The autonomous
underwater vehicle (AUV) market (without payload) is projected to grow from USD 638
million in 2020 to USD 1,638 million by 2025; it is expected to grow at a CAGR
of 20.8% from 2020 to 2025. AUVs are widely used in the oil & gas industry
for oil & gas reserve exploration and pipeline monitoring applications.
Increase in the capital expenditure in the offshore industry is a key driver
fueling the growth of the AUV market. AUVs reduce operational costs by
eliminating the requirement of surface vessels for assistance. They also
provide longer endurance than human divers. These vehicles can also be
efficient in harsh environmental conditions.
Although the AUV
market is growing at a significant pace, it is becoming increasingly
competitive owing to the emergence of new regional players such as Rovco (UK)
and Hydromea SA (Switzerland), as well as major players launching new products
in the market and expanding their reach to new regions. Key strategies adopted
by these players to enhance their product portfolios, increase their share, and
expand their presence in the market mainly include new product launches,
partnerships, and collaborations. In September 2019, Bluefin Robotics (US)
launched Bluefin 12 AUV. Bluefin 12 has 4,000 cubic centimeter - payload
sections, which make it highly modular and adaptable with a wide range of
applications. In October 2019, Kongsberg Maritime (Norway) and MAN Energy
Solutions (Germany) signed a memorandum of understanding with the purpose of
exploring the potential for collaboration on a common data infrastructure for
the maritime sector. This collaboration is expected to broaden the value
offerings for the vessel operators, improve return on investments in digital
solutions, and increase the adoption of secure connectivity among various
products offered by Kongsberg Maritime. In January 2020, Fugro (Netherlands)
partnered with the Colombian Maritime Authority for an environmental seep
hunting study. The study aims at observing shallow seabed sediment coring,
geochemical analyses, and seabed heat flow measurements.
Kongsberg Maritime
is focusing on deepwater AUVs with depth ratings of more than 1,000 m. For
instance, the company sold off its subsidiary Hydroid (US), which offers REMUS
AUVs. These AUVs are used for depth ratings of 100 m, 300 m, and 600 m. In
2018, the Americas held a share of ~17% of the overall revenue of the company.
It would be beneficial for the company to increase its presence in the Americas
since the US holds the largest defense forces in the world. In the current
market, the company is well profiled with its AUVs offering all features, but
in the future, companies (for instance, Hydromea (US)) with disruptive
technologies such as swarm technology can be a threat to Kongsberg Maritime. A
few of the subsidiaries of Kongsberg Maritime, which cater to the AUV
marketspace, are Kongsberg Evotec AS (Norway), Kongsberg Maritime Controls GmbH
(Germany), Kongsberg GeoAcoustics (UK), and Kongsberg Mesotech (Canada).
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Bluefin Robotics
aims to differentiate itself by offering highly customizable and modular AUVs,
which can cater to a wide number of applications. For instance, the company
manufactures Bluefin 12 AUV with a payload section of 4,000-cubic centimeters,
making it highly modular. Bluefin Robotics is also differentiating itself by
manufacturing lightweight AUVs, which are expected to reduce the energy
consumption and, thereby, their operational costs. For instance, it
manufactures Bluefin SandShark for depths of up to 200 m that weighs just 5.12
Kg as compared with its competitor, Gavia AUV, which offers AUVs weighing
between 50 and 130 Kg. The company has adopted the strategy of outsourcing to
acquire the latest technologies. For instance, in 2014, Bluefin Robotics
collaborated with Sonardyne International Ltd. (UK) to provide the newest
generation of search and classify side-scan sonar with integrated swath
bathymetry sonar incorporated into the Bluefin-12 AUV. The company offers
R&D, technology integration, full-scale manufacturing, platform training,
and operational support to its customers worldwide. It provides customized
batteries and AUV accessories, test fixtures, testing tanks, and specialized
equipment. Bluefin Robotics offers its products & services to various
industries, including defense, commercial, and scientific research. It has
expertise in advanced materials, systems, and technologies, and supports their
implementation in real-life operating conditions.
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