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Autonomous Ships Market by Level of Autonomy, Ship Type, and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030

  • ID: 4845546
  • Report
  • August 2019
  • Region: Global
  • 297 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • ABB Ltd.
  • Honeywell International
  • Kongsberg Gruppen
  • L3 ASV
  • Marine Technologies LLC
  • Mitsui O.S.K. Lines
  • MORE
Autonomous ships are the self-driving vessels that operate on the surface of water without any crew present on the ship. They are piloted by means of artificial intelligence and can be unmanned vessels functioning as a type of seafaring drone. They are combined with advanced sensors which give a precise image of the surrounding to the artificial intelligence system of the ship making it to operate accordingly.

The component used in autonomous ships are supported by the services such as IoT, Artificial intelligence (AI) and others which help to follow mission plans, adjust mission execution, and sense the environment with the necessary decision logic. Presently, there is a demand for smart and autonomous ships which can reduce the human involvement in the operation. One of the major factors that drive the Autonomous Ships Market share is increase in seaborne trades across the globe.

The Autonomous Ships Market is segmented based on the level of autonomy, ship type, fuel type, channel type, and region. On the basis of level of autonomy, the market is divided into semi-autonomous and fully autonomous ships. Depending on the ship type, the market is categorized into commercial ships, defense ships, and passenger ships. By fuel type, the market is classified into carbon neutral fuels, liquefied natural gas, electric batteries, and heavy fuel oils. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the Autonomous Ships Market include ABB, ASV Global, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the Autonomous Ships Market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Level of Autonomy
o Semi-autonomous
o Fully-autonomous

By Ship Type
o Commercial
o Passenger
o Defense

By Fuel Type
o Carbon Neutral fuels
o LNG
o Electric Batteries
o Heavy fuel Oil/Marine Engine Fuel

By Region

North America
  • U.S.
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • Greece
  • Norway
  • Denmark
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • Singapore
  • South Korea
  • Rest of Asia-Pacific
LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ABB Ltd.
  • Honeywell International
  • Kongsberg Gruppen
  • L3 ASV
  • Marine Technologies LLC
  • Mitsui O.S.K. Lines
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Key Player Positioning, 2020
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase In Demand For Cargo Transportation Through Marines
3.5.1.2. Increase In Operational Safety of Ships
3.5.2. Restraints
3.5.2.1. Risk of Exploitation By Hacking
3.5.2.2. Complexity of The Network
3.5.3. Opportunities
3.5.3.1. Anticipated Trend of Automation In Marine Transportation
3.5.3.2. Increase In Marine Safety Norms

Chapter 4: Autonomous Ships Market , By Level of Autonomy
4.1. Overview
4.2. Semi-Autonomous Marines
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Fully Autonomous
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country

Chapter 5: Autonomous Ships Market , By Ship Type
5.1. Overview
5.2. Passenger Ship
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Commercial Ships
5.3.1. Key Market Trends, Growth Factors And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Defense
5.4.1. Key Market Trends, Growth Factors And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country

Chapter 6: Autonomous Ships Market , By Fuel Type
6.1. Overview
6.2. Carbon Neutral Fuels
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.3. Liquefied Natural Gas
6.3.1. Key Market Trends, Growth Factors And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country
6.4. Electric Batteries
6.4.1. Key Market Trends, Growth Factors And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis, By Country
6.5. Heavy Fuel Oils (Hfo)
6.5.1. Key Market Trends, Growth Factors And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis, By Country

Chapter 7: Autonomous Ships Market , By Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors And Opportunities
7.2.2. Market Size And Forecast, By Level of Autonomy
7.2.3. Market Size And Forecast, By Ship Type
7.2.4. Market Size And Forecast, By Fuel Type
7.2.5. Market Analysis By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast By Level of Autonomy
7.2.5.1.2. Market Size And Forecast, By Ship Type
7.2.5.1.3. Market Size And Forecast, By Fuel Type
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast By Level of Autonomy
7.2.5.2.2. Market Size And Forecast, By Ship Type
7.2.5.2.3. Market Size And Forecast, By Fuel Type
7.2.5.3. Mexico
7.2.5.3.1. Market Size And Forecast By Level of Autonomy
7.2.5.3.2. Market Size And Forecast, By Ship Type
7.2.5.3.3. Market Size And Forecast, By Fuel Type
7.3. Europe
7.3.1. Key Market Trends, Growth Factors And Opportunities
7.3.2. Market Size And Forecast, By Level of Autonomy
7.3.3. Market Size And Forecast, By Ship Type
7.3.4. Market Size And Forecast, By Fuel Type
7.3.5. Market Analysis By Country
7.3.5.1. Greece
7.3.5.1.1. Market Size And Forecast By Level of Autonomy
7.3.5.1.2. Market Size And Forecast, By Ship Type
7.3.5.1.3. Market Size And Forecast, By Fuel Type
7.3.5.2. Norway
7.3.5.2.1. Market Size And Forecast By Level of Autonomy
7.3.5.2.2. Market Size And Forecast, By Ship Type
7.3.5.2.3. Market Size And Forecast, By Fuel Type
7.3.5.3. Germany
7.3.5.3.1. Market Size And Forecast By Level of Autonomy
7.3.5.3.2. Market Size And Forecast, By Ship Type
7.3.5.3.3. Market Size And Forecast, By Fuel Type
7.3.5.4. UK
7.3.5.4.1. Market Size And Forecast By Level of Autonomy
7.3.5.4.2. Market Size And Forecast, By Ship Type
7.3.5.4.3. Market Size And Forecast, By Fuel Type
7.3.5.5. Denmark
7.3.5.5.1. Market Size And Forecast By Level of Autonomy
7.3.5.5.2. Market Size And Forecast, By Ship Type
7.3.5.5.3. Market Size And Forecast, By Fuel Type
7.3.5.6. Rest of Europe
7.3.5.6.1. Market Size And Forecast By Level of Autonomy
7.3.5.6.2. Market Size And Forecast, By Ship Type
7.3.5.6.3. Market Size And Forecast, By Fuel Type
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors And Opportunities
7.4.2. Market Size And Forecast, By Level of Autonomy
7.4.3. Market Size And Forecast, By Ship Type
7.4.4. Market Size And Forecast, By Fuel Type
7.4.5. Market Analysis By Country
7.4.5.1. Japan
7.4.5.1.1. Market Size And Forecast By Level of Autonomy
7.4.5.1.2. Market Size And Forecast, By Ship Type
7.4.5.1.3. Market Size And Forecast, By Fuel Type
7.4.5.2. China
7.4.5.2.1. Market Size And Forecast By Level of Autonomy
7.4.5.2.2. Market Size And Forecast, By Ship Type
7.4.5.2.3. Market Size And Forecast, By Fuel Type
7.4.5.3. Singapore
7.4.5.3.1. Market Size And Forecast By Level of Autonomy
7.4.5.3.2. Market Size And Forecast, By Ship Type
7.4.5.3.3. Market Size And Forecast, By Fuel Type
7.4.5.4. South Korea
7.4.5.4.1. Market Size And Forecast By Level of Autonomy
7.4.5.4.2. Market Size And Forecast, By Ship Type
7.4.5.4.3. Market Size And Forecast, By Fuel Type
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market Size And Forecast By Level of Autonomy
7.4.5.5.2. Market Size And Forecast, By Ship Type
7.4.5.5.3. Market Size And Forecast, By Fuel Type
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors And Opportunities
7.5.2. Market Size And Forecast, By Level of Autonomy
7.5.3. Market Size And Forecast, By Ship Type
7.5.4. Market Size And Forecast, By Fuel Type
7.5.5. Market Analysis By Country
7.5.5.1 Latin America
7.5.5.1.1. Market Size And Forecast By Level of Autonomy
7.5.5.1.2. Market Size And Forecast, By Ship Type
7.5.5.1.3. Market Size And Forecast, By Fuel Type
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast By Level of Autonomy
7.5.5.2.2. Market Size And Forecast, By Ship Type
7.5.5.2.3. Market Size And Forecast, By Fuel Type
7.5.5.3. Africa
7.5.5.3.1. Market Size And Forecast By Level of Autonomy
7.5.5.3.2. Market Size And Forecast, By Ship Type
7.5.5.3.3. Market Size And Forecast, By Fuel Type

Chapter 8: Company Profiles
8.1. Abb Ltd.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves And Developments
8.2. L3 Asv
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves And Developments
8.3. Mitsui O.S.K. Lines
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves And Developments
8.4. Northrop Grumman
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.4.5. Business Performance
8.4.6. Key Strategic Moves And Developments
8.5. Honeywell International
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.5.6. Key Strategic Moves And Developments
8.6. Ulstein Group Asa
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.6.4. Business Performance
8.6.5. Key Strategic Moves And Developments
8.7. Wärtsilä.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves And Developments
8.8. Kongsberg Gruppen
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Product Portfolio
8.8.4. Business Performance
8.8.5. Key Strategic Moves And Developments
8.9. Rolls Royce
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.9.6. Key Strategic Moves And Developments
8.10. Marine Technologies, Llc
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Product Portfolio

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Honeywell International
  • Kongsberg Gruppen
  • L3 ASV
  • Marine Technologies LLC
  • Mitsui O.S.K. Lines
  • MORE
According to the report titled,'Autonomous Ships Market by Level of Autonomy, Ship Type, and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2020-2030,' The global autonomous ships market size was valued at $88,013.3 million in 2020, and is projected to reach $134,900.0 million by 2030, registering a CAGR of 4.4% from 2020 to 2030. The semi-autonomous by level of autonomy segment was the highest contributor to the market in 2020, accounting for $86,885.8 million, and is estimated to reach $126,119.5 million by 2030, registering a CAGR of 3.8% during the forecast period. In 2020, the autonomous ships market share accounted highest for the Asia-Pacific region.

At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. Japan dominated the autonomous ships market in 2020, whereas rest of Asia-Pacific is expected to grow at a significant rate during the forecast period.

The transportation industry environment is changing at a rapid pace due to globalization. Therefore, increase in automotive sales due to improvement in manufacturing facilities in most of the emerging countries such as Japan, Norway, China, India, and Brazil is a key factor that drives the demand for autonomous marines. Improvement in productivity with the use of advanced technology for autonomous marines in transportation sector is anticipated to influence prominent players to invest and expand the business through different segments. In addition, reduction in accidents and increase in cargo transportation across the globe fuels the demand for automated technology for ships, which in turn is expected to boost the growth of the autonomous ships market.

Developing countries such as China and Brazil are the most promising countries for the transportation sector, owing to increase in number of ports and rise in number of vessels. Furthermore, increase in awareness about the latest technology used in automotive and rise in deployment of autonomous marine from the giant companies are expected to fuel the growth of the autonomous ships market. The autonomous ships market forecasted from 2020 to 2030 by considering all the driving factors that influence equally to the autonomous ships market statistics. In the recent years, consumers have shifted their interest toward technologically advanced, safety & secured transportation service-based vehicles for the various applications through marine. This in turn increases the overall use of autonomous marine systems & components in vehicles, thereby boosting the autonomous ships market growth.

Furthermore, rise in use of autonomous technology-based vehicles globally, increase in investments toward testing of fully autonomous ships for commercial applications, and heavy R&D in the field of autonomous ships and vessels are the key factors that fuel the growth of the autonomous ships industry. In addition, the marine market is witnessing a significant growth owing to the implementation of automation in the ships followed by the increased demand for cargo transportation through marines and operational safety of ships which is leading to the development of autonomous ships.

The risk of exploitation by hacking the system and increased complexity in the network are the major restraining factors of this market. Furthermore, trend of complete automation in transport sector along with the increase in maritime safety norms are anticipated to offer lucrative opportunities for the market expansion.

The market analysis totally depends on the level of autonomy and ship type used for the applications of autonomous marine. Moreover, automobile companies focus on the innovations of autonomous marine system. Furthermore, the recent trend shows autonomous vessel manufacturers, shipbuilding firms, and supportive technology companies all working proactively to develop their first semi- and fully autonomous cargo ship using artificial intelligence and analytics. Therefore, the new product from such companies is anticipated to improve safety, comfort, and well-being of drivers and goods. These factors not only boost demand for system used for autonomous ships t but also foster the growth of the autonomous ships market.

Moreover, the leading giant companies in the autonomous ships industry are taking steps to expand their business through various business strategies. For instance, Yara international, Rolls Royce and Kongsberg Gruppen are the early entrants in this business segment.

In addition, as per the records of UNCTAD, approximately 1687 million tons of cargo is transported every year in around 177.6 million containers covering 998 billion tons-miles. The recent developments in commercial vessels and giant players innovation of cargo ships equipped with latest technology such as advanced sensors, navigation system and other components is creating a demand for autonomous cargo ship market globally. For instance, Norwegian built Yara Birkeland is planning to introduce the first autonomous cargo ship in 2020. In addition, the introduction of autonomous marines especially in the cargo vessels, it will create a demand for transportation of cargo by sea routes. Thus, these all parameters helps to lead the increase in demand for cargo transportation through marines. The autonomous ships market is studied during the forecast period from 2020 to 2030 by considering all the driving factors that influence the autonomous ships market analysis.

However, various safety norms also being associated with travelling at the sea which is termed as Safety of Life at Sea (SOLAS), navigation communications search and rescue (NCSR), and others. Such support from government of different countries in favor with autonomous marine technology will create lucrative opportunities for the autonomous ships market growth.

Key Findings of the Autonomous Ships Market :

In 2020, based on ship type, the commercial ship type segment generated the highest revenue.
In 2020, by level of autonomy type, the semi-autonomous vessels was the highest revenue contributor.
In 2020, by fuel type, heavy fuel oil/marine engine fuel segment was the highest revenue contributor.
In 2020, region wise, Asia-Pacific contributed the highest revenue, followed by Europe, North America, and LAMEA.
The key players analyzed in autonomous ships market report include ABB, ASV Global, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila.
Note: Product cover images may vary from those shown
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  • ABB Ltd.
  • L3 ASV
  • Honeywell International
  • Kongsberg Gruppen
  • Marine Technologies LLC
  • Mitsui O.S.K. Lines
  • Northrop Grumman
  • Rolls-Royce
  • Ulstein Group ASA
  • Wartsila.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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