Autonomous Ships Market Analysis, Growth, Top Companies, Trends, Demand, And Forecast To 2028 | Wartsila, Kongsberg Gruppen, Northrop Grumman, Rolls-Royce, General Electric

A recent report published by QMI on autonomous ships market is a detailed assessment of the most important market dynamics. After carrying out thorough research of autonomous ships market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for autonomous ships during the forecast period. It can enable manufacturers of autonomous ships to change their production and marketing strategies in order to envisage maximum growth.

According to the report, the autonomous ships market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.

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Autonomous ships are those ships that are piloted by AI (Artificial Intelligence). These ships are equipped with various sensors such as HD cameras, sonar, lidar, radar and thermal imaging that convert the ship to an autonomous and unmanned ship.

Segmentation for better understanding of this market and its growth prospects:

Based on the solution type, the market is divided into systems, software, and structures. Various systems are being developed for the convenience of the crew such as a machine health system, navigation system, and communication systems. They help provide the sailor's safety and security.
Based on the level of autonomy, the market is segmented into remote operations, partial automation and fully autonomous. As a fully autonomous system offers many advantages over its counterparts, the fully autonomous segment is expected to grow. There are various benefits of a fully autonomous system such as enhanced security, reduction in labor costs, and the convenience factor.

Based on the fit the market is segmented as line fit and retrofit. The linefit segment for the market of the autonomous ship market is anticipated to grow. There has been a rise in waterborne trade being carried out which has led to an increase of new ship manufacturing orders across the world, thereby increasing the linefit market.

By the ship type, the bifurcation is commercial and defense. Among the ship type, the commercial segment is leading the market as various autonomous ships are being used for trade by water. This has led to a reduction in the operation costs of the ships with the installation of automated systems.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Wartsila
2. Kongsberg Gruppen
3. Northrop Grumman
4. Rolls-Royce
5. General Electric
6. ABB
7. Honeywell International

Important Factors Impacting Market Growth:
o Rising seaborne trade
o Growing compliance with maritime norms
o Rise of maritime tourism

Insights about regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market. For autonomous ships market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions in the autonomous ships market.

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost aerospace & defense sector. In addition, some of the major countries like the US, France, UK, and Canada has been global exporters of aerospace & defense technologies due to established research & development centers, and others. Also, some of the major companies operating in autonomous ships market are headquartered in these regions.

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The Asia Pacific region is estimated to register fastest growing autonomous ships market since some of the major economies like China, India, and South Korea are present in the region. In recent decades, these countries have witnessed strong government spending on defense infrastructure, as well as promoting air transport and space research. During the forecast period, the Middle East region is estimated to be a potential region for autonomous ships market in the aerospace and defense sector. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market with increasing demand.

Market Segmentation:

By Solution Type:
Systems
Software
Structures

By Level of Autonomy:
Remote Operations
Partial Automation
Fully Autonomous

By Fit:
Linefit
Retrofit

By Ship Type:
Commercial
Defense

By Region:

North America
By Country (US, Canada, Mexico)
By Solution Type
By Level of Autonomy
By Fit
By Ship Type

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Solution Type
By Level of Autonomy
By Fit
By Ship Type

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Solution Type
By Level of Autonomy
By Fit
By Ship Type

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Solution Type
By Level of Autonomy
By Fit
By Ship Type

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Solution Type
By Level of Autonomy
By Fit
By Ship Type

Rest of the World
By Region (South America, Africa)
By Solution Type
By Level of Autonomy
By Fit
By Ship Type

Reasons To Buy This Report:

Market size estimation of the global Autonomous Ships Market on a regional and global basis

The unique research design for market size estimation and forecast

Profiling of major companies operating in the market with key developments

Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.