$10.32 Bn Unmanned Underwater Vehicles Global Market Opportunities And Strategies To 2034 with Kongsberg, Boeing, Saab, Oceaneering International, and Lockheed Martin

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• The autonomous underwater vehicles segment is expected to be the fastest growing segment at a CAGR of 8.97% during 2024-2029

  80% confidence

• Growth in the historic period resulted from rising maritime security concerns, growing oil and gas exploration, increase in artificial intelligence (AI) and automation, government and private sector investments

  80% confidence

• The unmanned underwater vehicles market size will gain the most in the USA at $692.66 million

  80% confidence

• Asia Pacific and Western Europe will be the fastest-growing regions with CAGRs of 10.17% and 8.35% respectively

  80% confidence

• The global unmanned underwater vehicles market reached a value of nearly $4.9 billion in 2024

  80% confidence

• Growth of renewable energy sector, expansion of naval fleets, rising mining activities and increasing defense budget allocation will drive the growth

  80% confidence

• The remotely operated vehicles segment is the largest segment accounting for 51.33% or $2.51 billion of the total in 2024

  80% confidence

• The top ten competitors in the market made up to 20.42% of the total market in 2023

  80% confidence

• The market is expected to grow at a CAGR of 7.38% from 2029 and reach $10.32 billion in 2034

  80% confidence

• Cybersecurity threats and battery life constraints negatively affected growth in the historic period

  80% confidence

• The global unmanned underwater vehicles market is fairly fragmented, with a large number of small players in the market

  80% confidence

• The market is expected to grow from $4.9 billion in 2024 to $7.23 billion in 2029 at a rate of 8.09%

  80% confidence

• North America was the largest region accounting for 39.55% or $1.93 billion of the total in 2024

  80% confidence

• The unmanned underwater vehicles market grew at a compound annual growth rate (CAGR) of 5.29% since 2019

  80% confidence

• Reliability crisis of UUVs in sensitive missions and lack of standardization could hinder growth in the future

  80% confidence

Data points we hold from this source