Global AUV Fleet to Increase 42% by 2018

MarineTechnologyNews.com
Wednesday, April 02, 2014
Image courtesy of Chris German, Woods Hole Oceanographic Institution

Douglas-Westwood (DW) forecast that the global AUV (autonomous underwater vehicle) fleet will increase 42% in the 2014-2018 period, compared to the previous five years. The fleet is forecast to total 825 units in 2018, led by strong demand in the military sector.

The military sector makes up 50% of AUV demand, with North America accounting for 75% of this market in 2014. However, this market share may decrease to 70% by 2018, as emerging economies increasingly invest in their military fleets. Overall growth of military demand in AUVs closely mirrors the investment in unmanned aircraft – so called ‘drones’.

Increasing environmental awareness continues to drive demand for use of AUVs on research activities, with environmental sensing and research mapping combined forming approximately 47% of the current AUV fleet. However, the research sector may represent a smaller proportion of the market by 2018, as commercial activities gain pace.

Highest growth is expected to come from the commercial sector, but from a small base, more than doubling its proportion of active units during the forecast period (from 3% to 8%). Key developments have taken place in areas such as sensing, battery endurance and tracking stability, which allow a wide range of applications to emerge in the offshore oil and gas industry (life-of-field, pipeline inspections and rig moves) also in civil hydrography, in addition to existing work in site and pipeline route surveys.

North America will continue to dominate global AUV expenditure, predominantly on military unmanned technology, although the region’s market share is forecast to decrease from 64% in 2014 to 60% by 2018. Africa and Latin America are set to experience the highest growth, driven by deepwater oil & gas activities in pre-salt areas. Demand in Asia will be varied with research activities in Japan, deepwater expenditure in India, Indonesia and Malaysia and military investment in China.

douglas-westwood.com

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

SGS Wet Welding Repairs Approved by DNV GL

DNV GL and Subsea Global Solutions LLC (SGS) say that they have completed an extensive joint research and development program, that will allow permanent repairs

Navy Unmanned Aircraft Sets the Bar

The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea
,

Nanotechnology & Big Data: New Review

A report commissioned by the Lloyd’s Register Foundation, reviewing the potential implications of nanotechnology on the safety and performance of engineering assets

Environmental

Panama Canal Generates VER Carbon Credits

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Cavernous Swiss Power Plant Undermined by Renewable Energy

Deep in a Swiss mountain, workers have blasted out a cathedral-sized hole for a power plant that will help keep Europe's lights on, but the profit outlook for the 1.

News

USCG, National Park Service Rescue Sea Turtle

Members from the U.S. Coast Guard and National Park Service rescued a loggerhead sea turtle Sunday in Oregon Inlet. Watchstanders at Coast Guard Sector North Carolina

Bulk Equipment is Delivered to Syzran Refinery

A reactor and a cold high-pressure separator is delivered to the site of Rosneft subsidiary Syzran Refinery for the constructed diesel hydro-treater. The unit

Achinsk Refinery Resumes Operation on Tight Schedule

Achinsk Oil refinery, suspended after the incident of June 15, 2014 has recovered the processes of primary crude oil processing on a tight schedule, according to the plan of repair activities.

Unmanned Vehicles

Navy Unmanned Aircraft Sets the Bar

The Navy's X-47B unmanned aircraft has completed its final test aboard 'USS Theodore Roosevelt' (CVN 71) and has returned to its home base at Naval Air Station Patuxent River after eight days at sea
,

Navy Autonomous Underwater Vehicle Delivery Milestone

Commander, Submarine Development Squadron 5 (CSDS 5), Detachment UUV, informs of the delivery of Large Training Vehicle 38 (LTV 38), an unmanned undersea vehicle (UUV),

Statoil Claims Mokul Nordic for North Sea Charter

Nordic Maritime’s latest fleet addition wins first work with energy giant. Nordic Maritime has announced its newest DP2 vessel, Mokul Nordic, has been contracted

Underwater Engineering

SGS Wet Welding Repairs Approved by DNV GL

DNV GL and Subsea Global Solutions LLC (SGS) say that they have completed an extensive joint research and development program, that will allow permanent repairs

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1847 sec (5 req/sec)