How big is the Autonomous Underwater Vehicles Market?

The Autonomous Underwater Vehicles Market size is expected to reach USD 2.13 billion in 2024 and grow at a CAGR of 20.62% to reach USD 5.45 billion by 2029. Read More

What is the current Autonomous Underwater Vehicles Market size?

In 2024, the Autonomous Underwater Vehicles Market size is expected to reach USD 2.13 billion. Read More

Who are the key players in Autonomous Underwater Vehicles Market?

Kongsberg Gruppen ASA, General Dynamics Corporation, The Boeing Company, Lockheed Martin Corporation and SAAB AB are the major companies operating in the Autonomous Underwater Vehicles Market. Read More

Which is the fastest growing region in Autonomous Underwater Vehicles Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Autonomous Underwater Vehicles Market?

In 2024, the North America accounts for the largest market share in Autonomous Underwater Vehicles Market. Read More

What years does this Autonomous Underwater Vehicles Market cover, and what was the market size in 2023?

In 2023, the Autonomous Underwater Vehicles Market size was estimated at USD 1.69 billion. The report covers the Autonomous Underwater Vehicles Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Autonomous Underwater Vehicles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Autonomous Underwater Vehicles Market Size & Share Analysis - Industry Research Report

Autonomous Underwater Vehicles Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Autonomous Underwater Vehicle Market Report is Segmented by Type (Small, Medium, and Large), by Application (Military & Defense, Oil & Gas, Environment Protection & Monitoring, Oceanography, Archaeology & Exploration, and Search & Salvage Operations), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above-Mentioned Segments in Value (USD).

Autonomous Underwater Vehicles Industry Overview

The autonomous underwater vehicles market is fragmented, with several players and a mix of established companies and emerging startups. Some of the leading players include Kongsberg Gruppen ASA, General Dynamics Corporation, Lockheed Martin Corporation, The Boeing Company, and SAAB AB.

These players incorporate strategic initiatives such as acquisitions, partnerships, expansions, and product/technology launches to maintain their positions and gain a competitive advantage in this market. For instance, in July 2022, Kongsberg Gruppen ASA secured several significant contracts for HUGIN AUVs. The company declared that, in addition to the increasing demand for marine robots, its broader portfolio allows it to address new applications.