Autonomous Ships Market
Autonomous Ships Market Forecasts to 2030 - Global Analysis By Ship Type (Commercial Ships, Warships, Offshore Support Ships, Yachts & Leisure Boats and Other Ship Types), Propulsion, Solution, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $4.26 BN |
|
Projected Year Value (2030) |
US $9.31 BN |
|
CAGR (2023 - 2030) |
11.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Autonomous Ships Market is accounted for $4.26 billion in 2023 and is expected to reach $9.31 billion by 2030 growing at a CAGR of 11.5% during the forecast period. Autonomous ships, also known as unmanned or self-navigating vessels, leverage advanced technologies like artificial intelligence, sensors, and satellite navigation to operate without human intervention. These vessels promise increased efficiency, cost savings, and reduced risks in maritime transport. Autonomous ships can navigate, avoid obstacles, and make decisions independently, transforming the shipping industry.
According to UNCTAD's Maritime Transport Review 2022, the Asia-Pacific region remained the world's crucial maritime cargo handling center in 2021, accounting for 42% of exports and 64% of imports.
Market Dynamics:
Driver:
Increasing demand for cargo transportation
As global trade surges, the need for efficient and cost-effective shipping solutions intensifies. Autonomous ships, with their potential to enhance operational efficiency, reduce costs, and optimize routes, emerge as a compelling solution. They address the pressing demand for streamlined and sustainable cargo logistics. This surge in demand positions autonomous ships as a transformative force in the maritime industry, offering a technologically advanced and efficient alternative to traditional manned vessels in meeting the evolving challenges of increased cargo transportation needs.
Restraint:
Unpredictable maritime conditions
Unpredictable maritime conditions present a formidable challenge for the autonomous ships, as the complex and dynamic nature of the sea poses difficulties for reliable autonomous navigation. Factors such as adverse weather, congested waterways, and potential emergencies demand sophisticated real-time decision-making capabilities. Ensuring the safety and efficiency of autonomous vessels in such unpredictable environments requires advanced sensor technologies and robust control systems, increasing development costs and hindering widespread adoption of autonomous ships.
Opportunity:
Rising investments in advanced ship technology
Increased funding facilitates the development and implementation of cutting-edge autonomous systems, propulsion technologies, and sensor arrays. This financial support accelerates research and development efforts, fostering innovation in navigation, communication, and control systems. Companies can capitalize on these investments to enhance the capabilities of autonomous ships, making them safer, more efficient, and better aligned with emerging industry standards, thereby driving the market's growth and establishing a competitive edge in the evolving maritime landscape.
Threat:
High upfront costs
Autonomous ships incur high upfront costs due to the sophisticated technology required, including advanced sensors, communication systems, and artificial intelligence. These investments pose a barrier to entry for many potential adopters, limiting market expansion. The initial financial burden deters shipping companies from embracing autonomous vessels, impeding widespread adoption. As a result, the maritime industry faces slow progress in transitioning to autonomous ships, hindering the market's growth.
Covid-19 Impact
The covid-19 pandemic has accelerated the adoption of autonomous ships as the maritime industry seeks to minimize human interaction and ensure operational continuity. The demand for unmanned vessels has increased due to their potential to enhance efficiency, reduce costs, and address workforce challenges posed by the pandemic. Despite initial disruptions in supply chains and project timelines, the autonomous ships market is expected to witness sustained growth as the industry prioritizes digitalization and automation to navigate the challenges brought about by the global health crisis.
The search & rescue operations segment is expected to be the largest during the forecast period
The search & rescue operations segment is estimated to have a lucrative growth, due to its enhanced efficiency and safety. These vessels, equipped with advanced sensors and artificial intelligence, can swiftly navigate challenging maritime environments, reducing response times during emergencies. Autonomous technology enables real-time data collection, analysis, and communication, aiding in rapid decision-making. Their autonomy minimizes human risk and ensures continuous operation, making them invaluable assets in safeguarding lives and responding effectively to maritime emergencies.
The offshore oil & gas segment is expected to have the highest CAGR during the forecast period
The offshore oil & gas segment is anticipated to witness the highest CAGR growth during the forecast period. These vessels, equipped with advanced navigation and communication systems, autonomously transport personnel, equipment, and supplies to offshore platforms. With reduced human intervention, they minimize operational risks and lower costs. They also offer continuous monitoring capabilities, enabling real-time data collection for improved decision-making. Their integration in the offshore oil & gas sector signifies a transformative shift towards increased productivity and safety in challenging maritime environments.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the due to the growing popularity of autonomous driving and ship ownership. The region's thriving maritime sector, together with an emphasis on cutting expenses and improving security, has fuelled the uptake of autonomous ship technology. Several major companies in the region, including Wartsila Corporation, Kongsberg, and Rolls-Royce, are making research and development investments to enhance autonomous navigation systems, establishing the Asia Pacific region as a major focus for the creation and use of autonomous ships.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the growing investments and initiatives by European governments and corporations interested in autonomous ships. The world's largest concentration of ship owners is found in Europe. The expansion of the region is facilitated by the ship owners' increasing use of autonomous systems and components to be retrofitted in their current vessels. Furthermore, throughout the forecast period, the quick improvement of technology combined with the growing trend of automated system adoption is anticipated to propel the expansion of the regional market.
Key players in the market
Some of the key players profiled in the Autonomous Ships Market include ABB Limited, General Electric, L3Harris Technologies, Honeywell International Inc, BAE Systems, Kongsberg Gruppen Maritime, Siemens Energy, Northrop Grumman, Ulstein Group ASA, Neptec Technologies Corporation, Rolls Royce PLC, Mitsui, Marine Technologies LLC, Sea Machines Robotics Inc, Samsung Heavy Industries, Wartsila, Shone Automation Inc, Alphabet Inc, Austal Limited and HD Hyundai Heavy Industries Limited.
Key Developments:
In May 2023, L3Harris Technologies has partnered with BigBear.ai to provide advanced autonomous surface vessels (ASVs) and artificial intelligence (AI) to current and future maritime defense programs. Under the agreement, L3Harris' ASView system will be integrated with BigBear.ai's predictive computer vision technology to identify better and classify vessels, improve situational awareness, and support manned and unmanned group missions.
In March 2023, Samsung Heavy Industries Co. (SHI) and Kongsberg Maritime (KM) have signed a joint development project agreement (JDA) to design a next-generation autonomous 174K LNG carrier that uses autonomous remote control and low-emission technology.
In February 2023, Austal USA delivered the US Navy its autonomous capable EPF 13 ship. Austal integrated an automated maintenance, health monitoring, and mission readiness capability into EPF 13. It will enable the vessel to operate for up to 30 days without human intervention in combination with existing highly automated hull, mechanical & electrical systems installed on EPF class vessels.
Ship Types Covered:
• Commercial Ships
• Warships
• Offshore Support Ships
• Yachts & Leisure Boats
• Other Ship Types
Propulsions Covered:
• Hybrid
• Conventional
Solutions Covered:
• Hardware
• Software
• Services
• Other Solutions
Applications Covered:
• Search & Rescue Operations
• Environmental Monitoring
• Aquaculture Support
• Icebreakers & Polar Exploration
• Humanitarian Aid & Disaster Response
• Anti-Submarine Warfare (ASW) Applications
• Mine Countermeasures
• Other Applications
End Users Covered:
• Shipping Industries
• Defense & Security
• Scientific Research
• Offshore Oil & Gas
• Leisure & Tourism
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Autonomous Ships Market, By Ship Type
5.1 Introduction
5.2 Commercial Ships
5.2.1 Container Ships
5.2.2 Bulk Carriers
5.2.3 Tankers
5.2.4 Ro-Ro (Roll-on/Roll-off) Ships
5.2.5 Ferries
5.2.6 Cruise Ships
5.3 Warships
5.4 Offshore Support Ships
5.5 Yachts & Leisure Boats
5.6 Other Ship Types
6 Global Autonomous Ships Market, By Propulsion
6.1 Introduction
6.2 Hybrid
6.3 Conventional
7 Global Autonomous Ships Market, By Solution
7.1 Introduction
7.2 Hardware
7.2.1 Sensors
7.2.2 Actuation Systems
7.2.3 Communication Systems
7.3 Software
7.3.1 Artificial Intelligence (AI) Algorithms
7.3.2 Machine Learning (ML) Algorithms
7.3.3 Control Systems
7.3.4 Collision Avoidance Systems
7.3.5 Navigation Systems
7.3.6 Dynamic Positioning Systems
7.4 Services
7.4.1 Consulting & Design Services
7.4.2 Installation & Integration Services
7.4.3 Maintenance & Support Services
7.4.4 Training & Education Services
7.5 Other Solutions
8 Global Autonomous Ships Market, By Application
8.1 Introduction
8.2 Search & Rescue Operations
8.3 Environmental Monitoring
8.4 Aquaculture Routine Tasks
8.5 Icebreakers & Polar Exploration
8.6 Humanitarian Aid & Disaster Response
8.7 Anti-Submarine Warfare (ASW)
8.8 Mine Countermeasures
8.9 Other Applications
9 Global Autonomous Ships Market, By End User
9.1 Introduction
9.2 Shipping Industries
9.3 Defense & Security
9.4 Scientific Research
9.5 Offshore Oil & Gas
9.6 Leisure & Tourism
9.7 Other End Users
10 Global Autonomous Ships Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB Limited
12.2 General Electric
12.3 L3Harris Technologies
12.4 Honeywell International Inc
12.5 BAE Systems
12.6 Kongsberg Gruppen Maritime
12.7 Siemens Energy
12.8 Northrop Grumman
12.9 Ulstein Group ASA
12.10 Neptec Technologies Corporation
12.11 Rolls Royce PLC
12.12 Mitsui
12.13 Marine Technologies LLC
12.14 Sea Machines Robotics Inc
12.15 Samsung Heavy Industries
12.16 Wartsila
12.17 Shone Automation Inc
12.18 Alphabet Inc
12.19 Austal Limited
12.20 HD Hyundai Heavy Industries Limited
List of Tables
1 Global Autonomous Ships Market Outlook, By Region (2021-2030) ($MN)
2 Global Autonomous Ships Market Outlook, By Ship Type (2021-2030) ($MN)
3 Global Autonomous Ships Market Outlook, By Commercial Ships (2021-2030) ($MN)
4 Global Autonomous Ships Market Outlook, By Container Ships (2021-2030) ($MN)
5 Global Autonomous Ships Market Outlook, By Bulk Carriers (2021-2030) ($MN)
6 Global Autonomous Ships Market Outlook, By Tankers (2021-2030) ($MN)
7 Global Autonomous Ships Market Outlook, By Ro-Ro (Roll-on/Roll-off) Ships (2021-2030) ($MN)
8 Global Autonomous Ships Market Outlook, By Ferries (2021-2030) ($MN)
9 Global Autonomous Ships Market Outlook, By Cruise Ships (2021-2030) ($MN)
10 Global Autonomous Ships Market Outlook, By Warships (2021-2030) ($MN)
11 Global Autonomous Ships Market Outlook, By Offshore Support Ships (2021-2030) ($MN)
12 Global Autonomous Ships Market Outlook, By Yachts & Leisure Boats (2021-2030) ($MN)
13 Global Autonomous Ships Market Outlook, By Other Ship Types (2021-2030) ($MN)
20 Global Autonomous Ships Market Outlook, By Propulsion (2021-2030) ($MN)
22 Global Autonomous Ships Market Outlook, By Hybrid (2021-2030) ($MN)
23 Global Autonomous Ships Market Outlook, By Conventional (2021-2030) ($MN)
24 Global Autonomous Ships Market Outlook, By Solution (2021-2030) ($MN)
25 Global Autonomous Ships Market Outlook, By Hardware (2021-2030) ($MN)
26 Global Autonomous Ships Market Outlook, By Sensors (2021-2030) ($MN)
27 Global Autonomous Ships Market Outlook, By Actuation Systems (2021-2030) ($MN)
28 Global Autonomous Ships Market Outlook, By Communication Systems (2021-2030) ($MN)
29 Global Autonomous Ships Market Outlook, By Software (2021-2030) ($MN)
30 Global Autonomous Ships Market Outlook, By Artificial Intelligence (AI) Algorithms (2021-2030) ($MN)
31 Global Autonomous Ships Market Outlook, By Machine Learning (ML) Algorithms (2021-2030) ($MN)
32 Global Autonomous Ships Market Outlook, By Control Systems (2021-2030) ($MN)
33 Global Autonomous Ships Market Outlook, By Collision Avoidance Systems (2021-2030) ($MN)
34 Global Autonomous Ships Market Outlook, By Navigation Systems (2021-2030) ($MN)
35 Global Autonomous Ships Market Outlook, By Dynamic Positioning Systems (2021-2030) ($MN)
36 Global Autonomous Ships Market Outlook, By Services (2021-2030) ($MN)
37 Global Autonomous Ships Market Outlook, By Consulting & Design Services (2021-2030) ($MN)
38 Global Autonomous Ships Market Outlook, By Installation & Integration Services (2021-2030) ($MN)
39 Global Autonomous Ships Market Outlook, By Maintenance & Support Services (2021-2030) ($MN)
40 Global Autonomous Ships Market Outlook, By Training & Education Services (2021-2030) ($MN)
41 Global Autonomous Ships Market Outlook, By Other Solutions (2021-2030) ($MN)
42 Global Autonomous Ships Market Outlook, By Application (2021-2030) ($MN)
43 Global Autonomous Ships Market Outlook, By Search & Rescue Operations (2021-2030) ($MN)
44 Global Autonomous Ships Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
45 Global Autonomous Ships Market Outlook, By Aquaculture Routine Tasks (2021-2030) ($MN)
46 Global Autonomous Ships Market Outlook, By Icebreakers & Polar Exploration (2021-2030) ($MN)
47 Global Autonomous Ships Market Outlook, By Humanitarian Aid & Disaster Response (2021-2030) ($MN)
49 Global Autonomous Ships Market Outlook, By Anti-Submarine Warfare (ASW) (2021-2030) ($MN)
50 Global Autonomous Ships Market Outlook, By Mine Countermeasures (2021-2030) ($MN)
51 Global Autonomous Ships Market Outlook, By Other Applications (2021-2030) ($MN)
52 Global Autonomous Ships Market Outlook, By End User (2021-2030) ($MN)
53 Global Autonomous Ships Market Outlook, By Shipping Industries (2021-2030) ($MN)
54 Global Autonomous Ships Market Outlook, By Defense & Security (2021-2030) ($MN)
55 Global Autonomous Ships Market Outlook, By Scientific Research (2021-2030) ($MN)
56 Global Autonomous Ships Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
57 Global Autonomous Ships Market Outlook, By Leisure & Tourism (2021-2030) ($MN)
58 Global Autonomous Ships Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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