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Global Autonomous Ships Market to Grow at a CAGR of 7.2% During 2021-2026, Driven by Technological Advancements in the Industry

Autonomous Ships Market

Global Autonomous Ships Market: By Level of Autonomy: Semi-Autonomous, Fully Autonomous; By Component: Hardware, Software; By Ship Type: Commercial Ships, Others; By Fuel Type; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Autonomous Ships Market Outlook

The global autonomous ships market attained a value of nearly USD 97.22 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 7.2% to reach about USD 147.56 billion by 2028.  

 

Global Autonomous Ships Market

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Increase in the Demand for Freight Transportation through Marine to Propel Demand in the Industry

There is an increase in demand for cargo transportation via waterways. Because of the safe and secure nature of sea transportation, a large number of cargos are effectively moved to other ports. Additionally, compared to road and air transits, cargo ships are less expensive for delivering products since ships can transport more cargo in a shorter amount of time. This is aiding the market growth of autonomous ships. The autonomous ships industry is expected to grow due to recent advances in commercial boats and big companies' invention of cargo ships. Furthermore, the deployment of autonomous marines, particularly in cargo ships, is projected to increase demand for freight transportation via maritime routes. As a result, all of these factors are expected to contribute to an increase in demand for cargo transportation by sea in the forecast period, thereby aiding the autonomous ships industry.

 

Autonomous Ships: Market Segmentation

Autonomous ships are watercrafts that are controlled by artificial intelligence (AI). These vehicles might be unmanned and operate automatically, similar to a seagoing drone. Autonomous ships employ a network of sensors paired with sensor fusion to provide an accurate composite view of the environment to the ship's AI.

 

Global Autonomous Ships Market by Segment

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The major levels of autonomy in autonomous ships are:

  • Semi-Autonomous
  • Fully Autonomous

The market can be broadly categorised on the basis of its components into:

  • Hardware
  • Software

The market can be divided based on ship type into:

  • Commercial Ships
  • Defence Ships
  • Passenger Ships

The industry is fragmented by fuel type into:

  • Carbon Neutral Fuels
  • Liquefied Natural Gas
  • Electric Batteries
  • Heavy Fuel Oils (HFO)

The EMR report looks into the regional markets of autonomous ships like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Autonomous Ships Market by Region

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Increase in Operational Safety of Ships to Boost the Autonomous Ships Industry

New defence and commercial vessels are outfitted with cutting-edge technologies to increase safety and efficiency. The deployment of sophisticated technologies is a key driver in the market for autonomous ships. As there will be no personnel on board to control the operations of the autonomous ships that are in the market, they will either be outfitted with artificial intelligence, Internet of Things (IoT), cloud computing, and other new technologies, or their activities will be remotely managed from a land-based control centre. This helps to minimise the frequency of accidents caused by human mistake since these autonomous ships are outfitted with modern sensors, infrared cameras, developed radar and LIDAR modules, automated identification systems, and other features that make ship operation safer and is expected to propel the demand for autonomous ships in future.

 

Key Industry Players in the Global Autonomous Ships Market

The report presents a detailed analysis of the following key players in the global autonomous ships market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ABB Ltd.
  • L3Harris Technologies, Inc.
  • Rolls-Royce PLC
  • Wärtsilä
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Level of Autonomy, Component, Ship Type, Fuel Type, Region
Breakup by Level of Autonomy Semi-Autonomous, Fully Autonomous
Breakup by Component Hardware, Software
Breakup by Ship Type Commercial Ships, Defence Ships, Passenger Ships
Breakup by Fuel Type Carbon Neutral Fuels, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oils (HFO)
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd., L3Harris Technologies, Inc., Rolls-Royce PLC, Wärtsilä, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Autonomous Ships Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Autonomous Ships Historical Market (2018-2022) 
    8.3    Global Autonomous Ships Market Forecast (2023-2028)
    8.4    Global Autonomous Ships Market by Level of Autonomy
        8.4.1    Semi-Autonomous
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Fully Autonomous
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Autonomous Ships Market by Component
        8.5.1    Hardware
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Software
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Autonomous Ships Market by Ship Type
        8.6.1    Commercial Ships
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Defence Ships
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Passenger Ships
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
    8.7    Global Autonomous Ships Market by Fuel Type
        8.7.1    Carbon Neutral Fuels
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Liquefied Natural Gas
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Electric Batteries
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Heavy Fuel Oils (HFO)
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
    8.8    Global Autonomous Ships Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028) 
9    North America Autonomous Ships Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Autonomous Ships Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Autonomous Ships Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Autonomous Ships Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Autonomous Ships Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    ABB Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    L3Harris Technologies, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     Rolls-Royce PLC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Wärtsilä
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market
 

List of Key Figures and Tables

1.    Global Autonomous Ships Market: Key Industry Highlights, 2018 and 2028
2.    Global Autonomous Ships Historical Market: Breakup by Level of Autonomy (USD Million), 2018-2022
3.    Global Autonomous Ships Market Forecast: Breakup by Level of Autonomy (USD Million), 2023-2028
4.    Global Autonomous Ships Historical Market: Breakup by Component (USD Million), 2018-2022
5.    Global Autonomous Ships Market Forecast: Breakup by Component (USD Million), 2023-2028
6.    Global Autonomous Ships Historical Market: Breakup by Ship Type (USD Million), 2018-2022
7.    Global Autonomous Ships Market Forecast: Breakup by Ship Type (USD Million), 2023-2028
8.    Global Autonomous Ships Historical Market: Breakup by Fuel Type (USD Million), 2018-2022
9.    Global Autonomous Ships Market Forecast: Breakup by Fuel Type (USD Million), 2023-2028
10.    Global Autonomous Ships Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Autonomous Ships Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Autonomous Ships Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Autonomous Ships Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Autonomous Ships Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Autonomous Ships Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Autonomous Ships Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Autonomous Ships Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Autonomous Ships Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Autonomous Ships Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Autonomous Ships Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Autonomous Ships Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Autonomous Ships Market Structure

Key Questions Answered in the Report

What was the global autonomous ships market size in 2022?

In 2022, the market attained a value of nearly USD 97.22 billion.

What is the growth rate of the global autonomous ships market?

The market is projected to grow at a CAGR of 7.2% between 2023 and 2028.

What is the forecast outlook of the global autonomous ships market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 147.56 billion by 2028.  

What are the major market drivers?

The major factors driving the market forward include the increasing shift towards transporting cargo via waterways, installation of modern sensors and infrared cameras, and recent advances in commercial boats and big companies' invention of cargo ships.

What are the key trends of the market?

Growing advances in new defence and commercial vessels, developments in radar and LIDAR modules, usage automated identification systems, and the increased penetration of IoT and cloud computing are the key trends of the market.

What are the major regional markets of the global autonomous ships market, according to the EMR report?

The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

What are the leading levels of autonomy in the market?

The leading levels of autonomy in autonomous ships are semi-autonomous and fully autonomous.
 

What are the significant components in the market?

The significant components include hardware and software.

What are the major ship types in the market?

The major ship types include commercial ships, defence ships, and passenger ships.

What are the different fuel types in the market?

The different fuel types include carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils (HFO).

Who are the key market players, according to the report?

The key players in the global autonomous ships market are ABB Ltd., L3Harris Technologies, Inc., Rolls-Royce PLC, and Wärtsilä, among others.

Analyst Review

The global autonomous ships market attained a value of USD 97.22 billion in 2022, driven by the increasing shift towards transporting cargo via waterways. Aided by the growing advances in new defence and commercial vessels and increased penetration of IoT and cloud computing, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.2%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global autonomous ships industry can be segmented into commercial ships, defence ships, and passenger ships. Based on the level of autonomy the categories are semi-autonomous and fully autonomous. By breakup of components the market can be divided into hardware and software. By fuel type, carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils (HFO) are the major segments. The major regional markets for autonomous ships are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include ABB Ltd., L3Harris Technologies, Inc., Rolls-Royce PLC, and Wärtsilä, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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