Global Remotely Operated Vehicle Market Is Expected to Reach $5.15 Billion by 2025; Finds New Report
Remotely Operated Vehicles (ROVs) are unoccupied underwater robots, connected to an operator via a series of cables which transmit command and control signals to and from the underwater vehicle and the operator, allowing remote navigation of the vehicles. The evolution of ROV technology has resulted in the ever-growing application in oil & gas industry, military/defense, scientific research and other sectors. Global total Capex (capital expenditure) of ROVs in 2025 will advance to $5.15 billion.
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