United States Autonomous Underwater Vehicle (AUV) Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 13.2% from 2023 to 2033
• The U.S. Autonomous Underwater Vehicle (AUV) Market Size is Expected to Hold a Significant Share by 2033

The US Autonomous Underwater Vehicle (AUV) Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 13.2% from 2023 to 2033.  

Market Overview

An autonomous underwater vehicle is a self-operating submersible vehicle that is powered by propulsion systems, including hybrid, mechanical, and electric, and functions without human control. It can be utilized in commercial and military settings, including ISR operations, border patrol, scientific research, and the oil & gas sector. Gathering huge quantities of data, it has emerged as a perfect system for ocean mapping and seafloor imaging. Underwater vehicles in many countries conduct the main hydrographic mission due to their cost-effective technology, high accuracy, ultra-deep-sea capabilities, and multiple sensors for data collection. The market for AUVs is being driven by rising investments in offshore oil & gas drilling, improvements in AUV technology, and the use of advanced technologies for border and maritime security. Additionally, the market is poised for significant growth due to increasing demand in offshore energy exploration. The top three sectors in the autonomous underwater vehicle (AUV) market are Military & Defense, Oil & Gas, and Archaeology and Exploration. Presently, there is a growing need for deep-sea investigation in the field of oceanography, leading to the expansion of the autonomous underwater vehicle industry. The market growth is being driven by a rise in the commercial utilization of these vehicles by scientists and marine experts worldwide.

Report Coverage

This research report categorizes the market for the US autonomous underwater vehicle (AUV) market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States autonomous underwater vehicle (AUV) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.S. autonomous underwater vehicle (AUV) market.

Driving Factors

Environmentalists and environmental groups typically favor alternative energy sources like solar, wind, waves, tides, and geothermal energy because they are sustainable and do not pollute. Numerous marine renewable energy technologies are still in the initial phases of advancement. Therefore, our understanding of the cost-effectiveness and environmental impact of large-scale ocean-based systems is minimal. Nevertheless, thorough research and development are necessary before considering investment in these new renewable energy technologies. AUVs are crucial in inspection and R&D efforts to assist organizations in achieving optimal results when investing in renewable energy sources.

Restraining Factors

The costs associated with running autonomous underwater vehicles are expensive. Reasons for the expensive total cost include development and procurement, upkeep and fixing, staff education, costs specific to the mission, support and logistical aspects, and analysis and processing of data.

Market Segmentation

The US autonomous underwater vehicle (AUV) market share is classified into type and application.

• The large segment is expected to hold a significant market share through the forecast period.

The United States autonomous underwater vehicle (AUV) market is segmented by type into small, medium, and large. Among these, the large segment is expected to hold a significant market share through the forecast period. The increase in the segment is because of its usage in deep sea surveys, inspections of underwater pipelines, and the oil & gas sector.

• The defense segment is expected to dominate the US autonomous underwater vehicle (AUV) market during the projected period.

Based on the application, the United States autonomous underwater vehicle (AUV) market is divided into scientific research, defense, and oil & gas industry. Among these, the defense segment is expected to dominate the US autonomous underwater vehicle (AUV) market during the projected period. Anticipated market growth is attributed to the increasing need for underwater surveying, intelligence, surveillance, and reconnaissance (ISR) activities, as well as for submarines, naval mines, and other related objects.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States autonomous underwater vehicle (AUV) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Fugro N.V.
• General Dynamics Corporation
• International Submarine Engineering Ltd.
• Kongsberg Gruppen A.S.A.
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• Oceaneering International Inc.
• SAAB AB
• Teledyne Technologies Inc.
• Boeing
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In March 2024, Metron Inc. declared a partnership with Cellula Robotics Inc. to enhance autonomous underwater vehicle capabilities for advanced operations in a dynamic setting.

Market Segment

This study forecasts revenue at U.S., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Autonomous Underwater Vehicle (AUV) Market based on the below-mentioned segments:

United States Autonomous Underwater Vehicle (AUV) Market, By Type

• Small
• Medium
• Large

United States Autonomous Underwater Vehicle (AUV) Market, By Application

• Scientific Research
• Defense
• Oil & Gas Industry