The offshore support vessels market is expected to reach US$12.235 billion by 2023, increasing from a projected market size of US$10.203 billion in 2018, growing at a CAGR of 3.70% during this period. The market for offshore support has seen high development as of recent years, determined by a strong incline in exploration exercises reinforced by expanding demand for oil owing to expanded industrialization and manufacturing activities and growing urbanization.