Autonomous Ships Market 2030 By Ship Type, Autonomy, End User, Solution (Systems, Software, and Structures), Fuel Type (Carbon Neutral Fuels, Liquefied natural gas, Electric batteries, Heavy fuel oils (HFO), Propulsion (Fully Electric, Hybrid, Conventional), and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Automotive & Transportation | Pages : 195 Pages | Published On : Dec 2023

Autonomous Ships Market size is estimated to grow from USD 4.1 Billion in 2022 to reach USD 8.4 Billion by 2030, growing at a CAGR of 9.6% during the forecast period from 2023 to 2030.

Major players Autonomous Ships Market include: ABB (Switzerland), Wärtsilä (Finland), Honeywell International Inc. (US), Siemens (Germany), General Electric (US), Samsung Heavy Industries Co., Ltd (South Korea), KONGSBERG (Norway), Marine Technologies, LLC (US), Hyundai Heavy Industries Co., Ltd. (South Korea), Praxis Automation Technology B.V. (Netherlands), DNV GL (Norway), Northrop Grumman. (US), Fugro (Netherlands), Vigor Industrial LLC. (US), SELSAN A. (Turkey) & others.

An autonomous ship refers to a vessel that operates without human input from passengers, utilizing sensing equipment like LIDAR, environmentally responsive control systems, and navigation gear.

Autonomy in the autonomous ship sector is categorized into three levels: full autonomy, remote operations, and partial autonomy. Partially autonomous ships are safer alternatives operated by artificial intelligence to prevent ship accidents. These advancements are aimed at mitigating human errors that have led to significant financial losses due to maritime accidents. The rise in such accidents has underscored the need for autonomous technology. In 2020, 49 large ships were lost, a statistic that remained largely unchanged from 2019, as reported by the Insurance Information Institute. This underscores the potential of autonomous ships to reduce accidents stemming from human errors and financial repercussions, thereby driving their demand in the years ahead.

However, the growth of the autonomous ship market is anticipated to be hindered by the escalating cybersecurity and privacy concerns during the projected period. The rapid technological progress, encompassing artificial intelligence, mobility systems, and the internet of things, brings forth heightened risks of cybersecurity breaches and data vulnerabilities. This poses a significant challenge for the autonomous ship sector. The Association for Computing Machinery (ACM) has highlighted the critical issue of cybersecurity for autonomous ships, regardless of their form or level of autonomy. The dependence on information and communication technology (ICT) for ship control, accessibility to the internet, and enhanced connectivity between onboard systems and onshore monitoring raise serious cybersecurity implications. Consequently, the escalating threats to cybersecurity and privacy are poised to restrain the growth of the autonomous ship market in the foreseeable future.

The commercial segment is poised to achieve the most significant growth throughout the forecast period.

Based on Ship Type, The Commercial Ships hold the major market share during the forecast period, which is due to the increasing advancements in technology are driving the creation of novel autonomous naval vessels, alongside the integration of sensor systems into commercial maritime platforms such as cargo vehicles, passenger ferries, and more. This infusion of technology is set to foster the expansion of autonomy within the commercial sector. However, the maritime industry's slower pace of technology adoption compared to other transportation sectors makes the integration of autonomy a gradual and costly process. As a result, commercial operators are initially embracing remote-controlled vessels and devising long-term strategies to eventually replace conventional ships with autonomous counterparts.

Leading liner shipping companies like Maersk, CMA CGM, and Hapag-Lloyd, as well as cruise operators, have been establishing remote operating centers (ROCs) for their fleets over the past few years. These centers facilitate real-time data monitoring from the bridge and provide onboard crew assistance in vessel operations. A significant example is the Yara Birkeland, a 120 TEU container ship operating autonomously, currently in construction. Yara International's plan is to introduce manned vessels initially in 2020, with a gradual implementation of autonomous functions. This is anticipated to lead to fully autonomous, unmanned operations for the vessel by 2022.

To expedite the development of new autonomous ships, several companies are collaborating with technology providers. For instance in December 2018, a notable case is Rolls Royce, a trailblazer in autonomous technology. In partnership with Finferries, the Finnish state-owned ferry operator, Rolls Royce successfully demonstrated Falco, the world's inaugural fully autonomous ferry.

The Growth of the Autonomous Ships Market in North America.

North America is projected to hold a major market share of the global autonomous ships market, which is driven by the expansion of international trade and cargo activities. The region's advanced technological landscape, well-established infrastructure, thriving marine tourism, and high per capita income collectively contribute to the anticipated growth in the autonomous ships market.

Although Asia Pacific had previously dominated the global autonomous ships market, this trend is anticipated to shift in the forecast period. This change can be attributed to factors like the rising demand for commercial ships, increased participation in global trade through exports, a higher concentration of harbors, and the progressive growth of emerging economies, especially in India and China. These elements are expected to play a pivotal role in driving the growth of the autonomous ships market across the forecast period.

Autonomous Ships Market Scope and Market Size

Analysis

Details

Report Forecast Period

2023-2030

Base Year

2022

CAGR Values

9.6%

Projection Values in 2022

USD 4.1 Billion

Projection Values in 2030

USD 8.4 Billion

Segment covered

By Ship Type, Autonomy, End User, Solution, Fuel Type, Propulsion, and Region

Region

North America, Latin America, Europe, Asia-Pacific, Rest of the World

The Autonomous Ships Market research report provides an in-depth overview of the industry including market segmentation by product type, system, industry, application and region. Analysis of the global market with a special focus on high-growth applications in each vertical and fast-growing market segment. It includes a detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top player’s rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, and game-changing developments such as new product launches, collaborations, expansions, investment analysis, mergers, and acquisitions.

Autonomous Ships Market is segmented by region and further by countries, product type, system, industry, and application. Players, stakeholders, and other participants in the global Autonomous Ships Market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue forecast for the period 2023-2030.

The report further studies the market strategies of key players, recent development status, future plans, and Autonomous Ships Market trends across the world. Also, it splits Autonomous Ships Market Segmentation by product type, system, industry, application and region to deep dive research and reveals company profile and prospects.

Major Classifications are as follows:

  • Autonomous Ships Market, By Ship Type
    • Commercial ships
      • Bulk Carriers
      • Tankers
      • Dry Cargo
      • Containers
      • Others
    • Defense ships
    • Passenger ship
  • Autonomous Ships Market, By Autonomy
    • Fully Autonomous
    • Remotely Operated
    • Partially Autonomous
  • Autonomous Ships Market, By End User
    • Line-fit & Newbuild
    • Retrofit
  • Autonomous Ships Market, By Solution
    • Systems
    • Software
    • Structures
  • Autonomous Ships Market, By Fuel Type
    • Carbon Neutral Fuels
    • Liquefied natural gas
    • Electric batteries
    • Heavy fuel oils (HFO)
  • Autonomous Ships Market, By Propulsion
    • Fully Electric
    • Hybrid
    • Conventional
  • Autonomous Ships Market, By Geography
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia Pacific
    • Rest of the World
      • Middle East
      • UAE
      • Saudi Arabia
      • Israel
    • Africa
      • South Africa
      • Rest of Africa      

Reason to purchase this Autonomous Ships Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Autonomous Ships Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different and Autonomous Ships Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Autonomous Ships Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Autonomous Ships Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Autonomous Ships Market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

TOC

  1. Executive Summary
  2. Introduction
    1. Key Takeaways
    2. Report Description
    3. Market Scope & Definition
    4. Stakeholders
    5. Research Methodology
      1. Market size
      2. Key data points from primary sources
      3. Key data points from secondary sources
      4. List of primary sources
      5. List of secondary sources
  3. Market Overview
    1. Introduction
    2. Industry Segmentation
    3. Market Trends Analysis
    4. Major Funding & Investments
    5. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
    6. Value Chain Analysis
    7. Pricing Analysis
      1. Pricing Analysis, By Products
      2. Average Pricing Benchmark Analysis
  4. Autonomous Ships Market, By Ship Type
    1. Commercial ships
      1. Bulk Carriers
      2. Tankers
      3. Dry Cargo
      4. Containers
      5. Others
    2. Defense ships
    3. Passenger ship
  5. Autonomous Ships Market, By Autonomy
    1. Fully Autonomous
    2. Remotely Operated
    3. Partially Autonomous
  6. Autonomous Ships Market, By End User
    1. Line-fit & Newbuild
    2. Retrofit
  7. Autonomous Ships Market, By Solution
    1. Systems
    2. Software
    3. Structures
  8. Autonomous Ships Market, By Fuel Type
    1. Carbon Neutral Fuels
    2. Liquefied natural gas
    3. Electric batteries
    4. Heavy fuel oils (HFO)
  9. Autonomous Ships Market, By Propulsion
    1. Fully Electric
    2. Hybrid
    3. Conventional
  10. Autonomous Ships Market, By Geography
    1. Autonomous Ships Market, North America
      1. U.S.
      2. Canada
    2. Autonomous Ships Market, Latin America
      1. Brazil
      2. Mexico
      3. Argentina
      4. Rest of Latin America
    3. Autonomous Ships Market, Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
    4. Autonomous Ships Market, Asia Pacific
      1. China
      2. Japan
      3. India
      4. South Korea
      5. Rest of Asia Pacific
    5. Autonomous Ships Market, Rest of the world
      1. Middle East
        1. UAE
        2. Saudi Arabia
        3. Israel
      2. Africa
        1. South Africa
        2. Rest of Africa
  11. Competitive Analysis
    1. Introduction
    2. Top Companies Ranking
    3. Competitive Landscape
      1. Competition Dashboard
      2. Market Analysis (2022)
      3. Emerging company case studies
    4. Company Profiles
      1. ABB (Switzerland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      2. Wärtsilä (Finland)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      3. Honeywell International Inc. (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      4. Siemens (Germany)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      5. General Electric (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      6. Samsung Heavy Industries Co., Ltd (South Korea)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      7. KONGSBERG (Norway)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      8. Marine Technologies, LLC (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      9. Hyundai Heavy Industries Co., Ltd. (South Korea)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      10. Praxis Automation Technology B.V. (Netherlands)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      11. DNV GL (Norway)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      12. Northrop Grumman. (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      13. Fugro (Netherlands)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      14. Vigor Industrial LLC. (US)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition
      15. SELSAN A. (Turkey)
        1. Business Overview
        2. Product Portfolio
        3. Market Segments (Business Segment/Region)
        4. Sales Footprint
        5. Recent Developments
          1. New Product Launch
          2. Mergers & Acquisitions
          3. Collaborations, Partnerships & Agreements
          4. Rewards & Recognition

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

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