According to Cognitive Market Research, the global Observation Mini ROV market size will be USD 11452.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 4580.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3435.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2634.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 572.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 229.04 million in 2024 and will rise at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The oil and gas industry category is the fastest growing segment of the Observation Mini ROV industry
