Autonomous Ships Market - Trends Forecast Till 2028

Autonomous Ships Market by Level of Autonomy (Semi-autonomous and Fully-autonomous), Ship Type (Commercial, Passenger, and Défense), Component (Hardware and Software) and Fuel Type (Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-ASM-1020

Format:  

Number of Pages: 407

Domain: Aerospace & Defense

Autonomous Ships Market – Trends Forecast Till 2028

The global autonomous ships market size is estimated to be valued at USD 85.84 billion in 2020, registering a CAGR of 4.8% from 2021 to 2028.

Autonomous ships also known as crewless ships are equipped with the software & hardware without human interference. The components such as sensors, automated navigation, propulsion & auxiliary systems, GPS tracker, and others, present in the ships help to make decision in accordance with the environment. Moreover, the partially automated ships are controlled & monitored through the off-board control centers with the interference of humans. In addition, autonomous ships have their complete operations controlled by the advanced operating systems, which enables it to take decisions and actions by itself.

Demand for smart and autonomous ships, which can reduce human involvement in the operation is the major factor that has supported long-term expansion for Autonomous Ships Market.

Unlike other industries, the shipping industry have also suffered due to the COVID-19 disease. According to estimations from the International Chamber of Shipping (world's principal shipping organization, which represents around 80% of the world's merchant tonnage, through membership by national shipowners’ associations), every month roughly 100,000 seafarers reach the end of their employment contract and need to be repatriated.

Autonomous Ships Market Research Report

Asia-Pacific will drive the growth of the autonomous ships market due to the high number of ship ownership and autonomous driving. Moreover, the demand for these features will increase due to improved safety requirements in the Asia-Pacific.

Autonomous Ships Market is segmented into component, level of autonomy, fuel type, ship type and region.

On the basis of Component

  • Hardware
  • Software

On the basis of Level of Autonomy  

  • Semi-Autonomous
  • Fully-Autonomous

On the basis of Fuel Type  

  • Carbon Neutral Fuels
  • Liquefied natural gas
  • Electric batteries
  • Heavy fuel oils (HFO)

On the basis of Ship Type

  • Commercial ships
  • Defence ships
  • Passenger ships

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Autonomous Ships Market Primary Respondent

 

Key Players

  • ABB
  • GENERAL ELECTRIC
  • Vigor Industrial LLC.
  • Honeywell International Inc.
  • Rolls-Royce plc
  • Wärtsilä
  • KONGSBERG
  • Siemens
  • Hyundai Heavy Industries Co., Ltd.
  • Marine Technologies
  • LLC
  • Praxis Automation Technology B.V.
  • L3Harris Technologies, Inc.
  • Northrop Grumman.
  • Mitsui E&S Holdings Co., Ltd.
  • DNV GL
  • Fugro
  • Valmet
  • ASELSAN A.Ş.
  • BAE Systems.

Recent Developments

  • Kongsberg Maritime signed a contract with China Merchants Jinling Shipyard (Weihai) to provide propulsion and manoeuvring system for two roll-ons, roll-off passenger (RoPax) vessels under construction for Finnlines. The two 230m-long vessels will be deployed in the Baltic Sea by 2023 after they are delivered.
  • Kongsberg Maritime and Massterly, a Kongsberg Wilhelmsen joint venture, signed contracts with the leading Norwegian grocery distributor ASKO to equip two new vessels with autonomous technology and manage their operations at sea.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Autonomous Ships Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 4.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

component, level of autonomy, fuel type, ship type and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

ABB, GENERAL ELECTRIC, Vigor Industrial LLC., Honeywell International Inc., Rolls-Royce plc, Wärtsilä, KONGSBERG, Siemens, Hyundai Heavy Industries Co., Ltd., Marine Technologies, LLC, Praxis Automation Technology B.V., L3Harris Technologies, Inc., Northrop Grumman., Mitsui E&S Holdings Co., Ltd., DNV GL, Fugro, Valmet, ASELSAN A.Ş., BAE Systems.

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