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Electric Boats, Small Submarines and Autonomous Underwater Vehicles (AUV) 2014-2024

Marine electric vehicles are now a rapidly growing market due to new capability, affordability and legislation banning or restricting internal combustion engines


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18.11.2014 08:26:02 - Electric Boats, Small Submarines and Autonomous Underwater Vehicles (AUV) 2014-2024 - a new management reports on companiesandmarkets.com

(live-PR.com) - Marine electric vehicles make new things possible and increasingly they have lower cost of ownership and are the only practicable way of meeting the newer, more onerous pollution regulations for inland waterways and harbours. Marine electric craft are increasingly made by existing shipyards making conventional craft but there is also a trend for those making land or airborne electric vehicles

 

to make marine ones as well. Sometimes we see Apple levels of innovation with new entrants, something notably absent with such things as electric cars. As with all electric vehicles, the advances in the components in these vehicles and their infrastructure are proceeding disruptively rather than incrementally.

Electric vehicles have much in common but, until now there was no easy way for vehicle and component manufacturers to assess all the markets and technology in order to spot opportunities, particularly in sectors such as marine.

Marine electric vehicles are now a rapidly growing market due to new capability, affordability and legislation banning or restricting internal combustion engines. The market for electric water craft, including those on and under water, will increase rapidly from $2.6 billion in 2013 to $7.3 billion in 2024. In addition there is a market for electric outboard motors that will more than triple in value as high power pure electric versions become increasingly viable. There is also a new market for water borne electric aircraft.

The military aspect for example is very concentrated in the USA and involves small numbers and large unit prices until such things as swarming robot jellyfish become a reality. Water borne electric aircraft and the hybridisation of ocean going leisure yachts are impressive in Europe, where the leader in AUVs is located. Some of the most advanced pure electric and fuel cell hybrid AUVs are in India and Japan.

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