What is Autonomous Ships Market?
Autonomous ships also known as autonomous cargo ships or maritime autonomous surface ships (MASS), are seaborne vessels that transport either containers or bulk cargo with little or no human interaction. Autonomous ships are widely used as they provide safety benefits, (as 75% of maritime accidents are caused by a human error with the leading cause being fatigue and attention deficit).
Highlights from Autonomous Ships Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Wartsila (Finland), Kongsberg Gruppen (Norway), Northrop Grumman (United States), General Electric (United States), ABB (Switzerland), Honeywell International (United States) and Marlink (France) |
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Autonomous Ships market throughout the forecasted period.
Wartsila (Finland), Kongsberg Gruppen (Norway), Northrop Grumman (United States), General Electric (United States), ABB (Switzerland), Honeywell International (United States) and Marlink (France) are some of the key players profiled in the study. Autonomous Ships Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Commercial and Military |
Type | Partially Autonomous Ships and Fully Autonomous Ships |
Fuel | Carbon Neutral Fuels,LNG,Electric Batteries,Heavy fuel Oil/Marine Engine Fuel |
Component | Hardware,Software |
Ship Type | Passenger,Commercial,Defense |
On the basis of geography, the market of Autonomous 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.
Influencing Trend:
Trend of Automation in Marine Transportation
Market Growth Drivers:
Rise in Demand for Cargo Transportation through Marines, Increase in Operational Safety of Ships and Growing Maritime Tourism Industry Expected To Lead to the Development of Automation Systems in Passenger
Challenges:
The complexity of the Network and Lack of Common Standards for Data Generated From Different Subsystems in A Ship
Restraints:
Stringent Government Rules and Regulations
Opportunities:
Initiative for the Development of Autonomous Ships
Key Target Audience
Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Regulatory Bodies, Including Government Agencies And NGOs, Commercial Research & Development (R&D) Institutions, Importers and Exporters, Government Organizations, Research Organizations, And Consulting Firms, Trade Associations And Industry Bodies and End-Use Industries
Market Leaders & Development Strategies
In May 2023, ACUA Ocean and HydroSurv, two UK-based companies specializing in maritime autonomous systems, have announced their intention to merge, combining extensive expertise in the development and operation of Uncrewed Surface Vessels (USVs) and associated technologies for marine surveying and surveillance.
In December 2018, Rolls-Royce and Finnish state-owned ferry operator, Finferries, launched the world’s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. The car ferry, Falco, used a combination of Rolls-Royce Ship Intelligence technologies to successfully navigate autonomously during its voyage between Parainen and Nauvo. The return journey was remotely controlled.