Friday, 4 April 2014

Global AUV Fleet to increase 42% by 2018

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. These are findings from DW’s 5th edition of the World AUV Market Forecast which covers the key commercial themes relevant to players across the value chain in all AUV sectors. “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’," said report author, Eduardo Ribeiro. “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.”