Latest news with #AUV
Business Wire
2 days ago
- Business
- Business Wire
Compass Precision Purchases Pocasset Machine
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Kent Family has come full circle with their ownership of Pocasset Machine Corporation. Al Kent bought the company, which was a two-man tool & die shop in Waltham, Massachusetts at the time, from a friend who was close to retirement in 1977. His two sons, Barry and Chris, successfully operated and grew the company for nearly five decades. But now ready to retire themselves, they are officially selling Pocasset Machine. Compass Precision, LLC a Charlotte-based manufacturer of custom, close-tolerance metal components for mission-critical applications, announced Monday that it has acquired Pocasset Machine Corporation in Pocasset, MA from the Kent family. Barry and Chris are expected to remain with Pocasset Machine through the transition phase. After that, Compass will replace both men with the rest of the company's staff remaining intact. Pocasset Machine will become the ninth operating company under the Compass umbrella, and the fifth situated outside the Charlotte area, location of the company's headquarters. 'We are thrilled to be joining forces with Pocasset Machine,' explained Bill Canning, Compass's President & Chief Operating Officer. 'Barry and Chris have developed a terrific niche CNC machining business focused mostly on serving the autonomous underwater vehicle (AUV) market, some of which is concentrated on and near Cape Cod.' 'We see many opportunities to grow Pocasset as an integral portion of Compass,' added Jim Miller, Compass's Vice President of Sales. 'Compass loves to acquire shops with differentiated capabilities serving mission-critical markets. Pocasset Machine is all of that and more. They are a great fit for us.' Two years after Al bought the company, the Kents began moving the machine shop to Cape Cod. While most people view the Cape as a tourist destination, Al and his sons saw a business opportunity. 'I checked it out with the associated industries of Massachusetts and found that this corner of the state could use a machine shop,' Al said. 'It was thought of mostly as a vacation spot, but the oceanographic industry spawned a lot of small company spinoffs.' 'We were familiar with the Cape. Everything we made back then was small, location wasn't all that important,' Chris said. 'So, we had the bright idea of over a few months, slowly moving everything out to the Cape.' On the cape, the machine shop became an intricate supplier in Oceanographic instrument products and scientific research. Many decades later, that led to the development of the AUV market, which Pocasset Machine is heavily involved in today. Barry began working at the company immediately in 1977. Chris started a few years later after high school. The two brothers learned under the company's previous ownership – the Paquette brothers. Barry and Chris assumed leadership roles at Pocasset Machine in the early 1980s. Al transitioned from his previous manufacturing company, Millipore, to Pocasset by 1983. He brought Millipore work with him, but he mostly stayed 'out of the way,' as he described it, to allow his sons to operate the company. Pocasset fits Compass' operating model, which has proven highly effective in integrating and supporting geographically dispersed operating units. Compass particularly emphasizes numerous cross-selling and cross-sourcing opportunities to enable each operating company to succeed in ways not possible by itself. Pocasset had other potential buyers, but the Kents saw Compass as the best fit. 'They speak our language. They know what a job shop life is,' Barry said. 'Until you have lived that life, you can try to explain to people what you do, but they really don't understand it until you've lived it. It's a pretty unique life, good or bad.' The Kent family members expressed how proud they are that Compass wanted to acquire the shop. They are looking forward to Compass continuing their traditions to help the machine shop continue to grow and prosper. 'Chris and Barry have grown this unbelievably successful company. They have done a great job, and we have a lot of really nice employees,' Barry's wife, Vicky, said. 'Because of that, we wanted to make sure that the company lived on and continued and didn't just close up and end what they had worked so hard for. 'So, that's the very, very important part of it. 'With Compass, the type of company that they are, adding Compass' family, friends, employees, is what we were looking for too.' Chris sees Compass taking Pocasset Machine to the next level. Al stressed how important it will be for Compass to keep the machine shop's integrity, which he is confident the parent company will be able to do. 'I'd like to see that integrity factor that Pocasset Machine has developed to continue working under the Compass umbrella,' said Al. Compass Precision was formed with the acquisition of Advanced Machining & Tooling, LLC; Quality Products & Machine, LLC; and Tri-Tec Industries, LLC in October 2019. In August 2020, Compass added Gray Manufacturing Technologies, LLC as its first add-on acquisition. Seven months later, Douglas Machining Services, LLC became Compass's second add-on acquisition in March 2021. R&D Machine, LLC was acquired in April 2022, Strom Manufacturing, LLC in July 2022, and Bergeron Machine, LLC in April 2023, becoming Compass's third, fourth and fifth add-ons. Together, Compass's operating companies, now numbering nine including Pocasset Machine, serve a diversified group of blue-chip customers in the aerospace & defense, space, semiconductor, medical, industrial automation, power generation, telecommunications, high tech, and specialty industrial markets. In addition to expansion via acquisition, Compass has also grown significantly since its formation in 2019 by investing aggressively in advanced equipment and adding new customers drawn to the company's mantra of 'we do the tough stuff'. In particular, Compass has concentrated its CAPEX expansion on machines capable of running unattended, lights-out, and/or in multi-tasking mode whereby previous discrete CNC machine processes are combined into a single operation. 'The technology underlying CNC machining is advancing quickly,' said Compass CEO Gary Holcomb. 'We are capitalizing on these developments by buying the latest machines capable of doing even more difficult parts faster and with fewer set-ups and operator intervention. We put our money where our mouth is regarding 'we do the tough stuff.'
Yahoo
6 days ago
- Business
- Yahoo
Underwater Drone Market Outlook Report 2025-2034: Remotely Operated Vehicle, Autonomous Underwater Vehicles, Hybrid Vehicles Market Share and Growth Analysis
The Underwater Drone Market is projected to grow from USD 6.6 billion in 2025 to USD 17.3 billion by 2034, driven by rising demand for AUVs and ROVs across industries like defense, oil and gas, and marine research. Innovations in AI, IoT, and enhanced sensors are key growth drivers, while challenges in data security and communication remain. Underwater Drone Market Dublin, July 17, 2025 (GLOBE NEWSWIRE) -- The "Underwater Drone Market Outlook 2025-2034: Market Share, and Growth Analysis By Type( Remotely Operated Vehicle, Autonomous Underwater Vehicles, Hybrid Vehicles), By Product Type, By Propulsion , By Application" report has been added to Drone Market is valued at USD 6.6 billion in 2025. Further the market is expected to grow by a CAGR of 11.2% to reach global sales of USD 17.3 billion in 2034The Underwater Drone Market is experiencing rapid growth driven by the increasing demand for autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) across various industries. These drones are equipped with advanced sensors and cameras, enabling real-time data collection, video surveillance, and environmental monitoring in challenging underwater environments. The market finds applications in a wide range of sectors, including marine research, defense, offshore oil and gas exploration, underwater infrastructure inspection, and recreational activities such as diving and underwater ability of underwater drones to access depths and locations that are otherwise difficult or dangerous for humans has fueled their adoption. They offer significant advantages in terms of cost-effectiveness, safety, and efficiency for tasks such as inspecting submerged structures, monitoring marine life, and surveying the ocean floor. As industries increasingly rely on automation for underwater tasks, the need for high-quality, reliable underwater drones continues to the rise of smart technologies such as AI, IoT, and machine learning integrated into underwater drones is expected to boost their capabilities, enabling more precise and efficient underwater operations. This growth is expected to continue as demand for deep-sea exploration and offshore energy projects increases, further driving the Underwater Drone 2024, the Underwater Drone Market is expected to experience several technological advancements, including improvements in battery life, sensor capabilities, and communication systems. The demand for drones with enhanced capabilities, such as higher resolution imaging, longer operational ranges, and better maneuverability, will lead to increased market developments. The introduction of AI-driven underwater drones will significantly impact industries such as marine research and defense, where real-time data processing, anomaly detection, and predictive analytics will become more the expansion of offshore wind farms and subsea oil and gas exploration will require specialized underwater drones for installation, maintenance, and monitoring purposes. These drones will be designed to withstand extreme underwater conditions while offering efficient power management and extended operational hours. There will also be an emphasis on developing drones that can operate autonomously for extended periods, reducing the need for human intervention and making underwater operations more cost-effective. In 2024, several companies are expected to introduce new models that cater to specific industry needs, such as drones with specialized payloads for scientific research or inspection towards 2025 and beyond, the Underwater Drone Market will continue to evolve with the integration of cutting-edge technologies, including machine learning, AI, and 5G connectivity. These advancements will enable drones to perform more complex tasks, such as real-time mapping, environmental monitoring, and advanced underwater construction inspections. As underwater drones become more autonomous, they will be capable of operating in harsh and remote environments without requiring constant human oversight. Furthermore, with the rise of deep-sea exploration and subsea mining, underwater drones will be critical tools for collecting data in unexplored or difficult-to-reach increasing use of drones in industries such as aquaculture, defense, and environmental monitoring will drive market expansion, particularly as governments and organizations invest in technologies to monitor and protect marine ecosystems. Additionally, the demand for smaller, more versatile drones will grow, catering to both commercial and recreational challenges such as ensuring data security, handling communication issues in deep-sea environments, and meeting regulatory requirements may slow down the widespread adoption of certain drone technologies. Despite these hurdles, the Underwater Drone Market is poised for continued growth, driven by technological advancements and increasing demand across Insights Underwater Drone Market Advancements in battery life and energy-efficient systems allowing underwater drones to operate for longer periods in deeper environments. Integration of AI and machine learning into drones for improved real-time data analysis, anomaly detection, and predictive maintenance. Development of drones with enhanced imaging and sensing capabilities, including high-resolution cameras, sonar, and environmental sensors for better underwater visibility. Emergence of drones designed for specific industries, such as aquaculture, defense, and scientific research, offering customized capabilities and applications. Increased use of autonomous underwater drones for long-term operations, reducing the need for human intervention and improving operational efficiency. Growing demand for remote and autonomous underwater exploration and inspection for industries like offshore energy and marine research. Advancements in drone technology, including AI, sensor integration, and improved power management, driving enhanced capabilities for complex tasks. Increased adoption of underwater drones in environmental monitoring, marine life studies, and subsea infrastructure inspection. Expansion of subsea energy projects, such as offshore wind farms, requiring efficient, cost-effective solutions for installation and maintenance. Communication and data transmission limitations in deep-sea environments, along with concerns regarding data security, could hinder the efficiency and adoption of underwater drones. Your Takeaways From this Report Global Underwater Drone market size and growth projections (CAGR), 2024 - 2034 Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Underwater Drone. Underwater Drone market size, share, and outlook across 5 regions and 27 countries, 2024 - 2034. Underwater Drone market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2024 - 2034. Short and long-term Underwater Drone market trends, drivers, restraints, and opportunities. Porter's Five Forces analysis, Technological developments in the Underwater Drone market, Underwater Drone supply chain analysis. Underwater Drone trade analysis, Underwater Drone market price analysis, Underwater Drone Value Chain Analysis. Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products. Latest Underwater Drone market news and developments. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value in 2025 6.6 Billion Forecasted Market Value by 2034 17.3 Billion Compound Annual Growth Rate 11.2% Regions Covered Global Companies Featured SZ DJI Technology Co Ltd. Parrot SA AeroVironment Inc. Kongsberg Gruppen ASA Northrop Grumman Corporation Thales Group Lockheed Martin Corporation Elbit Systems Ltd. Israel Aerospace Industries Ltd. General Dynamics Corporation Underwater Drone Market Segmentation By Type Remotely Operated Vehicle Autonomous Underwater Vehicles Hybrid Vehicles By Product Type Micro Small And Medium Light Work-Class Heavy Work-Class By Propulsion Electric System Mechanical System Hybrid System By Application Defense And Security Scientific Research Commercial Exploration Others Applications By Geography North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Underwater Drone Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
The Mainichi
15-07-2025
- Science
- The Mainichi
Japan building autonomous probe to explore Challenger Deep
TOKYO (Kyodo) -- Japan is set to return to the deepest part of the world ocean with a new autonomous probe that will collect samples and also search for marine resources in Japan's exclusive economic zone. The Japan Agency for Marine-Earth Science and Technology (JAMSTEC) is developing the compact, unmanned probe capable of reaching depths of approximately 11,000 meters, part of the abyssal zone in the Mariana Trench's Challenger Deep in the western Pacific Ocean. The autonomous probe will collect living organisms, mud and rocks from a large area for studies on hydrothermal vents, key for understanding early life, as well as deep-sea ecosystems and ocean trenches linked to the generation of large, destructive earthquakes. JAMSTEC, a state-backed agency based in Yokosuka, Kanagawa Prefecture, will test the probe through fiscal 2027 before putting it in full use. The Limiting Factor, a U.S. crewed deep submergence vehicle and China's deep submersible Fendouzhe have already reached the deepest point, but their scope of exploration was limited. In 1996, Japan's unmanned Kaiko remotely operated vehicle was the first to collect living organisms and sediment at a depth greater than 10,000 meters in the Challenger Deep, according to JAMSTEC. Kaiko was also used to identify the wreck of the Tsushima Maru, a cargo and passenger ship sunk off Okinawa by the U.S. submarine Bowfin during World War II while carrying hundreds of schoolchildren. Kaiko was lost off Shikoku, one of Japan's main islands, in 2003. Japan's crewed Shinkai 6500 can descend to 6,500 meters and its unmanned Urashima 8000 can go to 8,000 meters. "We need to unlock puzzles of ecosystems and geological conditions in the deepest sea," said Yu Matsunaga, a senior official at JAMSTEC. The probe will have to withstand enormous water pressure in the depths. It will consist of two units -- an autonomous underwater vehicle (AUV) measuring 50 centimeters in length and width and 1 meter deep, and a lander of about two meters a side that carries the AUV to the seafloor. JAMSTEC has adopted the design because a single-unit structure would make the probe bigger, less mobile and costlier. The probe is so designed that when the lander reaches the seafloor, the AUV will separate and vacuum up organisms and mud while moving on a predetermined route. Engineers will consider whether to add robotic arms to the vehicle. The plan is to have the AUV stay on the seafloor for more than five hours and move a distance of around 4 kilometers. The lander, though immobile, may have a hose to gather samples from around its landing site. In an experiment conducted in 2023, a prototype lander descended to a depth of 9,200 meters in the Japan Trench off the Boso Peninsula east of Tokyo and succeeded in sending visual data over the water by means of sound waves. Other technologies under development include the combined use of cameras and artificial intelligence to allow the AUV to move and collect samples. If the AUV is outfitted with rechargeable batteries and allowed to navigate automatically, it will be able to expand its scope of activity as there will be no need to connect a vessel at sea with cables for communication and power supply. JAMSTEC will begin testing the AUV and the lander as a unit in fiscal 2026 and lower the probe to 9,000 meters to collect samples in fiscal 2027. It will then begin the full use of the probe for its research activities.
Japan Today
12-07-2025
- Science
- Japan Today
Japan building autonomous probe to explore Challenger Deep
A prototype of an autonomous unmanned probe is seen exploring the seafloor in Suruga Bay, Shizuoka Prefecture, in February 2024. By Kento Iwamura Japan is set to return to the deepest part of the world ocean with a new autonomous probe that will collect samples and also search for marine resources in Japan's exclusive economic zone. The Japan Agency for Marine-Earth Science and Technology (JAMSTEC) is developing the compact, unmanned probe capable of reaching depths of approximately 11,000 meters, part of the abyssal zone in the Mariana Trench's Challenger Deep in the western Pacific Ocean. The autonomous probe will collect living organisms, mud and rocks from a large area for studies on hydrothermal vents, key for understanding early life, as well as deep-sea ecosystems and ocean trenches linked to the generation of large, destructive earthquakes. JAMSTEC, a state-backed agency based in Yokosuka, Kanagawa Prefecture, will test the probe through fiscal 2027 before putting it in full use. The Limiting Factor, a U.S. crewed deep submergence vehicle and China's deep submersible Fendouzhe have already reached the deepest point, but their scope of exploration was limited. In 1996, Japan's unmanned Kaiko remotely operated vehicle was the first to collect living organisms and sediment at a depth greater than 10,000 meters in the Challenger Deep, according to JAMSTEC. Kaiko was also used to identify the wreck of the Tsushima Maru, a cargo and passenger ship sunk off Okinawa by the U.S. submarine Bowfin during World War II while carrying hundreds of schoolchildren. Kaiko was lost off Shikoku, one of Japan's main islands, in 2003. Japan's crewed Shinkai 6500 can descend to 6,500 meters and its unmanned Urashima 8000 can go to 8,000 meters. "We need to unlock puzzles of ecosystems and geological conditions in the deepest sea," said Yu Matsunaga, a senior official at JAMSTEC. The probe will have to withstand enormous water pressure in the depths. It will consist of two units -- an autonomous underwater vehicle (AUV) measuring 50 centimeters in length and width and 1 meter deep, and a lander of about two meters a side that carries the AUV to the seafloor. JAMSTEC has adopted the design because a single-unit structure would make the probe bigger, less mobile and costlier. The probe is so designed that when the lander reaches the seafloor, the AUV will separate and vacuum up organisms and mud while moving on a predetermined route. Engineers will consider whether to add robotic arms to the vehicle. The plan is to have the AUV stay on the seafloor for more than five hours and move a distance of around 4 kilometers. The lander, though immobile, may have a hose to gather samples from around its landing site. In an experiment conducted in 2023, a prototype lander descended to a depth of 9,200 meters in the Japan Trench off the Boso Peninsula east of Tokyo and succeeded in sending visual data over the water by means of sound waves. Other technologies under development include the combined use of cameras and artificial intelligence to allow the AUV to move and collect samples. If the AUV is outfitted with rechargeable batteries and allowed to navigate automatically, it will be able to expand its scope of activity as there will be no need to connect a vessel at sea with cables for communication and power supply. JAMSTEC will begin testing the AUV and the lander as a unit in fiscal 2026 and lower the probe to 9,000 meters to collect samples in fiscal 2027. It will then begin the full use of the probe for its research activities. © KYODO
Kyodo News
12-07-2025
- Science
- Kyodo News
FEATURE: Japan building autonomous probe to explore Challenger Deep
TOKYO - Japan is set to return to the deepest part of the world ocean with a new autonomous probe that will collect samples and also search for marine resources in Japan's exclusive economic zone. The Japan Agency for Marine-Earth Science and Technology (JAMSTEC) is developing the compact, unmanned probe capable of reaching depths of approximately 11,000 meters, part of the abyssal zone in the Mariana Trench's Challenger Deep in the western Pacific Ocean. The autonomous probe will collect living organisms, mud and rocks from a large area for studies on hydrothermal vents, key for understanding early life, as well as deep-sea ecosystems and ocean trenches linked to the generation of large, destructive earthquakes. JAMSTEC, a state-backed agency based in Yokosuka, Kanagawa Prefecture, will test the probe through fiscal 2027 before putting it in full use. The Limiting Factor, a U.S. crewed deep submergence vehicle and China's deep submersible Fendouzhe have already reached the deepest point, but their scope of exploration was limited. In 1996, Japan's unmanned Kaiko remotely operated vehicle was the first to collect living organisms and sediment at a depth greater than 10,000 meters in the Challenger Deep, according to JAMSTEC. Kaiko was also used to identify the wreck of the Tsushima Maru, a cargo and passenger ship sunk off Okinawa by the U.S. submarine Bowfin during World War II while carrying hundreds of schoolchildren. Kaiko was lost off Shikoku, one of Japan's main islands, in 2003. Japan's crewed Shinkai 6500 can descend to 6,500 meters and its unmanned Urashima 8000 can go to 8,000 meters. "We need to unlock puzzles of ecosystems and geological conditions in the deepest sea," said Yu Matsunaga, a senior official at JAMSTEC. The probe will have to withstand enormous water pressure in the depths. It will consist of two units -- an autonomous underwater vehicle (AUV) measuring 50 centimeters in length and width and 1 meter deep, and a lander of about two meters a side that carries the AUV to the seafloor. JAMSTEC has adopted the design because a single-unit structure would make the probe bigger, less mobile and costlier. The probe is so designed that when the lander reaches the seafloor, the AUV will separate and vacuum up organisms and mud while moving on a predetermined route. Engineers will consider whether to add robotic arms to the vehicle. The plan is to have the AUV stay on the seafloor for more than five hours and move a distance of around 4 kilometers. The lander, though immobile, may have a hose to gather samples from around its landing site. In an experiment conducted in 2023, a prototype lander descended to a depth of 9,200 meters in the Japan Trench off the Boso Peninsula east of Tokyo and succeeded in sending visual data over the water by means of sound waves. Other technologies under development include the combined use of cameras and artificial intelligence to allow the AUV to move and collect samples. If the AUV is outfitted with rechargeable batteries and allowed to navigate automatically, it will be able to expand its scope of activity as there will be no need to connect a vessel at sea with cables for communication and power supply. JAMSTEC will begin testing the AUV and the lander as a unit in fiscal 2026 and lower the probe to 9,000 meters to collect samples in fiscal 2027. It will then begin the full use of the probe for its research activities.
