USD 1.57 billion
Autonomous Underwater Vehicles (AUV) Market Size, Share, Growth Analysis, By Technology(Collision Avoidance, Communication, Navigation, Propulsion), By Type(Shallow AUVs, Medium AUVs, Large AUVs), By Shape(Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-hull Vehicle), By Payload Type(Cameras, Sensors, Synthetic Aperture Sonar, Echo Sounders), By pplication(Military & Defense, Oil & Gas, Environment Protection Monitoring, Oceanography Archaeology & Exploration), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45J2238 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
186
|Figures:
78
Autonomous Underwater Vehicles (AUV) Market Insights
Autonomous Underwater Vehicles (AUV) Market size was valued at USD 1.57 billion in 2022 and is poised to grow from USD 1.85 billion in 2023 to USD 6.84 billion by 2031, growing at a CAGR of 17.80% in the forecast period (2024-2031).
Increasing defense spending worldwide, increasing capital investment by companies in the offshore oil and gas industry and increasing use of autonomous underwater vehicles are some of the primary factors as well as important factors that are likely to drive the growth of the market. On the other hand, the development and integration of advanced technologies in AUVs will further help by providing immense opportunities for the growth of the global autonomous underwater vehicle market during the forecast period. Based on SkyQuest analysis, in December 2023, the French Defence Procurement Agency (DGA) has awarded the Naval Group an agreement for the design, production and testing of Unmanned Combat Underwater Vehicle (UCUV). The Russian government has made Poseidon UVV for targeting ports or aircraft carriers during the war. The Ukraine government initiative namely, Brave1 initiative, a defense project which includes Toloka TLK-150 UUVs, having a small size of about 2.5 meters. Lack of high safety and security concerns in this software solution acts as a market restraint for autonomous underwater vehicles during the forecast period.
AUVs generally have less than 24 hours of battery life; however, battery life significantly decreases when the AUV operates in deep water. This is due to the high-power consumption of the motors in AUVs when operating in deep water. Despite that, new vehicle and sensor developments increase the functionalities of AUVs, while advances in artificial intelligence enhance reliability and flexibility. In the next few years, AUVs are expected to rely on innovations in terms of battery life, autonomy and control capabilities. The development and integration of advanced technologies in AUVs is expected to provide opportunities for market players to increase market revenue. Based on SkyQuest analysis, in 2023, Boeing has made the autonomous extra-large unmanned underwater vehicle (XLUUV), Orca for the U.S. Navy.
US Autonomous Underwater Vehicles (AUV) Market is poised to grow at a sustainable CAGR for the next forcast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Large AUVs
Fastest Growth
Small AUVs
Growth Rate
17.80% CAGR
Global Autonomous Underwater Vehicle Market ($ Bn)
Country Share for North America Region (%)
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Autonomous Underwater Vehicles (AUV) Market Segmental Analysis
Global Autonomous Underwater Vehicles (AUV) Market is segmented By Technology, By Type, By Shape, By Payload Type, By Application and Region. Based on Technology, the market can be segmented into Collision Avoidance, Communication, Navigation, Propulsion, Imaging. Based on Type, the market can be segmented into Shallow AUVs, Medium AUVs, Large AUVs. Based on Shape, the market is segmented into Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-hull Vehicle. Based on Payload Type, the market is segmented into Cameras, Sensors, Synthetic Aperture Sonar, Echo Sounders, Acoustic Doppler Current Profilers, Others. Based on Application, the market is segmented into Military & Defense, Oil & Gas, Environment Protection Monitoring, Oceanography Archaeology & Exploration, Search & Salvage Operation . Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Autonomous Underwater Vehicles (AUV) Market Analysis by Type
In the global autonomous underwater vehicle market, the largest segment by type is large AUVs. The growth of the segment is driven by its role in deepwater exploration, submarine exploration and the oil and gas industry. Large AUVs are increasingly being used in the oil and gas industry for mapping seabed, pipeline inspection and resource exploration. For instance, the Indian National Institute of Ocean Technology (NIOT) contracted KONGSBERG to purchase HUGIN AUV system. The system has an operational depth of 6,000 meters and is used in underwater and subsea segmentation applications including the KONGSBERG HISAS 1032 synthetic aperture sonar and the EM2040 multi-beam echo-sounder.
On the other hand, the fastest growing segment in the global AUV market is the small AUVs. The small segment is estimated to grow at the highest CAGR during the forecast period. Growing demand for small underwater vehicles from the navy for various applications such as diver tracking, surveillance, search and rescue, etc. is driving the growth of this market. In general, smaller AUVs offer a more cost-effective option compared to larger, more complex models. Their smaller size often translates into lower production costs, making them more convenient for organizations with limited budgets or specific business needs.
Autonomous Underwater Vehicles (AUV) Market Analysis by Application
The military & defense segment is the dominant segment in the market. The defense segment held the highest autonomous underwater vehicle market share. Rising demand for underwater surveillance, intelligence, survey, reconnaissance (ISR) activities, submarines, sea mines, and other products is contributing to its dominance. AUVs are used to enhance maritime security and for the detection of underwater threats. They have the ability to operate independently and gather information which makes them a valuable asset for the naval forces and coast guards. Furthermore, the military & defense sector’s investments in the market are leading towards its dominance and market growth.
On the other hand, the fastest growing segment is environment protection and monitoring. It includes habitat research, water sampling, fishery study and others. AUVs play an important role in the assessment of the marine ecosystems leading towards their growing adoption. It also monitors water quality and emergency responses such as oil spills. The increasing demand and acceptance of environment conservation drives the adoption of AUVs for environmental monitoring purposes. They can collect high-resolution data and can observe complex underwater terrain, which makes them an important tool for scientists. All this together fuels the rapid expansion of this segment leading to market growth.
Global Autonomous Underwater Vehicle Market By Type
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Autonomous Underwater Vehicles (AUV) Market Regional Insights
North America dominated the global autonomous underwater vehicle market due to the highest levels of defense spending, spending on research and development. The North American region in the market gains momentum for ISR operations, advanced research. AUV purchases from the US. Navy, lifesaving and other purposes will boost the market in the region. The regions advanced technological infrastructures and investments in defense and marine research contribute to its dominance. Additionally, the region has an extensive coastline which drives its demand for AUVs in the military and the defense sector. The region shares key market players especially in US and Canada which leads towards its global presence in the market. The continuous advancement in this sector is further boosting market growth.
Asia-Pacific is the fastest growing region in the global autonomous underwater vehicle market and is estimated to grow at the highest CAGR during the forecast period. The rapid economic growth and increase in maritime activities are driving the demand for AUVs in this region. Increasing military expenditure on commercial operations from China, India and Japan, rising demand for AUVs is likely to drive the market in Asia-Pacific. Increasing investment in the oil and gas industry and navy consolidation is fueling the growth of the market across the region. Based on SkyQuest analysis, in February 2024, Japan and Australia announced their joint research on the future innovation of the UAVs which is maintaining a technological edge in our rapidly changing strategic environment.
Global Autonomous Underwater Vehicle Market By Region
- Largest
- Fastest
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Autonomous Underwater Vehicles (AUV) Market Dynamics
Autonomous Underwater Vehicles (AUV) Market Drivers
Increasing Offshore Production of Deepwater Oil and Gas to Stimulate Market Growth
- An autonomous underwater vehicle is a robotic system that can be operated underwater without human intervention. These are widely used in marine research activities for many underwater applications such as scientific research, commercial and defence. In the previous years, major companies such as Shell, Chevron, Repsol and Equinor discovered new oil in the Gulf of Mexico. Shell has been successful in drilling for Deepwater wells, including an oil well discovery up to a depth of 400 ft. The new exploration was predicted to produce more than 900,000 barrels.
Growing Demand for AUVs for Border and Coastal Security to Fuel Market Growth
- Autonomous underwater vehicles have become a staple of military, naval and coastal security forces, especially undersea operations. U.S. Navy uses these vehicles in a wide variety of applications, such as mine countermeasure (MCM), intelligence, surveillance, inspection/detection (ID), and underwater vehicles to combat the greater challenge that the Chinese Navy would take on rapid procurement strategies.
Autonomous Underwater Vehicles (AUV) Market Restraints
Low Reliability and Operational Uncertainty in Networks Hinder Market Growth
- An AUV is an autonomous vehicle equipped with advanced features that can be used for various underwater applications without human intervention. It is equipped with multisensory network and navigation system hardware along with signal transmission for real-time communication, and data collection, which makes it difficult to operate collectively leading to low reliability. Communication and signal transmission are major problems in underwater technology.
Legal Restrictions Imposed by the Authorities Hinders the Growth
- The major restraints in the global autonomous underwater vehicle (AUV) market are regulatory restrictions imposed by maritime authorities and environmental agencies. This regulation determines AUV operational aspects, including safety standards, environmental protection measures and restrictions on underwater activities in certain areas.
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Autonomous Underwater Vehicles (AUV) Market Competitive Landscape
The market is competitive with new companies emerging and establishing competition with older ones. For instance, OceanTech can provide access to the Ocean Research Institute’s latest AUV models, enabling researchers to use state-of-the-art technology for their science missions. In return, feedback and insights gained from the Institute’s fieldwork can inform OceanTech’s product development direction and ensure that future AUV systems are optimized for research purposes. OceanTech can provide training programs and workshops for Ocean Research Institute researchers and students, providing the skills and knowledge they need to successfully operate AUVs in the field. This partnership not only enhances the institute’s research capabilities but also develops the talent pool in marine robotics.
Top Player’s Company Profiles of Autonomous Underwater Vehicles (AUV) Market
- Kongsberg Maritime (Norway)
- Teledyne Marine (US)
- Bluebird Marine Systems Ltd. (UK)
- ECA GROUP (France)
- Saab AB (Sweden)
- Lockheed Martin Corporation (US)
- Fugro (Netherlands)
- ATLAS ELEKTRONIK GmbH (Germany)
- Boston Engineering Corporation (US)
- International Submarine Engineering Limited (Canada)
- GRAAL, Inc. (Poland)
- BAE Systems (US)
- Boeing (US)
- L3Harris Technologies, Inc. (US)
- Hydromea SA (Switzerland)
- General Dynamics Mission Systems, Inc. (US)
- Exail Technologies (France)
- Anduril Industries (US)
- ANB Sensors Limited (UK)
- Rovco (UK)
Recent Developments of Autonomous Underwater Vehicles (AUV) Market
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In March 2024, Metron Inc. announced the partnership with Cellula Robotics Inc. to expand autonomous underwater vehicle capabilities for advanced operations in a dynamic environment.
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In July 2023, India launched Neerakshi, an AUV to detect mines and is a collaboration of Kolkata based warshipmaker Garden Reach Shipbuilders and engineers (GRSE) limited and MSME entity AEPL.
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In November 2023, Adelaide-based Nova systems announced a collaboration with the Australian Maritime College to deliver the Advanced Test and Practitioner Evaluation course for AUVs.
Autonomous Underwater Vehicles (AUV) Key Market Trends
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Embracing the Freedom Provided by Artificial Intelligence to Increase Demand for AUVs: Underwater robotic or underwater vehicle technology is supposed to offer exciting opportunities for manufacturing companies operating in the market. Major OEMs have introduced advanced and reliable communication technologies that can solve major problems in underwater vehicles. The development of cost-effective communication technologies for underwater vehicles with excellent turbulence tolerance features will further drive the market growth in the future. Major manufacturers such as Boeing, Thales and BAE Systems have introduced autonomous underwater vehicles. Independence is expected to dramatically change the landscape of underwater warfare.
Autonomous Underwater Vehicles (AUV) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global autonomous underwater vehicle (AUV) market is witnessing significant growth and change driven by technological advancements, increasing demand for maritime research, and expanding applications across industries of AUVs. They are equipped with sensors, cameras and navigation systems, enabling them to carry out a variety of tasks such as underwater mapping, oceanographic data collection, environmental monitoring, offshore oil and gas exploration and underwater management. The market driven by the increasing need for efficient, cost-effective solutions for inspections and surveys, especially the number of these vehicles with advances in AUV technology with growth prospects in autonomy. Large AUVs hold the highest share and small AUVs are growing at a quick rate. North America is dominating the market while Asia pacific is growing quickly. One major trend is the adoption of AI in autonomous underwater vehicles which leads to advancements in communications and other technologies. The global market represents transformational change in network security and connectivity, driven by rapid digitization and the dynamic nature of modern business applications.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.57 billion |
| Market size value in 2031 | USD 6.84 billion |
| Growth Rate | 17.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Autonomous Underwater Vehicles (AUV) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Autonomous Underwater Vehicles (AUV) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Autonomous Underwater Vehicles (AUV) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Autonomous Underwater Vehicles (AUV) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Autonomous Underwater Vehicles (AUV) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Autonomous Underwater Vehicles (AUV) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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