Industry Analysis & Industry Trends
The Autonomous Underwater Vehicle (AUV) Manufacturing industry is dominated by a few small operators. AUVs have historically been used for a limited number of tasks due to the technology available. However, as uses are increasing with better technology, the industry is rapidly growing. Strong revenue growth will continue over the next five years as AUVs are increasingly used in commercial scenarios.... purchase to read more
Industry Report - Industry Analysis Chapter
The Autonomous Underwater Vehicle (AUV) Manufacturing industry is a relatively young industry. First developed in the 1960s, the industry recorded its first sale in 1985. Since then, the industry has experienced strong growth as AUV usage has expanded to more commercial, scientific and military applications. In particular, AUV systems are being increasingly funded by the US military, as well as the oil and gas market. In the five years to 2016, IBISWorld estimates that industry revenue will increase at an average annual rate of 15.7% to $327.7 million. This includes projected growth of 15.6% in 2016.
Underwater vehicles can be broadly classified into manned and unmanned systems... purchase to read more