The Unmanned Marine Vehicles Market size is estimated at USD 4.93 billion in 2024, and is expected to reach USD 7.41 billion by 2029, growing at a CAGR of 8.51% during the forecast period (2024-2029).
With rapid technological development, acoustic sensors for high underwater navigation are on trend. The aim is to reduce the cost and latency of current underwater navigation systems that typically employ high accuracy.
The unmanned marine vehicles market is fragmented due to the presence of several well-established players. These players incorporate strategic initiatives such as acquisitions, partnerships, expansions, and product/technology launches to maintain their positions and gain a competitive advantage in this market. Key players in the market are General Dynamics, Atlas Elektronik, Sea Robotics Inc., etc. Recent developments in the market are -
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