Autonomous Ships Market

Autonomous Ships Market by Autonomy Levels (Fully Autonomous and Semi-autonomous), Solutions (Structure and Systems & Software), End-users (Commercial [Bulk Carrier & Container Ships, Passenger Cruise, Tankers, and Others] and Defense [Submarines, Aircraft Carriers, Destroyers, and Frigates]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4103
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 215
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The global autonomous ships market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing seaborne trade, growing maritime tourism, and high spending on marine-based defense by several government across the globe.

Autonomous Ships Market Key Takeaways

Autonomous ships, also called as remote-controlled ships, are maritime surface ships used to transport a large set of containers or bulk cargo to ensure safe delivery. Such sailing boats are operated without the need for manual operation or interference of human, which completely minimize the human errors. Establishment of various remote-control station/center for the effective operations of sea travel presents another key aspect for the rapid expansion of the automated ships. In many cases, a large volume of cargo had been sunk into the deep sea due to negligence of human operators and safe operation of cargo transport has been widely envisaged over the recent years. Until 2019, several autonomous cargo ship were put on trial and several projects were unveiled. Among the projects, the MV Yara Birkeland started operating in 2020 and became the first operated ship in November 2021. As per the International Maritime Organization (IMO), about 53 organizations had started operating trails for more than 1,000 maritime autonomous surface ships (MASS) by 2021. A report published by IMO, the operation of autonomous ships can save nearly 75% of the global maritime accidents, caused by human negligence. However, it is highly estimated among experts that such autonomous or semi-autonomous ship could operate for limited destination such as from one specific port to another having a short distance and duration. 

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing incidence of marine accidents caused by human errors that lead to severe financial losses for the traders is a key factor driving the market.
  • Rising development of unmanned ships to ensure healthy marine environment and rapid expansion of marine trade are pushing market growth.
  • Growing shortage of the labor in ship operation and high pressure on the marine transport service providers to ensure safety of laborers present another key aspect of market expansion.
  • Possibility of technical issues and high investment requirement for establishment of effective technical and navigational operations are major hurdles that can hamper the market.
  • Increasing development of autonomous technology and R&D projects for effective operations of unmanned ships are likely to create several growth opportunities of the market.

Scope of the Report

The report on the global autonomous ships market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Autonomous Ships Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Autonomy Levels (Fully Autonomous and Semi-autonomous), Solutions (Structure and Systems & Software), and End-users (Commercial [Bulk Carrier & Container Ships, Passenger Cruise, Tankers, and Others] and Defense [Submarines, Aircraft Carriers, Destroyers, and Frigates])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Rolls-Royce; ABB; Kongsberg Gruppen; Rh Marine; L3 ASV; Wartsila; and Siemens

Market Segment Insights

Semi-autonomous segment is expected to grow at a rapid pace

On the basis of autonomy levels, the global autonomous ships market is bifurcated into fully autonomous and semi-autonomous. The semi-autonomous segment is expected to grow at a rapid pace during the forecast period owing to wide adoption of the system as it offers various sensors and other pre-installed components to ensure a safer navigation system of the ship. However, the fully autonomous segment is anticipated to hold a key share of the market in the coming years as it can automatically redirect its course of shipping to a safer route. Under the system, fully autonomous vessels require no crew or adopt its best course by slowing down speed, which has resulted to save energy.

Systems & software segment to account for a large market share

Based on solutions, the market is bifurcated into structure and systems & software. The systems & software segment is expected to account for a large market share during the forecast period due to owing to the growing needs for advanced software systems for effective implementation of automated systems in vessels. The effective functioning of freestanding navigation system, dynamic positioning system, collision avoidance system, situational awareness system, and route planning are required of robust sensors, backed by effective software systems.

Autonomous Ships Market By Solutions

Commercial segment is projected to expand at a considerable CAGR

On the basis of end-users, the market is bifurcated into commercial and defense. The commercial segment is further divided into bulk carrier & container ships, passenger cruise, tankers, and others; while the defense segment is sub-segmented into submarines, aircraft carriers, destroyers, and frigates. The commercial segment is projected to expand at a considerable CAGR during the forecast period owing to growing frequencies of commercial cargo shipments in the sea route. On the other hand, the defense segment is anticipated to account for a major market share during the forecast period due to wide spending from governments toward the establishment of strong marine defense mechanisms.

North America is anticipated to constitute a key market share

In terms of regions, the global autonomous ships market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to wide network of sea transport and massive R&D projects for effective unmanned ships in the region. However, the market of Europe is anticipated to expand at a rapid pace during the forecast period owing to several geographical advantages for the region as it has already established a strong route system for sea trade.

Segments

The global autonomous ships market has been segmented on the basis of

Autonomy Levels
  • Fully Autonomous
  • Semi-autonomous
Solutions
  • Structure
  • Systems & Software
End-users
  • Commercial
    • Bulk Carrier & Container Ships
    • Passenger Cruise
    • Tankers
    • Others
  • Defense
    • Submarines
    • Aircraft Carriers
    • Destroyers
    • Frigates
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Competitive Landscape

Key players competing in the global autonomous ships market are Rolls-Royce, ABB, Kongsberg Gruppen, Rh Marine, L3 ASV, Wartsila, and Siemens. In December 2017, Mitsui O.S.K. Lines and Rolls-Royce agreed to enter into a deal for a joint research on an advisory-type Intelligent Awareness System. The system would easily detect interference near vessels with provide immediate operational support and advanced sensors information to the on-board personnel.

Autonomous Ships Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Autonomous Ships Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Autonomous Ships Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Autonomous Ships Market - Supply Chain
  4.5. Global Autonomous Ships Market Forecast
     4.5.1. Autonomous Ships Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Autonomous Ships Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Autonomous Ships Market Absolute $ Opportunity
5. Global Autonomous Ships Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Autonomous Ships Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Autonomous Ships Demand Share Forecast, 2019-2026
6. North America Autonomous Ships Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Autonomous Ships Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Autonomous Ships Demand Share Forecast, 2019-2026
7. Latin America Autonomous Ships Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Autonomous Ships Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Autonomous Ships Demand Share Forecast, 2019-2026
8. Europe Autonomous Ships Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Autonomous Ships Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Autonomous Ships Demand Share Forecast, 2019-2026
9. Asia Pacific Autonomous Ships Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Autonomous Ships Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Autonomous Ships Demand Share Forecast, 2019-2026
10. Middle East & Africa Autonomous Ships Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Autonomous Ships Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Autonomous Ships Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Autonomous Ships Market: Market Share Analysis
  11.2. Autonomous Ships Distributors and Customers
  11.3. Autonomous Ships Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Rolls-Royce ABB Kongsberg Gruppen Rh Marine L3 ASV Wartsila
The global autonomous ships market has been segmented on the basis of

Autonomy Levels
  • Fully Autonomous
  • Semi-autonomous
Solutions
  • Structure
  • Systems & Software
End-users
  • Commercial
    • Bulk Carrier & Container Ships
    • Passenger Cruise
    • Tankers
    • Others
  • Defense
    • Submarines
    • Aircraft Carriers
    • Destroyers
    • Frigates
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Key players competing in the global autonomous ships market are Rolls-Royce, ABB, Kongsberg Gruppen, Rh Marine, L3 ASV, Wartsila, and Siemens. In December 2017, Mitsui O.S.K. Lines and Rolls-Royce agreed to enter into a deal for a joint research on an advisory-type Intelligent Awareness System. The system would easily detect interference near vessels with provide immediate operational support and advanced sensors information to the on-board personnel.

Autonomous Ships Market By Key Players

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