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Autonomous Ships Market Growth, Dynamic Analysis, Business Insights, Drivers And Forecast To 2032
Autonomous Ships Market Analysis
The Business Research Company's Autonomous Ships Global Market Report 2023 identifies increasing marine accidents caused by human errors lead to high financial losses as the major driver for the autonomous ships market's growth in the forecast period. Unmanned ships or autonomous technology apprehend accidents attributed to human errors and contribute to the higher potential of reducing onboard accidents. According to a 2021 report published by the Insurance Information Institute, a US industry association which exists to improve public understanding of insurance, in 2020, 49 large ships were completely lost, which is essentially unchanged from 48 in 2019.
The global autonomous ships market size will grow from $6.88 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous ships is expected to grow to $9.47 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the autonomous ships market are General Electric, DNV GL, Rolls-Royce Holding PLC., Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd., Wärtsilä Corporation.
A key trend in the autonomous ships market includes strategic initiatives. For instance, according to Offshore Energy news published in September 2021, UK engineering company Rolls-Royce and Sea Machines Robotics, the USA-based startup developing autonomous ship solutions, have started a new collaboration that will deliver comprehensive remote command, autonomous control, and intelligent crew support systems to the marine market.
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The autonomous ships market is segmented -
1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous
2) By End-User: Commercial, Defense
3) By Propulsion Type: Fully Electric, Hybrid
4) By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the autonomous ships market.
The Business Research Company's "Global Autonomous Ships Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Autonomous Ships Market Include:
1. Executive Summary
2. Autonomous Ships Market Characteristics
3. Autonomous Ships Market Trends And Strategies
4. Autonomous Ships Market - Macro Economic Scenario
5. Autonomous Ships Market Size And Growth
…….
26. Africa Autonomous Ships Market
27. Autonomous Ships Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autonomous Ships Market
29. Autonomous Ships Market Future Outlook and Potential Analysis
30. Appendix
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