Press release
Autonomous Ships Global Market: Industry Trends and Future Outlook | 2024 To 2033 Key Players Mitsui E&S Holdings Co. Ltd., Siemens AG, General Electric Company, Hyundai Heavy Industries Co.
Autonomous Ships Global Market Share
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=3162&type=smp
According to The Business Research Company's, The autonomous ships market size has grown strongly in recent years. It will grow from $7.34 billion in 2023 to $7.82 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to industry initiatives & pilot projects, early technological development, maritime safety concerns, military & research initiatives, shifts in trade and transportation.
The autonomous ships market size is expected to see strong growth in the next few years. It will grow to $10.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to public perception & acceptance, infrastructure readiness, safety improvements, global shipping industry trends, environmental sustainability demands. Major trends in the forecast period include digitalization of maritime industry, safety and efficiency improvements, regulatory framework development, environmental concerns and regulations, remote fleet management.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/autonomous-ships-global-market-report
Market Drivers and Trends:
Increasing marine accidents caused by human errors lead to high financial losses, which are predicted to act as a major driver for the growth of the autonomous ship market. 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. Therefore, the use of autonomous ships to reduce the increasing number of accidents due to human error and financial losses is expected to drive the demand for the growth of the autonomous ships market over the next few years.
Major companies are undertaking various strategic initiatives like the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ship industry. 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Mitsui E&S Holdings Co. Ltd., Siemens AG, General Electric Company, Hyundai Heavy Industries Co. Ltd., Northrop Grumman Corporation, Honeywell International Inc., ABB Ltd., BAE Systems plc, Nippon Yusen Kabushiki Kaisha, L3Harris Technologies Inc., Rolls-Royce Holding plc, L3 ASV Global Ltd., Wärtsilä Corporation, Wärtsilä Corporation Inc., Valmet Corporation, Daewoo Shipbuilding & Marine Engineering Co. Ltd., Kongsberg Gruppen AS, DNV GL AS, Fugro N.V., Vigor Industrial LLC, Rh Marine Ltd., Ocean GNS, ASV Global Limited, Praxis Automation Technology B.V., Automated Ships Ltd., SELSAN A.S., Ocean Biofuels Ltd., Autonomous Knight BV, Mapsea Corp. Ltd., Eco Drone Laser P.S.A.
Autonomous Ships Market 2024 Key Insights:
• The autonomous ships market size is expected to see strong growth in the next few years. It will grow to $10.1 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• The Role Of Autonomous Technology In Mitigating Marine Accidents And Financial Losses
• Development Of Fully Autonomous Ships
• Asia-Pacific was the largest region in the autonomous ships market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=3162&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Autonomous Ships Global Market: Industry Trends and Future Outlook | 2024 To 2033 Key Players Mitsui E&S Holdings Co. Ltd., Siemens AG, General Electric Company, Hyundai Heavy Industries Co. here
News-ID: 3781704 • Views: …
More Releases from The Business Research Company
Offshore Patrol Vessel Global Market Insights: Growth Drivers, Size & Forecasts …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Offshore Patrol Vessel Industry?
The market size of offshore patrol vessels has seen robust growth in the recent past. The sector, which is projected to be valued at $25.67 billion in 2024, will increase to $27.5 billion in 2025, exhibiting a compound…
Military Exoskeleton Industry Growth Outlook: 12.7% CAGR and $2 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Military Exoskeleton Market Size 2025?
The size of the military exoskeleton market has seen swift growth in the past few years. It is projected to expand from $1.09 billion in 2024 to $1.24 billion in 2025, with a compound annual growth rate (CAGR) of…
Instrument Landing System And Visual Landing Aids Market to Grow at 5.6% CAGR, R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Instrument Landing System And Visual Landing Aids Market Outlook: How is the Market Expected to Grow by 2025?
Recent years have seen a substantial growth in the size of the instrument landing system and visual landing aids market. Currently valued at $2.27 billion in 2024, it is projected to rise…
Future of Coherent Radar Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Coherent Radar Market by 2025?
There has been a significant expansion in the coherent radar market size in the past few years. The market is set to escalate from a worth of $8.18 billion in 2024 to a higher value of $8.92…
More Releases for Autonomous
Autonomous a2z Surpasses 310,000 Miles in Urban Autonomous Driving
Image: https://www.getnews.info/uploads/a6d18c1130baedcbc75eef61f83ee2be.jpg
In Seoul, South Korea, Autonomous a2z, a company globally recognized in the autonomous driving sector, announced on August 16 that it had achieved a significant milestone: a cumulative urban autonomous driving distance of over 310,000 miles. This achievement marks the longest recorded distance for urban autonomous driving in South Korea, reaching the milestone just seven months after surpassing 250,000 miles in January.
This entire record was achieved on urban roads,…
The Road Ahead : Navigating the Semi-Autonomous & Autonomous Bus Market
According to a new report published by Allied Market Research, titled, "Semi-Autonomous & Autonomous Bus Market," The semi-autonomous & autonomous bus market is expected to be valued at $791.2 million in 2025, and is estimated to reach $2,904.1 million by 2035, growing at a CAGR of 14.6% from 2026 to 2035.
Europe region is expected to dominate the semi-autonomous & autonomous bus market in terms of revenue, followed by North America,…
Semi-Autonomous & Autonomous Truck Market Next Big Thing | Prominent Companies
Semi-autonomous and autonomous trucks control all the safety functions on their own as they sense the driving conditions of the surrounding. Semi-autonomous trucks are operated in longer distance with less human effort. Semi-autonomous trucks help the driver to regain controls by providing sufficient transition time. In addition, trucks can help reduce traffic congestion, leading to efficient delivery of goods and services. Furthermore, autonomous driving technology helps to reduce errors made…
Autonomous Tractor Market Growth by 2027| AGCO, Autonomous Solutions, Autonomous …
The "Global Autonomous Tractor Market Analysis to 2027" is a specialized and in-depth study of Automotive and Transportation industry with a special focus on the global Autonomous Tractor Market trend analysis. The report aims to provide an overview of the Autonomous Tractor Market with detailed market segmentation by components and by application. The global autonomous tractor market is expected to witness high growth during the forecast period. The report provides…
Autonomous Tractor Market Growth by 2027| AGCO, Autonomous Solutions, Autonomous …
The "Global Autonomous Tractor Market Analysis to 2027" is a specialized and in-depth study of Automotive and Transportation industry with a special focus on the global Autonomous Tractor Market trend analysis. The report aims to provide an overview of the Autonomous Tractor Market with detailed market segmentation by components and by application. The global autonomous tractor market is expected to witness high growth during the forecast period. The report provides…
Autonomous Tractors Market Key Players| AGCO Corporation, Autonomous Solutions, …
A Comprehensive research study conducted by KD Market Insights on " Autonomous Tractors Market - by Component (Sensor, GPS, Vision System, and Others) and Application (Tillage, Harvesting, Irrigation, Seed Sowing, Spraying, and Fertilizing) - Global Opportunity Analysis and Industry Forecast, 2018-2025 " report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Autonomous Tractors Market report includes market size, growth drivers, barriers, opportunities, trends and other information which…
