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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 Your Marine Technology One-Stop-Shop www.seadiscovery.com Log on everyday and receive: • Daily News Exclusive Product & Technology Reports New Job Listings Or, join thousands of your colleagues and sign up for our weekly NEWS & JOB Updates via E-mail. It’s Fast ... and FREE! Subscription: To subscribe please visit www.seadiscovery.com/subscribe All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or otherwise without the prior written permission of the publishers. Marine Technology Reporter is published monthly except for February, August, and December by New Wave Media, 118 E. 25th St., New York, NY 10010-2915. Periodicals Postage at New York, NY and additional mailing offices. POSTMASTER: Send address changes to MARINE TECHNOLOGY REPORTER, 118 E. 25th St., New York, NY 10010-2915. Postmaster send notification (Form 3579) regarding undeliverable magazines to Marine Technology Reporter, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material. ©2007 New Wave Media. 118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271 Vol. 50 No. 2 ISSN 1559-7415 USPS# 023-276 www.seadiscovery.com Member Business Publications Audit of Circulation, Inc. Hydroid then (left, in 2003), and now (right, in 2006) helps to illustrate AUV market growth. MTR#2 (1-16).qxd 3/2/2007 3:34 PM Page 8