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Autonomous Underwater Vehicle (AUV) Market Share

Report ID: GMI2279
Published Date: May 2024
Report Format: PDF

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Autonomous Underwater Vehicle Market Share

Hydroid, Lockheed Martin and Saab Seaeye hold a significant market share of 27% in autonomous underwater vehicles (AUVs) industry, these companies possess extensive experience and expertise in developing cutting-edge AUV technology, earning them reputations for reliability, innovation, and quality. Also, their diverse product portfolios cater to various applications, including defense, offshore oil and gas, scientific research, and underwater mapping, allowing them to address a broad range of customer needs.

Additionally, strong global presence and established customer relationships further enhance their market position and enable them to capitalize on emerging opportunities in the growing AUV market. Overall, their combined strengths in technology, product offerings, and market presence solidify their dominance in this competitive industry.

Autonomous Underwater Vehicle Market Companies

Major players operating in the autonomous underwater vehicle industry are:

Lockheed Martin
Teledyne Gavia
Hydroid
Kongsberg Maritime
Saab Seaeye
Subsea 7

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of autonomous underwater vehicle reached USD 1.9 billion in 2023 and is set to witness 14% CAGR from 2024 to 2032, owing to the increase in reconnaissance and mine detection operations.

The acoustic doppler current profilers payload segment recorded 34% revenue share in 2023, owing to their ability to provide vital information on sea level and water velocity data.

The military & defense segment in the autonomous underwater vehicle industry accounted for 39% share in 2023 and is estimated to witness substantial gains between 2024 and 2032, as they are critical for performing naval operations, including anti-missile systems, submarine surveillance, and anti-submarine warfare.

North America market held over 39% share in 2023 and is estimated to expand at noticeable rate through 2032, due to its extensive the extensive maritime activities and defense investments in the region.