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Autonomous Underwater Vehicle Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Autonomous Underwater Vehicle Manufacturing Market Research Report | Industrial Machinery, Gas & Chemicals | Specialized Vehicle Manufacturing | Aug 2014

Deep success: Ongoing product improvements and increasing commercial use will spur growth

IBISWorld’s Autonomous Underwater Vehicle Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Bluefin Robotics Bluefin Robotics market share
GDAIS GDAIS market share
Kongsberg Maritime Kongsberg Maritime market share
Industry Statistics & Market Size
Revenue
$174m
Annual Growth 09-14
12.7%
Annual Growth 14-19
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Profit
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Employment
610
Businesses
9
Industry Analysis & Industry Trends

The Autonomous Underwater Vehicle (AUV) Manufacturing industry is dominated by a few small firms. 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 growing rapidly. 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 Products Chapter

AUVs are highly customized to the application needs of downstream buyers but generally utilize a similar torpedo design. They have a high initial price tag, averaging about $1.0 million with higher-end models with greater functionality costing considerably more. There is a low level of product differentiation, although new product innovations that improve AUVs functionality, durability, length of operation and reduce their costs have been a key driver of industry growth over the past five years. According to Duke University Research, the majority of AUVs in operation were produced between 2001 and 2005 and about 70.0% were designed for water depths less than 200 meters, indicating the importance of small, shallow water AUVs for applications in various downstream markets... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Autonomous Underwater Vehicle Manufacturing Industry?

This industry includes companies that manufacture autonomous underwater vehicles (AUVs), which are vessels that travel underwater without an operator and with its own power source. AUVs are used for commercial purposes, mainly in the oil and gas industries, military use and research purposes.

Industry Products
AUVs operating in up to 30m of waterAUVs operating in up to 200m of waterAUVs operating in greater than 200m of water
 
Industry Activities
Providing AUV maintenance servicesManufacturing AUVs for depths less than 200mManufacturing AUVs for depths greater than 200m


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