South Korea Subsea & Offshore Services Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The South Korea Subsea & Offshore Services Market is a vital sector within the country's growing maritime and energy industries. The market has seen significant growth due to the increasing demand for subsea and offshore infrastructure services, driven by sectors like oil and gas, renewable energy, and shipbuilding. The rise of deepwater exploration, coupled with the demand for energy independence, has created new opportunities for innovative technologies and services to thrive. South Korea, known for its advanced shipbuilding and offshore engineering capabilities, has become a key player in this global market.
One of the primary applications of the South Korea Subsea & Offshore Services Market is the installation, maintenance, and repair of subsea pipelines and offshore platforms. These services are essential to ensuring the safe and efficient operation of offshore oil and gas fields, especially in deeper and more challenging environments. The country’s expertise in underwater welding, ROV (Remotely Operated Vehicle) operations, and subsea construction has made it a trusted partner for international energy companies.
The demand for subsea services in South Korea has been bolstered by the increasing interest in offshore renewable energy projects, such as floating wind farms and tidal energy systems. South Korea’s government is also promoting initiatives to enhance the country’s offshore wind capabilities, further driving the need for specialized subsea and offshore services. This includes the construction of subsea cables, mooring systems, and other essential infrastructure for offshore energy production.
Industries requiring subsea and offshore services are highly diverse. Oil and gas companies are leading the demand, but sectors such as renewable energy, marine infrastructure, and telecommunications also play a significant role. The South Korea Subsea & Offshore Services Market is seeing growth in the demand for innovative solutions such as autonomous underwater vehicles (AUVs) and advanced seabed intervention technologies. These innovations aim to improve safety, efficiency, and environmental sustainability in offshore operations.
With the rapid technological advancements and the increasing emphasis on environmental considerations, South Korea is poised to remain a leader in subsea and offshore services. The ability to meet the requirements of these demanding industries will continue to fuel growth in the market, solidifying South Korea’s position as a global hub for subsea expertise.
Get an In-Depth Research Analysis of the South Korea Subsea & Offshore Services Market Size And Forecast [2025-2032]
Â
DeepOcean
Sembcorp
Keppel Corporation
PT.Offshore Services Indonesia (OSI)
Marine B.V
ITC Global
SBSS
Hornbeck Offshore Services
Acteon
Island Offshore
SeaZip
Goliath Offshore Services Limited
Astro Offshore
Havila Shipping
EMAR Offshore Services BV
Kreuz Subsea
Zamil Offshore
Rawabi Vallianz Offshore Services (RVOS)
GulfMark
Northern Offshore Services
MMA Offshore
Makamin Offshore Saudi Ltd
Bourbon Offshore
Calpac Maritime Services Ltd.
Jan De Nul Group
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea Subsea & Offshore Services Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Subsea & Offshore Services Market
Inspection, Maintenance, and Repair (IMR)
Subsea Umbilicals, Risers, and Flowlines (SURF)
Drilling Services
Decommissioning
Engineering and Construction
Subsea Installation
Offshore Platform Services
Subsea Well Intervention
Survey and Mapping Services
Underwater Robotics
Fixed Platform
Floating Production System
Subsea Production System
Jack-Up Rigs
Others
Construction Vessels
Offshore Support Vessels
Drilling Rigs
Specialized Offshore Vessels
Subsea Survey Vessels
Subsea Production Systems
Flowlines, Risers, and Umbilicals
Subsea Manifolds and Control Systems
Blowout Preventers (BOP)
Subsea Trees
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea Subsea & Offshore Services Market Research Analysis
1. Introduction of the South Korea Subsea & Offshore Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Subsea & Offshore Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Subsea & Offshore Services Market, By Type
6. South Korea Subsea & Offshore Services Market, By Application
7. South Korea Subsea & Offshore Services Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Subsea & Offshore Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/