Global Unmanned Underwater Vehicles Market Size, Share, Growth Analysis, By Type (Autonomous Underwater Vehicles (AUVs), Remotely Operated Vehicles (ROVs)), By Application (Naval & Coastal Defense, Oceanography), By End User (Research Institutes, Commercial), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG20T2019 |
Region:
Global |
Published Date: December, 2024
Pages:
167
|Tables:
0
|Figures:
0
Unmanned Underwater Vehicles Market Insights
Unmanned Underwater Vehicles Market size was valued at USD 3.02 Billion in 2023 and is poised to grow from USD 3.43 Billion in 2024 to USD 9.44 Billion by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).
Growing investments in improving maritime defense and security around the world and advancements in unmanned vehicle technologies are slated to drive up the demand for unmanned underwater vehicles (UUVs) going forward. Rising offshore oil & gas exploration activities around the world and growing use of unmanned underwater vehicles for environmental monitoring are also slated to boost revenue generation in the future. Use of unmanned underwater vehicles for underwater archeology and scientific research is also forecasted to boost the sales of unmanned underwater vehicles in the long run. Increasing interest in knowing more about marine life and oceanography are also promoting the use of unmanned underwater vehicles on a global scale over the coming years. On the contrary, high initial costs, technical challenges for operations, limited battery life, and cybersecurity concerns are projected to be key constraints for unmanned underwater vehicles market development across the study period and beyond.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
Growth Rate
CAGR
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Unmanned Underwater Vehicles Market Segmental Analysis
The global unmanned underwater vehicles market is segmented by type, component, application, end user, and region. Based on autonomous type, the market is segmented into Remotely Operated Vehicles (ROVs), Autonomous Underwater Vehicles (AUVs), and Hybrid Underwater Vehicles (HUVs). Based on components, the market is segmented into propulsion, drive system, collision avoidance, payloads & imaging, and communication & navigation. Based on application, the market is segmented into search & salvage operations, archeological & exploration, oceanography, environmental & meteorological research, oil & gas, naval & coastal defense, and others. Based on end user, the market is segmented into research institutes, commercial, government, defense/homeland security, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Autonomous underwater vehicles (AUVs) are estimated to hold the largest unmanned underwater vehicles market share going forward. Advancements in autonomous technologies and the growing preference of AUVs for several underwater exploration and scientific operations are cementing the dominance of this segment. Extensive use of autonomous underwater vehicles by oceanographers to collect marine life data, survey underwater wrecks, and study underwater geography is also slated to bolster the high share of AUVs. Increasing emphasis on sustainability is bolstering the demand for environmental monitoring thereby also favoring the sales of autonomous underwater vehicles in the long run.
On the other hand, the demand for remotely operated vehicles (ROVs) is forecasted to increase at an impressive pace through 2031 and beyond. Rapidly rising military and defense spending around the world is projected to primarily bolster the sales of remotely operated vehicles (ROVs) in the future. Extensive use of remotely operated vehicles for search and rescue operations is also estimated to create new opportunities for market growth via this segment. Inspection of ship hulls, oil & gas infrastructure, and underwater oil wells are all carried out using remotely operated vehicles. Rising emphasis on safety in the oil & gas industry is slated to bolster the demand for unmanned underwater vehicles going forward.
Analysis by Application
Naval and coastal defense is projected to account for a significant chunk of the global unmanned underwater vehicles demand outlook in the future. Rising spending on military and defense around the world and growing efforts to improve naval and coastal security are helping this segment hold a dominant unmanned underwater vehicles market share. Increasing investments in the development of novel underwater military technologies is also slated to help bolster the sales of unmanned underwater vehicles going forward. Extensive use of unmanned underwater vehicles for Undersea Reconnaissance, Mine Detection and Clearance and Anti-Submarine Warfare applications is also slated to create new opportunities in the future.
Meanwhile, the demand for unmanned underwater vehicles for oceanographic research applications is slated to increase at a robust CAGR in the long run. Growing number of scientists focusing on monitoring the temperature, currents, and aquatic life in oceans to gain a better understanding of the planet is helping this segment boost revenue generation. The launch of public as well as private efforts to improve oceanographic research is also estimated to bolster sales of unmanned underwater vehicles across the study period. High emphasis on sustainability and storm mapping to improve disaster management capabilities also presents new business scope for unmanned underwater vehicles providers focusing on this segment.
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Unmanned Underwater Vehicles Market Regional Insights
North America is forecasted to account for a dominant share of the global unmanned underwater vehicles market forecast. Rapid adoption of unmanned underwater vehicles in commercial as well as defense applications is the key factor cementing the dominance of this region. High spending on military and defense, presence of key unmanned underwater vehicles suppliers, and growing underwater exploration activity are other factors creating new opportunities in the North American region. The United States and Canada are estimated to emerge as the most opportune markets in this region owing to rising spending on military and defense as well as oceanographic research.
The Asia Pacific region is slated to emerge as a highly opportune market for unmanned underwater vehicle providers in the world through 2031. Rapidly increasing spending on military and defense in countries such as China, India, and Japan are primarily augmenting the demand for unmanned underwater vehicles in this region. Increased naval budgets and rising emphasis on improving naval and coastal security are also promoting sales of unmanned underwater vehicles in the Asia Pacific. Growing investments in oceanographic research and environmental monitoring are also expected to create new opportunities for unmanned underwater vehicle companies in the long run.
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Unmanned Underwater Vehicles Market Dynamics
Drivers
High Demand for Maritime Security
- Growing emphasis on improving security around the world and rising spending on maritime security are projected to bolster the demand for unmanned underwater vehicles over the coming years. These vehicles are highly crucial in defense and military operations being performed in harsh conditions where risking human lives is not preferred.
Advancements in Robotics and Sensor Technologies
- Advancements in robotics and sensor technologies are further improving the capabilities of unmanned underwater vehicles. Better batteries, navigation systems, and artificial intelligence are allowing unmanned underwater vehicles to become more capable of operating autonomously and expanding their application scope as well. Rising investments in the development of new unmanned technologies are also slated to bolster unmanned underwater vehicles market growth.
Restraints
Energy Constraints and Limited Battery Life
- The operational capacity and range of unmanned underwater vehicles is completely dependent on battery life, and this inhibits their full potential. Current battery technologies are not as efficient and are not suitable for long-duration missions, which in turn is expected to limit the adoption of unmanned underwater vehicles in the future.
Technical Challenges in Harsh Conditions
- Unmanned underwater vehicles operate under severe and harsh conditions underwater where they are exposed to extreme pressure and low temperatures. These factors result in multiple technical challenges for unmanned underwater vehicle manufacturers, which in turn are expected to slow down the overall unmanned underwater vehicles market outlook in the long run.
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Unmanned Underwater Vehicles Market Competitive Landscape
Unmanned underwater vehicles manufacturers should focus on extending the range of their offerings to make them suitable for long duration missions. Integrating artificial intelligence to improve autonomous capabilities of unmanned underwater vehicles is also slated to be a key trend for unmanned underwater vehicles providers in the future. Targeting countries with increased military and defense budgets is slated to be a key strategy for all unmanned underwater vehicles suppliers across the study period and beyond.
Top Player’s Company Profiles
- Lockheed Martin
- ThyssenKrupp (Atlas Elektronik GmbH)
- General Dynamics
- L3 Ocean Server
- Saab
- Kongsberg Gruppen ASA
- FUGRO NV-CVA
- StedY - Groupe Gorgé (ECA Group)
- International Submarine Engineering Ltd.
- Boston Engineering
- Mitsubishi Heavy Industries
- KNIFEFISH & Bluefin
Recent Developments
- In September 2024, the Indian Navy received the clearance to build 100 tonne unmanned underwater vessels from the Ministry of Defence, India. The move is aimed to improve maritime capabilities of India and enhance defense on its eastern and western seaboards.
- In August 2023, a new autonomous underwater vehicle (AUV) was launched by Garden Reach Shipbuilders and Engineers (GRSE). The AUV is called Neerakshi and was a result of a collaborative effort of GRSE and Aerospace Engineering Private Limited (AEPL) to strengthen India’s underwater vehicle fleet capabilities.
- In July 2023, L3Harris, a leading American defense contractor became the first company to launch and recover an autonomous underwater vehicle from an underway submarine. The company leveraged its Iver4 AUV technology for this feat and bolstered its presence in the global unmanned underwater vehicles industry.
Unmanned Underwater Vehicles Key Market Trends
- Integration of Artificial Intelligence: Unmanned underwater vehicle companies can focus on integrating artificial intelligence technologies with their offerings to improve their unmanned capabilities. The use of artificial intelligence can help enhance decision-making, autonomous navigation, and real-time data analysis capabilities for unmanned underwater vehicles thereby increasing their functionality and application scope as well.
- Development of Hybrid UUVs: Unmanned underwater vehicle manufacturers can focus on the development of hybrid UUVs to maximize their application scope and improve their versatility. Unmanned underwater vehicles capable of operating autonomously and with remote control are expected to gain massive popularity across different industry verticals. High operational flexibility of these unmanned underwater vehicles is slated to make hybrid UUV a major unmanned underwater vehicles market trend in the long run.
Unmanned Underwater Vehicles 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.
As per SkyQuest analysis, rising emphasis on improving maritime security and growing offshore explorations in the oil & gas industry are projected to bolster sales of unmanned underwater vehicles over the coming years. However, technical challenges in underwater operations and limited battery life are slated to be key restraints for unmanned underwater vehicles market growth in the future. Extensive spending on military & defense and oceanographic research is helping North America hold a dominant share of global unmanned underwater vehicle demand outlook. The development of hybrid UUVs and integration of artificial intelligence are slated to present new opportunities for market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.61 Billion |
| Market size value in 2031 | USD 8.32 Billion |
| Growth Rate | 13.5% |
| 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 |
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| 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 Unmanned Underwater Vehicles 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 Unmanned Underwater Vehicles 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 Unmanned Underwater Vehicles 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 Unmanned Underwater Vehicles 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 Unmanned Underwater Vehicles Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Unmanned Underwater Vehicles 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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