The global demand for Autonomous Ships Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
The autonomous ship is a watercraft piloted by AI (Artificial Intelligence) technology. Autonomous ships consist of radar, LIDAR, high definition cameras, thermal imaging, and sonar. They have different levels of autonomous operations including fully manned ships to partially operated, remotely operated, partially autonomous and fully autonomous unmanned ships.
The increasing use of automation to reduce human errors and risks is primarily driving the market growth. Increasing budgets of shipping companies for the incorporation of ICT (information and communication technology) in vessels is again accelerating the market growth. In addition to this, increasing demand for situational awareness in vessels is further fuelling market growth. On the other hand, the vulnerability of ships to cyber threats due to automation is expected to hamper the market growth. Whereas, various initiatives for the development of autonomous ships are expected to create demand over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of autonomous ships.
The entire autonomous ships market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Partially Autonomous
- Fully Autonomous
- Military And Security
This section covers regional segmentation which accentuates on current and future demand for autonomous ships market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Autonomous Ships Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the autonomous ships market include ASV Global, Automated Ships Ltd., Kongsberg Gruppen ASA, Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co., Rolls-Royce Holdings Plc and Vigor Industrial. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.