Global Unmanned Underwater Vehicles Market

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: 125 | Figures: 69

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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Global Unmanned Underwater Vehicles Market size was valued at USD 2.61 Billion in 2022 and is poised to grow from USD 3.02 Billion in 2023 to USD 8.32 Billion by 2031, at a CAGR of 13.5% during the forecast period (2024-2031).

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. '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'

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.

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.

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.

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Global Unmanned Underwater Vehicles Market

Report ID: SQMIG20T2019

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