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

Market Definition:

The Global Autonomous Ships Market size was valued at USD 6.57 billion in 2019 and is predicted to reach USD 10.74 billion by 2030, with a CAGR of 4.5% from 2020-2030. Autonomous ships are semi-automatic or fully-automatic crewless ships, technologically designed to operate with minimum or no human intervention. Fully-autonomous ships are equipped with sensors, GPS navigation, propulsion, auxiliary and other required software, as well as hardware systems that assist the ship in operating as per the environmental condition. On the other hand, semi-autonomous ships are partially automated and they require human interference from off board control units. Benefits offered by autonomous ships such as: decreased labour costs, reduced risk of accidents, cost-effective and reliable functioning, as well as easy operations with higher efficacy; are expected to drive the growth of autonomous ships market, throughout the forecast period.

Market Dynamics and Trends:

The global autonomous ships market is proliferating, owing to the upsurge in international sea-trade, soaring demand for cargo, augmentation in marine tourism, escalation in marine security, and stringent environmental regulations. Additionally, the growing demand for smart ships, and upsurge in competition among manufacturers further supplements the growth of autonomous ships market. However, complex nature of technology and increasing incidences of cyber-attacks are projected to hamper the autonomous ships market growth. On the other hand, increasing penetration of AI, IoT and advanced navigation technologies, higher adoption of live tracking and integrated radar systems, as well as growing safety concerns regarding the preservation of marine ecosystems, are the factors anticipated to create several lucrative opportunities in the global autonomous ships market in coming future.

Market Segmentations and Scope of the Study:

The global autonomous ships market share has been analyzed based on autonomy level, fuel type, ship type, component, and geography. Based on autonomy level, the market is segmented into semi-autonomous and fully-autonomous. Based on fuel type, the market is fragmented into carbon neutral fuels, LNG, electric batteries, and heavy fuel oil/marine engine fuel. Based on ship type, the market is classified into commercial, passenger, and defense. Based on component, the autonomous ships market is classified into hardware and software. Geographic breakdown and analysis of each of the previously mentioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America is estimated to account for the major market share in the global autonomous ships market, owing to the increase in overseas trade and cargo. Moreover, presence of advanced technology, well-established infrastructures, surging marine tourism and high per capita income are the factors anticipated to drive the autonomous ships market growth.

Asia Pacific dominated the global autonomous ships market in the past, but the trend is expected to change during the forecast period. Factors such as growing demand for commercial ships, increasing exports in global trade, presence of harbour in more numbers, as well as evolving emerging economies specifically India and China, are expected in propagate the autonomous ships market growth throughout the forecast period. Europe is expected to demonstrate a substantial growth in the autonomous ships market, witnessing the highest CAGR values, due to growing demand for cruisers, presence of huge number of ship owners, and conversion of traditional ships into autonomous ships.

Competitive Landscape:

The autonomous ships market is highly competitive and consists of various market players. Some of the major market players include L3 ASV, ABB Ltd., Honeywell International, Marine Technologies LLC, Kongsberg Gruppen, Mitsui O.S.K. Lines, Rolls-Royce, Northrop Grumman, Ulstein Group ASA, and Wartsila among others.

The key players are employing strategies such as product launches, acquisition, and technical collaboration, in-order to gain stronger position in the global autonomous ships market. For instance, in September 2019, L3Harris Technologies, one of the key players in autonomous ships market announced the launch of its brand-new class of Autonomous Surface Vehicle (ASV) equipped with advanced capabilities, aimed at assisting United Kingdom’s Royal Navy to comprehend the maintenance of technical advantage over potential adversaries.

KEY MARKET SEGMENTS:

Global Autonomous Ships market - By Autonomy Level
Semi-Autonomous
Fully-Autonomous
Global Autonomous Ships market - By Component
Hardware
Software
Global Autonomous Ships market - By Ship Type
Commercial
Passenger
Defense
Global Autonomous Ships market - By Fuel Type
Carbon Neutral Fuels
LNG
Electric Batteries
Heavy fuel Oil/Marine Engine Fuel
Global Autonomous Ships market - By Component
Hardware
Software
Global Autonomous Ships market -By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Denmark
Greece
Norway
Rest of Europe
Asia-Pacific
China
Japan
Australia
Singapore
South Korea
Rest of Asia-Pacific
RoW
Latin America
Middle East
Africa

1. Introduction

1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation

2. Market Snapshot, 2019-2030 Million USD

2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics

4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2

5. Global Autonomous Ships Market, by Level of Autonomy

5.1. Overview
5.2. Semi-Autonomous
5.2.1 Semi-Autonomous Market, by Region
5.2.1.1 North America Semi-Autonomous Market, by Country
5.2.1.2 Europe Semi-Autonomous Market, by Country
5.2.1.3 Asia-Pacific Semi-Autonomous Market, by Country
5.2.1.4 Rest of World Semi-Autonomous Market, by Country
5.3. Fully Autonomous
5.3.1 Fully Autonomous Market, by Region
5.3.1.1 North America Fully Autonomous Market, by Country
5.3.1.2 Europe Fully Autonomous Market, by Country
5.3.1.3 Asia-Pacific Fully Autonomous Market, by Country
5.3.1.4 Rest of World Fully Autonomous Market, by Country

6. Global Autonomous Ships Market, by Component

6.1. Overview
6.2. Hardware
6.2.1 Hardware Market, by Region
6.2.1.1 North America Hardware Market, by Country
6.2.1.2 Europe Hardware Market, by Country
6.2.1.3 Asia-Pacific Hardware Market, by Country
6.2.1.4 Rest of World Hardware Market, by Country
6.3. Software
6.3.1 Software Market, by Region
6.3.1.1 North America Software Market, by Country
6.3.1.2 Europe Software Market, by Country
6.3.1.3 Asia-Pacific Software Market, by Country
6.3.1.4 Rest of World Software Market, by Country

7. Global Autonomous Ships Market, by Ship Type

7.1. Overview
7.2. Commercial Ships
7.2.1 Commercial Ships Market, by Region
7.2.1.1 North America Commercial Ships Market, by Country
7.2.1.2 Europe Commercial Ships Market, by Country
7.2.1.3 Asia-Pacific Commercial Ships Market, by Country
7.2.1.4 Rest of World Commercial Ships Market, by Country
7.3. Defense Ships
7.3.1 Defense Ships Market, by Region
7.3.1.1 North America Defense Ships Market, by Country
7.3.1.2 Europe Defense Ships Market, by Country
7.3.1.3 Asia-Pacific Defense Ships Market, by Country
7.3.1.4 Rest of World Defense Ships Market, by Country
7.4. Passenger Ship
7.4.1 Passenger Ship Market, by Region
7.4.1.1 North America Passenger Ship Market, by Country
7.4.1.2 Europe Passenger Ship Market, by Country
7.4.1.3 Asia-Pacific Passenger Ship Market, by Country
7.4.1.4 Rest of World Passenger Ship Market, by Country

8. Global Autonomous Ships Market, by Fuel Type

8.1. Overview
8.2. Carbon Neutral Fuels
8.2.1 Carbon Neutral Fuels Market, by Region
8.2.1.1 North America Carbon Neutral Fuels Market, by Country
8.2.1.2 Europe Carbon Neutral Fuels Market, by Country
8.2.1.3 Asia-Pacific Carbon Neutral Fuels Market, by Country
8.2.1.4 Rest of World Carbon Neutral Fuels Market, by Country
8.3. Liquefied Natural Gas
8.3.1 Liquefied Natural Gas Market, by Region
8.3.1.1 North America Liquefied Natural Gas Market, by Country
8.3.1.2 Europe Liquefied Natural Gas Market, by Country
8.3.1.3 Asia-Pacific Liquefied Natural Gas Market, by Country
8.3.1.4 Rest of World Liquefied Natural Gas Market, by Country
8.4. Electric Batteries
8.4.1 Electric Batteries Market, by Region
8.4.1.1 North America Electric Batteries Market, by Country
8.4.1.2 Europe Electric Batteries Market, by Country
8.4.1.3 Asia-Pacific Electric Batteries Market, by Country
8.4.1.4 Rest of World Electric Batteries Market, by Country
8.5. Heavy Fuel Oils (Hfo)
8.5.1 Heavy Fuel Oils (Hfo) Market, by Region
8.5.1.1 North America Heavy Fuel Oils (Hfo) Market, by Country
8.5.1.2 Europe Heavy Fuel Oils (Hfo) Market, by Country
8.5.1.3 Asia-Pacific Heavy Fuel Oils (Hfo) Market, by Country
8.5.1.4 Rest of World Heavy Fuel Oils (Hfo) Market, by Country

9. Global Autonomous Ships Market, by Region

9.1. Overview
9.2. North America
9.2.1 North America Autonomous Ships Market, by Level of Autonomy
9.2.2 North America Autonomous Ships Market, by Component
9.2.3 North America Autonomous Ships Market, by Ship Type
9.2.4 North America Autonomous Ships Market, by Fuel Type
9.2.5 North America Autonomous Ships, Market by Country
9.2.5.1 U.S.
9.2.5.1.1 U.S. Autonomous Ships Market, by Level of Autonomy
9.2.5.1.2 U.S. Autonomous Ships Market, by Component
9.2.5.1.3 U.S. Autonomous Ships Market, by Ship Type
9.2.5.1.4 U.S. Autonomous Ships Market, by Fuel Type
9.2.5.2 Canada
9.2.5.2.1 Canada Autonomous Ships Market, by Level of Autonomy
9.2.5.2.2 Canada Autonomous Ships Market, by Component
9.2.5.2.3 Canada Autonomous Ships Market, by Ship Type
9.2.5.2.4 Canada Autonomous Ships Market, by Fuel Type
9.2.5.3 Mexico
9.2.5.3.1 Mexico Autonomous Ships Market, by Level of Autonomy
9.2.5.3.2 Mexico Autonomous Ships Market, by Component
9.2.5.3.3 Mexico Autonomous Ships Market, by Ship Type
9.2.5.3.4 Mexico Autonomous Ships Market, by Fuel Type
9.3. Europe
9.3.1 Europe Autonomous Ships Market, by Level of Autonomy
9.3.2 Europe Autonomous Ships Market, by Component
9.3.3 Europe Autonomous Ships Market, by Ship Type
9.3.4 Europe Autonomous Ships Market, by Fuel Type
9.3.5 Europe Autonomous Ships, Market by Country
9.3.5.1 Germany
9.3.5.1.1 Germany Autonomous Ships Market, by Level of Autonomy
9.3.5.1.2 Germany Autonomous Ships Market, by Component
9.3.5.1.3 Germany Autonomous Ships Market, by Ship Type
9.3.5.1.4 Germany Autonomous Ships Market, by Fuel Type
9.3.5.2 UK
9.3.5.2.1 UK Autonomous Ships Market, by Level of Autonomy
9.3.5.2.2 UK Autonomous Ships Market, by Component
9.3.5.2.3 UK Autonomous Ships Market, by Ship Type
9.3.5.2.4 UK Autonomous Ships Market, by Fuel Type
9.3.5.3 Denmark
9.3.5.3.1 Denmark Autonomous Ships Market, by Level of Autonomy
9.3.5.3.2 Denmark Autonomous Ships Market, by Component
9.3.5.3.3 Denmark Autonomous Ships Market, by Ship Type
9.3.5.3.4 Denmark Autonomous Ships Market, by Fuel Type
9.3.5.4 Greece
9.3.5.4.1 Greece Autonomous Ships Market, by Level of Autonomy
9.3.5.4.2 Greece Autonomous Ships Market, by Component
9.3.5.4.3 Greece Autonomous Ships Market, by Ship Type
9.3.5.4.4 Greece Autonomous Ships Market, by Fuel Type
9.3.5.5 Norway
9.3.5.5.1 Norway Autonomous Ships Market, by Level of Autonomy
9.3.5.5.2 Norway Autonomous Ships Market, by Component
9.3.5.5.3 Norway Autonomous Ships Market, by Ship Type
9.3.5.5.4 Norway Autonomous Ships Market, by Fuel Type
9.3.5.6 Rest of Europe
9.3.5.6.1 Rest of Europe Autonomous Ships Market, by Level of Autonomy
9.3.5.6.2 Rest of Europe Autonomous Ships Market, by Component
9.3.5.6.3 Rest of Europe Autonomous Ships Market, by Ship Type
9.3.5.6.4 Rest of Europe Autonomous Ships Market, by Fuel Type
9.4. Asia-Pacific
9.4.1 Asia-Pacific Autonomous Ships Market, by Level of Autonomy
9.4.2 Asia-Pacific Autonomous Ships Market, by Component
9.4.3 Asia-Pacific Autonomous Ships Market, by Ship Type
9.4.4 Asia-Pacific Autonomous Ships Market, by Fuel Type
9.4.5 Asia-Pacific Autonomous Ships, Market by Country
9.4.5.1 Japan
9.4.5.1.1 Japan Autonomous Ships Market, by Level of Autonomy
9.4.5.1.2 Japan Autonomous Ships Market, by Component
9.4.5.1.3 Japan Autonomous Ships Market, by Ship Type
9.4.5.1.4 Japan Autonomous Ships Market, by Fuel Type
9.4.5.2 Singapore
9.4.5.2.1 Singapore Autonomous Ships Market, by Level of Autonomy
9.4.5.2.2 Singapore Autonomous Ships Market, by Component
9.4.5.2.3 Singapore Autonomous Ships Market, by Ship Type
9.4.5.2.4 Singapore Autonomous Ships Market, by Fuel Type
9.4.5.3 Australia
9.4.5.3.1 Australia Autonomous Ships Market, by Level of Autonomy
9.4.5.3.2 Australia Autonomous Ships Market, by Component
9.4.5.3.3 Australia Autonomous Ships Market, by Ship Type
9.4.5.3.4 Australia Autonomous Ships Market, by Fuel Type
9.4.5.4 China
9.4.5.4.1 China Autonomous Ships Market, by Level of Autonomy
9.4.5.4.2 China Autonomous Ships Market, by Component
9.4.5.4.3 China Autonomous Ships Market, by Ship Type
9.4.5.4.4 China Autonomous Ships Market, by Fuel Type
9.4.5.5 South Korea
9.4.5.5.1 South Korea Autonomous Ships Market, by Level of Autonomy
9.4.5.5.2 South Korea Autonomous Ships Market, by Component
9.4.5.5.3 South Korea Autonomous Ships Market, by Ship Type
9.4.5.5.4 South Korea Autonomous Ships Market, by Fuel Type
9.4.5.6 Rest of Asia-Pacific
9.4.5.6.1 Rest of Asia-Pacific Autonomous Ships Market, by Level of Autonomy
9.4.5.6.2 Rest of Asia-Pacific Autonomous Ships Market, by Component
9.4.5.6.3 Rest of Asia-Pacific Autonomous Ships Market, by Ship Type
9.4.5.6.4 Rest of Asia-Pacific Autonomous Ships Market, by Fuel Type
9.5. Rest of World
9.5.1 Rest of World Autonomous Ships Market, by Level of Autonomy
9.5.2 Rest of World Autonomous Ships Market, by Component
9.5.3 Rest of World Autonomous Ships Market, by Ship Type
9.5.4 Rest of World Autonomous Ships Market, by Fuel Type
9.5.5 Rest of World Autonomous Ships, Market by Country
9.5.5.1 Latin America
9.5.5.1.1 Latin America Autonomous Ships Market, by Level of Autonomy
9.5.5.1.2 Latin America Autonomous Ships Market, by Component
9.5.5.1.3 Latin America Autonomous Ships Market, by Ship Type
9.5.5.1.4 Latin America Autonomous Ships Market, by Fuel Type
9.5.5.2 Middle East
9.5.5.2.1 Middle East Autonomous Ships Market, by Level of Autonomy
9.5.5.2.2 Middle East Autonomous Ships Market, by Component
9.5.5.2.3 Middle East Autonomous Ships Market, by Ship Type
9.5.5.2.4 Middle East Autonomous Ships Market, by Fuel Type
9.5.5.3 Africa
9.5.5.3.1 Africa Autonomous Ships Market, by Level of Autonomy
9.5.5.3.2 Africa Autonomous Ships Market, by Component
9.5.5.3.3 Africa Autonomous Ships Market, by Ship Type
9.5.5.3.4 Africa Autonomous Ships Market, by Fuel Type

10. Company Profiles

10.1. Abb Ltd.
10.1.1 Company Overview
10.1.2 Company Snapshot
10.1.3 Operating Business Segments
10.1.4 Product Portfolio
10.1.5 Business Performance
10.1.6 Key Strategic Moves and Development
10.2. L3 Asv
10.2.1 Company Overview
10.2.2 Company Snapshot
10.2.3 Operating Business Segments
10.2.4 Product Portfolio
10.2.5 Business Performance
10.2.6 Key Strategic Moves and Development
10.3. Mitsui O.S.K. Lines
10.3.1 Company Overview
10.3.2 Company Snapshot
10.3.3 Operating Business Segments
10.3.4 Product Portfolio
10.3.5 Business Performance
10.3.6 Key Strategic Moves and Development
10.4. Northrop Grumman
10.4.1 Company Overview
10.4.2 Company Snapshot
10.4.3 Operating Business Segments
10.4.4 Product Portfolio
10.4.5 Business Performance
10.4.6 Key Strategic Moves and Development
10.5. Honeywell International
10.5.1 Company Overview
10.5.2 Company Snapshot
10.5.3 Operating Business Segments
10.5.4 Product Portfolio
10.5.5 Business Performance
10.5.6 Key Strategic Moves and Development
10.6. Ulstein Group Asa
10.6.1 Company Overview
10.6.2 Company Snapshot
10.6.3 Operating Business Segments
10.6.4 Product Portfolio
10.6.5 Business Performance
10.6.6 Key Strategic Moves and Development
10.7. Wärtsilä.
10.7.1 Company Overview
10.7.2 Company Snapshot
10.7.3 Operating Business Segments
10.7.4 Product Portfolio
10.7.5 Business Performance
10.7.6 Key Strategic Moves and Development
10.8. Kongsberg Gruppen
10.8.1 Company Overview
10.8.2 Company Snapshot
10.8.3 Operating Business Segments
10.8.4 Product Portfolio
10.8.5 Business Performance
10.8.6 Key Strategic Moves and Development
10.9. Rolls Royce
10.9.1 Company Overview
10.9.2 Company Snapshot
10.9.3 Operating Business Segments
10.9.4 Product Portfolio
10.9.5 Business Performance
10.9.6 Key Strategic Moves and Development
10.10. Marine Technologies, LLC
10.10.1 Company Overview
10.10.2 Company Snapshot
10.10.3 Operating Business Segments
10.10.4 Product Portfolio
10.10.5 Business Performance
10.10.6 Key Strategic Moves and Development

Executive Summary

Autonomous Ships: Global Market Size, Trends, Competitive, Historical & Forecast Analysis, 2020 - 2030. Increasing demand for smart ships, and upsurge in competition among manufacturers supplements the growth of autonomous ships market.

Autonomous ships are semi-automatic or fully-automatic crewless ships, technologically designed to operate with minimum or no human intervention. Fully-autonomous ships are equipped with sensors, GPS navigation, propulsion, auxiliary and other required software, as well as hardware systems that assist the ship in operating as per the environmental condition. The global autonomous ships market is proliferating, owing to the upsurge in international sea-trade, soaring demand for cargo, augmentation in marine tourism, escalation in marine security, and stringent environmental regulations. However, complex nature of technology and increasing incidences of cyber-attacks are projected to hamper the autonomous ships market growth.

The global autonomous ships market share has been analyzed based on autonomy level, fuel type, ship type, component, and geography. Based on autonomy level, the market is segmented into semi-autonomous and fully-autonomous. Based on fuel type, the market is fragmented into carbon neutral fuels, LNG, electric batteries, and heavy fuel oil/marine engine fuel. Based on ship type, the market is classified into commercial, passenger, and defense. Based on component, the autonomous ships market is classified into hardware and software. Geographic breakdown and analysis of each of the previously mentioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.