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

The Autonomous Underwater Vehicle (AUV) Manufacturing industry has experienced robust growth over the past five years. Despite federal funding for defense declining over the five years to 2017, industry revenue has still increased, as the military maintained its focus on AUVs despite cutting spending in other areas. The industry has also generated some of its fastest growth from oil and gas companies, which have increasingly used AUVs for various functions. Over the next five years, the AUV Manufacturing industry is expected to continue its double-digit growth, supported by further demand from the oil sector and the government...purchase to read more.

Industry Statistics & Market Size
Revenue
$459m
Annual Growth 12-17
18.3%
Forecast Growth 17-22
Profit
Employment
1,456
Businesses
13

Industry Threats & Opportunities

  • Over the next five years, the AUV Manufacturing industry is expected to continue its double-digit growth
  • The AUV market has undergone a high degree of technological change over the past five years
  • The Autonomous Underwater Vehicle Manufacturing industry is forecast to exhibit growth
  • Industry Report - Industry Products Chapter

    AUVs are highly customized to the application needs of downstream buyers but generally use 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. While smaller AUVs make up the majority of unit sales, large AUVs still account for a greater share of industry revenue due to their higher unit costs. Industry products and services can also be broken down by their stage in development. Due...purchase to read more.

    Additional Insights for the Autonomous Underwater Vehicle Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Autonomous Underwater Vehicle Manufacturing Industry are

  • Access to highly skilled workforce
  • Ability to quickly adopt new technology
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Federal funding for defense and Research and development expenditure in the Autonomous Underwater Vehicle Manufacturing industry impact industry performance..

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    What's in this report

    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 water
  • AUVs operating in up to 200m of water
  • AUVs operating in greater than 200m of water
  • Industry Activities
  • Providing AUV maintenance services
  • Manufacturing AUVs for depths less than 200m
  • Manufacturing AUVs for depths greater than 200m
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for defense
  • Research and development expenditure
  • US oil and gas production index
  • Internet traffic volume

  • Current Performance
  • Rising demand
  • Technology change
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • More demand growth
  • Industry structure
  • Table: Autonomous Underwater Vehicle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Autonomous Underwater Vehicle Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Scientific Research & Development
  • Public Administration
  • Colleges & Universities

  • Key Selling Industries
  • Circuit Board & Electronic Component Manufacturing
  • Computer Manufacturing
  • Iron & Steel Manufacturing
  • Molybdenum & Metal Ore Mining
  • Semiconductor & Circuit Manufacturing

  • Products & Services
  • AUVs operating in up to 200m of water
  • AUVs operating in greater than 200m of water
  • AUVs operating in up to 30m of water
  • Chart: Autonomous Underwater Vehicle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Military/Security market
  • Research market
  • Commercial market
  • Chart: Major Market Segmentation for the Autonomous Underwater Vehicle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitLaborPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Autonomous Underwater Vehicle Manufacturing

  • Basis of Competition
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Autonomous Underwater Vehicle Manufacturing Industry

  • Industry Globalization
    Lockheed Martin Rotary and Mission Systems, Kongsberg Maritime, General Dynamics Mission Systems,
  • Table: Lockheed Martin Rotary and Mission Systems - financial performance
  • Table: Kongsberg Maritime - financial performance
  • Table: General Dynamics Mission Systems - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Autonomous Underwater Vehicle Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Autonomous Underwater Vehicle Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Federal funding for defense (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Autonomous Underwater Vehicle (Auv)
  • An underwater vehicle that operates independently of a supporting boat through automated guidance systems and sensors for a range of military, scientific research and commercial applications.
  • Littoral Combat Ship (Lcs)
  • A US Navy class of combat ships designed for close to shore operations.
  • Remotely Operated Vehicle (Rov)
  • A tethered submersible vehicle supplied with power and controlled directly by a remote operator.
  • Tethered Submersible
  • A vessel that is controlled from the surface by a tether or cable.
  • What Our Customers Say

    Why buy this report?

    The Autonomous Underwater Vehicle Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Autonomous Underwater Vehicle Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Autonomous Underwater Vehicle Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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