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Global unmanned underwater vehicles market worth $8.58bn by 2027

Written by

Neil Martin

Neil Martin

The global unmanned underwater vehicles market, which was valued at US$3.6bn in 2020, is expected to reach US$8.58bn by 2027 says a new industry report. 

The main growth driver is the increasing use of unmanned underwater vehicles for maritime security and surveillance in naval forces. What’s more, the surge in government investments will also accelerate the growth of the unmanned underwater vehicles market.

Unmanned underwater vehicles include remotely operated Vehicle (ROV) and autonomous underwater vehicles (AUV). The main applications are commercial exploration, defense and scientific research. Payload includes sensors, cameras, video screens and lighting systems. The main propulsion systems include mechanical, electric and hybrid.

The major players in the market are Lockheed Martin, Kongsberg Gruppen, Teledyne Technologies, Oceaneering International, Subsea 7, Saab Group, The Boeing Company, Fugro, Oceanserver Technology and Bluefin Robotics.

The report was published by Verified Market Research.