Collision Avoidance & Object Detection Maritime Market Size 2028

According to the new research report published by The Insight Partners on "Collision Avoidance and Object Detection Maritime Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (LiDAR, Computer Vision, Radar, and Others), Application (Blind Spot Detection, Night Vision, and Others), and End User (Unmanned Surface Vehicle, Ships, and Autonomous Underwater Vehicle)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The collision avoidance and object detection maritime market is projected to reach US$ 450.61 million in 2022; it is expected to grow at a CAGR of 8.2% during 2022-2028.

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The rising number of ships, cruises, and yachts is boosting the growth of the collision avoidance and object detection maritime market. Autonomous navigation technologies, including path planning, guidance and control, obstacle detection, and mapping, play an essential role in the safety of unmanned surface vehicles (USVs). The automatic detection of surrounding objects and estimation of their motion are key aspects in the marine industry, and since such systems operate in harsh environmental conditions, reliable and robust performance is necessitated. Information on surrounding vessels can be obtained using navigational aid systems enabled by the LiDAR and SONAR technologies, among others.

The International Regulations for Preventing Collisions at Sea (COLREGs) adopted by the International Maritime Organization (IMO) control the design and operation of collision avoidance systems. The use of cameras and LiDAR sensors for the target motion analysis of close‐range obstacles in marine environments is growing rapidly with advancements in optical sensor technology. Further, developments in AI and deep learning are expected to offer lucrative growth opportunities for the collision avoidance and object detection maritime market size during the forecast period.

A rise in the demand for expedition cruises for exhilarating adventures, and cultural and wildlife-spotting outings in watersport activities is a key trend bolstering the demand for safety features in water vehicles, which is triggering the collision avoidance and object detection maritime market size. The increase in disposable income and the rising trend for adopting a luxurious lifestyle are the key factors promoting the demand for expedition cruises.

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The autonomous systems use sensor data for object detection, obstacle avoidance, mapping, localization, and other tasks. Autonomous navigation systems are also used for sensor fusion and testing for high-performance applications using multi-sensor systems, including global navigation satellite system, inertial sensors, odometers, magnetometers, radars, LiDAR, cameras, barometers, maps, infrared, and ultrasound sensors. Also, the rise in adoption of autonomous ship navigation for commercialization purpose is further bolstering the collision avoidance and object detection maritime market growth. With the advancement of optical sensor technology, the use of cameras and lidar sensors for target motion analysis of close‐range obstacles in marine environments is growing rapidly. Furthermore, the increasing integration of AI and deep learning is expected to offer lucrative growth opportunities for the collision avoidance and object detection maritime market over the forecast period.

The report includes the segmentation of the global Collision Avoidance & Object Detection Maritime market as follows:

On the basis of end user, the collision avoidance and object detection maritime market is categorized unmanned surface vehicles, ships, autonomous underwater vehicles, and others. The ships segment accounted for the largest share of the market in 2021. This segment includes all those types of vessels that are not USVs or AUVs. The autonomous underwater vehicles segment is expected to register the fastest CAGR during the forecast period. Unmanned surface vehicles are used for a wide range of military and commercial applications. The Automatic Identification System (AIS), an object detection system network, makes it possible to collect a large volume of maritime traffic data and evaluate the collision avoidance ability of real-world ships.

The List of Companies - Collision Avoidance & Object Detection Maritimes Market

Benewake (Beijing) Co., Ltd.; Furono Electric Co., Ltd.; Garmin Ltd.; Orlaco Products BV; Raytheon Anschutz GmbH; Robopec SAS; Sea Machines Robotics, Inc.; Teledyne FLIR LLC; Terma A/S; and Velodyne Lidar, Inc. are key collision avoidance and object detection maritime market players.

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