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Autonomous Underwater Vehicle Market

ID: MRFR/AD/5915-CR
160 Pages
Swapnil Palwe
April 2020

Autonomous Underwater Vehicle Market Research Report Information By Type (Shallow, Medium and Large), Technology (Communication, Collision Avoidance, Navigation, Imaging and Propulsion), Payload (Sensors, Cameras, Synthetic Aperture Sonars, Echo Sounders, Acoustic Doppler Current Profilers (ADCPs) and Others), Application (Military & Defense, Oil & Gas, Oceanography, Environmental Protection and Monitoring, Archaeological and Exploration and Search and Salvage Operations) - Forecast to 2030

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Summary Table of Contents Segmentation Download PDF

Autonomous Underwater Vehicle Market Summary

As per Market Research Future Analysis, the global Autonomous Underwater Vehicle Market (AUV) market is projected to grow at a CAGR of 17.89% from 2020 to 2030, reaching an estimated valuation of USD 9,389.9 million by 2030. AUVs operate without human intervention and are utilized across various sectors, including oil and gas, military, oceanography, and environmental monitoring. The market is driven by increasing demand in the oil and gas industry and rising military expenditures, although challenges such as high operational costs and limited flight range may hinder growth. The COVID-19 pandemic has impacted production and demand, but recovery is anticipated as defense budgets are expected to increase. Recent advancements in AUV technology, including improved battery life and operational capabilities, are expected to further enhance market growth.

Key Market Trends & Highlights

Key trends influencing the Autonomous Underwater Vehicle Market include technological advancements and increased military applications.

  • Market growth driven by increasing capital expenditure in the offshore oil and gas industry.
  • AUV market expected to recover post-COVID-19 with enhanced military spending.
  • ROV segment held 46.2% market share in 2020, indicating strong demand for unmanned underwater vehicles.
  • North America dominated the market with a 34.5% share in 2020, supported by technological advancements.

Market Size & Forecast

Market Size in 2020 USD 2,500 million
Projected Market Size by 2030 USD 9,389.9 million
CAGR from 2020 to 2030 17.89%

Major Players

Boston Engineering Corporation (US), Kongsberg Maritime (Norway), The ECA Group (France), Teledyne Technologies Incorporated (US), Lockheed Martin Corporation (US), General Dynamics Corporation (US), Graal Tech Srl (Italy), Saab AB (Sweden), Fugro (Netherlands), International Submarine Engineering Limited (Canada)

Autonomous Underwater Vehicle Market Trends

The report highlights that the Market development includes its revenue hike's growth potential by the end of the forecast years.

 

Autonomous Underwater Vehicle Market Drivers

Rising Demand for Marine Exploration

The Global Autonomous Underwater Vehicle Industry experiences a surge in demand driven by the increasing need for marine exploration. Governments and research institutions are investing in AUVs to explore ocean depths, which remain largely uncharted. For instance, the National Oceanic and Atmospheric Administration (NOAA) emphasizes the importance of understanding marine ecosystems, leading to a projected market value of 2.67 USD Billion in 2024. This trend is expected to escalate as more countries recognize the economic and environmental benefits of marine research, potentially contributing to the market's growth trajectory.

Key Companies in the Autonomous Underwater Vehicle Market market include

Industry Developments

  • Q2 2024: Saab wins $50 million contract to supply autonomous underwater vehicles to the U.S. Navy Saab announced it has secured a $50 million contract to deliver advanced autonomous underwater vehicles (AUVs) for mine countermeasure operations to the U.S. Navy, marking a significant expansion of its defense technology footprint.
  • Q2 2024: Kongsberg opens new AUV manufacturing facility in Norway Kongsberg Gruppen inaugurated a state-of-the-art manufacturing facility dedicated to autonomous underwater vehicles in Horten, Norway, aiming to scale up production to meet rising global demand for maritime robotics.
  • Q1 2024: Ocean Infinity secures $30 million funding round to expand AUV fleet Ocean Infinity, a leader in marine robotics, closed a $30 million funding round led by institutional investors to accelerate the expansion of its autonomous underwater vehicle fleet for deep-sea exploration and data services.
  • Q2 2024: Hydromea partners with Shell for autonomous underwater inspection pilot Swiss startup Hydromea announced a partnership with Shell to deploy its wireless AUVs for subsea infrastructure inspection, marking a major step in commercializing autonomous underwater robotics for the energy sector.
  • Q3 2024: Teledyne Marine launches new G3 AUV platform for scientific research Teledyne Marine unveiled its next-generation G3 autonomous underwater vehicle, designed for extended-range oceanographic research missions, featuring enhanced battery life and advanced sensor integration.
  • Q1 2024: Bluefin Robotics awarded contract for autonomous mine-hunting vehicles by UK Ministry of Defence Bluefin Robotics, a subsidiary of General Dynamics, announced a contract win from the UK Ministry of Defence to supply autonomous underwater vehicles for mine-hunting operations in the Royal Navy.
  • Q2 2025: L3Harris Technologies acquires DeepSea Robotics to expand AUV portfolio L3Harris Technologies completed the acquisition of DeepSea Robotics, a specialist in compact autonomous underwater vehicles, strengthening its position in the defense and commercial maritime robotics market.
  • Q1 2025: ECA Group secures €20 million contract for AUVs with French Navy ECA Group announced it has signed a €20 million contract to deliver autonomous underwater vehicles for mine countermeasure missions to the French Navy, supporting naval modernization efforts.
  • Q3 2024: Fugro launches new deepwater AUV for offshore energy sector Fugro introduced a new deepwater autonomous underwater vehicle designed for high-resolution seabed mapping and inspection, targeting the growing needs of the offshore oil and gas industry.
  • Q2 2024: Sonardyne and SeeByte announce partnership for advanced AUV navigation systems Sonardyne and SeeByte revealed a strategic partnership to co-develop next-generation navigation and autonomy solutions for commercial and defense autonomous underwater vehicles.
  • Q1 2025: China's SMD launches new commercial AUV for marine survey market SMD, a leading Chinese subsea technology company, launched a new commercial autonomous underwater vehicle aimed at the marine survey and environmental monitoring sectors.
  • Q2 2025: Kongsberg Gruppen appoints new CEO to lead AUV business expansion Kongsberg Gruppen announced the appointment of a new CEO, signaling a strategic focus on expanding its autonomous underwater vehicle business in global defense and commercial markets.

Recent Development

In February 2020, Lockheed Martin won a two-year USD 12.3 Million agreement to help the Defense Advanced Projects Agency assemble and exhibit an additional huge Autonomous Underwater Vehicle Market.

In December 2019, Sweden's FMV granted an agreement to Saab AB for a self-impelled maritime mine turn of events. The new maritime mine will be founded on Autonomous Underwater Vehicle Market (UAV) innovation.

Market Report

Market overview

  • Global recognition of Market Analysis
  •  Analysis based upon COVID 19
  • Explanation upon the Market Outlook
  • Value chain analysis for the Market Report.

 

Future Outlook

Autonomous Underwater Vehicle Market Future Outlook

The Autonomous Underwater Vehicle Market is projected to grow at a 20.82% CAGR from 2024 to 2035, driven by advancements in marine exploration, defense applications, and environmental monitoring.

New opportunities lie in:

  • Develop AI-driven navigation systems to enhance operational efficiency. Expand into renewable energy sectors for underwater inspections. Leverage partnerships with research institutions for innovative AUV applications.

By 2035, the market is expected to reach a robust position, reflecting substantial growth and innovation.

Market Segmentation

Market Report

  • Value chain analysis for the Market Report.
  • Explanation upon the Market Outlook
  •  Analysis based upon COVID 19
  • Global recognition of Market Analysis
  • Recent Developments of Market Trends
  • Competitive landscape analysis
  • The regional analysis of Market Forecast overview

Market overview

  • Value chain analysis for the Market Report.
  • Explanation upon the Market Outlook
  •  Analysis based upon COVID 19
  • Global recognition of Market Analysis
  • Recent Developments of Market Trends
  • Competitive landscape analysis
  • The regional analysis of Market Forecast overview

Key Market Players

  • International Submarine Engineering Limited (Canada)
  • Fugro (Netherlands)
  • Saab AB (Sweden)
  • Graal Tech Srl (Italy)
  • General Dynamics Corporation (US)
  • Lockheed Martin Corporation (US)
  • Teledyne Technologies Incorporated (US)
  • The ECA Group (France)
  • Kongsberg Maritime (Norway)
  • Boston Engineering Corporation (US)

Market segmentation overview

  • Recent Developments of Market Trends
  • Competitive landscape analysis
  • The regional analysis of Market Forecast overview

Autonomous Underwater Vehicle Market Industry Developments

  • Q2 2024: Saab wins $50 million contract to supply autonomous underwater vehicles to the U.S. Navy Saab announced it has secured a $50 million contract to deliver advanced autonomous underwater vehicles (AUVs) for mine countermeasure operations to the U.S. Navy
  • marking a significant expansion of its defense technology footprint.
  • Q2 2024: Kongsberg opens new AUV manufacturing facility in Norway Kongsberg Gruppen inaugurated a state-of-the-art manufacturing facility dedicated to autonomous underwater vehicles in Horten
  • Norway
  • aiming to scale up production to meet rising global demand for maritime robotics.
  • Q1 2024: Ocean Infinity secures $30 million funding round to expand AUV fleet Ocean Infinity
  • a leader in marine robotics
  • closed a $30 million funding round led by institutional investors to accelerate the expansion of its autonomous underwater vehicle fleet for deep-sea exploration and data services.
  • Q2 2024: Hydromea partners with Shell for autonomous underwater inspection pilot Swiss startup Hydromea announced a partnership with Shell to deploy its wireless AUVs for subsea infrastructure inspection
  • marking a major step in commercializing autonomous underwater robotics for the energy sector.
  • Q3 2024: Teledyne Marine launches new G3 AUV platform for scientific research Teledyne Marine unveiled its next-generation G3 autonomous underwater vehicle
  • designed for extended-range oceanographic research missions
  • featuring enhanced battery life and advanced sensor integration.
  • Q1 2024: Bluefin Robotics awarded contract for autonomous mine-hunting vehicles by UK Ministry of Defence Bluefin Robotics
  • a subsidiary of General Dynamics
  • announced a contract win from the UK Ministry of Defence to supply autonomous underwater vehicles for mine-hunting operations in the Royal Navy.
  • Q2 2025: L3Harris Technologies acquires DeepSea Robotics to expand AUV portfolio L3Harris Technologies completed the acquisition of DeepSea Robotics
  • a specialist in compact autonomous underwater vehicles
  • strengthening its position in the defense and commercial maritime robotics market.
  • Q1 2025: ECA Group secures €20 million contract for AUVs with French Navy ECA Group announced it has signed a €20 million contract to deliver autonomous underwater vehicles for mine countermeasure missions to the French Navy
  • supporting naval modernization efforts.
  • Q3 2024: Fugro launches new deepwater AUV for offshore energy sector Fugro introduced a new deepwater autonomous underwater vehicle designed for high-resolution seabed mapping and inspection
  • targeting the growing needs of the offshore oil and gas industry.
  • Q2 2024: Sonardyne and SeeByte announce partnership for advanced AUV navigation systems Sonardyne and SeeByte revealed a strategic partnership to co-develop next-generation navigation and autonomy solutions for commercial and defense autonomous underwater vehicles.
  • Q1 2025: China's SMD launches new commercial AUV for marine survey market SMD
  • a leading Chinese subsea technology company
  • launched a new commercial autonomous underwater vehicle aimed at the marine survey and environmental monitoring sectors.
  • Q2 2025: Kongsberg Gruppen appoints new CEO to lead AUV business expansion Kongsberg Gruppen announced the appointment of a new CEO
  • signaling a strategic focus on expanding its autonomous underwater vehicle business in global defense and commercial markets.

Report Scope

{"0"=>{"market_size"=>"USD 9,389.9 Million"}, "1"=>{"cagr"=>"17.89%"}, "2"=>{"base_year"=>"2019"}, "3"=>{"forecast_period"=>"2030"}, "4"=>{"historical_data"=>"2018"}, "5"=>{"forecast_units"=>"Value (USD Million)"}, "6"=>{"report_coverage"=>"Revenue Forecast, Competitive Landscape, Growth Factors, and Trends"}, "7"=>{"segments_covered"=>"By Type, Technology, Payload, Application"}, "8"=>{"geographies_covered"=>"North America, Europe, Asia-Pacific, Canada"}, "9"=>{"key_vendors"=>"Boston Engineering Corporation (US),,Kongsberg Maritime (Norway),,The ECA Group (France),,Teledyne Technologies Incorporated (US),,Lockheed Martin Corporation (US),,General Dynamics Corporation (US),,Graal Tech Srl (Italy),,Saab AB (Sweden),,Fugro (Netherlands)"}, "10"=>{"key_market_opportunities"=>"Development and Incorporation of Advanced Technologies in AUVs are creating opportunities for increasing the Autonomous Underwater Vehicle Market Revenue."}, "11"=>{"key_market_drivers"=>"Increasing Capital Expenditure of Companies in the Offshore Oil and Gas Industry is driving the growth of the Autonomous Underwater Vehicle market."}}

Market Highlights

Author
Swapnil Palwe
Team Lead - Research

With a technical background as Bachelor's in Mechanical Engineering, with MBA in Operations Management , Swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the Automotive/A&D domain. Swapnil has worked on major projects in verticals such as Aerospace & Defense, Automotive and many other domain projects. He has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.

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FAQs

What is the CAGR for autonomous underwater vehicle industry?

Autonomous underwater vehicle (AUV) market is expected to grow at a CAGR 17.89%by 2030.

What are the top players operating in the Autonomous underwater vehicle (AUV) Market?

Top vendirds anticipated for driving the AUV market growth during the forecast are Boston Engineering Corporation (US),,Kongsberg Maritime (Norway),,The ECA Group (France),,Teledyne Technologies Incorporated (US),,Lockheed Martin Corporation (US),,General Dynamics Corporation (US),,Graal Tech Srl (Italy),,Saab AB (Sweden),,Fugro (Netherlands)

Who are key players of the autonomous underwater vehicle market?

Lockheed Martin Corporation (US), General Dynamics Corporation (US), Fugro (Netherlands), and Kongsberg Maritime (Norway) are some reputed names in the autonomous underwater vehicle market.

What is the autonomous underwater vehicle industry driver?

Rapid development in GPS technology can promote the autonomous underwater vehicle market.

What is the autonomous underwater vehicleindustry restrain?

The unavailability of expertise to hinder the autonomous underwater vehicle market.

What is the valuation of the autonomous underwater vehicle market?

By 2030, the autonomous underwater vehicle market value can touch USD 9,389.9 million.

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