Autonomous Ships Market 2019: Worldwide Industry Size, Share, Trends, Upcoming Innovations, Industry Growth, SWOT Analysis by Forecast to 2023
The growth of the global Autonomous Ships Market can be attributed to the increasing adoption of connected smart ships as they offer numerous benefits such as vessel traffic management data and fleet health monitoring data.
Pune, India – September 9, 2019 /MarketersMedia/ —
The global autonomous ships market could register a CAGR of close to 7% during the forecast period (2019-2030), suggests Market Research Future (MRFR).
Global Autonomous Ships Market Research Report: Information by Autonomy (Partial Automation, Remote Operations and Full Automation, Ship Type (Commercial and Defense), Solution (Systems, Software and Structures), Fit (Line Fit and Retrofit) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2030
Prominent Vendors:
The prominent vendors in the worldwide autonomous ships market include Praxis Automation Technology BV (Netherlands), ABB (Switzerland), Siemens AG (Germany), Hyundai Heavy Industries Co., Ltd (South Korea), Kongsberg Group (Norway), Ulstein Group ASA (Norway), Marlink (France), Rolls-Royce (UK), RH Marine (Netherlands), Valmet (Finland), General Electric (US), Honeywell International, Inc. (US), Wärtsilä (Finland), Marine Technologies, LLC (Norway), and others.
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Market Boosters and Key Barriers:
The United States (U.S.) Coast Guard reveals that roughly 96% of all marine casualties take place owing to human errors. This grave matter has given rise to demand for autonomous ships. Autonomous ships are futuristic maritime transport that strive to meet with the safety, competitiveness as well as sustainability issues associated with marine transportation. These types of ships are used for dealing with all the challenges related to marine transportation including casualty losses, human errors, criminal activities and adverse weather conditions.
Autonomous ships provide a host of benefits, which include improved fuel efficiency, reduction in transportation time and efficient use of space in ship design. Autonomous ships are predicted to transport the marine transportation sector by offering the capability to enhance the optimization of operations as well as processes along with effective resource management.
Surging adoption of information and communication technology within the marine sector combined with the rising seaborne trade all over the world stimulates market growth. The market also gets a boost from the soaring use of automation to bring down human errors. The increasing need among by fleet operators for situational awareness as well as the booming maritime tourism industry are also expected to add to the market strength in the ensuing years.
Market Segmentation:
The worldwide autonomous ships market can be considered for ship type, autonomy, fit, and solution.
Depending on the ship type, the autonomous ships market can be split into commercial and defense. The commercial segment is presumed to acquire a larger portion during the review period, while registering a higher CAGR in that period. Mounting developments in the field of autonomous commercial shipping helps establish the segment’s position in the market. To illustrate, in 2018, ABB had successfully finished the entire trial of the remotely operated ferry called Suomenlinna II, located close to Finland’s Helsinki harbor.
Autonomy-wise, the autonomous ships market includes remote operations, full automation and partial automation. The partial automation segment was reigning over the market in 2018. On the other hand, the full automation segment is poised to achieve the highest growth rate during the given timeframe. Surging development of fully autonomous ships is believed to be the chief factor benefitting the segment. Citing a reference, in 2018, FinFerries along with Rolls-Royce had exhibited a fully autonomous ferry and all its features, in Turku, Finland.
In terms of the fit, the autonomous ships market can be broken down to line fit and retrofit. The line fit segment has landed the top spot and is reckoned to demonstrate a higher CAGR during the review period. Increasing modernization of naval fleets in countries like India, China, and South Korea to accelerate their naval power as well as surging deliveries of new ships has resulted in the segmental dominance.
With respect to solution, the autonomous ships market caters to software, systems, and solutions. In 2018, MRFR had perceived the systems to be the leading segment in the market, which is expected to growth at the highest rate during the review period. The soaring need for situational alertness in vessels is believed to have a lucrative effect on the automated systems segment, as these systems boast of features like LiDAR, HD cameras and GPS. These features aid in providing the precise location information to the operators.
Regional Aspect:
The autonomous ships market is spread across the primary regions of North America, Asia Pacific, Europe, along with the rest of the world (RoW).
Asia Pacific was the biggest market for autonomous ships in 2018. Surging investments for testing of fully autonomous ships for commercial applications has been one of the prime factors driving market growth in the region. Also, rising adoption of autonomous ships in the defense and military sector coupled with advancements in cloud-based technology has done wonders for the regional market in recent years.
The Europe market for autonomous ships is presumed to acquire the highest CAGR during the review period. The market has managed to achieve the formidable position owing to the massive investments made by renowned vendors in the development of fully autonomous ships.
North America is touted to hold immense potential to expand during the forecast period, with solid backup from countries like the United States (U.S.) and Canada. These highly-developed countries are making massive efforts predominantly in this field on account of accelerated interests in independent boats for military and business applications.
Table Of Contents:
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Autonomous Ships Market, By Ship Type
1.1.2. Global Autonomous Ships Market, By Autonomy
1.1.3. Global Autonomous Ships Market, By Fit
1.1.4. Global Autonomous Ships Market, By Solution
1.1.5. Global Autonomous Ships Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis. . .
Continued
List Of Tables:
Table 1 Global Autonomous Ships Market, By Region, 2019–2030
Table 2 North America: Autonomous Ships Market, By Country, 2019–2030
Table 3 Europe: Autonomous Ships Market, By Country, 2019–2030
Table 4 Asia-Pacific: Autonomous Ships Market, By Country, 2019–2030
Table 5 Rest Of The World: Autonomous Ships Market, By Country, 2019–2030
Table 6 Global Autonomous Ships Market Size, By Region, 2019–2030
Table 7 North America: Autonomous Ships Market Size, By Country, 2019–2030
Table 8 Europe: Autonomous Ships Market Size, By Country, 2019–2030
Table 9 Asia-Pacific: Autonomous Ships Market Size, By Country, 2019–2030
Table 10 Rest Of The World: Autonomous Ships Market Size, By Country, 2019–2030. . .
Continued
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