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Autonomous Ships Market

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Global Autonomous Ships Market Research Report: Information by Autonomy (Partial Automation, Remote Operations and Full Automation, Ship Type (Commercial and Defense), Solution (Systems, Software and Structures), Fit (Line Fit and Retrofit) and Regi
Autonomous Ships Market Research Report - Global Forecast till 2030
Autonomous Ships Market
Research Report - Global
Forecast till 2030
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Copyright © 2017 Market Research Future.
Autonomous Ships Market Research Report - Global Forecast till 2030
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Copyright © 2017 Market Research Future.
Autonomous Ships Market Research Report - Global Forecast till 2030
Summary:
The global autonomous ships market could register a CAGR of close to 7% during the forecast period
(2019-2030), suggests Market Research Future (MRFR).
Market Overview:
The United States (U.S.) Coast Guard reveals that roughly 96% of all marine casualties take place owing
to human errors. This grave matter has given rise to demand for autonomous ships. Autonomous ships
are futuristic maritime transport that strive to meet with the safety, competitiveness as well as sustainability
issues associated with marine transportation. These types of ships are used for dealing with all the
challenges related to marine transportation including casualty losses, human errors, criminal activities and
adverse weather conditions.
Autonomous ships provide a host of benefits, which include improved fuel efficiency, reduction in
transportation time and efficient use of space in ship design. Autonomous ships are predicted to transport
the marine transportation sector by offering the capability to enhance the optimization of operations as
well as processes along with effective resource management.
Surging adoption of information and communication technology within the marine sector combined with
the rising seaborne trade all over the world stimulates market growth. The market also gets a boost from
the soaring use of automation to bring down human errors. The increasing need among by fleet operators
for situational awareness as well as the booming maritime tourism industry are also expected to add to
the market strength in the ensuing years.
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Copyright © 2017 Market Research Future.
Autonomous Ships Market Research Report - Global Forecast till 2030
Segmentation:
The worldwide autonomous ships market can be considered for ship type, autonomy, fit, and solution.
Depending on the ship type, the autonomous ships market can be split into commercial and defense.
The commercial segment is presumed to acquire a larger portion during the review period, while
registering a higher CAGR in that period. Mounting developments in the field of autonomous commercial
shipping helps establish the segment’s position in the market. To illustrate, in 2018, ABB had
successfully finished the entire trial of the remotely operated ferry called Suomenlinna II, located close to
Finland’s Helsinki harbor.
Autonomy-wise, the autonomous ships market includes remote operations, full automation and partial
automation. The partial automation segment was reigning over the market in 2018. On the other hand,
the full automation segment is poised to achieve the highest growth rate during the given timeframe.
Surging development of fully autonomous ships is believed to be the chief factor benefitting the
segment. Citing a reference, in 2018, FinFerries along with Rolls-Royce had exhibited a fully
autonomous ferry and all its features, in Turku, Finland.
In terms of the fit, the autonomous ships market can be broken down to line fit and retrofit. The line fit
segment has landed the top spot and is reckoned to demonstrate a higher CAGR during the review
period. Increasing modernization of naval fleets in countries like India, China, and South Korea to
accelerate their naval power as well as surging deliveries of new ships has resulted in the segmental
dominance.
With respect to solution, the autonomous ships market caters to software, systems, and solutions. In
2018, MRFR had perceived the systems to be the leading segment in the market, which is expected to
growth at the highest rate during the review period. The soaring need for situational alertness in vessels
is believed to have a lucrative effect on the automated systems segment, as these systems boast of
features like LiDAR, HD cameras and GPS. These features aid in providing the precise location
information to the operators.
Regional Analysis:
The autonomous ships market is spread across the primary regions of North America, Asia Pacific,
Europe, along with the rest of the world (RoW).
Asia Pacific was the biggest market for autonomous ships in 2018. Surging investments for testing of
fully autonomous ships for commercial applications has been one of the prime factors driving market
growth in the region. Also, rising adoption of autonomous ships in the defense and military sector
coupled with advancements in cloud-based technology has done wonders for the regional market in
recent years.
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Copyright © 2017 Market Research Future.
Autonomous Ships Market Research Report - Global Forecast till 2030
The Europe market for autonomous ships is presumed to acquire the highest CAGR during the review
period. The market has managed to achieve the formidable position owing to the massive investments
made by renowned vendors in the development of fully autonomous ships.
North America is touted to hold immense potential to expand during the forecast period, with solid
backup from countries like the United States (U.S.) and Canada. These highly-developed countries are
making massive efforts predominantly in this field on account of accelerated interests in independent
boats for military and business applications.
Competitive Dashboard:
The prominent vendors in the worldwide autonomous ships market include Praxis Automation
Technology BV (Netherlands), ABB (Switzerland), Siemens AG (Germany), Hyundai Heavy Industries
Co., Ltd (South Korea), Kongsberg Group (Norway), Ulstein Group ASA (Norway), Marlink (France),
Rolls-Royce (UK), RH Marine (Netherlands), Valmet (Finland), General Electric (US), Honeywell
International, Inc. (US), Wärtsilä (Finland), Marine Technologies, LLC (Norway), and others.
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Copyright © 2017 Market Research Future.
Autonomous Ships Market Research Report - Global Forecast till 2030
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Copyright © 2017 Market Research Future.
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