Autonomous Ships Market

Global Autonomous Ships Market Size, Trends & Analysis - Forecasts to 2027 By Level of Autonomy (Semi-autonomous, Fully-autonomous), By Ship Type (Commercial, Passenger, Defense), By Component (Hardware, Software), By Fuel Type (Carbon Neutral Fuels, LNG, Electric, Heavy Fuel Oil/Marine Engine Fuel), By Region (North America, Asia Pacific, Central, and South America, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Automotive & Transportation
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This report was recently updated on April 18 2024 with the latest and most recent market numbers

Autonomous Ships Market Size

The Global Autonomous Ships Market is projected to grow from USD 86.5 Billion in 2022 to USD 162.8 Billion by 2027 at a CAGR value of 6.9% from 2022 to 2027.

As per the International Chamber of Shipping (ICS), approximately 90% of international trade is done via maritime vessels. This has led to a growing demand for investments in newer technology in the marine industry, which would lead to more efficiency and a better experience for the crew and countries involved in trading. Autonomous ships are crewless vessels that transport goods and commodities with the help of artificial intelligence and machine learning. Autonomous ships have the added benefit of being fuel-efficient and reducing the number of accidents and collisions between cargo ships.

The market will be driven during the forecast period by the increasing demand for fuel efficiency in marine transportation, the rising need for technologies to reduce marine collisions, and the growing demand for maritime transport for trade and tourism.

Furthermore, autonomous ships' ability to reduce human error and provide more safety to aquatic life and the increasing need for security in marine operations are other factors that will boost the market.

global autonomous ships market

COVID-19 Impact on Global Autonomous Ships Market

The COVID-19 pandemic has hit the trade and tourism sector drastically, with most countries closing their borders due to the contagious nature of the coronavirus disease. However, autonomous ships provide a better alternative to traditional vessels due to their lesser dependence on humans for functioning. The social distancing norms can be followed with the help of autonomous ships as they reduce contact in freightage and minimize the probability of spreading the coronavirus. The spread of COVID-19 has also encouraged the shipping industry to look for digital technologies to continue functioning efficiently. In response to the growing concerns around the spread of the coronavirus, the shipping industry has primarily adopted artificial intelligence and marine technologies in marine transportation. The post-pandemic period would increase the need for autonomous ships due to their beneficial features of reducing human dependence and errors.

Ukraine-Russia War Impact on Marine Industry

The transportation and logistics industry has seen severe disruptions in its activity owing to the conflict between Russia and Ukraine. Disruption in trade routes owing to blockades in the Black Sea and other shipping routes has seen a fall in demand for shipping through seaways. With major shipping companies stopping services to and from Russia, the demand for marine services is expected to fall in the two countries.

Autonomous Ships Market: By Level of Autonomy

The fully-autonomous segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

Fully autonomous take up fewer investments as there is no requirement for elaborate crew accommodation, sanitary systems, or safety equipment for the crew. Lower operational costs are another reason for the marine industry to adopt fully-autonomous ships. No crew change requirements lead to not stopping ashore, which saves fuel and energy. Some full-autonomous vessels are battery-driven and hence would not contribute to fossil fuel emissions.

Autonomous Ships Market: By Ship Type

The commercial segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

The International Maritime Organization (IMO) encourages traders and stakeholders in the maritime industry to adopt autonomous ship technology through various conferences and sea operations. The growing demand for marine-based tourism, such as cruises, and the heavy trade dependence on the maritime industry will also propel the commercial segment significantly.

Autonomous Ships Market: By Component

The hardware segment is expected to be the largest segment from 2022 to 2027.

The hardware segment consists of sensors, automated navigation systems, GPS trackers, and auxiliary and propulsion features that help in adding beneficial features of tracking and navigation to autonomous ships. The hardware segment is expected to grow due to the unique features it adds to the physical structure of autonomous vessels.

Autonomous Ships Market: By Fuel Type

The carbon-neutral fuel segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

Increasing environmental concerns and the disruptions of imported fossil fuels have encouraged the maritime industry to explore the carbon-neutral fuel option. Carbon-neutral fuels are beneficial in reducing greenhouse gas emissions.

asia pacific autonomous ships market

Autonomous Ships Market: By Region

North America (the United States, Canada, and Mexico) will have a dominant share in the Autonomous Ships market from 2022 to 2027. The major factor driving the growth of the market in the North American region is the rising need for fuel-efficient options for marine transportation, the increasing integration of crewless, automated technologies in the maritime industry, and the presence of major players in the region.

The growing demand for marine tourism and increasing demand for private boats and yachts for recreational purposes combined with the large demand from shipping & logistics companies in the United States have led to the country holding the dominant share of the North American market for autonomous ships.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment in the autonomous ships market during the forecast period. Rapidly rising maritime trade and tourism, demand for environmentally conscious transport systems, and the growing need for a safer marine transportation system that does not harm aquatic life are the factors that will propel the autonomous ships market.

Autonomous Ships Market Share and Competitor Analysis

ABB Ltd., L3 ASV, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K, Line, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, Wartsila, Sea Machines Robotics, Inc., Neptec Technologies Corp., Shone Automation Inc., and Buffalo Automation, among others are the key players in the autonomous ships market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Research Methodology

1.1    Research Assumptions

1.2    Research Methodology

1.2.1    Estimates and Forecast Timeline

1.3    Information Procurement

1.3.1    Purchased Database

1.3.2    GME’s Internal Database

1.3.3    Primary Research

1.3.4    Secondary Sources & Third-Party Perspectives

            1.3.4.1    Company Information Sources: Annual Reports, Investor Presentation, Press Release, SEC Filing, Company Blogs & Website

           1.3.4.2 Secondary Data Sources: World Bank, MPEC, IMF, IMO, and other Maritime Organizations

1.4    Information or Data Analysis

1.4.1    Data Analysis Models

1.5    Market Ship Type & Data Visualization

1.6    Data Validation & Publishing

1.7   Market Model

1.7.1    Model Details

              1.7.1.1 Top-Down Approach

               1.7.1.2 Bottom-Up Approach

1.8    Market Segmentation & Scope

1.9    Market Definition

Chapter 2   Executive Summary

2.1.    Global Market Outlook

2.2     Level of Autonomy Outlook

2.3     Fuel Type Outlook

2.4     Ship Type Outlook

2.5     Component Outlook

2.6     Regional Outlook

Chapter 3   Global Autonomous Ships Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Autonomous Ships Market

3.4 Metric Data on Shipping & Logistics Industry

3.5 Market Dynamic

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6    Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4   Autonomous Ships Market: Level of Autonomy Trend Analysis

4.1   Level of Autonomy: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2    Semi-autonomous

4.2.1    Market Estimates & Forecast Analysis of Semi-autonomous Segment, By Region, 2019-2027 (USD Billion)

4.3   Fully-autonomous

4.3.1    Market Estimates & Forecast Analysis of Fully-autonomous Markets Segment, By Region, 2019-2027 (USD Billion)

Chapter 5   Autonomous Ships Market: Fuel Type Trend Analysis

5.1    Fuel Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2    Carbon Neutral Fuels

5.2.1    Market Estimates & Forecast Analysis of Carbon Neutral Fuels Segment, By Region, 2019-2027 (USD Billion)

5.3    LNG

5.3.1    Market Estimates & Forecast Analysis of LNG Segment, By Region, 2019-2027 (USD Billion)

5.4    Electric

5.4.1    Market Estimates & Forecast Analysis of Electric Segment, By Region, 2019-2027 (USD Billion)

5.5    Heavy Fuel Oil/Marine Engine Fuel

5.5.1    Market Estimates & Forecast Analysis of Heavy Fuel Oil/Marine Engine Fuel Segment, By Region, 2019-2027 (USD Billion)

Chapter 6   Autonomous Ships Market: Ship Type Trend Analysis

6.1    Ship Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

6.2    Commercial

6.2.1    Market Estimates & Forecast Analysis of Commercial Segment, By Region, 2019-2027 (USD Billion)

6.3    Passenger

6.3.1    Market Estimates & Forecast Analysis of Passenger Segment, By Region, 2019-2027 (USD Billion)

6.4    Defense

6.4.1    Market Estimates & Forecast Analysis of Defense Segment, By Region, 2019-2027 (USD Billion)

Chapter 7   Autonomous Ships Market: Component Trend Analysis

7.1   Component: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

7.2    Hardware          

7.2.1    Market Estimates & Forecast Analysis of Hardware Segment, By Region, 2019-2027 (USD Billion)

7.3    Software

7.3.1    Market Estimates & Forecast Analysis of Software Segment, By Region, 2019-2027 (USD Billion)

Chapter 8   Autonomous Ships Market, By Region

8.1    Regional Outlook

8.2    North America

8.2.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.2.2    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.2.3    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.2.4    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.2.5    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.2.6    U.S.

8.2.6.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.2.6.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.2.6.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.2.6.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.2.7    Canada

8.2.7.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.2.7.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.2.7.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.2.7.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.2.8    Mexico

8.2.8.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027 (USD Billion)

8.2.8.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027 (USD Billion)

8.2.8.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027 (USD Billion)

8.2.8.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3    Europe

8.3.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.3.2    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.3    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.4    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.5    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.6    Germany

8.3.6.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.6.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.6.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.6.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.7    UK

8.3.7.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.7.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.7.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.7.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.8    France

8.3.8.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.8.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.8.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.8.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.9    Russia

8.3.9.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.9.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.9.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.9.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.10    Italy

8.3.10.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.10.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.10.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.10.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.11    Spain

8.3.11.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.3.11.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.3.11.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.3.11.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.3.12    Rest of Europe

8.3.12.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027 (USD Billion)

8.3.12.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027 (USD Billion)

8.3.12.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027 (USD Billion)

8.3.12.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4    Asia Pacific

8.4.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.4.2    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.4.3    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.4.4    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.4.5    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4.6    China

8.4.6.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.4.6.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.4.6.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.4.6.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4.7    India

8.4.7.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.4.7.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.4.7.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.4.7.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4.8    Japan

8.4.8.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.4.8.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.4.8.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.4.8.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4.9    Australia

8.4.9.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.4.9.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.4.9.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.4.9.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4.10    South Korea

8.4.10.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.4.10.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.4.10.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.4.10.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.4.11    Rest of Asia Pacific

8.4.11.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027 (USD Billion)

8.4.11.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027 (USD Billion)

8.4.11.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027 (USD Billion)

8.4.11.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.5    Central & South America

8.5.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.5.2    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.5.3    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.5.4   Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.5.5   Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.5.6    Brazil

8.5.6.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.5.6.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.5.6.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.5.6.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.5.7    Rest of Central & South America

8.5.7.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.5.7.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.5.7.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.5.7.4    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.6    Middle East & Africa

8.6.1    Market Estimates & Forecast Analysis, By Country 2019-2027(USD Billion)

8.6.2    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.6.3    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.6.4    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.6.5    Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.6.6    Saudi Arabia

8.6.6.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.6.6.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.6.6.3   Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.6.6.4   Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.6.7    United Arab Emirates

8.6.7.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.6.7.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.6.7.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.6.7.4   Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.6.8    South Africa

8.6.8.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027(USD Billion)

8.6.8.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027(USD Billion)

8.6.8.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027(USD Billion)

8.6.8.4   Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

8.6.9   Rest of Middle East & Africa

8.6.9.1    Market Estimates & Forecast Analysis, By Level of Autonomy, 2019-2027 (USD Billion)

8.6.9.2    Market Estimates & Forecast Analysis, By Fuel Type, 2019-2027 (USD Billion)

8.6.9.3    Market Estimates & Forecast Analysis, By Ship Type, 2019-2027 (USD Billion)

8.6.9.4   Market Estimates & Forecast Analysis, By Component, 2019-2027(USD Billion)

Chapter 9   Competitive Analysis

9.1    Key Global Players, Recent Developments & their Impact on the Industry

9.2    Four Quadrant Competitor Positioning Matrix

9.2.1    Key Innovators

9.2.2    Market Leaders

9.2.3    Emerging Players

9.2.4    Market Challengers

9.3    Vendor Landscape Analysis

9.4    End-User Landscape Analysis

9.5    Company Market Share Analysis, 2021

Chapter 10   Company Profile Analysis

10.1    ABB Ltd.

10.1.1    Company Overview

10.1.2    Financial Analysis

10.1.3    Strategic Initiatives

10.1.4    Product Benchmarking

10.2    Wartsila

10.2.1    Company Overview

10.2.2    Financial Analysis

10.2.3    Strategic Initiatives

10.2.4    Product Benchmarking

10.3     Honeywell

10.3.1    Company Overview

10.3.2    Financial Analysis

10.3.3    Strategic Initiatives

10.3.4    Product Benchmarking

10.4    L3 ASV

10.4.1    Company Overview

10.4.2    Financial Analysis

10.4.3    Strategic Initiatives

10.4.4    Product Benchmarking

10.5    Kongsberg Gruppen

10.5.1    Company Overview

10.5.2    Financial Analysis

10.5.3    Strategic Initiatives

10.5.4    Product Benchmarking

10.6     Marine Technologies LLC

10.6.1    Company Overview

10.6.2    Financial Analysis

10.6.3    Strategic Initiatives

10.6.4    Product Benchmarking

10.7    Mitsui O.S.K

10.7.1    Company Overview

10.7.2    Financial Analysis

10.7.3    Strategic Initiatives

10.7.4    Product Benchmarking

10.8    Line

10.8.1    Company Overview

10.8.2    Financial Analysis

10.8.3    Strategic Initiatives

10.8.4    Product Benchmarking

10.9   Northrop Grumman

10.9.1    Company Overview

10.9.2    Financial Analysis

10.9.3    Strategic Initiatives

10.9.4    Product Benchmarking

10.10   Rolls-Royce

10.10.1    Company Overview

10.10.2    Financial Analysis

10.10.3    Strategic Initiatives

10.10.4    Product Benchmarking

10.11   Ulstein Group ASA

10.11.1    Company Overview

10.11.2    Financial Analysis

10.11.3    Strategic Initiatives

10.11.4    Product Benchmarking

10.12   Other Companies

10.12.1    Company Overview

10.12.2    Financial Analysis

10.12.3    Strategic Initiatives

10.12.4    Product Benchmarking

List of Tables

1 Technological Advancements In Autonomous Ships Market

2 Global Autonomous Ships Market: Key Market Drivers

3 Global Autonomous Ships Market: Key Market Challenges

4 Global Autonomous Ships Market: Key Market Opportunities

5 Global Autonomous Ships Market: Key Market Restraints

6 Global Autonomous Ships Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

8 Semi-autonomous: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

9 Fully-autonomous: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

10 Global Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

11 Carbon Neutral Fuels: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

12 LNG: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

13 Electric: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

14 Heavy Fuel Oil/Marine Engine Fuel: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

15 Global Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

16 Commercial: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

17 Passenger: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

18 Defense: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

19 Global Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

20 Hardware: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

21 Software: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

22 Regional Analysis: Global Autonomous Ships Market, By Region, 2019-2027 (USD Billion)

23 North America: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

24 North America: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

25 North America: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

26 North America: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

27 North America: Autonomous Ships Market, By Country, 2019-2027 (USD Billion)

28 U.S: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

29 U.S: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

30 U.S: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

31 U.S: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

32 Canada: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

33 Canada: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

34 Canada: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

35 Canada: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

36 Mexico: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

37 Mexico: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

38 Mexico: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

39 Mexico: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

40 Europe: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

41 Europe: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

42 Europe: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

43 Europe: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

44 Germany: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

45 Germany: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

46 Germany: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

47 Germany: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

48 UK: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

49 UK: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

50 UK: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

51 UK: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

52 France: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

53 France: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

54 France: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

55 France: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

56 Italy: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

57 Italy: Autonomous Ships Market, By T Fuel Type Ype, 2019-2027 (USD Billion)

58 Italy: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

59 ltaly: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

60 Spain: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

61 Spain: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

62 Spain: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

63 Spain: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

64 Rest Of Europe: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

65 Rest Of Europe: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

66 Rest Of Europe: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

67 Rest of Europe: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

68 Asia Pacific: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

69 Asia Pacific: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

70 Asia Pacific: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

71 Asia Pacific: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

72 Asia Pacific: Autonomous Ships Market, By Country, 2019-2027 (USD Billion)

73 China: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

74 China: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

75 China: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

76 China: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

77 India: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

78 India: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

79 India: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

80 India: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

81 Japan: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

82 Japan: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

83 Japan: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

84 Japan: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

85 South Korea: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

86 South Korea: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

87 South Korea: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

88 South Korea: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

89 Middle East & Africa: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

90 Middle East & Africa: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

91 Middle East & Africa: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

92 Middle East & Africa: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

93 Middle East & Africa: Autonomous Ships Market, By Country, 2019-2027 (USD Billion)

94 Saudi Arabia: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

95 Saudi Arabia: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

96 Saudi Arabia: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

97 Saudi Arabia: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

98 UAE: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

99 UAE: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

100 UAE: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

101 UAE: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

102 Central & South America: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

103 Central & South America: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

104 Central & South America: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

105 Central & South America: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

106 Central & South America: Autonomous Ships Market, By Country, 2019-2027 (USD Billion)

107 Brazil: Autonomous Ships Market, By Level of Autonomy, 2019-2027 (USD Billion)

108 Brazil: Autonomous Ships Market, By Fuel Type, 2019-2027 (USD Billion)

109 Brazil: Autonomous Ships Market, By Ship Type, 2019-2027 (USD Billion)

110 Brazil: Autonomous Ships Market, By Component, 2019-2027 (USD Billion)

111 ABB Ltd.: Products Offered

112 Wartsila: Products Offered

113 Honeywell: Products Offered

114 L3 ASV: Products Offered

115 Kongsberg Gruppen: Products Offered

116 Marine Technologies LLC: Products Offered

117 Mitsui O.S.K: Products Offered

118 Line: Products Offered

119 Northrop Grumman: Products Offered

120 Rolls-Royce: Products Offered

121 Ulstein Group ASA: Products Offered

122 Other Companies: Products Offered

List of Figures

1. Global Autonomous Ships Market  Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Autonomous Ships Market: Penetration & Growth Prospect Mapping

7. Global Autonomous Ships Market: Value Chain Analysis

8. Global Autonomous Ships Market  Drivers

9. Global Autonomous Ships Market  Restraints

10. Global Autonomous Ships Market  Opportunities

11. Global Autonomous Ships Market  Challenges

12. Key Autonomous Ships Market  Manufacturer Analysis

13. Global Autonomous Ships Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. ABB Ltd.: Company Snapshot

16. ABB Ltd.: Swot Analysis

17. Wartsila: Company Snapshot

18. Wartsila: Swot Analysis

19. Honeywell: Company Snapshot

20. Honeywell: Swot Analysis

21. L3 ASV: Company Snapshot

22. L3 ASV: Swot Analysis

23. Kongsberg Gruppen: Company Snapshot

24. Kongsberg Gruppen: Swot Analysis

25. Marine Technologies LLC: Company Snapshot

26. Marine Technologies LLC: Swot Analysis

27. Mitsui O.S.K: Company Snapshot

28. Mitsui O.S.K: Swot Analysis

29. Line: Company Snapshot

30. Line: Swot Analysis

31. Northrop Grumman: Company Snapshot

32. Northrop Grumman: Swot Analysis

33. Rolls-Royce: Company Snapshot

34. Rolls-Royce: Swot Analysis

35. Ulstein Group ASA: Company Snapshot

36. Ulstein Group ASA: Swot Analysis

37. Other Companies: Company Snapshot

38. Other Companies: Swot Analysis

The Global Autonomous Ships Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Autonomous Ships Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global autonomous ships market is projected to grow from USD 86.5 Billion in 2022 to USD 162.8 Billion by 2027 at a CAGR value of 6.9% from 2022 to 2027.
ABB Ltd., L3 ASV, Honeywell International, Kongsberg Gruppen, Marine Technologies LLC, Mitsui O.S.K, Line, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, Wartsila, Sea Machines Robotics, Inc., Neptec Technologies Corp., Intel Corporation, Google LLC (Google), Shone Automation Inc., and Buffalo Automation among others are the key players in the autonomous ships market.
The COVID-19 pandemic has hit the trade and tourism sector drastically, with most countries closing their borders due to the contagious nature of the coronavirus disease. However, autonomous ships provide a better alternative to traditional vessels due to their lesser dependence on humans for functioning. The social distancing norms can be followed with the help of autonomous ships as they reduce contact in freightage and minimize the probability of spreading the coronavirus. The spread of COVID-19 has also encouraged the shipping industry to look for digital technologies to continue functioning efficiently. In response to the growing concerns around the spread of the coronavirus, the shipping industry has primarily adopted artificial intelligence and marine technologies in marine transportation. The post-pandemic period would increase the need for autonomous ships due to their beneficial features of reducing human dependence and errors.
The market will be driven during the forecast period by the increasing demand for fuel efficiency in marine transportation, the rising need for technologies to reduce marine collisions, and the growing demand for maritime transport for trade and tourism.
The transportation and logistics industry has seen severe disruptions in its activity owing to the conflict between Russia and Ukraine. Disruption in trade routes owing to blockades in the Black Sea and other shipping routes has seen a fall in demand for shipping through seaways. With major shipping companies stopping services to and from Russia, the demand for marine services is expected to fall in the two countries.

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