ROV Sonar Market Size, Share, Growth, And Industry Analysis by Type (Single Beam Scanning Sonar System, Multi-beam Sonar System, Side Scan Sonar System & Other Sonar System) by Application (Scientific Area, Military Area & Other) Regional Forecast From 2024 To 2031

Updated On: 15 April 2024

ROV Sonar Market Report Overview

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The global ROV sonar market size expanded rapidly in 2022, as per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

 The global COVID-19 pandemic has been unprecedented and staggering, with the ROV sonar market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

An underwater vehicle known as a ROV (Remotely Operated Vehicle) may be remotely operated by a surface operator. Among the many jobs that ROVs are frequently employed for include underwater construction, offshore oil and gas exploration, marine research, and underwater inspections. The ROV technology known as sonar—short for Sound Navigation and Ranging—is one of the most important ones. Acoustic technology called sonar utilises sound waves to find things under water. Sending out a sound wave and then listening for the echo that returns from a submerged object is the core idea behind sonar. Sonar can calculate the distance to an item by timing how long it takes a sound wave to go there and return.

Because to its numerous uses in marine research, underwater surveys, and offshore oil & gas development, the remotely operated vehicle (ROV) sonar industry is expanding quickly. A highly developed underwater vehicle called a ROV can be controlled remotely, enabling users to undertake deep-sea activities without putting human lives at danger. An ROV's sensor suite must include sonar technology since it can produce detailed pictures and data about the undersea environment. The ROV sonar industry is extremely competitive, and many businesses are creating cutting-edge goods. The need for cutting-edge underwater technology is being pushed by the desire to lower costs and increase efficiency in offshore oil and gas exploration, underwater surveys, and marine research. In the upcoming years, it is anticipated that the ROV sonar market size will expand even more as technology develops.

COVID-19 Impact: The Pandemic's Effects On The Market Were Varied, With Certain Industries Seeing A Fall In Demand While Others Seeing A Rise

The pandemic has mostly had a detrimental influence on the ROV sonar market, causing a drop in demand and income. The economic effects of the pandemic have been particularly harsh on the oil and gas sector, which is one of the largest consumers of ROV sonar systems. Lower exploration and production activity have resulted in decreasing demand for ROV sonar systems due to the dramatic drop in oil prices and decreased demand for oil and gas. Similar to this, travel restrictions and lockdowns have had an effect on the maritime research sector, which likewise largely relies on ROV sonar devices. This has decreased the need for ROV sonar systems by limiting research excursions and ocean surveys. The pandemic has, however, had some favourable effects for the ROV sonar industry. Due to the necessity for border and marine security, the need for ROV sonar systems in the defence sector has increased. To assist stop the spread of COVID-19, certain ROV sonar manufacturers have also modified their manufacturing processes to create PPE. In conclusion, the COVID-19 pandemic has had a conflicting effect on the ROV sonar industry, causing demand to rise in certain sectors while falling in others. Market recovery is anticipated when the pandemic abates and industries resume normal operations. 

Latest Trends

"The Trend Towards More Utilization Of AUVs In The ROV Sonar Industry Is Anticipated To Continue As Technology Develops"

In recent years, the market for ROV sonar has seen an increase in the use of autonomous underwater vehicles (AUVs). These vehicles are fitted with cutting-edge sensors and navigation systems that enable them to gather data and carry out a range of activities. They are meant to function underwater without the assistance of humans. The capacity to operate independently is one of the main benefits of AUVs, which makes them ideal for a variety of underwater applications. They can be used, for instance, to conduct scientific research projects, search and rescue operations, and underwater inspections. AUVs are also frequently smaller and easier to handle than conventional ROVs, making them perfect for use in confined places or challenging-to-reach locations. Particularly in the oil and gas sector, where operators may need to check pipes or other underwater infrastructure, this might be helpful. In general, it is anticipated that the market for ROV sonar will continue to see a rise in the usage of AUVs in the years to come. These vehicles are expected to become more more advanced and powerful as technology develops, opening up a greater range of jobs and uses for them. 

ROV Sonar Market Segmentation

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• By type

Depending on ROV sonar given are types: Single Beam Scanning Sonar System, Multi-beam Sonar System, Side Scan Sonar System & Other Sonar System. The Single Beam Scanning Sonar System type will capture the maximum market share through 2031.

• By Application

The market is divided in Scientific Area, Military Area & Other based on application. The global ROV sonar market players in cover segment like Scientific Area will dominate the market share during 2022-2031.

Driving Factors

"The Market For ROV Sonar Systems Is Being Driven By The Increasing Demand For Underwater Surveys"

The requirement for precise and thorough data on underwater habitats across a variety of businesses has increased demand for underwater surveys in recent years. Remotely operated vehicles (ROVs) with sonar systems are one of the best technologies for doing underwater surveys. Due to its capacity to deliver high-quality photos and data of the undersea environment, ROVs outfitted with sonar systems have grown in popularity for underwater surveys. Sonar devices can see underwater items that are undetectable to the human eye by using sound waves to produce pictures of them. The need for ROV sonar systems has increased as a result of the rising demand for underwater surveys. With the development of new technologies, these systems are becoming more sophisticated and advanced while also becoming more accurate and efficient. For instance, some modern ROV sonar systems can now provide 3D views of the undersea environment, giving users even more specific information. The increasing need for underwater surveys is pushing the development of increasingly complex and high-tech ROV sonar systems. The ROV sonar market growth is anticipated to increase significantly over the next several years as more businesses embrace ROV sonar systems.         

"Increasing Demand For Underwater Defence And Other Applications Is Likely To Fuel Market Expansion Over The Next Several Years"

The market for ROV sonar is anticipated to expand due to the demand for undersea defence applications. In defence applications, remotely operated vehicles (ROVs) using sonar technology are frequently employed to find, locate, and identify underwater hazards including mines, submarines, and other possible threats. To travel through murky waters and find targets that are invisible to the naked eye, ROVs employ sonar technology, which uses sound waves to produce pictures of underwater objects. They become a crucial tool for defence applications as a result, especially in areas where marine security is a top priority. Oil and gas, maritime research, and undersea construction are just a few of the businesses that employ ROV sonar technology outside of the defence sector. The ROV sonar market is anticipated to expand as a result of the rising demand for these applications. Overall, it is anticipated that the ROV sonar market growth would expand steadily over the next several years, propelled by rising demand for applications such as undersea defence. The industry is projected to continue to grow, providing new possibilities for businesses that specialize in ROV sonar technology as technology progresses and new use cases are discovered.

Restraining Factors

"Technological Complexity Will Limit The Market's Expansion For ROV Sonar"

The difficulty in correctly interpreting sonar data is one of the major difficulties. Images of underwater objects are produced using sonar technology using sound waves, but the quality of the pictures can vary depending on a number of different conditions, including water depth, temperature, and salinity. It might be difficult to distinguish between various item kinds and to precisely gauge their size and form. Also, in order to use ROVs properly, highly qualified and trained operators are needed. It can be difficult for businesses to find and keep skilled employees because to the time-consuming and expensive training and certification requirements for ROV pilots. Finally, regulatory restrictions can also hinder the ROV sonar market growth. Many countries have strict regulations governing the use of ROVs and the collection of underwater data. Obtaining the necessary permits and complying with these regulations can be a complex and time-consuming process.    In conclusion, even though the ROV sonar business has enormous development potential, there are a number of technological challenges that must be resolved in order to fully realise this promise. To ensure the safe and effective use of ROVs for undersea exploration and research, industry stakeholders will need to innovate, invest, and work together to overcome these issues.

ROV Sonar Market Regional Insights

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"North America Is Anticipated To Maintain Its Leadership Position In The Years Because Of The Rising Need For Cutting-Edge Underwater Imaging Technology "

Throughout the years, the ROV sonar industry in North America has experienced rapid expansion. Underwater robots that can be operated remotely are known as remotely operated vehicles (ROVs). Sonar systems aboard these vehicles employ sound waves to provide photographs of the underwater environment. The growing need for underwater exploration and inspection operations in the area is the main factor driving the North American ROV sonar market share. The region's largest end-user of ROV sonar systems is the offshore oil and gas sector. These systems are employed for offshore drilling rig and platform structural integrity evaluations, seabed surveys, and pipeline inspection. In addition, the requirement for underwater research and development activities is propelling the ROV sonar market in North America. These systems are used by scientists to research geology, oceanography, and marine life. Among others, Kongsberg Maritime, Teledyne Marine, Sonardyne International, Inc., and R2Sonic are some of the market leaders for ROV sonar in North America. To release cutting-edge and ground-breaking ROV sonar systems to the market, these businesses are making significant investments in research and development.

In recent years, the remotely operated vehicle (ROV) sonar industry in Europe has been expanding significantly. Sonar-equipped ROVs are frequently utilised for a variety of tasks, including resource exploitation, oceanographic research, and underwater inspections. The requirement for efficient and effective underwater operations solutions, the rising importance of safety and security in maritime activities, and the growing demand for cutting-edge underwater imaging technologies are some of the reasons driving the ROV sonar market share in Europe. Kongsberg Maritime, a Norwegian business that offers cutting-edge maritime technology solutions for several applications, including ROV sonar, is one of the leading participants in the European ROV sonar industry. A variety of undersea tasks, from pipeline surveys and environmental monitoring to archaeological research and naval defence, utilise the company's sonar equipment, such the HUGIN and the HISAS. The EU's Marine Strategy Framework Directive, which aims to safeguard the marine environment and encourage sustainable use of marine resources, is one legislative and environmental element that has an impact on the European ROV sonar market. Because of this, there is an increasing need for ROV sonar systems that can precisely map and monitor underwater ecosystems as well as find and discover possible dangers and threats to marine life.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• NORBIT (Norway)
• VEINLAND (Germany)
• Raymarine (U.K)
• EdgeTech (U.S)
• Sonavision Ltd (U.K)
• Echologger (Canada)
• Shark Marine Technologies Inc. (Canada)
• Blue Robotics Inc (U.S)
• Imagenex Technology Corp. (Canada)
• Impact Subsea Ltd (U.K)
• Ultra Electronics (U.K)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.