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Autonomous Marine Vehicle Market Share

Report ID: GMI9485
Published Date: May 2024
Report Format: PDF

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Autonomous Marine Vehicle Market Share

L3Harris Technologies, Subsea 7 and Teledyne Marine hold significant market share of 32% in autonomous marine vehicle industry. L3Harris Technologies offers a diverse range of high-quality autonomous solutions, leveraging its expertise in sensor systems and communication technologies. Subsea 7's strong market position stems from its extensive experience in offshore energy services, allowing it to integrate autonomous vehicles seamlessly into its operations.

Teledyne Marine excels in providing comprehensive underwater technology solutions, including autonomous vehicles, benefiting from its reputation for reliability and innovation. Together, their broad product portfolios, technological prowess, and industry partnerships establish them as leaders in this rapidly evolving sector.

Autonomous Marine Vehicle Market Companies

Major companies operating in the autonomous marine vehicle industry are:

Hydroid
Kongsberg Maritime
L3Harris Technologies
Lockheed Martin
Saab Seaeye
Subsea 7
Teledyne Marine

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous marine vehicle reached USD 2.9 billion in 2023 and is set to witness 12% CAGR from 2024 to 2032, owing to the growing demand for oceanographic and environmental data worldwide.

Autonomous marine vehicle industry from the underwater vehicles segment held over 67% share in 2023, due to underwater ecosystems being large and complicated, and requiring a range of solutions.

North America market held over 39% share in 2023, attributed to region being a hotspot of technical developments in fields such as sensor technology, artificial intelligence, and autonomous navigation.

Hydroid, Kongsberg Maritime, L3Harris Technologies, Lockheed Martin, Saab Seaeye, Subsea 7, and Teledyne Marine, are some of the major autonomous marine vehicle companies worldwide.