Autonomous Underwater Vehicles Market Set To Reach $5.77 Billion by 2029: Trends and Growth Forecast

The autonomous underwater vehicles market size has substantially grown in recent years. From $2.41 billion in 2024, it is set to reach $2.91 billion in 2025 at a compound annual growth rate (CAGR) of 20.5%. The surge in the historical period is attributed to the growing need for ocean exploration, defense and military applications, demand for underwater surveys, understanding of climate change, advancements in energy exploration, and cost-effective underwater exploration.

The autonomous underwater vehicles market shows signs of rapid growth in the coming years as it is projected to reach $5.77 billion in 2029 at a compound annual growth rate (CAGR) of 18.6%. The anticipated growth can be linked to rising demand for underwater monitoring, climate change impact monitoring, deep-sea mining exploration, commercial applications in fisheries, autonomous navigation capabilities, and enhanced autonomous decision-making.

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What Are The Primary Drivers Of The Autonomous Underwater Vehicles Market?
The growth of the autonomous underwater vehicles market is propelled by rising ocean research activities and escalating defense expenditures. As scientific ocean research provides vital data for understanding the Earth’s oceans and atmosphere, defense systems worldwide increasingly resort to human-operated submersibles for retrieval of geological, biological, and archaeological cores. For example, according to the Stockholm International Peace Research Institute, Russian military spending saw an increase of 9.2% to approximately $86.4 billion in 2022, which amounts to 4.1% of the country’s GDP, a hike from 3.7% in 2021. Thus, the upward trend in ocean research and defense spending globally drives the autonomous underwater vehicles market forward.

Which Are The Main Segments In The Autonomous Underwater Vehicles Market?
The autonomous underwater vehicles market is segmented as follows:
1) By Type: Shallow, Medium, Large
2) By Payload Type: Cameras, Sensors, Synthetic Aperture Sonar, Echo Sounders, Acoustic Doppler Current Profilers
3) By Technology: Collision Avoidance, Communication, Imaging, Navigation, Propulsion
4) By Application: Archeological And Exploration, Environmental Protection And Monitoring, Military And Defense, Oceanography, Offshore Renewable Energy, Oil And Gas, Search And Salvage Operation

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Which Leading Companies Are Operating In The Autonomous Underwater Vehicles Market?
Prominent companies in the autonomous underwater vehicles market include Fugro N.V., Kongsberg Gruppen A.S.A, Boston Engineering Corporation, Teledyne Technologies Inc, The Boeing Company, Atlas Elektronik Gmbh, Riptide Autonomous Solutions, and several others.

What Key Trends Are Shaping The Autonomous Underwater Vehicles Market?
Technological advancements stand as a significant trend in the autonomous underwater vehicles market. Major players are focusing on developing advanced solutions to maintain their market position. For instance, in March 2022, Norway-based aerospace company Kongsberg Gruppen launched HUGIN Edge, a next-generation medium-sized autonomous underwater vehicle equipped with new battery technology.

Which Region Dominates The Autonomous Underwater Vehicles Market?
In 2024, Asia-Pacific occupied the largest share in the autonomous underwater vehicles market. Other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Autonomous Underwater Vehicles Market Report 2025 Offer?
Autonomous underwater vehicles (AUVs) are self-propelled, unmanned underwater tools used to perform routine tasks. These include gathering extensive visual seawater data, detection, mapping for various marine-based applications, and oceanographic research. The Autonomous Underwater Vehicles Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analyses, detailed segments, trends, and opportunities.

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