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Autonomous Ships Market Size to Reach USD 165.61 Billion by 2030 | Valuates Reports

11-11-2021 10:11 AM CET | Logistics & Transport

Press release from: Valuates Reports

Autonomous Ships Market Size to Reach USD 165.61 Billion by 2030 |

The autonomous ships market size is estimated to be valued at $85.84 billion in 2020, and is projected to reach $165.61 billion by 2030, registering a CAGR of 6.8% from 2020 to 2030. Autonomous ships also known as crewless ships are equipped with the software & hardware without human interference. The components such as sensors, automated navigation, propulsion & auxiliary systems, GPS tracker, and others, present in the ships help to make decision in accordance with the environment. Moreover, the partially automated ships are controlled & monitored through the off-board control centers with the interference of humans. In addition, autonomous ships have their complete operations controlled by the advanced operating systems, which enables it to take decisions and actions by itself.

Autonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship. They are piloted by means of artificial intelligence and can be unmanned vessels functioning as a type of seafaring drone. They are combined with advanced sensors which give a precise image of the surrounding to the artificial intelligence system of the ship making it to operate accordingly.

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The component used in autonomous ships are supported by the services such as IoT, Artificial intelligence (AI) and others, which help to follow mission plans, adjust mission execution, and sense the environment with the necessary decision logic. Presently, there is a demand for smart and autonomous ships which can reduce the human involvement in the operation. One of the major factors that drive the autonomous ships market share is increase in seaborne trades across the globe.

The autonomous ships market is segmented based on the level of autonomy, component, ship type, fuel type, channel type, and region. On the basis of level of autonomy, the market is divided into semi-autonomous and fully autonomous ships. Depending on the ship type, the market is categorized into commercial ships, defense ships, and passenger ships. By fuel type, the market is classified into carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils. And based on component, the market is divided into hardware and software. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players analyzed in the Autonomous Ships Market include ABB, ASV Global, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila.

By Level of Autonomy
➣Semi-autonomous
➣Fully-autonomous

By Ship Type
➣Commercial
➣Passenger
➣Defense

By Fuel Type
➣Carbon Neutral fuels
➣LNG
➣Electric Batteries
➣Heavy fuel Oil/Marine Engine Fuel

By Component
➣Hardware
➣Software

by Regional and Country-level Analysis
➣North America
➣United States
➣Canada
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣India
➣Southeast Asia
➣Australia
➣Rest of Asia-Pacific
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic Countries
➣Rest of Europe
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA

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