Global Autonomous Underwater Vehicles (AUV) Market to Reach $11.4 Billion by 2030
The global market for Autonomous Underwater Vehicles (AUV) estimated at US$3.2 Billion in the year 2023, is expected to reach US$11.4 Billion by 2030, growing at a CAGR of 19.8% over the analysis period 2023-2030. Torpedo Shaped AUV, one of the segments analyzed in the report, is expected to record a 21% CAGR and reach US$4.5 Billion by the end of the analysis period. Growth in the Laminar Flow Body Shape AUV segment is estimated at 18% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 19.1% CAGR
The Autonomous Underwater Vehicles (AUV) market in the U.S. is estimated at US$1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 19.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 16.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.6% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook