The global autonomous ships market size was USD 6.40 billion in 2020.The market is expected to grow from USD 6.55 billion in 2021 to USD 12.07 billion in 2028 at a CAGR of 9.13% in the 2021-2028 period.This information is published by Fortune Business Insights, in its report, titled, “Autonomous Ships Market, 2021-2028.”As per our analysts, the inclusion of the latest and ground-breaking technologies in ships is a factor that bolsters the market growth as well as product demand.

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Segmentation:

Autonomy, Size, Ship Type, Ship Type, and Region are studied for the Market

On the basis of autonomy, the market is segregated into partial automation, remotely operated, and fully autonomous. Among these, the remotely operated segment held maximum share in 2020.

In terms of size, the market is sub-categorized into hardware and software.

Based on ship type, the market is branched into commercial and defense.

By end user, the market is divided into line fit and retrofit.

The market is studied across North America, Europe, Asia Pacific, and the rest of the world in terms of geography.

Report Coverage:

The report presents treasured under standings gained through detailed review conducted by our expert analysts. A methodical research was carried out to offer the assessed size of this market. The data utilized to display the shares for multiple segments at national, domestic, as well as international stages is gained from exhaustive interviews with various experts. Additionally, we have obtained admission to numerous global as well as domestic-funded records to offer accurate information to make capitalization choices effortless for our clients.

 

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Regional Insights:

Asia Pacific held the largest autonomous ships market share and led the market in 2020. The growth is accredited to the prompt economic expansion and rising maritime trade throughout the region.

Europe is estimated to display notable growth during 2021-2028. The growth is owing to the surging investments on autonomous ships ventures from numerous European nations.

North America is anticipated to demonstrate substantial growth on account of the growing capitalization in expansion of advance autonomous vessels for commercial as well as defense uses.

List of Key Players Mentioned in the Autonomous Ships Market Report: 

  • ABB (Switzerland)
  • ASELSAN A.Ş. (Turkey)
  • BAE Systems (U.K.)
  • Fugro (Netherlands)
  • GE (U.S.)
  • Honeywell International Inc. (U.S.)
  • Kongsberg Maritime (Norway)
  • L3Harris Technologies, Inc. (U.S.)
  • Northrop Grumman (U.S.)
  • Rolls-Royce plc (U.K)
  • Siemens Energy (Germany)
  • Wärtsilä (Finland)

Competitive Landscape:

Major Players Concentrate on Extension Policies to Strengthen their Market Positions

Manufacturers are emphasizing on employing numerous marketing tactics such as mergers, and collaborations and acquisitions of other businesses to gain a substantial position and competitive edge in the global market.

Detailed Table of Content

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments –Mergers, Acquisitions and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Supply Chain Analysis
  • Quantitative Insights- Impact of COVID-19 Pandemic on Autonomous Ships Market
    • Impact of COVID-19 on Global Autonomous ShipsMarket
    • Steps Taken by Industry/Companies/Governments to Overcome the Impact
    • Potential Opportunities Due to COVID-19 Outbreak

TOC Continued…!

Industry Developments:

March 2021:Kongsberg Maritime got involved in anagreement with the Institute of Marine Research (IMR) for the distribution of four autonomous vessels. Below the deal, the company is set topresent two Kongsberg autonomous underwater automobiles and two Sounder unmanned surface automotive.

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