The global autonomous ships market was garnered $86.42 billion in 2020, and is estimated to reach $133.70 billion by 2030, growing at a CAGR of 4.3% from 2020 to 2030.
Surge in demand for cargo transportation through marines and rise in operational safety of ships drive the growth in the global autonomous ships market. However, network complexity and risks related to exploitation through hacking hinder the market growth. On the other hand, trend of automation in marine transportation and rise in marine safety norms create new opportunities in the industry.
The report analyzes and forecasts the autonomous ships market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2020 to 2030. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global autonomous ships market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the autonomous ships market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
The key players operating in the autonomous ships market include ABB Ltd., L3 ASV, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila.
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
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