Page 6: of Marine Technology Magazine (March 2007)

6 MTR March 2007

L ike most every sector of the subsea technology business, the market for Autonomous Underwater Vehicles (AUV) and

Remotely Operated Vehicles (ROV) have been on a techno- logical tear of late, with developers and manufacturers of vehicles and accessories delivering a virtual non-stop onslaught of more reliable, efficient and cost-effective systems. Growth is rampant, and most manufacturers are reporting full orderbooks and the need to add technical staff. (Growth in the market is illustrated perfectly by the two photos below, submitted by Hydroid’s Kevin

McCarthy, which illustrate the growth of Hydroid over the past three years.)

Following the tried-and-true lessons of Economics 101, a growing capability to supply systems is being driven by strong demand for more advanced systems that can dive deeper, work longer and gather volumes of data seamlessly, whether it be for a user in the military, oil and gas industry or academia.

Given that March is MTR’s annual AUV/ROV edition, we were afforded invaluable insights from a large number of system users and manufacturers, insights that we share with you starting on page 24.

P.S. Marine Technology Reporter extends its congratulations to Seaeye Marine Ltd. for winning the free booth from MTR at OceanTech Expo. Ocean Tech Expo has moved its dates to

September 5-7, 2007, in Providence, RI. Read more at www.oceantechexpo.com. editorial

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Hydroid then (left, in 2003), and now (right, in 2006) helps to illustrate AUV market growth.

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