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Kongsberg Maritime AS (Norway) and Teledyne Marine Systems Group are Leading Players in Autonomous Underwater Vehicles Market
The AUV market has witnessed enormous developments in the past few years. The North American region is expected to capture the largest market share in 2016, and the market in the APAC region is expected to grow at the highest rate between 2016 and 2022. Hence, these are the major regions wherein AUV technology is expected to witness maximum growth. This is because of the presence of the large number of manufacturing companies in these regions, and also the two regions have seen number of deployments in the recent past. The AUV market is highly competitive with a number of big players and small players.
Till 2016, the AUV market was dominated by Kongsberg Maritime AS (Norway), Teledyne Gavia ehf. (Iceland), Bluefin Robotics Corporation (U.S.), ECA Group (France), and Saab Group (Sweden). Contracts & agreements and new product launches were the prevailing strategies adopted by the top players to capture a larger share in the AUV market.
Top 2 players in the AUV market:
Kongsberg Maritime AS (Norway), being one of the market leaders for AUVs, has a well-established product portfolio. The company, with the help of its subsidiaries, has been successfully meeting its customer needs from Europe, America, and also APAC. The company follows the strategy of consistently improving the efficiency and productivity of its products throughout the value chain. Kongsberg Maritime AS has made significant investments in the development of cost-effective products and system solutions. The company focuses on establishing a strong market position in all of its segments and developing after-market activity and service portfolio. The company‘s research and development activities have helped them achieve success in the currently growing market. The company and its subsidiaries adopted the strategy of new product launches in 2016, and the same trend is likely to continue throughout the year. For example, in March 2016, Hydroid, Inc. (U.S.) launched new-generation REMUS 100 AUV/marine robot.
The Teledyne Marine Systems Group, including Teledyne Benthos, Teledyne Webb Research, and Teledyne Gavia, has a rich experience in the marine sector. Teledyne Gavia provides AUV solutions to customers undertaking a variety of tasks for defense, commercial, and scientific applications. The company offers a variety of products designed for use in harsh underwater environments. The company invested a total amount of USD 428.8 million in 2014, USD 388.2 Million in 2013, and USD 364.2 Million in 2012 in research and development to enhance its technological capabilities and facilitate new product launches. Also, the company has adopted the strategy of acquisitions to expand its business footprint. In 2014, the company acquired SeaBotix (U.S.) to expand its operations in undersea vehicles and subsea infrastructure.
Autonomous Underwater Vehicles Market by Type (Shallow, Medium, and Large AUVs), Technology (Collision Avoidance, Communication, Navigation, Propulsion, Sonar, and Imaging), Application (Oil & Gas, Oceanography, Military & Defense) - Global Forecast to 2022
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