Global Autonomous Boats Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | ABB Ltd., BAE System, General Electric Company, Honeywell International Inc

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Autonomous Boats Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.64 billion In 2028 At A CAGR Of 6.8%.

The autonomous boats market size has grown strongly in recent years. It will grow from $1.17 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to market acceptance, cost reduction, investment trends, regulatory frameworks, historical use cases..

The autonomous boats market size is expected to see strong growth in the next few years. It will grow to $1.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to regulatory changes, market demand diversification, infrastructure development, global economic conditions, consumer acceptance.. Major trends in the forecast period include energy efficiency, ai integration, data connectivity, modular design, environmental sensing..

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Autonomous Boats Market Major Segments
The autonomous boats market covered in this report is segmented -

1) By Type: Commercial, Military
2) By Component: Hardware, Software
3) By Fuel Type: Carbon Neutral Fuels, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oils (HFO)
3) By Autonomy: Partial Automation, Remotely Operated, Fully Autonomous

Key Driver - Rising Demand For Marine Cargo Transportation Boosts Autonomous Boats Market

An increase in demand for cargo transportation through marines is expected to propel the growth of the autonomous boats market going forward. Cargo transportation refers to the transportation of bulk commodities by water, air, or land. Due to the safe and secure nature of water transportation, cargoes are efficiently transferred to other ports, leading to increased demand for cargo transit via waterways involving and creating demand for autonomous boats. For Instance, according to UNCTAD - United Nations Conference on Trade and Development based in Switzerland, a United Nations Secretariat that promotes the interests of developing countries in world trade, in 2021, Asia continued to be the world's top marine freight region in 2021, with Asian ports, including those in developed and developing nations, loading around 4.6 billion tons of cargo-or nearly 42% of all the cargo loaded in ports globally. In 2021, Asian ports received almost 7.1 billion tons of cargo, or 64% of all products released globally. Hence increase in demand for cargo transportation through marines is expected to propel the growth of the autonomous boat market

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Prominent Trend - Autonomous Boats Market Embraces Technological Advancements For Efficient And Sustainable Operations

Technology advancement is a key trend gaining popularity in the autonomous boats market. Major companies operating in the autonomous boats market are focused on developing new technological solutions to strengthen their position in the market. For instance, in November 2021, Yara Birkeland, a Norway-based manufacturer of electric and autonomous container vessels, innovated the first completely autonomous, electric cargo ship in the world. It will replace 40,000 trips made by diesel-powered trucks annually and reduce CO2 emissions by 1,000 tons.

Autonomous Boats Market Players
Major companies operating in the autonomous boats market report are ABB Ltd., BAE System, General Electric Company, Honeywell International Inc., Kongsberg Maritime, L3Harris Technology Inc., Northrop Grumman, Rolls-Royce Plc., Wärtsilä Oyj Abp, Aselsan A.S., Fugro N.V, Siemens Energy, Ulstein Group ASA, Flying Ship Technologies Corp., Marine Technologies LLC, Mitsui Engineering & Shipbuilding Co. Ltd., DNV GL, Sea Machines Robotics Inc., Neptec Technologies Corp., Intel Corporation, Google LLC, Shone Automation Inc., Buffalo Automation Inc., CargoKite, Rekise Marine Pvt. Ltd., Ladon Robotics, Unleash Future Boats, Mapsea Corp., EcoDrone, iXblue Photonics SAS .

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the autonomous boats market in 2023. The regions covered in the autonomous boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Autonomous Boats Market Report Structure
3. Autonomous Boats Market Trends And Strategies
4. Autonomous Boats Market - Macro Economic Scenario
5. Autonomous Boats Market Size And Growth
…..
27. Autonomous Boats Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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