AMSI Business Survey Points to Buoyant Outlook

The data was collected from 80 UK companies using a questionnaire which was presented in person, by a researcher, to individual senior managers at their trade stands.

This second report  will allow comparison with last year's data (), identifying trends in marine science and technology business.

Although the data is yet to be analysed, an overall positive outlook for the future of the MST market was noted. A considerable number of companies forecast an increase in the MST market over the next 12 months with, understandably, ‘Renewables' being the most commonly predicted new market area expected to increase over the next 12 months.

• 80 UK based companies were surveyed
• Asia-Pacific and Africa were commonly mentioned as areas of increased growth in the last 12 months.
• Most companies predict an increase in the MST market over the next 12 months.
• An increase in ‘Renewables' was the most common answer when asked if there was a specific area in the MST market they predicted a change over the next 12 months.
• The majority of companies reported that the recession had had a minor effect in the past 12 months
• A generally positive response was noted when questioned on the business trend for the next 12 months.

This early review of the survey highlights a refreshing confidence in the industry from companies, in spite of these recessionary times.