Unmanned Underwater Vehicles Market Updates

Unmanned Underwater Vehicles Market size was valued at USD 3.02 Billion in 2023 and is poised to grow from USD 3.43 Billion in 2024 to USD 9.44 Billion by 2032, growing at a CAGR of 13.5% during the forecast period (2025-2032).

Key vendors in  Unmanned Underwater Vehicles Market are: 'Lockheed Martin', 'ThyssenKrupp (Atlas Elektronik GmbH)', 'General Dynamics', 'L3 Ocean Server', 'Saab', 'Kongsberg Gruppen ASA', 'FUGRO NV-CVA', 'StedY - Groupe Gorgé (ECA Group)', 'International Submarine Engineering Ltd.', 'Boston Engineering', 'Mitsubishi Heavy Industries', 'KNIFEFISH & Bluefin'

Growing emphasis on improving security around the world and rising spending on maritime security are projected to bolster the demand for unmanned underwater vehicles over the coming years. These vehicles are highly crucial in defense and military operations being performed in harsh conditions where risking human lives is not preferred.

Integration of Artificial Intelligence: Unmanned underwater vehicle companies can focus on integrating artificial intelligence technologies with their offerings to improve their unmanned capabilities. The use of artificial intelligence can help enhance decision-making, autonomous navigation, and real-time data analysis capabilities for unmanned underwater vehicles thereby increasing their functionality and application scope as well.

North America is forecasted to account for a dominant share of the global unmanned underwater vehicles market forecast. Rapid adoption of unmanned underwater vehicles in commercial as well as defense applications is the key factor cementing the dominance of this region. High spending on military and defense, presence of key unmanned underwater vehicles suppliers, and growing underwater exploration activity are other factors creating new opportunities in the North American region. The United States and Canada are estimated to emerge as the most opportune markets in this region owing to rising spending on military and defense as well as oceanographic research.