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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 | Apr 2016

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

IBISWorld’s Autonomous Underwater Vehicle Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
General Dynamics Mission Systems General Dynamics Mission Systems market share
Kongsberg Maritime Kongsberg Maritime market share
Lockheed Martin Mission Systems and Training Lockheed Martin Mission Systems and Training market share
Industry Statistics & Market Size
Revenue
$328m
Annual Growth 11-16
15.7%
Annual Growth 16-21
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Profit
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Employment
1,480
Businesses
15
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

 


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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