| Product Code: ETC7552311 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s import shipments of remotely operated vehicles (ROVs) in 2024 saw significant contributions from top exporting countries such as Russia, Netherlands, USA, Canada, and Finland. With a low Herfindahl-Hirschman Index (HHI) indicating a dispersed market, the industry experienced a strong compound annual growth rate (CAGR) of 13.04% from 2020 to 2024. The impressive growth trend continued into 2024 with a notable growth rate of 68.33%, showcasing the increasing demand for ROVs in India`s market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India ROV Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India ROV Market Revenues & Volume, 2021 & 2031F |
3.3 India ROV Market - Industry Life Cycle |
3.4 India ROV Market - Porter's Five Forces |
3.5 India ROV Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India ROV Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India ROV Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for underwater exploration and research activities in India |
4.2.2 Technological advancements in remotely operated vehicles (ROVs) leading to enhanced capabilities |
4.2.3 Growth in offshore oil and gas exploration activities in Indian waters |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with ROVs |
4.3.2 Lack of skilled operators and technicians for operating ROVs effectively in India |
4.3.3 Regulatory challenges and compliance requirements in the Indian marine industry |
5 India ROV Market Trends |
6 India ROV Market, By Types |
6.1 India ROV Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India ROV Market Revenues & Volume, By Types, 2021- 2031F |
6.1.3 India ROV Market Revenues & Volume, By Observation ROVs, 2021- 2031F |
6.1.4 India ROV Market Revenues & Volume, By Work Class ROVs, 2021- 2031F |
6.1.5 India ROV Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India ROV Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India ROV Market Revenues & Volume, By Oil And Gas, 2021- 2031F |
6.2.3 India ROV Market Revenues & Volume, By Defense, 2021- 2031F |
6.2.4 India ROV Market Revenues & Volume, By Others, 2021- 2031F |
7 India ROV Market Import-Export Trade Statistics |
7.1 India ROV Market Export to Major Countries |
7.2 India ROV Market Imports from Major Countries |
8 India ROV Market Key Performance Indicators |
8.1 Average utilization rate of ROVs in Indian waters |
8.2 Rate of adoption of advanced ROV technologies in the Indian market |
8.3 Number of partnerships and collaborations between ROV manufacturers and Indian companies |
8.4 Percentage of ROV downtime due to maintenance or technical issues |
8.5 Level of compliance with safety and environmental regulations in ROV operations in India |
9 India ROV Market - Opportunity Assessment |
9.1 India ROV Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India ROV Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India ROV Market - Competitive Landscape |
10.1 India ROV Market Revenue Share, By Companies, 2024 |
10.2 India ROV Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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