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 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.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Unmanned Underwater Vehicles Market

Report ID: SQMIG20T2019

$5,300
BUY NOW GET FREE SAMPLE