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Autonomous Ships Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Autonomous Ships Market
1. Introduction to the autonomous ships market
The autonomous ships market is expected to grow at a CAGR of over 25% during the period 2019-2024. The market is driven by the need for reducing maritime accidents and the increasing demand for fuel efficiency.

According to the International Maritime Organization (IMO), the number of maritime accidents has been increasing over the past few years. In 2015, there were 1,222 accidents, which resulted in the loss of 913 lives. The main causes of maritime accidents include human error, bad weather, and faulty equipment.

Autonomous ships are equipped with sensors and cameras that help in avoiding collisions. These ships can also communicate with other ships in the vicinity, which helps in reducing the risk of accidents. Moreover, autonomous ships are capable of sailing in bad weather conditions as they can make real-time decisions based on the data collected by the sensors.

The shipping industry is responsible for transporting around 90% of the world’s trade. The industry is facing challenges such as increasing fuel costs, decliningfreight rates, and overcapacity. The shipping companies are looking for ways to reduce their operating costs.

Autonomous ships can help in reducing the operating costs of shipping companies as they do not require a crew. The crew is one of the major cost components in the shipping industry. Moreover, autonomous ships can sail for longer periods as they do not get tired.

The global autonomous ships market is segmented on the basis of type, application, and geography.

On the basis of type, the market is segmented into fully autonomous ships and semi-autonomous ships.

The fully autonomous ships segment is expected to grow at the highest CAGR during the forecast period. Fully autonomous ships are expected to be commercially available by 2025. These ships are equipped with advanced sensors and cameras that help in collecting data about the surrounding environment. The data collected by the sensors is processed by the onboard computer, which helps in making real-time decisions.

On the basis of application, the market is segmented into cargo ships, passenger ships, and others. The cargo ships segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed

2. The current state of the autonomous ships market
The future of the maritime industry looks to be increasingly automated and connected, with a recent study by Lloyd’s Register finding that nearly 60% of maritime professionals believe that autonomous ships will be sailing the seas within the next 10 to 20 years.

This shift is being driven by a number of factors, including the ever-increasing costs of crew and the need to improve efficiency and safety. For example, it’s estimated that autonomous ships could reduce fuel consumption by up to 20%, as well as reducing the number of accidents at sea.

Unmanned ships are already being trialled by a number of companies, including Google spin-off Waymo, which is testing self-driving cars, and Rolls-Royce, which is developing an autonomous cargo ship that it plans to launch in 2020.

The potential market for autonomous ships is huge, with the global maritime industry currently worth around $1.5 trillion. And it’s not just the big players who are getting involved – start-ups are also playing a role in the development of this new technology.

For example, San Francisco-based Sea Machines Robotics is developing an autonomous vessel control system that it says can be retrofitted to existing ships. The company has already secured $3.5 million in funding and is working with a number of major maritime companies, including Maersk and the US Navy.

The development of autonomous ships is still in its early stages, but it’s clear that the market is set to grow rapidly in the coming years. With the costs of crew and the need for improved efficiency and safety, it’s likely that autonomous ships will play a major role in the future of the maritime industry.

3. The future of the autonomous ships market
The future of the autonomous ships market looks bright. The technology is becoming more advanced and less expensive, making it more accessible to a wider range of users. In addition, the benefits of using autonomous ships are becoming more widely recognized, and the number of applications for the technology is growing.

The market for autonomous ships is still in its early stages, but it is expected to grow rapidly in the coming years. A number of factors are driving this growth, including the increasing availability of autonomous ships, the decreasing cost of the technology, and the increasing awareness of the benefits of using autonomous ships.

The number of autonomous ships is expected to increase rapidly in the coming years. This is due to the increasing availability of the technology and the decreasing cost. A number of shipyards are already offering autonomous ships, and the number is expected to grow in the future. In addition, a number of companies are working on developing autonomous ships, and it is expected that more will enter the market in the coming years.

The cost of autonomous ships is expected to decrease in the future as the technology becomes more advanced and less expensive. This is due to the economies of scale that will be achieved as the number of autonomous ships increases. In addition, the technology is expected to become more efficient as it matures, further reducing the cost.

The benefits of using autonomous ships are becoming more widely recognized, and this is expected to drive growth in the market. Autonomous ships offer a number of advantages, including the ability to operate in all weather conditions, reduced operating costs, and increased safety. In addition, autonomous ships can free up crew members for other tasks, such as monitoring the ship and providing customer service.

The market for autonomous ships is still in its early stages, but it is expected to grow rapidly in the coming years. A number of factors are driving this growth, including the increasing availability of autonomous ships, the decreasing cost of the technology, and the increasing awareness of the benefits of using autonomous ships.

4. The benefits of autonomous ships
The maritime industry is in the midst of a digital transformation, with new technologies such as artificial intelligence (AI), big data, and the Internet of Things (IoT) being adopted at an accelerating pace. One of the most significant changes on the horizon is the introduction of autonomous ships.

There are many potential benefits of autonomous ships, including improved safety, efficiency, and environmental sustainability.

1. Improved safety

One of the most significant benefits of autonomous ships is improved safety. Traditional maritime transportation is associated with a high risk of accidents, due to the complex nature of the operation and the challenges of working in adverse weather conditions.

Autonomous ships have the potential to significantly reduce the number of accidents, as they can be equipped with advanced sensors and navigation systems that allow them to avoid collisions and navigate safely in all conditions.

2. Improved efficiency

Autonomous ships can be operated with a reduced crew, or even without a crew onboard. This can lead to significant cost savings, as salaries and other associated costs are one of the largest expenses for shipowners.

In addition, autonomous ships can be operated more continuously and with shorter turnaround times, as there is no need for rest breaks for the crew. This can further reduce costs and increase efficiency.

3. Environmental sustainability

Autonomous ships can be powered by alternative fuels such as solar and wind energy, which can help to reduce emissions and improve environmental sustainability.

In addition, autonomous ships can be operated more efficiently than traditional vessels, leading to further reductions in emissions.

4. Increased flexibility

Autonomous ships can be operated in a variety of environments, including in remote areas and in waters that are too shallow or dangerous for traditional vessels. This increased flexibility can open up new shipping routes and allow for the transport of cargo to new markets.

Overall, the benefits of autonomous ships are significant and are likely to lead to increased adoption of these vessels in the coming years.

5. The challenges of autonomous ships
The shipping industry is under pressure to reduce costs and emissions while improving safety. One way to do this is to move towards autonomous ships. However, there are a number of challenges that need to be overcome before this can become a reality.

One of the biggest challenges is the development of reliable sensors and algorithms that can accurately perceive and interpret the complex maritime environment. The sensors need to be able to identify other vessels, buoys, land features, and weather conditions. They also need to be able to track the movement of these objects and predict their future trajectories.

Another challenge is the development of systems that can safely and effectively control the ship. These need to be able to handle the dynamic and uncertain maritime environment. They also need to be able to interact with other vessels in a safe and predictable way.

A further challenge is the integration of all of these systems onto the ship. This is a complex task that needs to be done in a way that ensures the safety and reliability of the system.

Finally, there is the challenge of changing the culture of the shipping industry. This is a conservative industry that is reluctant to change. There needs to be a shift in thinking in order to move towards autonomous ships.

All of these challenges need to be overcome if the shipping industry is to move towards autonomous ships. It is a complex task, but it is one that is essential if the industry is to reduce costs and improve safety.

6. The potential impact of autonomous ships on the maritime industry
The maritime industry is currently undergoing a digital transformation, with the adoption of new technologies such as the internet of things, big data, and artificial intelligence. One of the most disruptive technologies that is set to transform the maritime industry is autonomous ships.

Autonomous ships are vessels that are capable of navigating without a human crew on board. These ships are equipped with sensors, cameras, and other data-gathering devices that allow them to map their surroundings and make decisions on their own.

The potential impact of autonomous ships on the maritime industry is huge. These ships have the potential to revolutionize the way that goods are transported around the world. They could reduce the costs of shipping, increase efficiency, and improve safety.

There are a number of challenges that need to be addressed before autonomous ships can be deployed on a large scale. These include the development of regulations, the need for reliable sensors and data-gathering devices, and the training of crews to operate these ships.

Despite these challenges, the potential impact of autonomous ships on the maritime industry is huge. These ships have the potential to revolutionize the way that goods are transported around the world.

7. Conclusion
The global autonomous ships market is projected to grow from USD 4.9 billion in 2020 to reach USD 12.9 billion by 2030, at a CAGR of 11.1% during the forecast period. The growth of the market is attributed to the development of new technologies in the maritime industry and the growing demand for cost-effective and safe maritime transportation.

Some of the key players operating in the autonomous ships market include Rolls-Royce Holdings plc (UK), Kongsberg Gruppen ASA (Norway), Wärtsilä Corporation (Finland), General Electric (US), Caterpillar Inc. (US), Damen Shipyards Group (Netherlands), and Navis (US). These players have adopted various growth strategies, such as product launches and developments, mergers and acquisitions, partnerships and collaborations, and expansions, to further expand their presence in the global autonomous ships market.

In 2019, Kongsberg Gruppen ASA launched the world’s first autonomous and electric container vessel, the Yara Birkeland. The vessel is scheduled to begin operations in early 2020.

In 2018, Wärtsilä Corporation launched an autonomous navigation system, the Wärtsilä SAMENA, for small vessels. The system is designed to enable safe and efficient vessel operations in crowded waterways.

In 2017, Rolls-Royce Holdings plc launched an autonomous ship concept, the Rolls-Royce Blue Ocean Vessel. The vessel is designed to operate without a crew and will be powered by liquefied natural gas.

LIST OF KEY COMPANIES PROFILED:

    • ABB (Switzerland)
    • ASELSAN A.?. (Turkey)
    • BAE Systems (U.K.)
    • Fugro (Netherlands)
    • GE (U.S.)
    • Honeywell International Inc. (U.S.)
    • Kongsberg Maritime (Norway)
    • L3Harris Technologies, Inc. (U.S.)
    • Northrop Grumman (U.S.)
    • Rolls-Royce plc (U.K.)
    • Siemens Energy (Germany)
    • Wärtsilä (Finland)

Report Scope & Segmentation

 

  ATTRIBUTE

 

 

DETAILS

 

 

Study Period

 

 

2017-2028

 

 

Base Year

 

 

2020

 

 

Estimated Year

 

 

2021

 

 

Forecast Period

 

 

2021-2028

 

 

Historical Period

 

 

2017-2019

 

 

Unit

 

 

Value (USD Billion)

 

 

Segmentation

 

 

Autonomy, Solution, Ship Type, End User, and Geography

 

 

By Autonomy

    • Partial Automation
    • Remotely Operated
    • Fully Autonomous
 

By Solution

    • Hardware
    • Software
 

By Ship Type

    • Commercial
        • Bulk Carriers

       

        • Tankers

       

        • Dry Cargo

       

        • Containers

       

        • Others

       

    • Defense
 

By End-User

    • Line Fit
    • Retrofit
 

By Geography

 

 

 

 

    • North America (By Autonomy, Solution, Ship Type, End-User, and Country)
        • U.S. (By Autonomy)

       

        • Canada (By Autonomy)

       

    • Europe (By Autonomy, Solution, Ship Type, End-User, and Country)
        • U.K. (By Autonomy)

       

        • Germany (By Autonomy)

       

        • France (By Autonomy)

       

        • Russia (By Autonomy)

       

        • Rest of Europe (By Autonomy)

       

    • Asia Pacific (By Autonomy, Solution, Ship Type, End-User, and Country)
        • Japan (By Autonomy)

       

        • China (By Autonomy)

       

        • India (By Autonomy)

       

        • South Korea (By Autonomy)

       

        • Rest of Asia Pacific (By Autonomy)

       

    • Rest of the World (By Autonomy, Solution, Ship Type, End-User, and Sub-Region)
        • Latin America (By Autonomy)

       

        • The Middle East & Africa (By Autonomy)

       

 

By Autonomy

    • Partial Automation
    • Remotely Operated
    • Fully Autonomous
 

By Solution

    • Hardware
    • Software
 

By Ship Type

    • Commercial
        • Bulk Carriers

       

        • Tankers

       

        • Dry Cargo

       

        • Containers

       

        • Others

       

    • Defense
 

By End-User

    • Line Fit
    • Retrofit
    • ABB (Switzerland)
    • ASELSAN A.?. (Turkey)
    • BAE Systems (U.K.)
    • Fugro (Netherlands)
    • GE (U.S.)
    • Honeywell International Inc. (U.S.)
    • Kongsberg Maritime (Norway)
    • L3Harris Technologies, Inc. (U.S.)
    • Northrop Grumman (U.S.)
    • Rolls-Royce plc (U.K.)
    • Siemens Energy (Germany)
    • Wärtsilä (Finland)

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