billion.
- Insight into those numbers provided by Unmanned Vehicle Systems Consulting said that global ROV sales in 2010 were $850 million of which 50% were for energy use; 25% for defense and security and 25% for scientific research.
- Further, roughly 20% of the vehicles were autonomous underwater vehicles (AUVs); the rest were ROVs (remotely operated vehicles).
Frank Tobe
is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series...
read more
Follow @therobotreport
Follow @therobotreport
On Artificial Intelligence for Wildlife Conservation
June 11, 2019
June 11, 2019
Are you planning to crowdfund your robot startup?
Need help spreading the word?
Join the Robohub crowdfunding page and increase the visibility of your campaign
Need help spreading the word?
Join the Robohub crowdfunding page and increase the visibility of your campaign
