Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.87 Billion | USD 18.22 Billion | 16.9% | 2024 |
FrequentlyAsked Questions
An autonomous underwater vehicle (AUV) is a robot body that is immersed in water to perform functions without the requirement of a manual operator.
The global autonomous underwater vehicles market is expected to grow due to increasing demand for subsea exploration and monitoring in industries like oil & gas, defense, oceanography, and environmental research, coupled with technological advancements in navigation, sensing, and power systems.
According to a study, the global autonomous underwater vehicles market size was worth around USD 3.87 Billion in 2024 and is expected to reach USD 18.22 Billion by 2034.
The global autonomous underwater vehicles market is expected to grow at a CAGR of 16.9% during the forecast period.
North America is expected to dominate the autonomous underwater vehicles market over the forecast period.
Leading players in the global autonomous underwater vehicles market include Bluefin Robotics, Graal Tech, Atlas Elektronik Gmbh, Boston Engineering Corporation, Hydromea Sa, Eca Group, Bae Systems, Fugro, and Boeing, among others.
The report explores crucial aspects of the autonomous underwater vehicles market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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