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
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| 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
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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 Autonomy:
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Fully autonomous
Semi-autonomous
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By Ship Type:
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Commercial ships
Défense ships
Passenger ship
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By Component:
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Hardware
Software
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By Fuel Type:
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Carbon neutral fuels
Electric batteries
Heavy fuel oils (HFO)
Liquefied natural gas
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By End User:
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Line Fit
Retrofit
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Autonomous Ships Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Autonomous Ships Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Fully autonomous
7.3. 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, 2023-2033
8.2. Commercial ships
8.3. Défense ships
8.4. Passenger ship
9. Global Autonomous Ships Marke, By Component (USD Million)
9.1. Global Autonomous Ships Market Value Share and Forecast, By Component, 2023-2033
9.2. 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, 2023-2033
10.2. Carbon neutral fuels
10.3. Electric batteries
10.4. 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, 2023-2033
11.2. Line Fit
11.3. 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-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. ABB Ltd.
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Honeywell International
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Kongs Berg Gruppen
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. L 3 ASV
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. Marine Technologies LLC.
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Mitsui O.S.K. Lines
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Northrop Grumman
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Rolls Royce
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Ulstein Group ASA
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Wartsila
19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments
19.11. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope