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 SWOT Analysis Chapter
The Autonomous Underwater Vehicle Manufacturing (AUV) industry is in the growth stage of its life cycle. In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to rise at an annualized rate of 14.9%. Comparatively, GDP is forecast to rise at an average annual rate of 2.5% over the same time frame. Typically, IVA growth that far ahead of GDP growth indicates a growing industry.
Another indicator of the industry's growth is the high rate of technological change. Advancements in computing power and the capability and miniaturization of AUV components such as cameras, sonars and sensors have made AUVs far more capable and practical for commercial and military use, as well as less expensive... purchase to read more