The global military unmanned underwater vehicles market has grown rapidly in recent years. It will grow from $3.6 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. During the historical period, growth within this sector was propelled by several key factors. These included strategic defense needs, initiatives focused on modernizing naval capabilities, efforts aimed at bolstering maritime border security, developments in underwater mine countermeasures, and the growing importance of environmental monitoring. These elements collectively contributed to the growth observed within this domain during that time.
The global military unmanned underwater vehicles market is expected to see rapid growth in the next few years. It will grow to $6.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. Anticipated growth in the upcoming forecast period is expected to stem from various factors, notably expanded mission capabilities, advancements in underwater communications, increased focus on environmental monitoring and research, a broader role in mine countermeasures, and enhancements in anti-submarine warfare. These elements are projected to drive growth within this sector. Key trends expected to define the forecast period encompass advancements in underwater swarm technology, a rise in collaborative efforts and joint ventures, a heightened emphasis on sustainability and environmental considerations, improvements in underwater communication capabilities, and the integration of artificial intelligence and data analytics. These trends are anticipated to significantly influence and shape the direction of the industry in the forthcoming period.
The anticipated rise in defense budgets is poised to drive the military unmanned underwater vehicles (UUV) market in the coming years. Defense budgets encompass financial provisions allocated by governments to fund military-related activities. An increase in these budgets empowers nations to invest in research, development, procurement, and integration of UUVs, stimulating the expansion of this market. As per the Stockholm International Peace Research Institute report in April 2023, global military spending surged to a record high of $2,240 billion in 2022, with a significant 13% growth in Europe. Leading contributors, including the United States and China, maintained their positions, jointly comprising 52% of the global expenditure. This escalating defense expenditure significantly propels the growth trajectory of the military UUV market.
The escalating threat of terrorism is anticipated to drive growth within the military unmanned underwater vehicles market. Terrorism, characterized by violent acts endangering lives, poses a growing concern in maritime environments. The increasing need for robust security solutions has led to the adoption of sophisticated tools like military UUVs, recognized for their effectiveness in addressing such threats. According to the Center for Strategic and International Studies (CSIS) report in May 2022, there was a 53% surge in terrorist attacks in 2021. A notable 43% of these incidents targeted government, armed forces, and law enforcement entities, emphasizing the pressing need for enhanced security measures, thus driving the demand for military UUVs.
The evolution of dispersed maritime operations emerges as a prominent trend shaping the military UUV market. Major players in this sector are focusing on developing and implementing dispersed marine operations to reinforce their market presence. For instance, in 2022, the US Navy selected the REMUS 300 as its next-generation small unmanned undersea vehicle (SUUV), aimed at enhancing distributed marine operations by fulfilling crucial underwater tasks.
Innovative developments in autonomous underwater vehicles (AUVs) represent a strategic initiative within major companies operating in the military UUV market. AUVs, unmanned submersibles functioning autonomously underwater, are being introduced to cater to wider customer bases, drive sales, and augment revenue. For example, in August 2023, Garden Reach Shipbuilders and Engineers (GRSE) launched Neerakshi, an AUV designed for diverse military operations. Boasting advanced mine-detection and search-and-rescue capabilities, Neerakshi is tailored for mine countermeasures (MCM) support and underwater structure monitoring. This cutting-edge technology contributes significantly to anti-submarine warfare (ASW) training for naval vessels.
In February 2022, Anduril Industries Inc., a prominent defense company based in the United States, successfully acquired Dive Technologies for an undisclosed sum. This strategic acquisition signifies a substantial expansion for Anduril, amplifying its array of autonomous systems and venturing into the realm of undersea operations. The acquisition aims to accelerate Anduril's strategic growth trajectory, enabling Dive, the newly acquired entity, to rapidly enhance its workforce, technology, and production capabilities. The overarching objective is to furnish military partners with a heightened strategic edge while furnishing commercial clients with dependable technology for deep-sea exploration. Dive Technologies, based in the US, specializes in providing autonomous underwater vehicles (AUVs).
Major companies operating in the military unmanned underwater vehicles market report are Kongsberg Maritime, Lockheed Martin Corporation, Saab AB, Atlas Elektronik, Teledyne Technologies Incorporated, Boeing, General Dynamics Corporation, Gabri SRL, Eca Group, International Submarine Engineering, L3 Harris Technologies Inc., Fugro N.V, Oceaneering International Inc., Blue Robotics Inc., Riptide Autonomous Solutions LLC, Aquabotix Technology Corporation, Deep Ocean Engineering, Eelume AS, Epsilon Systems Solutions, Forum Energy Technologies, Greensea Systems Inc., Hydroid Inc., Kraken Robotics, Ocean Infinity, Planck Aerosystems, Sea Machines Robotics, Sonardyne International Ltd., Subsea 7, Thales Group, The Boeing Company, Gabri SRL, Liquid Robotics
North America was the largest region in the military unmanned underwater vehicles market share in 2023. The regions covered in the military unmanned underwater vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the military unmanned underwater vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The realm of military unmanned underwater vehicles, the primary products encompass remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs). Remotely operated vehicles function underwater and are controlled remotely from the surface, utilizing various propulsion systems such as electric, mechanical, and hybrid technologies. Their versatile applications range from search and rescue operations to defense-related tasks, showcasing their adaptability and significance in diverse scenarios.
This report provides military unmanned underwater vehicles market statistics, including military unmanned underwater vehicles industry global market size, regional shares, competitors with a military unmanned underwater vehicles market share, detailed military unmanned underwater vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the military unmanned underwater vehicles industry. This military unmanned underwater vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The military unmanned underwater vehicles market consists of sales of Light work class ROV, observation class ROV, micro or mini ROV, mobot, and other types. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The global military unmanned underwater vehicles market is expected to see rapid growth in the next few years. It will grow to $6.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. Anticipated growth in the upcoming forecast period is expected to stem from various factors, notably expanded mission capabilities, advancements in underwater communications, increased focus on environmental monitoring and research, a broader role in mine countermeasures, and enhancements in anti-submarine warfare. These elements are projected to drive growth within this sector. Key trends expected to define the forecast period encompass advancements in underwater swarm technology, a rise in collaborative efforts and joint ventures, a heightened emphasis on sustainability and environmental considerations, improvements in underwater communication capabilities, and the integration of artificial intelligence and data analytics. These trends are anticipated to significantly influence and shape the direction of the industry in the forthcoming period.
The anticipated rise in defense budgets is poised to drive the military unmanned underwater vehicles (UUV) market in the coming years. Defense budgets encompass financial provisions allocated by governments to fund military-related activities. An increase in these budgets empowers nations to invest in research, development, procurement, and integration of UUVs, stimulating the expansion of this market. As per the Stockholm International Peace Research Institute report in April 2023, global military spending surged to a record high of $2,240 billion in 2022, with a significant 13% growth in Europe. Leading contributors, including the United States and China, maintained their positions, jointly comprising 52% of the global expenditure. This escalating defense expenditure significantly propels the growth trajectory of the military UUV market.
The escalating threat of terrorism is anticipated to drive growth within the military unmanned underwater vehicles market. Terrorism, characterized by violent acts endangering lives, poses a growing concern in maritime environments. The increasing need for robust security solutions has led to the adoption of sophisticated tools like military UUVs, recognized for their effectiveness in addressing such threats. According to the Center for Strategic and International Studies (CSIS) report in May 2022, there was a 53% surge in terrorist attacks in 2021. A notable 43% of these incidents targeted government, armed forces, and law enforcement entities, emphasizing the pressing need for enhanced security measures, thus driving the demand for military UUVs.
The evolution of dispersed maritime operations emerges as a prominent trend shaping the military UUV market. Major players in this sector are focusing on developing and implementing dispersed marine operations to reinforce their market presence. For instance, in 2022, the US Navy selected the REMUS 300 as its next-generation small unmanned undersea vehicle (SUUV), aimed at enhancing distributed marine operations by fulfilling crucial underwater tasks.
Innovative developments in autonomous underwater vehicles (AUVs) represent a strategic initiative within major companies operating in the military UUV market. AUVs, unmanned submersibles functioning autonomously underwater, are being introduced to cater to wider customer bases, drive sales, and augment revenue. For example, in August 2023, Garden Reach Shipbuilders and Engineers (GRSE) launched Neerakshi, an AUV designed for diverse military operations. Boasting advanced mine-detection and search-and-rescue capabilities, Neerakshi is tailored for mine countermeasures (MCM) support and underwater structure monitoring. This cutting-edge technology contributes significantly to anti-submarine warfare (ASW) training for naval vessels.
In February 2022, Anduril Industries Inc., a prominent defense company based in the United States, successfully acquired Dive Technologies for an undisclosed sum. This strategic acquisition signifies a substantial expansion for Anduril, amplifying its array of autonomous systems and venturing into the realm of undersea operations. The acquisition aims to accelerate Anduril's strategic growth trajectory, enabling Dive, the newly acquired entity, to rapidly enhance its workforce, technology, and production capabilities. The overarching objective is to furnish military partners with a heightened strategic edge while furnishing commercial clients with dependable technology for deep-sea exploration. Dive Technologies, based in the US, specializes in providing autonomous underwater vehicles (AUVs).
Major companies operating in the military unmanned underwater vehicles market report are Kongsberg Maritime, Lockheed Martin Corporation, Saab AB, Atlas Elektronik, Teledyne Technologies Incorporated, Boeing, General Dynamics Corporation, Gabri SRL, Eca Group, International Submarine Engineering, L3 Harris Technologies Inc., Fugro N.V, Oceaneering International Inc., Blue Robotics Inc., Riptide Autonomous Solutions LLC, Aquabotix Technology Corporation, Deep Ocean Engineering, Eelume AS, Epsilon Systems Solutions, Forum Energy Technologies, Greensea Systems Inc., Hydroid Inc., Kraken Robotics, Ocean Infinity, Planck Aerosystems, Sea Machines Robotics, Sonardyne International Ltd., Subsea 7, Thales Group, The Boeing Company, Gabri SRL, Liquid Robotics
North America was the largest region in the military unmanned underwater vehicles market share in 2023. The regions covered in the military unmanned underwater vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the military unmanned underwater vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The realm of military unmanned underwater vehicles, the primary products encompass remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs). Remotely operated vehicles function underwater and are controlled remotely from the surface, utilizing various propulsion systems such as electric, mechanical, and hybrid technologies. Their versatile applications range from search and rescue operations to defense-related tasks, showcasing their adaptability and significance in diverse scenarios.
This report provides military unmanned underwater vehicles market statistics, including military unmanned underwater vehicles industry global market size, regional shares, competitors with a military unmanned underwater vehicles market share, detailed military unmanned underwater vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the military unmanned underwater vehicles industry. This military unmanned underwater vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The military unmanned underwater vehicles market consists of sales of Light work class ROV, observation class ROV, micro or mini ROV, mobot, and other types. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Military Unmanned Underwater Vehicles Market Characteristics3. Military Unmanned Underwater Vehicles Market Trends and Strategies31. Global Military Unmanned Underwater Vehicles Market Competitive Benchmarking32. Global Military Unmanned Underwater Vehicles Market Competitive Dashboard33. Key Mergers and Acquisitions in the Military Unmanned Underwater Vehicles Market
4. Military Unmanned Underwater Vehicles Market - Macro Economic Scenario
5. Global Military Unmanned Underwater Vehicles Market Size and Growth
6. Military Unmanned Underwater Vehicles Market Segmentation
7. Military Unmanned Underwater Vehicles Market Regional and Country Analysis
8. Asia-Pacific Military Unmanned Underwater Vehicles Market
9. China Military Unmanned Underwater Vehicles Market
10. India Military Unmanned Underwater Vehicles Market
11. Japan Military Unmanned Underwater Vehicles Market
12. Australia Military Unmanned Underwater Vehicles Market
13. Indonesia Military Unmanned Underwater Vehicles Market
14. South Korea Military Unmanned Underwater Vehicles Market
15. Western Europe Military Unmanned Underwater Vehicles Market
16. UK Military Unmanned Underwater Vehicles Market
17. Germany Military Unmanned Underwater Vehicles Market
18. France Military Unmanned Underwater Vehicles Market
19. Italy Military Unmanned Underwater Vehicles Market
20. Spain Military Unmanned Underwater Vehicles Market
21. Eastern Europe Military Unmanned Underwater Vehicles Market
22. Russia Military Unmanned Underwater Vehicles Market
23. North America Military Unmanned Underwater Vehicles Market
24. USA Military Unmanned Underwater Vehicles Market
25. Canada Military Unmanned Underwater Vehicles Market
26. South America Military Unmanned Underwater Vehicles Market
27. Brazil Military Unmanned Underwater Vehicles Market
28. Middle East Military Unmanned Underwater Vehicles Market
29. Africa Military Unmanned Underwater Vehicles Market
30. Military Unmanned Underwater Vehicles Market Competitive Landscape and Company Profiles
34. Military Unmanned Underwater Vehicles Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on military unmanned underwater vehicles market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for military unmanned underwater vehicles? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Report Scope
Markets Covered:
1) By Product Type: Remotely Operated Vehicle; Autonomous Underwater Vehicle2) By Propulsion System: Electric System; Mechanical System; Hybrid System
3) By Application: Search and Rescue; Defense
Key Companies Mentioned: Kongsberg Maritime; Lockheed Martin Corporation; Saab AB; Atlas Elektronik; Teledyne Technologies Incorporated
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kongsberg Maritime
- Lockheed Martin Corporation
- Saab AB
- Atlas Elektronik
- Teledyne Technologies Incorporated
- Boeing
- General Dynamics Corporation
- Gabri SRL
- Eca Group
- International Submarine Engineering
- L3 Harris Technologies inc
- Fugro N.V
- Oceaneering International Inc.
- Blue Robotics Inc.
- Riptide Autonomous Solutions LLC
- Aquabotix Technology Corporation
- Deep Ocean Engineering
- Eelume AS
- Epsilon Systems Solutions
- Forum Energy Technologies
- Greensea Systems Inc.
- Hydroid Inc.
- Kraken Robotics
- Ocean Infinity
- Planck Aerosystems
- Sea Machines Robotics
- Sonardyne International Ltd.
- Subsea 7
- Thales Group
- The Boeing Company
- Gabri SRL
- Liquid Robotics
Methodology
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