Press release
Future of Autonomous Ships 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 Autonomous Ships Market by 2025?
The market for autonomous ships has experienced robust growth lately. Its expansion is predicted to progress from $7.82 billion in 2024 to $8.24 billion by 2025, indicating a compound annual growth rate (CAGR) of 5.4%. This growth during the historic period is a result of industry efforts and pilot projects, early advancements in technology, maritime safety issues, military and research initiatives, and changes in trade and transportation.
What Is the Estimated Market Growth Value for the Autonomous Ships Industry in 2029?
The market for autonomous ships is anticipated to witness significant expansion in the coming years, with projections indicating a rise to $10.5 billion in 2029, and a compound annual growth rate (CAGR) of 6.2%. Factors contributing to growth during the forecast period include societal understanding and acceptance, preparedness of infrastructure, advancements in safety, trends in the global shipping industry, and demands for environmental sustainability. Key trends anticipated during this period encompass the digitalization of the maritime industry, enhancements in safety and efficiency, the development of regulatory frameworks, environmental regulations and concerns, and the management of remote fleets.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/autonomous-ships-global-market-report
What Are the Growth Drivers and Opportunities in the Autonomous Ships Market?
Rising maritime mishaps due to human errors, which bring about considerable financial damages, are expected to be a significant catalyst in escalating the autonomous ship market growth. Autonomous technology or unmanned vessels capture accidents relating to human mistakes and boost the potential to decrease onboard mishaps. For instance, a UK government agency, the Marine Accident Investigation Branch (MAIB), reported in July 2023 that roughly 700 marine pilots carried out more than 96,000 transfers utilizing pilot ladders, resulting in over 400 instances. From these, 25% were generated by shackles substituting rolling hitches for the security of the side ropes, 23% resulted from the ladders' poor material condition, and 13% were due to inadequate handhold stanchions. Thus, employing autonomous ships to mitigate the escalating accidents due to human error and financial damages will likely stimulate the demand for the expansion of the autonomous ships market in the coming years.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3162&type=smp
What Are the Primary Segments Covered in the Global Autonomous Ships Market Report?
The autonomous ships market covered in this report is segmented -
1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous
2) By Propulsion Type: Fully Electric, Hybrid
3) By End-User: Commercial, Defense
Sub-Segments:
1) By Fully Autonomous: Fully Automated Container Ships, Autonomous Bulk Carriers, Unmanned Surface Vessels (USVs)
2) By Remote Operations: Remotely Operated Cargo Ships, Remote-Controlled Ferries, Teleoperated Fishing Vessels
3) By Partial Autonomous: Assisted Navigation Ships, Autonomous Barges With Human Oversight, Semi-Autonomous Yachts
What Are the Top Growth Trends in the Autonomous Ships Market?
Key corporations are proceeding with various strategic activities such as creating completely self-sufficient vessels, a significant trend anticipated to propel the growth of the autonomous ship sector. For example, UK-based Rolls-Royce and US-based Sea Machines Robotics initiated the launch of a new series of mtu NautIQ products in April 2022. These products are designed to provide advanced smart support systems for the marine industry. This selection includes the mtu NautIQ CoPilot, a cutting-edge pilot assist setup that independently administers prescribed trips; the mtu NautIQ CoOperate, allowing remote onboard payload commands from off the boat; and the mtu NautIQ CoDirect, a remote-helm system that lets operators control vessel features from a distance of up to 1,000 meters. These groundbreaking advancements aim to enhance operational productivity, safety, and eco-friendliness in maritime activities, emphasizing Rolls-Royce's dedication to spearheading technological progress in the marine sector.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=3162&type=smp
Which Companies Are Shaping the Future of the Autonomous Ships Market?
Major companies operating in the autonomous ships market include 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.Ş., Autonomous Knight BV, Mapsea Corp. Ltd.
Which Region Holds the Largest Market Share in the Autonomous Ships Industry?
Asia-Pacific was the largest region in the autonomous ships market in 2024. Western Europe was the second largest region in the autonomous ships market share. The regions covered in the autonomous ships market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with 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.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Future of Autonomous Ships Market: Size, Share & Forecasts to 2029 here
News-ID: 4173189 • Views: …
More Releases from The Business Research Company

Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…

Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…

Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…

Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
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…