Global AUV Fleet set to Increase Substantially

press release
Thursday, February 23, 2012

Douglas-Westwood: The AUV market will continue to be dominated by North American activity; Military and research sectors to have 90% market share by 2016.


The global AUV fleet is increasing and demand for autonomous underwater vehicles is expected to show steady growth over the period to 2016 according to a new report by Douglas-Westwood. Report author Paul Newman commented, “Many of the factors in the drive to using unmanned military aircraft, the so-called ‘drones’ also apply to both military and civil subsea operations. “When Douglas-Westwood’s first World AUV Market Forecast was launched in 2004, 92 AUVs had been built; the new 4th edition identifies some 560 and forecasts an additional 370 units will be in use by 2016. As AUV technology continues to improve, their use is expected to become more widespread opening up markets in regions where AUVs is currently less commonplace.


The rate of AUV build has been in the order of 50 units per year, but this is expected to double to around 100, with around 930 active in five years’ time.” “North America will continue to dominate the business, driven by expenditure on both military and research AUVs. Latin America will, however, be the fastest growing user region, although from a small base, as a function of significant investment in deepwater oil & gas exploration and production offshore Brazil.”
 

Douglas-Westwood’s Chairman, John Westwood, concluded, “The importance of the military and research sectors to the AUV business is set to continue. Overall military budget reduction, vessel fleet downsizing and upgrading and a change in typical mission profile is also driving a great deal of demand for these unmanned systems. However, new applications such as site surveys for marine renewable energy projects and life of field inspection systems for the offshore oil & gas sector are expected to emerge from 2012 onwards.”
 

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

People & Company News

Coast Guard Foundation to Honor USCG in Miami

The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Maritime Broadband Opens Office in Greece

Maritime Broadband has expanded its worldwide footprint by opening an office, Maritime Broadband Hellas, in Athens, Greece. The new office addresses the growing

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Offshore

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Total CEO Killed in Moscow Runway Accident

Private jet collided with snow plow during takeoff; Total's CEO a defender of Moscow policies. Insiders Boisseau and Pouyanne long seen as potential successors.

Statoil: New Oil in the Grane Area

Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea.   Well 25/8-18 S, drilled by the rig Transocean Leader,

Energy

PES to Begin Operating Benzene Terminal in November

Philadelphia Energy Solutions plans to start operating a new benzene offtake terminal next month at its 335,000-barrel-per-day refinery in Philadelphia, two people familiar with the plans said.

Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have

Renewable Energy: Schottel Tidal Turbines Ready For Use

In the last months Schottel  successfully tested its hydrokinetic turbines in Strangford Lough, Northern Ireland. The full-scale tests included 260 operating hours under realistic conditions.

Marine Equipment

B COOL Acquires MEMAC

With the acquisition of MEMAC, B COOL A/S now offers customers one entry to multiple maritime systems – both refrigeration solutions and monitoring of the engine

TRIYARDS Buys into Aluminium Shipbuilding Expertise

TRIYARDS Holdings Limited, an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has added new capabilities, products

Singapore’s MPA Discuss LNG Bunkering

The Maritime and Port Authority of Singapore (MPA), Antwerp Port Authority, Port of Rotterdam and Port of Zeebrugge participated in a Liquefied Natural Gas (LNG)

Consulting

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

Northrop Grumman Sponsors Maritime RobotX Challenge

Northrop Grumman Corporation is expanding its support for science, technology, engineering and math (STEM) education across the globe by sponsoring the Maritime RobotX Challenge in Singapore, Oct.

COWI NA Merges its Marine Companies

Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc. merger creates new player in the North American marine engineering market COWI North America, Inc.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Sonar
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: 0.1846 sec (5 req/sec)