The Unmanned Underwater Vehicles (UUVs) market has been experiencing significant growth due to advancements in technology, increasing defense budgets, and rising demand for ocean exploration and resource extraction. Below is an overview of the market size and key trends as of recent data

Download Sample Ask for Discount Request Customization
Market Size (2023 and Beyond)
-
2023The global UUV market size was estimated to be around 2.5billionto2.5billionto3 billion.
-
Projected GrowthThe market is expected to grow at a Compound Annual Growth Rate (CAGR) of 12% to 15% from 2023 to 2030.
-
2030 ProjectionThe market is anticipated to reach 6billionto6billionto8 billion by 2030.
-
Key Drivers of Growth
-
Defense and Military Applications
-
Increasing use of UUVs for mine countermeasures, surveillance, and reconnaissance.
-
Rising investments in autonomous underwater systems by navies worldwide.
-
Oil and Gas Industry
-
Scientific Research and Exploration
-
Technological Advancements
-
Improvements in battery life, autonomy, and sensor technologies.
-
Integration of AI and machine learning for enhanced navigation and data analysis.
-
Commercial Applications
Technological Advancements Expected to Drive the Market Growth
Unmanned underwater vehicle industry stakeholders are in the process of enhancing the battery duration, autonomy, and manipulation capacity to drive sales in the commercial market. They have an average battery life of less than 24 hours, and when it is necessary for them to work in deep water, thrusters use most of the power. The small capacity of unmanned underwater vehicles necessitates the demand for human intervention to charge them. The emergence of autonomous underwater vehicles that facilitates the utilization of nickel-metal hydride (NiMH) batteries is likely to enhance market growth. They have a slower rate of degradation and fewer leakage opportunities during accidents, making them a better option than lithium-ion batteries. Growing applications of nickel-metal hydride in high-speed unmanned underwater vehicles are likely to enhance the market demand worldwide. The onboard sensors employed in unmanned underwater vehicles, combined with technological innovations, can reduce the rate of power consumption of the electronic devices employed in unmanned underwater vehicles. Technologies are designed that have the capability to charge autonomous underwater vehicles underwater. UUV is combined with navigation, communication, and imaging technologies, and these can offer high-resolution seafloor mapping in the deep ocean. Market players are investing heavily in high-end investments for the research and development processes and discovering superior technologies that can provide their data collection capability and longevity and stabilize their stable sonar resolution. Thus, the combination of the superior technologies in unmanned underwater vehicles and the continued technological advancements are likely to support the global unmanned underwater vehicles market growth during the next five years.
Concerns regarding Maritime Security and Naval Security Support the High Market Demand
Maritime privacy and maritime security issues are dangers to the international shipping sector that can be a threat to human life and lead to economic losses. Port security, migrant smuggling, and drug smuggling are some of the regular operations that are negatively impacting maritime security. Anxious authorities are turning to the utilization of unmanned underwater vehicles to enhance maritime security and counter such threats through intelligence, surveillance, and reconnaissance (ISR) operations. Unmanned underwater vehicles are also referred to as underwater drones, underwater robots, and underwater submarines. For subsea operations, unmanned underwater vehicles are increasingly being utilized by the military, navy, and coastal security forces for various purposes, such as anti-submarine warfare, inspection/identification, and mine countermeasures. The increasing demand for unmanned underwater vehicles in the United States, Canada, and China is likely to drive the market growth during the forecast period.
Market Segmentation

Download Sample Ask for Discount Request Customization
In terms of country, the United States is anticipated to hold a significant market share in the forecast period due to high defense expenditure to build a strong naval fleet in the country.
Market Players
SAAB Seaeye, Lockheed Martin Corporation, Kongsberg Gruppen, Teledyne Technologies, Oceaneering International Inc., BAE Systems, Bluefin Robotics, International Submarine Engineering, Atlas Elektronik, Boston Engineering Corporation, are the major market players operating in the global unmanned underwater vehicles market.
Attribute
|
Details
|
Base Year
|
2021
|
Historic Data
|
2017 – 2020
|
Estimated Year
|
2022
|
Forecast Period
|
2023 – 2027
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth factors, and trends
|
Segments covered
|
· Type
· Shape
· Application
|
Regional scope
|
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
|
Country scope
|
United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey
|
Key companies profiled
|
SAAB Seaeye, Lockheed Martin Corporation, Kongsberg Gruppen, Teledyne Technologies , Oceaneering International Inc., BAE Systems , Bluefin Robotics, International Submarine Engineering, Atlas Elektronik, Boston Engineering Corporation
|
Customization scope
|
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
|