Press release
Autonomous Boats market: Market Indicators Showing Positive Outlook
Autonomous Boats Market Size
As per the report, 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 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%.
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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
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.
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
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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 .
Contents of the report:
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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