The global Autonomous Underwater Vehicles (AUVs) Market was valued at USD 1.16 billion in 2020 and is expected to grow significantly, reaching USD 4.17 billion by 2028, with a strong compound annual growth rate (CAGR) of 17.80% during the 2021-2028 period. This growth is driven by increasing demand from both military and commercial sectors. AUVs are increasingly used for border patrol, oil and gas exploration, and scientific research, with sea mapping and seafloor imaging applications expected to see notable growth.

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Major Players

Some of the major players in the AUV market include:

• Fugro N.V. (Netherlands)
• General Dynamics Corporation (U.S.)
• International Submarine Engineering Ltd. (Canada)
• Kongsberg Gruppen A.S.A. (Norway)
• L3Harris Technologies, Inc. (U.S.)
• Lockheed Martin Corporation (U.S.)
• Oceaneering International Inc. (U.S.)
• SAAB AB (Sweden)
• Teledyne Technologies Inc. (U.S.)
• Boeing (U.S.)

Market Segmentation

The AUV market is divided into several segments based on type, application, propulsion system, payload, and geography:

• Type: Large, medium, and small AUVs.