What is Self-driving Ships Market?
Self-driving ships are autonomous marine vehicles intended to be guided by their own and uses the technology similar to the driverless cars or pilotless aircraft. Shipping, being an important mode of transportation, has witnessed various advancements and self-driving is expected to provide a perfect platform for full-fledged AI incorporation in the marine industry. Noticing the importance of such development, countries like Norway, the United Kingdom, Japan, Finland and China are already exploring all the possibilities and research & trials are underway in this regard.
The market study is being classified by Type (Maritime Self-driving Ships and Small Self-driving Ships), by Application (Commercial & Scientific and Military & Defense) and major geographies with country level break-up.
Kongsberg (Norway), Rolls-Royce (United Kingdom), ASV Global (United States), DARPA (United States), NYK Line (Japan), Mitsui O.S.K. Lines (Japan), HNA Group (China), Yara (Norway), Airbnb (United States), Automated Ships Ltd. (United Kingdom) and Vigor Industrial etc (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Uber (United States), Airbnb (United States) and Spotify (Sweden).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Self-driving Ships market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Self-driving Ships market by Type, Application and Region.
On the basis of geography, the market of Self-driving Ships has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Surging Deployment of Small Ferries Which Are a Key Part of the Transportation Network in Most of the Developed Economies
- High Investment in Automation Across the Globe
- Avoid Human Errors
Market Trend
- Adoption of Artificial Intelligence (AI) in Autonomous and Remote-Controlled Shipping
- Reduction or Elimination of Crews
- Surging Adoption of the Internet of Things (IoT) Technology
Restraints
- Legal Challenges of Constructing and Operating a Demonstration Vessel
- High Initial Investment
Opportunities
- Increasing Need to Improve Safety for Passenger Ferries and Cruise Liners
- Autonomous Ships will be, More Efficient and Cheaper to Build and Operate
Challenges
- Increasing Concern Regarding Cyber Security and Data Breaches
In October 2018, The ongoing partnership between Intel and Rolls-Royce to build self-driving ships and According to maritime authority “International regulation within this area is paramount and it is good to see that the IMO has taken up the challenge. IMO look forward to continuing their active contribution to this work and optimistic about sticking to the ambitious roadmap aiming at completing the analytical work by 2020.”
"The marine industry is principally regulated by the International Maritime Organization (IMO), which is the London based United Nations agency responsible for the safety of life at sea and the protection of the marine environment."
Key Target Audience
Self-driving Ships Manufacturers, Software Providers, Self-driving Ships Suppliers, Private Organisations, Governments and Others