The global Autonomous Underwater Vehicles (AUVs) Market was valued at $1.16 billion in 2020 and is projected to grow significantly, reaching $4.17 billion by 2028. This represents a compound annual growth rate (CAGR) of 17.80% from 2021 to 2028, according to a report by Fortune Business Insights™.

The demand for AUVs is on the rise, driven by their increasing use in both military and commercial sectors. These vehicles are becoming essential for tasks like border security, oil and gas exploration, and scientific research. The need for AUVs in activities such as sea mapping and seafloor imaging is expected to accelerate in the coming years.

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https://www.fortunebusinessinsights.com/autonomous-underwater-vehicle-market-105907

Major Players in the Market

The report highlights key players in the AUV market:

• 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 market is divided into several segments:

• Type: Large, medium, and small AUVs