This report describes and explains the military unmanned underwater vehicles market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global military unmanned underwater vehicles market reached a value of nearly $3.94 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.16% since 2019. The market is expected to grow from $3.94 billion in 2024 to $5.78 billion in 2029 at a rate of 7.93%. The market is then expected to grow at a CAGR of 7.41% from 2029 and reach $8.26 billion in 2034.
Growth in the historic period resulted from the increasing defense budget allocation, rising terrorist activities, rise in maritime security threats and increasing frequency of underwater search operation. Factors that negatively affected growth in the historic period were lack of seafarers professionals and limited payload capacity.
Going forward, favorable government initiatives, expansion of naval fleets, increasing military modernization and increasing adoption of unmanned vehicles will drive the growth. Factor that could hinder the growth of the military unmanned underwater vehicles market in the future include high development costs and cybersecurity risks.
North America was the largest region in the military unmanned underwater vehicles market, accounting for 40.04% or $1.58 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the military unmanned underwater vehicles market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 10.02% and 8.19% respectively. These will be followed by South America and North America where the markets are expected to grow at CAGRs of 7.40% and 7.13% respectively.
The global military unmanned underwater vehicles market is fairly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 18.84% of the total market in 2023. Kongsberg Maritime was the largest competitor with a 3.53% share of the market, followed by Lockheed Martin Corporation with 2.68%, General Dynamics Corp. with 2.41%, Saab AB with 2.26%, The Boeing Company with 2.06%, Teledyne Marine (Teledyne Technologies Inc.) with 1.51%, L3 Harris Technologies Inc. with 1.37%, Oceaneering International, Inc. with 1.30%, Atlas Elektronik with 0.88% and Huntington Ingalls Industries (HII) (Hydroid Inc.) with 0.84%.
The military unmanned underwater vehicles market is segmented by product type into remotely operated vehicle, autonomous underwater vehicle and hybrid underwater vehicles. The remotely operated vehicle market was the largest segment of the military unmanned underwater vehicles market segmented by product type, accounting for 54.65% or $2.15 billion of the total in 2024. Going forward, the autonomous underwater vehicle segment is expected to be the fastest growing segment in the military unmanned underwater vehicles market segmented by product type, at a CAGR of 8.73% during 2024-2029.
The military unmanned underwater vehicles market is segmented by propulsion system into electric system, mechanical system, hybrid system and other propulsion system. The electric system market was the largest segment of the military unmanned underwater vehicles market segmented by propulsion system, accounting for 38.02% or $1.5 billion of the total in 2024. Going forward, the electric system segment is expected to be the fastest growing segment in the military unmanned underwater vehicles market segmented by propulsion system, at a CAGR of 10.00% during 2024-2029.
The military unmanned underwater vehicles market is segmented by application into search and rescue, defense and other applications. The defense market was the largest segment of the military unmanned underwater vehicles market segmented by application, accounting for 62.01% or $2.44 billion of the total in 2024. Going forward, the search and rescue segment is expected to be the fastest growing segment in the military unmanned underwater vehicles market segmented by application, at a CAGR of 9.32% during 2024-2029.
The top opportunities in the military unmanned underwater vehicles markets segmented by product type will arise in the remotely operated vehicle segment, which will gain $928.79 million of global annual sales by 2029. The top opportunities in the military unmanned underwater vehicles markets segmented by propulsion system will arise in the electric system segment, which will gain $916.69 million of global annual sales by 2029. The top opportunities in the military unmanned underwater vehicles markets segmented by application will arise in the defense segment, which will gain $1.04 billion of global annual sales by 2029. The military unmanned underwater vehicles market size will gain the most in the USA at $550.02 million.
Market-trend-based strategies for the military unmanned underwater vehicles market include innovative large unmanned underwater vehicles enhancing military capabilities, innovative compact UUVs enhancing naval and commercial capabilities, advancements in autonomous underwater vehicles for enhanced maritime capabilities and strategic collaborations driving advancements in military unmanned underwater vehicles.
Player-adopted strategies in the military unmanned underwater vehicles market include focus on strengthening operational capabilities through strategic partnerships and strengthening business operations through the new strategies and investments.
To take advantage of the opportunities, the analyst recommends the military unmanned underwater vehicle to focus on advancing large unmanned underwater vehicle capabilities, focus on expanding compact UUV capabilities for multi-domain operations, focus on advancing autonomous underwater vehicle development, focus on autonomous underwater vehicle market growth, focus on electric system market growth, expand in emerging markets, focus on strategic collaborations to drive technological innovation, focus on developing competitive and flexible pricing strategies, focus on targeted promotional campaigns, focus on building strategic relationships for long-term promotion and focus on search and rescue market growth.
The global military unmanned underwater vehicles market reached a value of nearly $3.94 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.16% since 2019. The market is expected to grow from $3.94 billion in 2024 to $5.78 billion in 2029 at a rate of 7.93%. The market is then expected to grow at a CAGR of 7.41% from 2029 and reach $8.26 billion in 2034.
Growth in the historic period resulted from the increasing defense budget allocation, rising terrorist activities, rise in maritime security threats and increasing frequency of underwater search operation. Factors that negatively affected growth in the historic period were lack of seafarers professionals and limited payload capacity.
Going forward, favorable government initiatives, expansion of naval fleets, increasing military modernization and increasing adoption of unmanned vehicles will drive the growth. Factor that could hinder the growth of the military unmanned underwater vehicles market in the future include high development costs and cybersecurity risks.
North America was the largest region in the military unmanned underwater vehicles market, accounting for 40.04% or $1.58 billion of the total in 2024. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the military unmanned underwater vehicles market will be Asia-Pacific and Western Europe where growth will be at CAGRs of 10.02% and 8.19% respectively. These will be followed by South America and North America where the markets are expected to grow at CAGRs of 7.40% and 7.13% respectively.
The global military unmanned underwater vehicles market is fairly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 18.84% of the total market in 2023. Kongsberg Maritime was the largest competitor with a 3.53% share of the market, followed by Lockheed Martin Corporation with 2.68%, General Dynamics Corp. with 2.41%, Saab AB with 2.26%, The Boeing Company with 2.06%, Teledyne Marine (Teledyne Technologies Inc.) with 1.51%, L3 Harris Technologies Inc. with 1.37%, Oceaneering International, Inc. with 1.30%, Atlas Elektronik with 0.88% and Huntington Ingalls Industries (HII) (Hydroid Inc.) with 0.84%.
The military unmanned underwater vehicles market is segmented by product type into remotely operated vehicle, autonomous underwater vehicle and hybrid underwater vehicles. The remotely operated vehicle market was the largest segment of the military unmanned underwater vehicles market segmented by product type, accounting for 54.65% or $2.15 billion of the total in 2024. Going forward, the autonomous underwater vehicle segment is expected to be the fastest growing segment in the military unmanned underwater vehicles market segmented by product type, at a CAGR of 8.73% during 2024-2029.
The military unmanned underwater vehicles market is segmented by propulsion system into electric system, mechanical system, hybrid system and other propulsion system. The electric system market was the largest segment of the military unmanned underwater vehicles market segmented by propulsion system, accounting for 38.02% or $1.5 billion of the total in 2024. Going forward, the electric system segment is expected to be the fastest growing segment in the military unmanned underwater vehicles market segmented by propulsion system, at a CAGR of 10.00% during 2024-2029.
The military unmanned underwater vehicles market is segmented by application into search and rescue, defense and other applications. The defense market was the largest segment of the military unmanned underwater vehicles market segmented by application, accounting for 62.01% or $2.44 billion of the total in 2024. Going forward, the search and rescue segment is expected to be the fastest growing segment in the military unmanned underwater vehicles market segmented by application, at a CAGR of 9.32% during 2024-2029.
The top opportunities in the military unmanned underwater vehicles markets segmented by product type will arise in the remotely operated vehicle segment, which will gain $928.79 million of global annual sales by 2029. The top opportunities in the military unmanned underwater vehicles markets segmented by propulsion system will arise in the electric system segment, which will gain $916.69 million of global annual sales by 2029. The top opportunities in the military unmanned underwater vehicles markets segmented by application will arise in the defense segment, which will gain $1.04 billion of global annual sales by 2029. The military unmanned underwater vehicles market size will gain the most in the USA at $550.02 million.
Market-trend-based strategies for the military unmanned underwater vehicles market include innovative large unmanned underwater vehicles enhancing military capabilities, innovative compact UUVs enhancing naval and commercial capabilities, advancements in autonomous underwater vehicles for enhanced maritime capabilities and strategic collaborations driving advancements in military unmanned underwater vehicles.
Player-adopted strategies in the military unmanned underwater vehicles market include focus on strengthening operational capabilities through strategic partnerships and strengthening business operations through the new strategies and investments.
To take advantage of the opportunities, the analyst recommends the military unmanned underwater vehicle to focus on advancing large unmanned underwater vehicle capabilities, focus on expanding compact UUV capabilities for multi-domain operations, focus on advancing autonomous underwater vehicle development, focus on autonomous underwater vehicle market growth, focus on electric system market growth, expand in emerging markets, focus on strategic collaborations to drive technological innovation, focus on developing competitive and flexible pricing strategies, focus on targeted promotional campaigns, focus on building strategic relationships for long-term promotion and focus on search and rescue market growth.
Major Market Trends
- Innovative Large Unmanned Underwater Vehicles Enhancing Military Capabilities
- Innovative Compact UUVs Enhancing Naval and Commercial Capabilities
- Advancements in Autonomous Underwater Vehicles for Enhanced Maritime Capabilities
- Strategic Collaborations Driving Advancements in Military Unmanned Underwater Vehicles
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Military Unmanned Underwater Vehicles Growth Analysis and Strategic Analysis Framework
9 Global Military Unmanned Underwater Vehicles Market Segmentation
10 Military Unmanned Underwater Vehicles Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in the Military Unmanned Underwater Vehicles Market
24 Opportunities and Strategies
25 Military Unmanned Underwater Vehicle Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Military Unmanned Underwater Vehicles Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global military unmanned underwater vehicles market as it emerges from the COVID-19 shut down.Reasons to Purchase
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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? The military unmanned underwater vehicles market global 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 history and forecasts market growth by geography. It places the market within the context of the wider military unmanned underwater vehicles; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by propulsion system and by application.
- Major Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional and Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product type, by propulsion system and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for military unmanned underwater vehicles market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) by Product Type: Remotely Operated Vehicle; Hybrid Underwater Vehicles; Autonomous Underwater Vehicle
2) by Propulsion System: Electric System; Mechanical System; Hybrid System; Other Propulsion System
3) by Application: Search and Rescue; Defense; Other Applications
Key Companies Profiled: Kongsberg Maritime; Lockheed Martin Corporation; General Dynamics Corp; Saab AB; the Boeing Company
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
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; military unmanned underwater vehicles indicators comparison.
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."
Companies Mentioned
The companies featured in this Military Unmanned Underwater Vehicles market report include:- Kongsberg Maritime
- Lockheed Martin Corporation
- General Dynamics Corp
- Saab AB
- The Boeing Company
- Teledyne Marine (Teledyne Technologies Inc.)
- L3 Harris Technologies Inc.
- Oceaneering International, Inc.
- Atlas Elektronik
- Huntington Ingalls Industries (HII) (Hydroid Inc.)
- Anduril Industries
- Aquabotix
- C2 Robotics
- China Shipbuilding Industry Corporation (CSIC)
- China State Shipbuilding Corporation (CSSC)
- Daeyang Electric Industry
- Hanwha Systems
- HD Hyundai Heavy Industries (HHI)
- Hyundai Heavy Industries
- LIG Nex1
- Mitsubishi Heavy Industries (MHI)
- Planet Wheel Technology Co., Ltd. (PWT)
- Poly Technologies
- Sagar Defence Engineering Limited
- ShinMaywa Industries, Ltd.
- Thales Underwater Systems
- TOYO Corporation
- Underwater Drone Technologies Pvt Ltd
- Wuxi Haiying-Cal Tec Marine Technology Co., Ltd.
- Naval Group
- BAE Systems
- Leonardo S.p.A.
- Saipem Sonsub
- Autonomous Robotics Ltd.
- Gabri S.R.L.
- Navantia
- SAES and Perseo
- Rovco Ltd.
- Romanian Navy
- WB Group
- ZALA Aero Group
- IEMZ Kupol
- Enamor Ltd.
- Aquabotix Technology Corporation
- Blue Robotics Inc.
- BlueHalo LLC
- Cellula Robotics
- Deep Ocean Engineering
- Dive Technologies
- Epsilon Systems Solutions
- Forum Energy Technologies
- Fugro
- Greensea Systems Inc.
- Kraken Robotics Systems
- Ocean Infinity
- Riptide Autonomous Solutions LLC
- Sonardyne Inc.
- Teledyne Gavia
- Arzanah Limited
- ELTA Systems Ltd.
- Armaments Corporation of South Africa Ltd. (Armscor)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 339 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 3.94 Billion |
| Forecasted Market Value ( USD | $ 8.26 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 62 |
