Global Military Unmanned Underwater Vehicles Market Worth $5.71 Billion by 2029, Growing at 7.6% CAGR

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Military Unmanned Underwater Vehicles Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, the market size for military unmanned underwater vehicles has demonstrated robust growth. It is forecasted to expand from $3.95 billion in 2024 to $4.25 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. This growth during the historical period is due to a multitude of factors such as strategic defense needs, initiatives for modernizing the navy, enhancement of maritime border security, countermeasures for underwater mines, and the monitoring of the environment.

What Is the Expected CAGR for the Military Unmanned Underwater Vehicles Market Growth Through 2029?
The market size of military unmanned underwater vehicles is projected to experience substantial growth in the upcoming years. It is set to climb to $5.71 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.6%. The market growth during the forecast period is expected because of factors like the enhancement of mission capabilities, advancements in underwater communication, increased role in mine countermeasures, improvement in submarine warfare, and the growth of environmental monitoring and research. Key market trends to watch during the forecast period are developments in underwater swarm technology, the rise of collaborations and joint ventures, emphasis on sustainability and environment measures, improvement in underwater communication technologies, and the growing relevance of artificial intelligence and data analytics.

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What Are the Primary Drivers Behind Military Unmanned Underwater Vehicles Market Growth?
The upward trajectory of defense budgets is anticipated to stimulate the expansion of the military unmanned underwater vehicles market. These budgets are essentially fiscal outlines or fund allocations made by countries to cover the expenses inherent in their military and defense-related endeavors. A larger defense budget allows countries to channel financial resources into research, development, purchases, and inclusion of unmanned underwater military vehicles, thus propelling the enlargement of the UUV sector. As per a paper released by the Sweden-based Stockholm International Peace Research Institute in April 2023, global military expenditure witnessed a 3.7 percent growth in real terms in 2022, reaching a record $2,240 billion. In particular, military spending in Europe grew by a remarkable 13 percent that year. The United States, accountable for 39 percent of global military expenditure in 2022, and China, responsible for 13 percent, maintained their status as the leading two spenders. Russia, India, and Saudi Arabia followed them, with 3.9 percent, 3.6 percent, and 3.3 percent respectively, jointly constituting 63 percent of total world military expenditure for that year. As a result, the escalation in defense budgets is propelling the military unmanned underwater vehicles market.

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What Are the Key Segments Driving Military Unmanned Underwater Vehicles Market Growth?
The military unmanned underwater vehicles market covered in this report is segmented -

1) By Product Type: Remotely Operated Vehicle, Autonomous Underwater Vehicle
2) By Propulsion System: Electric System, Mechanical System, Hybrid System
3) By Application: Search And Rescue, Defense

Subsegments:
1) By Remotely Operated Vehicle (ROV): Observation ROVs, Work-Class ROVs, Micro ROVs
2) By Autonomous Underwater Vehicle (AUV): Tactical AUVs, Survey AUVs, Long-Endurance AUVs

What Are the Technological Trends Impacting the Military Unmanned Underwater Vehicles Market?
The advancement in distributed marine operations is becoming a prominent trend in the military unmanned underwater vehicles market. Maritime operations, which refer to any strategic steps taken by naval forces to gain control, are an important facet of asserting power from the waters. Major firms in the military unmanned underwater vehicles market are working on advancing distributed marine operations to consolidate their market position. For instance, HII, an American shipbuilding corporation, reported in 2022 that the US Navy is upgrading to the REMUS 300 as their advanced small unmanned undersea vehicle (SUUV). The role of REMUS 300 technology is to support the progression of distributed marine operations by carrying out crucial underwater tasks.

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Who Are the Major Competitors in the Global Military Unmanned Underwater Vehicles Market?
Major companies operating in the military unmanned underwater vehicles market 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, Liquid Robotics

Which Region Dominates the Military Unmanned Underwater Vehicles Market Share in 2025?
North America was the largest region in the military unmanned underwater vehicles market share in 2024. 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.

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