Press release
Autonomous Underwater Vehicle (AUV) Market worth $4.3 Billion by 2029, at a CAGR of 15.9%
The global autonomous underwater vehicle (AUV) market in terms of revenue is estimated to be worth $2.0 billion in 2024 and is poised to reach $4.3 billion by 2029, growing at a CAGR of 15.9% during the forecast period.The report "Autonomous Underwater Vehicle (AUV) Market [https://www.marketsandmarkets.com/Market-Reports/autonomous-underwater-vehicles-market-141855626.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=autonomousunderwatervehiclemarket] by Shape (Torpedo, Laminar Flow Body, Streamlined Rectangular Style, Multi-hull Vehicle), Type (Shallow, Medium, & Large AUVs), Technology (Imaging, Navigation, Propulsion), Payload - Global Forecast to 2029" The autonomous underwater vehicle (AUV) market is valued at USD 2.0 billion in 2024 and is projected to reach USD 4.3 billion by 2029; it is expected to grow at a CAGR of 15.9% from 2024 to 2029.
Factors accelerating the growth of the autonomous underwater vehicle (AUV) market are technological advancements in autonomous underwater vehicles, rising deployment of advanced technologies to ensure border and maritime security, shifting preference toward renewable energy sources, increasing investments in offshore oil and gas drilling activities, and increasing adoption of autonomous underwater vehicles for deep sea exploration for exploration of critical minerals and seabed resources.
Download PDF Brochure @ [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141855626&utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=autonomousunderwatervehiclemarket]
Browse 219 market data Tables and 72 Figures spread throug 274 Pages and in-depth TOC on "Autonomous Underwater Vehicle (AUV) Market"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/autonomous-underwater-vehicles-market-141855626.html [https://www.marketsandmarkets.com/Market-Reports/autonomous-underwater-vehicles-market-141855626.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=autonomousunderwatervehiclemarket]
[https://www.marketsandmarkets.com/Market-Reports/autonomous-underwater-vehicles-market-141855626.html]
Large AUVs segment is expected to grow at the highest CAGR during the forecast period.
The market for large AUVs is projected to grow at the highest growth rate during the forecast period due to the increasing demand for such AUVs for use in military & defense and oil & gas exploration applications. UK Ministry of Defense (MoD) has recently placed an order to deliver an extra-large AUV (XL-AUV) to support the Royal Navy and explore the utility of uncrewed submarines in the future underwater battlespace. Similarly, the Chinese Navy is focusing on developing many Al-enabled underwater vehicles. China's push for advancements is to counter US dominance in the Indo-Pacific region.
The medium AUV type segment for environmental protection & monitoring applications is expected to grow at the highest CAGR during the forecast period.
The autonomous underwater vehicle (AUV) market for medium AUVs segment for environmental protection & monitoring applications is expected to grow at the highest CAGR during the forecast period. Medium AUVs can operate at depths of up to 1,000 m, which is ideal for environmental protection and monitoring applications. This is due to the AUVs ability to reach a wide range of underwater environments. These AUVs have increasingly been adopted for applications such as water sampling, habitat research, oceanographic research, marine pollution monitoring, fishery studies, and emergency response is likely to grow during the forecast period.
The US holds the largest market share in autonomous underwater vehicle (AUV) market during the forecast period.
In North America, the US accounted for the largest market share of the autonomous underwater vehicle (AUV) market in 2023 and is expected to retain its position during the forecast period due to heavy investment done by the US government in the defense sector. The increasing offshore activities, such as mine hunting, are expected to boost AUV adoption in the country. Like for instance, recently, the US Navy signed a USD 18.6 million contract with Anduril Industries (US) to build five of its Dive AUVs. The company has also announced the establishment of a new center in Quonset Point, Rhode Island, to increase its Dive-LD AUV production. The factory will cover up to 150,000 square feet and include dedicated service bays, testing laboratories, and additional spaces to accommodate lifecycle tasks from research through sustainment. The center is expected to boost the assembly of Dive-LD's family of AUVs to more than 200 annually. Such contracts undertaken by leading companies have contributed to the growth of the commercial exploration segment of the US autonomous underwater vehicle market.
Key Players
Some of the leading companies operating in the autonomous underwater vehicle (AUV) market are KONGSBERG (Norway), Teledyne Technologies Incorporated (US), General Dynamics Corporation (US), Saab (Sweden), Exail Technologies (France), Lockheed Martin Corporation (US), Fugro (Netherlands), ATLAS ELEKTRONIK (Germany), Boston Engineering Corporation (US), L3Harris Technologies, Inc. (US), Graal Tech S.r.l. (Italy), International Submarine Engineering Limited (Canada), Boeing (US), Riptide Autonomous Solutions (US), MSubs (China), Falmouth Scientific, Inc. (FSI) (China), Terradepth (US), among others.
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=autonomous-underwater-vehicle-auv-market-worth-43-billion-by-2029-at-a-cagr-of-159]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/autonomous-underwater-vehicles-market-141855626.html
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Autonomous Underwater Vehicle (AUV) Market worth $4.3 Billion by 2029, at a CAGR of 15.9% here
News-ID: 3692182 • Views: …
More Releases from ABNewswire

Bedrock Restoration - Water Fire Mold Damage Service, Expands Water Damage Repai …
Water Fire Mold Damage Service, a trusted provider of property restoration, has announced expanded service offerings to meet the growing demand for professional water damage solutions in the region. Known for their reliable, customer-focused approach, the company continues to support both homeowners and businesses in recovering from unexpected property damage caused by water, fire, or mold.
Responding to a Growing Need for Water Damage Restoration
Property owners across Minnesota are increasingly seeking…

Winkler Kurtz LLP Expands Resources to Handle Increased Demand for Personal Inju …
For individuals searching for personal injury attorneys, the expansion of Winkler Kurtz LLP's team means greater accessibility and reduced wait times for consultations. The firm's deep roots in the Port Jefferson Station community allow them to understand local nuances, such as common accident hotspots and specific regional legal precedents.
Port Jefferson Station has seen a notable rise in personal injury cases, driven by factors such as increased traffic congestion, construction activity,…

Protecting Property Value: Hose Bros Inc Highlights How Professional Power Washi …
For residents searching for power washing near me, Hose Bros Inc offers accessible and reliable services tailored to the Millsboro community. Their local expertise ensures an understanding of regional challenges, such as the impact of salt air on coastal properties or the tendency for humidity to promote mold growth in shaded areas. This knowledge allows them to customize their approach, selecting appropriate pressure levels and cleaning agents for different surfaces.
In…
![Tampa Bay Home Remodeling Costs Guide [2025] Kitchen & Bathroom Renovation Prices](https://cdn.open-pr.com/9/1/914818326_g.jpg)
Tampa Bay Home Remodeling Costs Guide [2025] Kitchen & Bathroom Renovation Price …
A 2025 cost guide to kitchen, bathroom, and full home remodeling in Tampa Bay, featuring expert insights from Craftline Remodeling on pricing, budgeting, and contractor selection.
Market Overview: Understanding Tampa Bay Remodeling Investment Trends
Tampa Bay's home remodeling market has experienced significant cost evolution in 2025, with project expenses varying dramatically across South Tampa, Carrollwood, Seminole Heights, Clearwater, St. Petersburg, and Wesley Chapel based on material choices, project scope, and contractor expertise.…
More Releases for AUV
BSI announces expansion of AUV line with RTsys
The scientific instrument company is increasing it's environmental surveying capabilities by adding their UV sensor payloads to RTsys' turnkey micro autonomous underwater vehicles, the NemoSens and COMET 300.
Press Release
March 2025 - Biospherical instruments (BSI inc.), a manufacturer of state-of-the-art microsensors, is excited to announce that they are now an official reseller and distributor of the RTsys NemoSens μAUV and COMET 300. The environmental monitoring companies signed a three-year contract to…
Offshore AUV Market 2023 | Detailed Report
According to Market Study Report, Offshore AUV Market provides a comprehensive analysis of the Offshore AUV Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6950071
The report provides a comprehensive analysis of company profiles listed below:
-Boston Engineering Corporation
-International Submarine Engineering Limited Lockheed…
ROV/AUV Video Cameras Market 2022 | Detailed Report
According to Market Study Report, ROV/AUV Video Cameras Market provides a comprehensive analysis of the ROV/AUV Video Cameras Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5334915
The report provides a comprehensive analysis of company profiles listed below:
- Ageotec
- Argus Remote Systems…
AUV and ROV Market (2021-2025) | Oligopolistic Conditions Pose Challenges for En …
The extraction of oil & gas (O&G) has shifted away from conventional towards subsea sources. The subsea environment is the most remote and unexplored region on the planet and holds limitless resource potential. Numerous challenges must be overcome to extract O&G from undersea methods with autonomous underwater vehicles (AUV) and remotely operated vehicles (ROV) technology entering conversations. AUV’s and ROV’s are deployed for the maintenance, repair, and inspection of offshore…
Global Offshore AUV & ROV Market Research
The Global Offshore AUV & ROV Market is ready to become solid amid the estimate time frame. A portion of the conspicuous patterns that the market is seeing incorporate progressions in electrical engine innovation, flow drift in the sustainable area including the establishment of seaward breeze cultivate locales and expanding vitality utilization.
Get sample copy of report :
https://www.marketdensity.com/contact?ref=Sample&reportid=6261
Table of Contents
1 Offshore AUV & ROV Market Overview
1.1 Product…
Global Offshore AUV and ROV Market Segmentation by Class (Observation, Work, Int …
Global Offshore AUV and ROV Market will exhibit significant growth over the coming years. Oil and gas production is quickly making a move to more profound subsea regions. The subsea condition is the most remote and unexplored on earth. Working in this condition makes checking and intercession considerably more troublesome, and raises remarkable challenges and frequently some natural issues. Unforgiving natural conditions have prompted the quick improvement of autonomous underwater…