
Autonomous Ships Market Forecasts to 2030 – Global Analysis By Ship Type (Commercial Ships, Warships, Offshore Support Ships, Yachts & Leisure Boats and Other Ship Types), Propulsion, Solution, Application, End User and By Geography
Description
Autonomous Ships Market Forecasts to 2030 – Global Analysis By Ship Type (Commercial Ships, Warships, Offshore Support Ships, Yachts & Leisure Boats and Other Ship Types), Propulsion, Solution, Application, End User and By Geography
According to Stratistics MRC, the Global Autonomous Ships Market is accounted for $4.26 billion in 2023 and is expected to reach $9.31 billion by 2030 growing at a CAGR of 11.5% during the forecast period. Autonomous ships, also known as unmanned or self-navigating vessels, leverage advanced technologies like artificial intelligence, sensors, and satellite navigation to operate without human intervention. These vessels promise increased efficiency, cost savings, and reduced risks in maritime transport. Autonomous ships can navigate, avoid obstacles, and make decisions independently, transforming the shipping industry.
According to UNCTAD's Maritime Transport Review 2022, the Asia-Pacific region remained the world's crucial maritime cargo handling center in 2021, accounting for 42% of exports and 64% of imports.
Market Dynamics:
Driver:
Increasing demand for cargo transportation
As global trade surges, the need for efficient and cost-effective shipping solutions intensifies. Autonomous ships, with their potential to enhance operational efficiency, reduce costs, and optimize routes, emerge as a compelling solution. They address the pressing demand for streamlined and sustainable cargo logistics. This surge in demand positions autonomous ships as a transformative force in the maritime industry, offering a technologically advanced and efficient alternative to traditional manned vessels in meeting the evolving challenges of increased cargo transportation needs.
Restraint:
Unpredictable maritime conditions
Unpredictable maritime conditions present a formidable challenge for the autonomous ships, as the complex and dynamic nature of the sea poses difficulties for reliable autonomous navigation. Factors such as adverse weather, congested waterways, and potential emergencies demand sophisticated real-time decision-making capabilities. Ensuring the safety and efficiency of autonomous vessels in such unpredictable environments requires advanced sensor technologies and robust control systems, increasing development costs and hindering widespread adoption of autonomous ships.
Opportunity:
Rising investments in advanced ship technology
Increased funding facilitates the development and implementation of cutting-edge autonomous systems, propulsion technologies, and sensor arrays. This financial support accelerates research and development efforts, fostering innovation in navigation, communication, and control systems. Companies can capitalize on these investments to enhance the capabilities of autonomous ships, making them safer, more efficient, and better aligned with emerging industry standards, thereby driving the market's growth and establishing a competitive edge in the evolving maritime landscape.
Threat:
High upfront costs
Autonomous ships incur high upfront costs due to the sophisticated technology required, including advanced sensors, communication systems, and artificial intelligence. These investments pose a barrier to entry for many potential adopters, limiting market expansion. The initial financial burden deters shipping companies from embracing autonomous vessels, impeding widespread adoption. As a result, the maritime industry faces slow progress in transitioning to autonomous ships, hindering the market's growth.
Covid-19 Impact
The covid-19 pandemic has accelerated the adoption of autonomous ships as the maritime industry seeks to minimize human interaction and ensure operational continuity. The demand for unmanned vessels has increased due to their potential to enhance efficiency, reduce costs, and address workforce challenges posed by the pandemic. Despite initial disruptions in supply chains and project timelines, the autonomous ships market is expected to witness sustained growth as the industry prioritizes digitalization and automation to navigate the challenges brought about by the global health crisis.
The search & rescue operations segment is expected to be the largest during the forecast period
The search & rescue operations segment is estimated to have a lucrative growth, due to its enhanced efficiency and safety. These vessels, equipped with advanced sensors and artificial intelligence, can swiftly navigate challenging maritime environments, reducing response times during emergencies. Autonomous technology enables real-time data collection, analysis, and communication, aiding in rapid decision-making. Their autonomy minimizes human risk and ensures continuous operation, making them invaluable assets in safeguarding lives and responding effectively to maritime emergencies.
The offshore oil & gas segment is expected to have the highest CAGR during the forecast period
The offshore oil & gas segment is anticipated to witness the highest CAGR growth during the forecast period. These vessels, equipped with advanced navigation and communication systems, autonomously transport personnel, equipment, and supplies to offshore platforms. With reduced human intervention, they minimize operational risks and lower costs. They also offer continuous monitoring capabilities, enabling real-time data collection for improved decision-making. Their integration in the offshore oil & gas sector signifies a transformative shift towards increased productivity and safety in challenging maritime environments.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the due to the growing popularity of autonomous driving and ship ownership. The region's thriving maritime sector, together with an emphasis on cutting expenses and improving security, has fuelled the uptake of autonomous ship technology. Several major companies in the region, including Wartsila Corporation, Kongsberg, and Rolls-Royce, are making research and development investments to enhance autonomous navigation systems, establishing the Asia Pacific region as a major focus for the creation and use of autonomous ships.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the growing investments and initiatives by European governments and corporations interested in autonomous ships. The world's largest concentration of ship owners is found in Europe. The expansion of the region is facilitated by the ship owners' increasing use of autonomous systems and components to be retrofitted in their current vessels. Furthermore, throughout the forecast period, the quick improvement of technology combined with the growing trend of automated system adoption is anticipated to propel the expansion of the regional market.
Key players in the market
Some of the key players profiled in the Autonomous Ships Market include ABB Limited, General Electric, L3Harris Technologies, Honeywell International Inc, BAE Systems, Kongsberg Gruppen Maritime, Siemens Energy, Northrop Grumman, Ulstein Group ASA, Neptec Technologies Corporation, Rolls Royce PLC, Mitsui, Marine Technologies LLC, Sea Machines Robotics Inc, Samsung Heavy Industries, Wartsila, Shone Automation Inc, Alphabet Inc, Austal Limited and HD Hyundai Heavy Industries Limited.
Key Developments:
In May 2023, L3Harris Technologies has partnered with BigBear.ai to provide advanced autonomous surface vessels (ASVs) and artificial intelligence (AI) to current and future maritime defense programs. Under the agreement, L3Harris' ASView system will be integrated with BigBear.ai's predictive computer vision technology to identify better and classify vessels, improve situational awareness, and support manned and unmanned group missions.
In March 2023, Samsung Heavy Industries Co. (SHI) and Kongsberg Maritime (KM) have signed a joint development project agreement (JDA) to design a next-generation autonomous 174K LNG carrier that uses autonomous remote control and low-emission technology.
In February 2023, Austal USA delivered the US Navy its autonomous capable EPF 13 ship. Austal integrated an automated maintenance, health monitoring, and mission readiness capability into EPF 13. It will enable the vessel to operate for up to 30 days without human intervention in combination with existing highly automated hull, mechanical & electrical systems installed on EPF class vessels.
Ship Types Covered:
• Commercial Ships
• Warships
• Offshore Support Ships
• Yachts & Leisure Boats
• Other Ship Types
Propulsions Covered:
• Hybrid
• Conventional
Solutions Covered:
• Hardware
• Software
• Services
• Other Solutions
Applications Covered:
• Search & Rescue Operations
• Environmental Monitoring
• Aquaculture Support
• Icebreakers & Polar Exploration
• Humanitarian Aid & Disaster Response
• Anti-Submarine Warfare (ASW) Applications
• Mine Countermeasures
• Other Applications
End Users Covered:
• Shipping Industries
• Defense & Security
• Scientific Research
• Offshore Oil & Gas
• Leisure & Tourism
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
JapanChinaIndiaAustralia
New Zealand
South Korea
Rest of Asia Pacific• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of Contents
200 Pages
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Autonomous Ships Market, By Ship Type
- 5.1 Introduction
- 5.2 Commercial Ships
- 5.2.1 Container Ships
- 5.2.2 Bulk Carriers
- 5.2.3 Tankers
- 5.2.4 Ro-Ro (Roll-on/Roll-off) Ships
- 5.2.5 Ferries
- 5.2.6 Cruise Ships
- 5.3 Warships
- 5.4 Offshore Support Ships
- 5.5 Yachts & Leisure Boats
- 5.6 Other Ship Types
- 6 Global Autonomous Ships Market, By Propulsion
- 6.1 Introduction
- 6.2 Hybrid
- 6.3 Conventional
- 7 Global Autonomous Ships Market, By Solution
- 7.1 Introduction
- 7.2 Hardware
- 7.2.1 Sensors
- 7.2.2 Actuation Systems
- 7.2.3 Communication Systems
- 7.3 Software
- 7.3.1 Artificial Intelligence (AI) Algorithms
- 7.3.2 Machine Learning (ML) Algorithms
- 7.3.3 Control Systems
- 7.3.4 Collision Avoidance Systems
- 7.3.5 Navigation Systems
- 7.3.6 Dynamic Positioning Systems
- 7.4 Services
- 7.4.1 Consulting & Design Services
- 7.4.2 Installation & Integration Services
- 7.4.3 Maintenance & Support Services
- 7.4.4 Training & Education Services
- 7.5 Other Solutions
- 8 Global Autonomous Ships Market, By Application
- 8.1 Introduction
- 8.2 Search & Rescue Operations
- 8.3 Environmental Monitoring
- 8.4 Aquaculture Routine Tasks
- 8.5 Icebreakers & Polar Exploration
- 8.6 Humanitarian Aid & Disaster Response
- 8.7 Anti-Submarine Warfare (ASW)
- 8.8 Mine Countermeasures
- 8.9 Other Applications
- 9 Global Autonomous Ships Market, By End User
- 9.1 Introduction
- 9.2 Shipping Industries
- 9.3 Defense & Security
- 9.4 Scientific Research
- 9.5 Offshore Oil & Gas
- 9.6 Leisure & Tourism
- 9.7 Other End Users
- 10 Global Autonomous Ships Market, By Geography
- 10.1 Introduction
- 10.2 North America
- 10.2.1 US
- 10.2.2 Canada
- 10.2.3 Mexico
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 Italy
- 10.3.4 France
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 China
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 New Zealand
- 10.4.6 South Korea
- 10.4.7 Rest of Asia Pacific
- 10.5 South America
- 10.5.1 Argentina
- 10.5.2 Brazil
- 10.5.3 Chile
- 10.5.4 Rest of South America
- 10.6 Middle East & Africa
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 Qatar
- 10.6.4 South Africa
- 10.6.5 Rest of Middle East & Africa
- 11 Key Developments
- 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 11.2 Acquisitions & Mergers
- 11.3 New Product Launch
- 11.4 Expansions
- 11.5 Other Key Strategies
- 12 Company Profiling
- 12.1 ABB Limited
- 12.2 General Electric
- 12.3 L3Harris Technologies
- 12.4 Honeywell International Inc
- 12.5 BAE Systems
- 12.6 Kongsberg Gruppen Maritime
- 12.7 Siemens Energy
- 12.8 Northrop Grumman
- 12.9 Ulstein Group ASA
- 12.10 Neptec Technologies Corporation
- 12.11 Rolls Royce PLC
- 12.12 Mitsui
- 12.13 Marine Technologies LLC
- 12.14 Sea Machines Robotics Inc
- 12.15 Samsung Heavy Industries
- 12.16 Wartsila
- 12.17 Shone Automation Inc
- 12.18 Alphabet Inc
- 12.19 Austal Limited
- 12.20 HD Hyundai Heavy Industries Limited
- List of Tables
- Table 1 Global Autonomous Ships Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Autonomous Ships Market Outlook, By Ship Type (2021-2030) ($MN)
- Table 3 Global Autonomous Ships Market Outlook, By Commercial Ships (2021-2030) ($MN)
- Table 4 Global Autonomous Ships Market Outlook, By Container Ships (2021-2030) ($MN)
- Table 5 Global Autonomous Ships Market Outlook, By Bulk Carriers (2021-2030) ($MN)
- Table 6 Global Autonomous Ships Market Outlook, By Tankers (2021-2030) ($MN)
- Table 7 Global Autonomous Ships Market Outlook, By Ro-Ro (Roll-on/Roll-off) Ships (2021-2030) ($MN)
- Table 8 Global Autonomous Ships Market Outlook, By Ferries (2021-2030) ($MN)
- Table 9 Global Autonomous Ships Market Outlook, By Cruise Ships (2021-2030) ($MN)
- Table 10 Global Autonomous Ships Market Outlook, By Warships (2021-2030) ($MN)
- Table 11 Global Autonomous Ships Market Outlook, By Offshore Support Ships (2021-2030) ($MN)
- Table 12 Global Autonomous Ships Market Outlook, By Yachts & Leisure Boats (2021-2030) ($MN)
- Table 13 Global Autonomous Ships Market Outlook, By Other Ship Types (2021-2030) ($MN)
- Table 20 Global Autonomous Ships Market Outlook, By Propulsion (2021-2030) ($MN)
- Table 22 Global Autonomous Ships Market Outlook, By Hybrid (2021-2030) ($MN)
- Table 23 Global Autonomous Ships Market Outlook, By Conventional (2021-2030) ($MN)
- Table 24 Global Autonomous Ships Market Outlook, By Solution (2021-2030) ($MN)
- Table 25 Global Autonomous Ships Market Outlook, By Hardware (2021-2030) ($MN)
- Table 26 Global Autonomous Ships Market Outlook, By Sensors (2021-2030) ($MN)
- Table 27 Global Autonomous Ships Market Outlook, By Actuation Systems (2021-2030) ($MN)
- Table 28 Global Autonomous Ships Market Outlook, By Communication Systems (2021-2030) ($MN)
- Table 29 Global Autonomous Ships Market Outlook, By Software (2021-2030) ($MN)
- Table 30 Global Autonomous Ships Market Outlook, By Artificial Intelligence (AI) Algorithms (2021-2030) ($MN)
- Table 31 Global Autonomous Ships Market Outlook, By Machine Learning (ML) Algorithms (2021-2030) ($MN)
- Table 32 Global Autonomous Ships Market Outlook, By Control Systems (2021-2030) ($MN)
- Table 33 Global Autonomous Ships Market Outlook, By Collision Avoidance Systems (2021-2030) ($MN)
- Table 34 Global Autonomous Ships Market Outlook, By Navigation Systems (2021-2030) ($MN)
- Table 35 Global Autonomous Ships Market Outlook, By Dynamic Positioning Systems (2021-2030) ($MN)
- Table 36 Global Autonomous Ships Market Outlook, By Services (2021-2030) ($MN)
- Table 37 Global Autonomous Ships Market Outlook, By Consulting & Design Services (2021-2030) ($MN)
- Table 38 Global Autonomous Ships Market Outlook, By Installation & Integration Services (2021-2030) ($MN)
- Table 39 Global Autonomous Ships Market Outlook, By Maintenance & Support Services (2021-2030) ($MN)
- Table 40 Global Autonomous Ships Market Outlook, By Training & Education Services (2021-2030) ($MN)
- Table 41 Global Autonomous Ships Market Outlook, By Other Solutions (2021-2030) ($MN)
- Table 42 Global Autonomous Ships Market Outlook, By Application (2021-2030) ($MN)
- Table 43 Global Autonomous Ships Market Outlook, By Search & Rescue Operations (2021-2030) ($MN)
- Table 44 Global Autonomous Ships Market Outlook, By Environmental Monitoring (2021-2030) ($MN)
- Table 45 Global Autonomous Ships Market Outlook, By Aquaculture Routine Tasks (2021-2030) ($MN)
- Table 46 Global Autonomous Ships Market Outlook, By Icebreakers & Polar Exploration (2021-2030) ($MN)
- Table 47 Global Autonomous Ships Market Outlook, By Humanitarian Aid & Disaster Response (2021-2030) ($MN)
- Table 49 Global Autonomous Ships Market Outlook, By Anti-Submarine Warfare (ASW) (2021-2030) ($MN)
- Table 50 Global Autonomous Ships Market Outlook, By Mine Countermeasures (2021-2030) ($MN)
- Table 51 Global Autonomous Ships Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 52 Global Autonomous Ships Market Outlook, By End User (2021-2030) ($MN)
- Table 53 Global Autonomous Ships Market Outlook, By Shipping Industries (2021-2030) ($MN)
- Table 54 Global Autonomous Ships Market Outlook, By Defense & Security (2021-2030) ($MN)
- Table 55 Global Autonomous Ships Market Outlook, By Scientific Research (2021-2030) ($MN)
- Table 56 Global Autonomous Ships Market Outlook, By Offshore Oil & Gas (2021-2030) ($MN)
- Table 57 Global Autonomous Ships Market Outlook, By Leisure & Tourism (2021-2030) ($MN)
- Table 58 Global Autonomous Ships Market Outlook, By Other End Users (2021-2030) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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