The autonomous underwater vehicle (AUV) market is valued at USD 2.0 billion in 2024 and is projected to reach USD 4.3 billion by 2029; it is expected to grow at a CAGR of 15.9% from 2024 to 2029. Technological advancements in AUVs, rising deployment of advanced technologies to ensure border and maritime security, and increasing investments in oil and gas drilling activities are key drivers driving the growth of the autonomous underwater vehicle (AUV) market.
Major Autonomous Underwater Vehicle (AUV) Companies include:
- KONGSBERG (Norway)
- Teledyne Technologies Incorporated (US)
- General Dynamics Corporation (US)
- Saab (Sweden)
- Exail Technologies (France)
- Lockheed Martin Corporation (US)
- Fugro (Netherlands)
- ATLAS ELEKTRONIK (Germany)
- Boston Engineering Corporation (US)
- L3Harris Technologies, Inc. (US)
- Graal Tech S.r.l. (Italy)
- International Submarine Engineering Limited (Canada)
- Boeing (US)
- Riptide Autonomous Solutions (US)
- MSubs (China)
- Falmouth Scientific, Inc. (FSI) (China)
- Terradepth (US)
Teledyne Technologies Incorporated (US), and KONGSBERG (Norway) are among the top 5 players in the autonomous underwater vehicle (AUV) market.
Teledyne Technologies Incorporated
Teledyne Technologies Incorporated is a global conglomerate that offers its products in four business segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems.
Teledyne Marine, a subsidiary of the company that falls under the Instrumentation segment, specializes in providing marine solutions and technologies with a focus on delivering advanced technology and systems for marine applications such as oceanographic research, hydrography, offshore energy, underwater exploration, and defense. Its product portfolio includes a range of instruments, sensors, SONAR systems, underwater vehicles, remotely operated vehicles (ROVs), AUVs, and integrated systems for marine data collection and analysis.
Teledyne Marine benefits from the resources, expertise, and global presence of Teledyne Technologies. It leverages the larger corporation's technological capabilities and synergies with other divisions to provide comprehensive solutions to customers in the marine industry.
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KONGSBERG
KONGSBERG, a Norwegian technology company, provides marine technology-based navigation and automation systems for merchant vessels in the offshore industry. The company provides its products and solutions to various industries, including oil & gas, marine, and aerospace & defense. It offers its AUV products & services for multiple applications, such as offshore (oil & gas), environmental monitoring, hydrography, and search & recovery.
KONGSBERG operates through three business segments—Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other Activities. Under the Kongsberg Maritime segment, the company offers AUVs, marine technology handling systems, sonar seabed survey equipment, and underwater acoustic products.
Kongsberg Maritime offers a range of AUVs, including HUGIN, HUGIN Edge, HUGIN Superior, and HUGIN Endurance. The company also manufactures other AUV-related products, including underwater altimeters for the autonomous underwater vehicle market.
A few of KONGSBERG's subsidiaries operating in the AUV market include Kongsberg Evotec AS (Norway), Kongsberg Maritime Controls GmbH (Germany), Kongsberg GeoAcoustics Ltd. (UK), and Kongsberg Mesotech Ltd. (Canada).
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