Autonomous underwater vehicles market to reach $2.9b in 2025

Thanks to energy exploration and underwater surveys, amongst others.

The market size of autonomous underwater vehicles is projected to reach $2.9b in 2025 from $2.41b in 2024, reflecting a compound annual growth rate (CAGR) of 19.9%.

According to the Business Research Company, Asia Pacific led the market for autonomous underwater vehicles in 2024. The growth was being driven by various factors such as energy exploration, data gathering and economic underwater exploration, and ocean exploration, amongst others.

By 2029, the market may further reach $5.69 billion by 2029, with a CAGR of 18.4%. This will be driven by the intensifying need for underwater surveillance, monitoring of climate change effects, exploration of deep-sea mining, commercial uses in the fishing industry, autonomous navigation capabilities, and improved autonomous decision-making.