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The Worldwide Autonomous Ships Industry is Estimated to Reach $14 Billion by 2030

·11 min read

DUBLIN, Jan. 25, 2021 /PRNewswire/ -- The "Autonomous Ships Market by Autonomy (Fully Autonomous, Remote Operations, Partial Automation), Ship Type (Commercial, Defense), End-Use (Linefit, Retrofit), Solution (Systems, Software, Structures), Propulsion and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

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The autonomous ships market is estimated to be USD 5,866 million in 2020 and is projected to reach USD 14,256 million by 2030, at a CAGR of 9.3% from 2020 to 2030.

The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency. The implementation of advanced systems acts as an important driver for the autonomous ships market. Autonomous ships are one of the variants of automated vessels. These ships involve integrating various systems and subsystems, enabling effective decision-making based on sensor fusion technology and Artificial Intelligence (AI) for processing the data, hence reducing or eliminating human intervention.

Based on autonomy, fully autonomous segment projected to lead autonomous ships market during the forecast period

Based on autonomy, the autonomous ships market is segmented into fully autonomous, remotely-operated and partial automation. The growth of the fully autonomous segment of the autonomous ships market can be attributed to the increased investments in developing autonomous ships in European region.

Based on ship type, commercial segment projected to lead autonomous ships market during the forecast period

Based on ship type, the autonomous ships market is segmented into commercial and defense. The commercial segment is expected to grow at the higher CAGR, owing to the rising seaborne trade and tourism across the globe.

Based on end use, the linefit segment accounts for the largest market size during the forecast period

Based on end use, the autonomous ships market is segmented into linefit and retrofit. The linefit segment is estimated to account for a larger share in 2020 as compared to the retrofit segment. The growth of the line fit segment can be attributed to the increased investments in naval defense by various countries and rise in seaborne trade activities across the globe.

The Asia Pacific is expected to account for the largest share in 2020

The autonomous ships market has been studied for North America, Europe, Asia Pacific and Rest of the World. The Asia Pacific is estimated to account for the largest share of the global market in 2020. Shipbuilding companies from Japan, South Korea, and China, are also among the largest players in each of the four major segments, namely, tankers, bulk carriers, container ships, and offshore vessels. The Asia Pacific has witnessed rapid economic development over the years, increasing maritime trade. This rise in sea trade has subsequently led to an increasing demand for ships to transport manufactured goods worldwide. Thus, the rising number of ships has increased the demand for autonomous ships in the Asia Pacific region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Autonomous Ships Market, 2020-2030
4.2 Autonomous Ships Market, by Ship Type
4.3 Autonomous Ships Market, by End-user
4.4 Autonomous Ships Market, by Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investments in Autonomous Ships Projects
5.2.1.2 Development of Next-Generation Autonomous Vessels
5.2.1.3 Increasing Development of Software
5.2.1.4 Increasing Use of Automated Systems to Reduce Human Errors and Risks
5.2.1.5 Increased Budgets of Shipping Companies for the Incorporation of Ict in Vessels
5.2.1.6 Increasing Demand for Situational Awareness in Vessels
5.2.2 Restraints
5.2.2.1 Vulnerability Associated with Cyber Threats
5.2.3 Opportunities
5.2.3.1 Initiatives for the Development of Autonomous Ships
5.2.3.2 Revision and Formulation of Marine Safety Regulations in Several Countries
5.2.3.3 Advancement in Sensor Technologies for Improved Navigation Systems in Autonomous Ships
5.2.3.4 Development of Propulsion Systems for Autonomous Ships
5.2.4 Challenges
5.2.4.1 Cost-Intensive Customization of Marine Automation Systems
5.2.4.2 Lack of Skilled Personnel to Handle and Operate Marine Automation Systems
5.2.4.3 Lack of Common Standards for Data Generated from Different Subsystems in a Ship
5.2.4.4 Regulatory Barriers to Autonomous Ships
5.3 Range/Scenarios
5.4 COVID-19 Impact on Autonomous Ships Market
5.5 Trends/Disruptions Impacting Customers' Business
5.6 Market Ecosystem
5.7 Pricing Analysis
5.8 Value Chain Analysis
5.9 Tariff Regulatory Landscape
5.10 Trade Data
5.11 Porter's Five Forces Model
5.12 Technology Analysis
5.13 Use Cases
5.14 Operational Data

6 Industry Trends
6.1 Introduction
6.2 Autonomous Ships Roadmap 2020 to 2035
6.3 Technology Trends
6.3.1 Digital Marine Automation Systems
6.3.2 Sensor Fusion Solutions
6.3.3 Control Algorithms
6.3.4 Conning Systems
6.3.5 Connectivity Solutions
6.3.6 Autopilot
6.3.7 Mooring Control and Monitoring Systems
6.3.8 Automated Radar Plotting Aid/Navigation Radar Servers (Nrs)
6.3.9 Electronic Chart Display and Information System
6.3.10 Communication Systems
6.3.11 Voyage Data Recorders
6.3.12 Decision Support Systems
6.3.13 Vessel Traffic Management System
6.3.14 Autonomous Ships
6.3.15 Integrated Ship Automation Systems
6.4 Impact of Megatrends
6.4.1 Artificial Intelligence
6.4.2 Big Data Analytics
6.4.3 Internet of Things (IoT)
6.4.4 Increasing Focus on Satellite-Based Positioning Using Space Technologies
6.5 Innovations and Patent Registrations

7 Autonomous Ships Market, by Autonomy
7.1 Introduction
7.2 Partial Automation
7.2.1 Increasing Demand for Onboard Automation Systems is Expected to Drive this Segment
7.3 Remotely-Operated
7.3.1 Increasing Investments in Remotely Operated Ships is Expected to Drive this Segment
7.4 Fully Autonomous
7.4.1 Increasing Investments on Developing Autonomous Ships is Expected to Fuel this Segment

8 Autonomous Ships Market, by Solution
8.1 Introduction
8.2 Systems
8.3 Software

9 Autonomous Ships Market, by Ship Type
9.1 Introduction
9.1.1 Impact of COVID-19 on Ship Type
9.1.1.1 Most Impacted Segment, by Ship Type
9.1.1.2 Least Impacted Segment, by Ship Type
9.2 Commercial
9.2.1 Bulk Carriers
9.2.1.1 Growth of World Seaborne Trade of Dry Bulk Cargo is Expected to Drive the Demand for Bulk Carriers
9.2.2 Gas Tankers
9.2.2.1 Increasing Lpg Trade is Expected to Drive this Segment
9.2.3 Tankers
9.2.3.1 Transportation of Chemicals and Liquid Assets in Bulk Drive the Demand for Tankers
9.2.4 Passenger & Cruises
9.2.4.1 Growth in International Sea Travel Will Boost Demand for Passenger Ships & Cruises
9.2.5 Dry Cargo
9.2.5.1 Growing Demand for Dry Cargo Ships for International Maritime Trade is Expected to Drive the Demand for Autonomous Ships
9.2.6 Containers
9.2.6.1 Increasing Seaborne Trade is Expected to Drive the Demand for Container Ships
9.2.7 General Cargo
9.2.7.1 Increasing Seaborne Trade for General Cargo is Expected to Drive the Demand for General Cargo Ships
9.2.8 Others
9.2.8.1 Research Vessels
9.2.8.1.1 Increasing Demand for Research Vessel for Various Applications is Expected to Drive the Market for Autonomous Ships
9.2.8.2 Dredgers
9.2.8.2.1 Increasing Demand for Dredgers to Remove Debris and Sediments is Expected to Drive the Market for Autonomous Ships
9.2.8.3 Offshore Vessels and Tugboats
9.2.8.3.1 Growing Demand for Oil Exploration and Construction Work is Expected to Drive the Growth of the Market
9.2.8.4 Fishing Boats
9.2.8.4.1 Development in Small Autonomous Fishing Boats for a Commercial Purpose is Driving this Segment
9.2.8.5 Yachts
9.2.8.5.1 Growing Demand for Yachts for Luxury Sailing in North America and Europe
9.3 Defense
9.3.1 Aircraft Carriers
9.3.1.1 Upgradation of New Components is Driving the Demand for Aircraft Carriers
9.3.2 Amphibious
9.3.2.1 Increasing Demand for Amphibious Warfare Ships by Various Countries is Expected to Drive the Market for Autonomous Ships
9.3.3 Destroyers
9.3.3.1 Destroyers Protect Large Vessels Against Small But Powerful Short-Range Attackers
9.3.4 Frigates
9.3.4.1 Increasing Use of Autonomous Systems on the Frigates is Expected to Drive the Market
9.3.5 Submarines
9.3.5.1 Increasing Investments for the Development of Submarines is Expected to Drive the Growth of the Market
9.3.6 Nuclear Submarines
9.3.6.1 Increasing Use of Automation in Nuclear Submarines is Expected to Drive the Growth of the Market

10 Autonomous Ships Market, by End-user
10.1 Introduction
10.1.1 Impact of COVID-19 on End Use
10.1.1.1 Most Impacted End Use
10.1.1.2 Least Impacted End Use
10.2 Line Fit
10.2.1 Increasing Demand for Automated Systems in New Shipsdrive this Segment
10.3 Retrofit
10.3.1 Retroffiting Involves Integration of Components and Systems in Existing Ships During Their Maintenance, Repair, and Overhaul

11 Autonomous Ships Market, by Propulsion
11.1 Introduction
11.2 Fully Electric
11.2.1 Several Technological Developments Result in the Adoption of Electric Propulsion in Naval Destroyers in the UK and the US
11.3 Hybrid
11.3.1 Hybrid Propulsion Systems Help Reduce Significant Greenhouse Gases
11.4 Conventional
11.4.1 Increasing R&D Activities in Marine Industry Will Drive this Segment

12 Regional Analysis
12.1 Introduction
12.2 Global Scenarios of Autonomous Ships Market
12.3 North America
12.4 Europe
12.5 Asia-Pacific
12.6 Rest of the World

13 Competitive Landscape
13.1 Introduction
13.2 Ranking of Leading Players, 2019
13.3 Market Share Analysis of Leading Players, 2019
13.4 Revenue Analysis of Key Market Players, 2019
13.5 Competitive Overview
13.6 Company Product Footprint Analysis
13.7 Company Evaluation Quadrant
13.7.1 Star
13.7.2 Emerging Leader
13.7.3 Pervasive
13.7.4 Participant
13.8 Autonomous Ships Market Competitive Leadership Mapping (Startups)
13.8.1 Progressive Companies
13.8.2 Responsive Companies
13.8.3 Dynamic Companies
13.8.4 Starting Blocks
13.9 Competitive Scenario
13.9.1 Mergers & Acquisitions
13.9.2 New Product Launches
13.9.3 Contracts, Partnerships & Agreements
13.9.4 Collaborations & Expansions

14 Company Profiles
14.1 Introduction
14.2 Key Players
14.2.1 ABB
14.2.2 Honeywell International Inc
14.2.3 Rolls-Royce plc
14.2.4 Wartsila
14.2.5 Kongsberg
14.2.6 Siemens
14.2.7 Hyundai Heavy Industries
14.2.8 General Electric
14.2.9 Marine Technologies LLC
14.2.10 Praxis Automation & Technology B.V.
14.2.11 L3Harris Asv
14.2.12 Northrop Grumman Corporation
14.2.13 Mitsui E&S Holdings Co., Ltd
14.2.14 DNV Gl
14.2.15 Fugro
14.2.16 Valmet
14.2.17 Aselsan A.S.
14.2.18 BAE System
14.2.19 Samsung Heavy Industries Co., Ltd
14.2.20 Ulstein
14.2.21 Vigor Industrial LLC
14.3 Other Players
14.3.1 RH Marine
14.3.2 Marlink
14.3.3 Sea Machines Robotics, Inc
14.3.4 Shone, Automation Inc
14.3.5 Orca Ai
14.3.6 Buffalo Automation
14.3.7 Ladar Ltd

15 Autonomous Ships Adjacent Market

16 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/1iyn4a

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