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$8.25+ Bn Military Unmanned Underwater Vehicles Market Opportunities and Strategies to 2034
The global military unmanned underwater vehicles market, valued at $3.94 billion in 2024, is projected to grow at a 7.93% CAGR to $8.26 billion by 2034. Key drivers include military modernization and government initiatives. North America leads, while Asia-Pacific is the fastest-growing region. Against cybersecurity risks and high costs, electric and autonomous vehicles will propel market growth. Kongsberg Maritime is the leading competitor in this fragmented market. Military Unmanned Underwater Vehicles Market Dublin, June 18, 2025 (GLOBE NEWSWIRE) -- The "Military Unmanned Underwater Vehicles Market Opportunities and Strategies to 2034" has been added to offering. The military unmanned underwater vehicles market is poised for significant transformative growth from 2019 through 2034. The report covers this rapid market evolution, documenting key metrics from the historic period (2019-2024) and projecting trends for the future (2024-2029, 2034F). The report comprehensively evaluates market dynamics across global regions and major economies, offering invaluable insights into future trends and opportunities. As of 2024, the market reached a valuation of $3.94 billion, growing at a compound annual growth rate (CAGR) of 5.16% since 2019. Looking ahead, the market is expected to expand to $5.78 billion by 2029 at a rate of 7.93%, and further reaching $8.26 billion by 2034, continuing a growth trajectory at a CAGR of 7.41%. The historic period's expansion was driven by factors such as increased defense budgets, rising maritime security threats, and the growing frequency of underwater operations. Future growth will be propelled by favorable policies, naval fleet expansions, military modernization, and the increasing adoption of unmanned vehicles. However, challenges such as high development costs and cybersecurity vulnerabilities may pose risks to market expansion. North America emerged as the largest regional market, holding a 40.04% share or $1.58 billion of the total market in 2024, with Asia-Pacific and Western Europe set as future growth leaders. The Asia-Pacific and Western Europe markets are expected to grow at CAGRs of 10.02% and 8.19%, respectively, followed by South America and North America, projected to grow at CAGRs of 7.40% and 7.13%. The competitive landscape is diverse with small players emerging and occupying 18.84% of the market in 2023. Key players include Kongsberg Maritime, Lockheed Martin Corporation, and General Dynamics Corp., among others. Product segmentation indicates dominance by remotely operated vehicles, accounting for 54.65% or $2.15 billion of the market in 2024, with autonomous underwater vehicles anticipated as the fastest-growing segment at a CAGR of 8.73% from 2024 to 2029. Electric systems lead other propulsion systems, capturing 38.02% or $1.5 billion of the market, and are expected to grow concurrently as the fastest segment at a 10.00% CAGR. Application segmentation shows defense as the leading segment with a 62.01% share or $2.44 billion, while search and rescue operations are the fastest-growing application segment, expected to achieve a 9.32% CAGR by 2029. Significant growth opportunities exist in the remotely operated vehicle and electric system segments, with substantial gains anticipated in the USA market, projected to add $550.02 million. Industry trends point towards innovations in large and compact unmanned underwater vehicles enhancing military, naval, and commercial capabilities, alongside strategic collaborations fostering technological advancements. To take full advantage, analysts recommend a strategic focus on enhancing and expanding capabilities of both large autonomous and compact unmanned underwater vehicles, leveraging emerging markets, and fostering strategic partnerships to drive innovation and market penetration. Major Market Trends Innovative Large Unmanned Underwater Vehicles Enhancing Military Capabilities Innovative Compact UUVs Enhancing Naval and Commercial Capabilities Advancements in Autonomous Underwater Vehicles for Enhanced Maritime Capabilities Strategic Collaborations Driving Advancements in Military Unmanned Underwater Vehicles Reasons to Purchase Acquire a global perspective with coverage across 15 geographies. Gauge the coronavirus impact and future market resurgence. Develop regional and country-specific strategies based on local insights. Identify lucrative growth segments for strategic investment. Leverage forecast data to stay ahead of competition and comprehend market drivers and trends. Enhance understanding of consumer behavior through current market research. Benchmark your performance against major competitors. Optimize strategy through key data relationships. Support presentations with accurate high-quality data and analysis. Key Attributes: Report Attribute Details No. of Pages 339 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $3.94 Billion Forecasted Market Value (USD) by 2034 $8.26 Billion Compound Annual Growth Rate 7.7% Regions Covered Global Companies Featured Kongsberg Maritime Lockheed Martin Corporation General Dynamics Corp Saab AB The Boeing Company Teledyne Marine (Teledyne Technologies Inc.) L3 Harris Technologies Inc. Oceaneering International, Inc. Atlas Elektronik Huntington Ingalls Industries (HII) (Hydroid Inc.) Anduril Industries Aquabotix C2 Robotics China Shipbuilding Industry Corporation (CSIC) China State Shipbuilding Corporation (CSSC) Daeyang Electric Industry Hanwha Systems HD Hyundai Heavy Industries (HHI) Hyundai Heavy Industries LIG Nex1 Mitsubishi Heavy Industries (MHI) Planet Wheel Technology Co., Ltd. (PWT) Poly Technologies Sagar Defence Engineering Limited ShinMaywa Industries, Ltd. Thales Underwater Systems TOYO Corporation Underwater Drone Technologies Pvt Ltd Wuxi Haiying-Cal Tec Marine Technology Co., Ltd. Naval Group BAE Systems Leonardo S.p.A. Saipem Sonsub Autonomous Robotics Ltd. Gabri S.R.L. Navantia SAES and Perseo Rovco Ltd. Romanian Navy WB Group ZALA Aero Group IEMZ Kupol Enamor Ltd. Aquabotix Technology Corporation Blue Robotics Inc. BlueHalo LLC Cellula Robotics Deep Ocean Engineering Dive Technologies Epsilon Systems Solutions Forum Energy Technologies Fugro Greensea Systems Inc. Kraken Robotics Systems Ocean Infinity Riptide Autonomous Solutions LLC Sonardyne Inc. Teledyne Gavia Arzanah Limited ELTA Systems Ltd. Armaments Corporation of South Africa Ltd. (Armscor) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Military Unmanned Underwater Vehicles Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Yahoo
9 hours ago
- Business
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$8.25+ Bn Military Unmanned Underwater Vehicles Market Opportunities and Strategies to 2034
The global military unmanned underwater vehicles market, valued at $3.94 billion in 2024, is projected to grow at a 7.93% CAGR to $8.26 billion by 2034. Key drivers include military modernization and government initiatives. North America leads, while Asia-Pacific is the fastest-growing region. Against cybersecurity risks and high costs, electric and autonomous vehicles will propel market growth. Kongsberg Maritime is the leading competitor in this fragmented market. Military Unmanned Underwater Vehicles Market Dublin, June 18, 2025 (GLOBE NEWSWIRE) -- The "Military Unmanned Underwater Vehicles Market Opportunities and Strategies to 2034" has been added to offering. The military unmanned underwater vehicles market is poised for significant transformative growth from 2019 through 2034. The report covers this rapid market evolution, documenting key metrics from the historic period (2019-2024) and projecting trends for the future (2024-2029, 2034F). The report comprehensively evaluates market dynamics across global regions and major economies, offering invaluable insights into future trends and opportunities. As of 2024, the market reached a valuation of $3.94 billion, growing at a compound annual growth rate (CAGR) of 5.16% since 2019. Looking ahead, the market is expected to expand to $5.78 billion by 2029 at a rate of 7.93%, and further reaching $8.26 billion by 2034, continuing a growth trajectory at a CAGR of 7.41%. The historic period's expansion was driven by factors such as increased defense budgets, rising maritime security threats, and the growing frequency of underwater operations. Future growth will be propelled by favorable policies, naval fleet expansions, military modernization, and the increasing adoption of unmanned vehicles. However, challenges such as high development costs and cybersecurity vulnerabilities may pose risks to market expansion. North America emerged as the largest regional market, holding a 40.04% share or $1.58 billion of the total market in 2024, with Asia-Pacific and Western Europe set as future growth leaders. The Asia-Pacific and Western Europe markets are expected to grow at CAGRs of 10.02% and 8.19%, respectively, followed by South America and North America, projected to grow at CAGRs of 7.40% and 7.13%. The competitive landscape is diverse with small players emerging and occupying 18.84% of the market in 2023. Key players include Kongsberg Maritime, Lockheed Martin Corporation, and General Dynamics Corp., among others. Product segmentation indicates dominance by remotely operated vehicles, accounting for 54.65% or $2.15 billion of the market in 2024, with autonomous underwater vehicles anticipated as the fastest-growing segment at a CAGR of 8.73% from 2024 to 2029. Electric systems lead other propulsion systems, capturing 38.02% or $1.5 billion of the market, and are expected to grow concurrently as the fastest segment at a 10.00% CAGR. Application segmentation shows defense as the leading segment with a 62.01% share or $2.44 billion, while search and rescue operations are the fastest-growing application segment, expected to achieve a 9.32% CAGR by 2029. Significant growth opportunities exist in the remotely operated vehicle and electric system segments, with substantial gains anticipated in the USA market, projected to add $550.02 million. Industry trends point towards innovations in large and compact unmanned underwater vehicles enhancing military, naval, and commercial capabilities, alongside strategic collaborations fostering technological advancements. To take full advantage, analysts recommend a strategic focus on enhancing and expanding capabilities of both large autonomous and compact unmanned underwater vehicles, leveraging emerging markets, and fostering strategic partnerships to drive innovation and market penetration. Major Market Trends Innovative Large Unmanned Underwater Vehicles Enhancing Military Capabilities Innovative Compact UUVs Enhancing Naval and Commercial Capabilities Advancements in Autonomous Underwater Vehicles for Enhanced Maritime Capabilities Strategic Collaborations Driving Advancements in Military Unmanned Underwater Vehicles Reasons to Purchase Acquire a global perspective with coverage across 15 geographies. Gauge the coronavirus impact and future market resurgence. Develop regional and country-specific strategies based on local insights. Identify lucrative growth segments for strategic investment. Leverage forecast data to stay ahead of competition and comprehend market drivers and trends. Enhance understanding of consumer behavior through current market research. Benchmark your performance against major competitors. Optimize strategy through key data relationships. Support presentations with accurate high-quality data and analysis. Key Attributes: Report Attribute Details No. of Pages 339 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $3.94 Billion Forecasted Market Value (USD) by 2034 $8.26 Billion Compound Annual Growth Rate 7.7% Regions Covered Global Companies Featured Kongsberg Maritime Lockheed Martin Corporation General Dynamics Corp Saab AB The Boeing Company Teledyne Marine (Teledyne Technologies Inc.) L3 Harris Technologies Inc. Oceaneering International, Inc. Atlas Elektronik Huntington Ingalls Industries (HII) (Hydroid Inc.) Anduril Industries Aquabotix C2 Robotics China Shipbuilding Industry Corporation (CSIC) China State Shipbuilding Corporation (CSSC) Daeyang Electric Industry Hanwha Systems HD Hyundai Heavy Industries (HHI) Hyundai Heavy Industries LIG Nex1 Mitsubishi Heavy Industries (MHI) Planet Wheel Technology Co., Ltd. (PWT) Poly Technologies Sagar Defence Engineering Limited ShinMaywa Industries, Ltd. Thales Underwater Systems TOYO Corporation Underwater Drone Technologies Pvt Ltd Wuxi Haiying-Cal Tec Marine Technology Co., Ltd. Naval Group BAE Systems Leonardo S.p.A. Saipem Sonsub Autonomous Robotics Ltd. Gabri S.R.L. Navantia SAES and Perseo Rovco Ltd. Romanian Navy WB Group ZALA Aero Group IEMZ Kupol Enamor Ltd. Aquabotix Technology Corporation Blue Robotics Inc. BlueHalo LLC Cellula Robotics Deep Ocean Engineering Dive Technologies Epsilon Systems Solutions Forum Energy Technologies Fugro Greensea Systems Inc. Kraken Robotics Systems Ocean Infinity Riptide Autonomous Solutions LLC Sonardyne Inc. Teledyne Gavia Arzanah Limited ELTA Systems Ltd. Armaments Corporation of South Africa Ltd. (Armscor) For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Military Unmanned Underwater Vehicles Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
