Autonomous Ships Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Autonomous Ships Market Size- By Autonomy, By Ship Type, By Component, By Fuel Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: AMIN23200 | Pages: 1 - 244 | Formats*: |
| Category : Automotive & Transportation | |||
Autonomous Ships Market Introduction and Overview
According to SPER Market Research, the Global Autonomous Ships Market is estimated to reach USD 189.96 billion by 2033 with a CAGR of 7.1%.
The report includes an in-depth analysis of the Global Autonomous Ships Market, including market size and trends, product mix, applications, and supplier analysis. Ships that are autonomous, also referred to as crewless ships, and are equipped with technology and software that operate without the need for human interaction. Making judgements that are in line with the environment is made easier by sensors, automated navigation, propulsion and auxiliary systems, GPS trackers, and other parts found in ships. Furthermore, the largely autonomous ships are controlled and monitored by humans via off-board control centres. Furthermore, autonomous ships have their whole operations managed by modern operating systems, allowing them to make decisions and execute acts on their own.
- February 2023: Austal USA delivered the autonomously capable EPF 13 ship to the US Navy. EPF 13 includes an automated maintenance, health monitoring, and mission readiness capability from Austal. It will allow the vessel to function without human intervention for up to 30 days when combined with the existing highly automated hull, mechanical, and electrical systems installed in EPF class vessels.
- August 2022: SK Shipping and Sinokor Merchant Marine have ordered an autonomous navigation solution from Avikus, a subsidiary of HD Hyundai Heavy Industries. The Avikus HiNAS 2.0 autonomous navigation technology would be deployed on 23 vessels, including container ships and LNG carriers, under the terms of the deal.
Market Opportunities and Challenges
Various countries' increased investments in cutting-edge technology that is propelling market expansion. Autonomy aids in reducing at-sea crashes, working long hours without interruptions, increasing fuel efficiency, and performing mission-critical duties. Automation ships are next-generation vessels that have no staff on board. Shore engineers will monitor and control their navigation and performance from a shore operational centre using detectors, sensors, high-resolution cameras, and powerful satellite communication systems. The development of next-generation autonomous vessels in recent years has spurred the expansion of the Autonomous Ships Industry.
Increased R&D activity by prominent ship builders and system developers throughout the world for the development of fully autonomous ships represents a market potential for the autonomous ships market. Rolls-Royce and Kongsberg, for example, are creating fully autonomous ships. Both businesses are pioneering the development of autonomous ships by combining existing ship technologies with new digital technologies like as sensors and artificial intelligence.
As these ships follow satellite paths during their travels, the chances of cyber assaults increase globally. Marine vessel operators are likely to connect their ships to onshore networks in the next years. The installation of automation systems is the first step towards comprehensive vessel automation since it allows the integration of critical subsystems of marine vessels with one another via local networks. The number of components required for the autonomous marine's proper operation. The connectivity solution for each component contributes to the overall system's complex structure. These components have their own workings, which can generate a considerable amount of data at times. In the case of autonomous ships, the navigation system is dependent on third-party infrastructure such as satellite communication or terrestrial communication, which further complicates the network because the components are deployed based on the service providers' demands.
Market Competitive Landscape
The market for autonomous ships is moderately fragmented, with various regional competitors who are funded by their respective governments to collaborate and develop autonomous ships. The major players in the Global Autonomous Ships Market include: ABB Ltd., Honeywell International, Kongsberg Gruppen, L 3 ASV, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls Royce, Ulstein Group ASA, Wartsila.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Autonomy, By Ship Type, By Component, By Fuel Type, By End User. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | ABB Ltd., Honeywell International, Kongsberg Gruppen, L 3 ASV, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls Royce, Ulstein Group ASA, Wartsila |
COVID-19 Impact on Global Autonomous Ships Market
The global maritime industry faced unprecedented hurdles as a result of the COVID-19 outbreak. Production halts, supply chain interruptions, and crew and staff quarantine periods hampered market growth. Several cargo and passenger ships were barred from accessing the port due to the novel coronavirus disease (COVID-19). As a result, several merchant sailors remained on board, while ship owners paid additional fees as a result of the ship's prolonged stay in territorial waters. During the pandemic, declines in fishing tourism, cruise tourism, and leisure activities harmed the boating business. Furthermore, the epidemic had an impact on ships, compelling many sailors to retire and renew their contracts. Importing and exporting items and goods were also forbidden in order to limit the spread of new coronavirus infections.
Key Target Audience:
- Shipping Companies and Operators
- Ship Builders and Designers
- Government and Regulatory Authorities
- Insurance Companies
- Environmental Organizations
Our in-depth analysis of the Autonomous Ships Market includes the following segments:
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| By Ship Type: |
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| By Fuel Type: |
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| By End User: |
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Key Topics Covered in the Report:
- Global Autonomous Ships Market Size (FY’2023-FY’2033)
- Overview of Global Autonomous Ships Market
- Segmentation of Global Autonomous Ships Market By Autonomy (Fully autonomous, Semi-autonomous)
- Segmentation of Global Autonomous Ships Market By Ship Type (Commercial ships, Défense ships, Passenger ship)
- Segmentation of Global Autonomous Ships Market By Component (Hardware, Software)
- Segmentation of Global Autonomous Ships Market By Fuel Type (Carbon neutral fuels, Electric batteries, Heavy fuel oils (HFO), Liquefied natural gas)
- Segmentation of Global Autonomous Ships Market By End User (Line Fit, Retrofit)
- Statistical Snap of Global Autonomous Ships Market
- Expansion Analysis of Global Autonomous Ships Market
- Problems and Obstacles in Global Autonomous Ships Market
- Competitive Landscape in the Global Autonomous Ships Market
- Impact of COVID-19 and Demonetization on Global Autonomous Ships Market
- Details on Current Investment in Global Autonomous Ships Market
- Competitive Analysis of Global Autonomous Ships Market
- Prominent Players in the Global Autonomous Ships Market
- SWOT Analysis of Global Autonomous Ships Market
- Global Autonomous Ships Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Autonomous Ships Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Autonomous Ships Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Autonomous Ships Market
7. Global Autonomous Ships Market, By Autonomy (USD Million)
7.1. Global Autonomous Ships Market Value Share and Forecast, By Autonomy, 2023-20337.2. Fully autonomous7.3. Semi-autonomous
8. Global Autonomous Ships Market, By Ship Type (USD Million)
8.1. Global Autonomous Ships Market Value Share and Forecast, By Ship Type, 2023-20338.2. Commercial ships8.3. Défense ships8.4. Passenger ship
9. Global Autonomous Ships Marke, By Component (USD Million)
9.1. Global Autonomous Ships Market Value Share and Forecast, By Component, 2023-20339.2. Hardware
9.3. Software
10. Global Autonomous Ships Market, By Fuel Type (USD Million)
10.1. Global Autonomous Ships Market Value Share and Forecast, By Fuel Type, 2023-203310.2. Carbon neutral fuels10.3. Electric batteries10.4. Heavy fuel oils (HFO)10.5. Liquefied natural gas
11. Global Autonomous Ships Market, By End User (USD Million)
11.1. Global Autonomous Ships Market Value Share and Forecast, By End User, 2023-203311.2. Line Fit11.3. Retrofit
12. Global Autonomous Ships Market Forecast, 2019-2033 (USD Million)
12.1. Global Autonomous Ships Market Size and Market Share
13. Global Autonomous Ships Market, By Autonomy 2019-2033 (USD Million)
13.1. Global Autonomous Ships Market Size and Market Share By Autonomy (2019-2026)13.2. Global Autonomous Ships Market Size and Market Share By Autonomy (2027-2033)
14. Global Autonomous Ships Market, By Ship Type, 2019-2033 (USD Million)
14.1. Global Autonomous Ships Market Size and Market Share By Ship Type (2019-2026)14.2. Global Autonomous Ships Market Size and Market Share By Ship Type (2027-2033)
15. Global Autonomous Ships Market, By Component, 2019-2033 (USD Million)
15.1. Global Autonomous Ships Market Size and Market Share By Component (2019-2026)15.2. Global Autonomous Ships Market Size and Market Share By Component (2027-2033)
16. Global Autonomous Ships Market, By Fuel Type, 2019-2033 (USD Million)
16.1. Global Autonomous Ships Market Size and Market Share By Fuel Type (2019-2026)16.2. Global Autonomous Ships Market Size and Market Share By Fuel Type (2027-2033)
17. Global Autonomous Ships Market, By End User, 2019-2033 (USD Million)
17.1. Global Autonomous Ships Market Size and Market Share By End User (2019-2026)17.2. Global Autonomous Ships Market Size and Market Share By End User (2027-2033)
18. Global Autonomous Ships Market, By Region, 2019-2033 (USD Million)
18.1. Global Autonomous Ships Market Size and Market Share By Region (2019-2026)18.2. Global Autonomous Ships Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. ABB Ltd.19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Honeywell International19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Kongs Berg Gruppen19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. L 3 ASV19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Marine Technologies LLC.19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Mitsui O.S.K. Lines19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Northrop Grumman19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Rolls Royce19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Ulstein Group ASA19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Wartsila19.10.1. Company details19.10.2. Financial outlook19.10.3. Product summary19.10.4. Recent developments19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Autonomous Ships Market is projected to reach USD 189.96 billion by 2033, growing at a CAGR of 7.1% during the forecast period.
Autonomous Ships Market grew in market size from 2023. The Market is expected to reach USD 189.96 billion by 2033, at a CAGR of 7.1% during the forecast period.
Autonomous Ships Market CAGR of 7.1% during the forecast period.
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Autonomous Ships Market size is USD 189.96 billion from 2023 to 2033.
Autonomous Ships Market Segment is Covered By Autonomy, By Ship Type, By Component, By Fuel Type, By End User.
The North America region is anticipated to have the highest market share in Autonomous Ships Market.
The key players in the market include Companies Covered ABB Ltd., Honeywell International, Kongsberg Gruppen, L 3 ASV, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls Royce, Ulstein Group ASA, Wartsila
Autonomous Ships Market, including market size and trends, product mix, applications, and supplier analysis.
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