Autonomous Underwater Vehicle Manufacturing
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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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