Press release
Key Factor Supporting Global Vessel Route Optimization Artificial Intelligence (AI) Market Development in 2025: Rising Fuel Costs Fueling The Growth Of The Market Due To Crude Oil Price Fluctuations And Increasing Operational Expenses
Vessel Route Optimization Artificial Intelligence AI
How Large Will the Vessel Route Optimization Artificial Intelligence (AI) Market Size By 2025?
The market size for artificial intelligence (AI) in vessel route optimization has seen significant growth in recent times. It is projected to expand from $1.34 billion in 2024 to $1.51 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.7%. This growth trajectory during the historical period can be linked to factors such as escalating regulatory pressures on emissions, the growing requirement for operational efficiency, an increased focus on safety and risk management, rising fuel costs, incentives from both industry and government, and a surging demand for digitalization.
How Big Is the Vessel Route Optimization Artificial Intelligence (AI) Market Size Expected to Grow by 2029?
Expectations are high for a swift expansion in the vessel route optimization artificial intelligence (AI) market in the coming years. The market is predicted to rise to $2.41 billion by 2029, with a compound annual growth rate (CAGR) of 12.3%. Factors contributing to this projected growth during the forecast period include enhanced adoption of autonomous vessels, escalating demand for smart marine navigation systems, increasing investments in port modernization, digital innovation in maritime industries, and rigorous environmental rules. Key trends for the forecast period incorporate improvements in sensor technology, application of AI technologies, technology use in autonomous vessels, progress in data processing, and integration of real-time data.
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Which Key Market Drivers Powering Vessel Route Optimization Artificial Intelligence (AI) Market Expansion and Growth?
Fuel price hikes are projected to boost the expansion of the vessel route optimization artificial intelligence (AI) market. Fuel expenses are those associated with acquiring the required fuel for the operation of vehicles, ships, aircraft, or equipment. These increasing fuel costs result from crude oil price volatility sparked by geopolitical strain and supply-demand inequities. By offering data-driven route planning, vessel route optimization AI technology aids in the reduction of fuel costs, making it a beneficial tool for shipping firms and fleet managers. This technology cuts unnecessary fuel usage by optimizing navigation routes and preventing delays, thus enhancing operational efficacy and sustainability. For example, the UK government's Competition and Markets Authority reported in September 2025 that the average petrol price between May and August 2025 surged by 1.9 pence to 133.9 pence per litre, and diesel by 3.5 pence to 141.9 pence per litre. Consequently, the current trend of escalating fuel costs is contributing to the development of the vessel route optimization AI market.
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Which Fast-Growing Trends Are Poised to Disrupt the Vessel Route Optimization Artificial Intelligence (AI) Market?
Top companies within the vessel route optimization AI market are shifting their focus towards creating technologically superior solutions such as AI-powered vessel route optimization features to increase operational effectiveness, lower emissions and enhance safety for maritime operations. An AI-powered vessel route optimization solution is a system that utilizes AI and real-time data to devise the most efficient, secure, and cost-friendly routes for vessels, thus lowering fuel usage and emissions. For example, HD Hyundai Marine Solution Co. Ltd., a reputable engineering services firm based in South Korea, introduced OceanWise, an AI-powered route optimization solution for maritime vessels, in January 2025. This innovative system makes use of extensive data and AI algorithms to improve maritime routes, leading to a considerable reduction in fuel usage and greenhouse gas emissions. OceanWise has shown an average fuel savings efficiency of 5.3%, resulting in substantial cost savings. HD Hyundai intends to broaden the solution to various vessel categories and provide it as a subscription service, aiming to promote affordable and sustainable shipping in light of growing environmental regulations.
What Are the Emerging Segments in the Vessel Route Optimization Artificial Intelligence (AI) Market?
The vessel route optimization artificial intelligence (AI) market covered in this report is segmented as
1) By Component: Software, Hardware, Services
2) By Vessel Type: Container Ships, Bulk Carriers, Tankers, Passenger Ships, Other Vessel Types
3) By Deployment Mode: On-Premises, Cloud
4) By Application: Fleet Management, Fuel Optimization, Voyage Planning, Emission Control, Other Applications
5) By End-User: Commercial Shipping, Defense, Oil And Gas, Fishing, Other End Users
Subsegments:
1) By Software: Predictive Analytics, Decision Support Systems, Simulation Modeling, Machine Learning Algorithms, Route Planning Platforms
2) By Hardware: Onboard Navigation Devices, Communication Equipment, Sensors And IoT Devices, Tracking And Monitoring Devices
3) By Services: Consulting Services, Implementation And Integration Services, Maintenance And Support Services, Training And Education Services, Data Management Services
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Who Are the Global Leaders in the Vessel Route Optimization Artificial Intelligence (AI) Market?
Major companies operating in the vessel route optimization artificial intelligence (ai) market are Wärtsilä Oyj Abp, Kongsberg Maritime AS, Spire Inc., RINA S.p.A., HD Hyundai Oilbank, ZeroNorth A/S, Weathernews Inc., Windward Ltd., OneOcean Group Ltd., Danelec Marine A/S, Orca AI Ltd., NextBillion.AI, Ascenz Marorka, Sinay Ltd., Sea Machines Robotics, Spinergie Ltd., Bearing Inc., Dataloy Systems AS, OrbitMI Inc., VoyageX Ltd.
Which are the Top Profitable Regional Markets for the Vessel Route Optimization Artificial Intelligence (AI) Industry?
North America was the largest region in the vessel route optimization artificial intelligence (AI) market in 2024. The regions covered in vessel route optimization artificial intelligence (AI) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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