Global Autonomous Ships Market, By Ship Type (Commercial, Defense), Autonomy (Fully Autonomous, Remote Operation and Partial Automation), Solution (System, Software by Modules and Structures), Propulsion Type (Fully Electric and Hybrid) Fuel Type (Carbon Neutral Fuels, LNG, Electric Batteries and Heavy fuel Oil/Marine Engine Fuel), End-Use (New Built and Line fit and Retrofit), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Autonomous Ships Market
The autonomous ships market is expected to witness market growth at a rate of 9.20% in the forecast period of 2021 to 2028 and is expected to reach USD 28,803.99 million by 2028. Data Bridge Market Research report on autonomous ships market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the acceptance of automation is escalating the growth of autonomous ships market.
Autonomous ships refer to the ships that are remote built ships where operations are performed by remote control mechanism. These operations are operated by the humans located at the shore. Autonomous requires high quality systems and reliable communication system which work with the assistance of connectivity, control algorism and sensor technology. RADAR technology is used by the control system used for autonomous ships.
The rise in the investment in the autonomous projects acts as one of the major factors driving the growth of autonomous ships market. The increase in the development of next-generation autonomous vessels and the rise in the adoption of these systems in the vessels for the purpose of operating automate several processes such as navigation and propulsion of the vessel with the use of components and systems including sensors and automated navigation systems and propulsion control systems accelerate the market growth. The rise in the development of software, use of automated systems to reduce human errors and risks and the increase in demand for situational awareness in vessels, further influence the market. Additionally, surge in budgets of shipping companies for the incorporation of ICT in vessels, urbanization and digitization and development of next-generation of autonomous vessels positively affect the autonomous ships market. Furthermore, advancement in sensor technologies for improved navigation systems in autonomous ships and innovations in propulsion systems for autonomous ships extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, Cost-intensive customization of marine automation systems and lack of common standards for data generated from different subsystems in a ship are expected to obstruct the market growth. Concerns regarding vulnerability associated with cyber threats and lack of skilled personnel to handle and operate marine automation systems are projected to challenge the autonomous ships market in the forecast period of 2021-2028.
This autonomous ships market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on autonomous ships market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Autonomous Ships Market Scope and Market Size
The autonomous ships market is segmented on the basis of ship type, autonomy, solution, propulsion type, fuel type and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ship type, the autonomous ships market is segmented into commercial and defense.
- On the basis of autonomy, the autonomous ships market is segmented into fully autonomous, remote operation and partial automation.
- On the basis of solution, the autonomous ships market is segmented into system, software. System is further segmented into modules and structures. On the basis of system, the market is further segmented into communication and connectivity, intelligent awareness system and reliability, health and safety management.
- On the basis of propulsion type, the autonomous ships market is segmented into fully electric and hybrid.
- On the basis of fuel type, the autonomous ships market is segmented into carbon neutral fuels, LNG, electric batteries and heavy fuel/ marine engine fuel.
- On the basis of end-use, the autonomous ships market is segmented into new built and line fit and retrofits.
Global Autonomous Ships Market Country Level Analysis
The autonomous ships market is analyzed and market size, volume information is provided by country, ship type, autonomy, solution, propulsion type, fuel type and end use as referenced above.
The countries covered in the global autonomous ships market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to dominate the autonomous ships market due to the increase the demand for commercial vessels and large presence of shipping sector within the region. Europe is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in demand for cruise ships as well as autonomous ships and adoption of autonomous systems and components to be retrofitted in the existing ships in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Autonomous Ships Market Share Analysis
The autonomous ships market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to autonomous ships market.
The major players covered in the autonomous ships market report are 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.S., BAE Systems., Samsung Heavy Industries and Ulstein among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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