Autonomous Ships Market Report by Component (Hardware, Software), Level of Autonomy (Semi-Autonomous, Fully-Autonomous), Fuel Type (Carbon Neutral Fuel, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oil (HFO)), Installation (OEM, Retrofit), Ship Type (Commercial Ships, Defense Ships, Passenger Ships), and Region 2024-2032

Autonomous Ships Market Report by Component (Hardware, Software), Level of Autonomy (Semi-Autonomous, Fully-Autonomous), Fuel Type (Carbon Neutral Fuel, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oil (HFO)), Installation (OEM, Retrofit), Ship Type (Commercial Ships, Defense Ships, Passenger Ships), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4618
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Market Overview:

The global autonomous ships market size reached US$ 102.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 172.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 102.1 Billion
Market Forecast in 2032
US$ 172.9 Billion
Market Growth Rate (2024-2032) 5.8%


Autonomous ships are technologically advanced watercrafts embedded with radio detection and ranging (RADAR), light detection and ranging (LIDAR), high-definition cameras, thermal imaging, and sonar. They assist the operating system in making decisions and reduce crew sizes to minimize the need for accommodation, simplify the design, increase cargo carrying capacity and lower building costs. As they make shipping safer by decreasing accidents, the demand for autonomous ships is escalating around the world.

Autonomous Ships Market Trends:

Presently, there is a rise in cargo shipping as it finds extensive application in transporting different goods to distant geographical locations. This, in confluence with the increasing marine accidents on account of human errors, resulting in financial losses and harm to the marine ecosystem, represents one of the key factors catalyzing the demand for autonomous ships across the globe. Apart from this, a high degree of isolation and the unattractive nature of the job is restricting millennials worldwide from becoming seafarers. This, along with the growing requirement of seagoing professionals for maritime trading, acts as another factor influencing the demand for unmanned ships positively. Furthermore, the integration of artificial intelligence (AI) and robotics with autonomous ships and advancements in sensor technologies for improved navigation systems is creating a favorable market outlook. Moreover, leading market players are focusing on incorporating the Internet of Things (IoT) and other innovative technologies to reduce the environmental footprint of maritime traffic and improve the efficiency of autonomous marine ventures. Other major factors, including a significant rise in seaborne trade, increase in maritime tourism, and extensive investments in research and development (R&D) activities to develop reliable and cost-effective functioning of unmanned vessels, are anticipated to impel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global autonomous ships market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, level of autonomy, fuel type, installation and ship type.

Breakup by Component:

  • Hardware
  • Software
     

Breakup by Level of Autonomy:

  • Semi-Autonomous
  • Fully-Autonomous
     

Breakup by Fuel Type:

  • Carbon Neutral Fuel
  • Liquefied Natural Gas
  • Electric Batteries
  • Heavy Fuel Oil (HFO)
     

Breakup by Installation:

  • OEM
  • Retrofit
     

Breakup by Ship Type:

  • Commercial Ships
  • Defense Ships
  • Passenger Ships
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, BAE Systems plc, DNV AS, General Electric Company, Honeywell International Inc., Kongsberg Gruppen, L3Harris Technologies Inc., Mitsui & Co. Ltd., Rolls-Royce plc, Samsung Heavy Industries Co. Ltd., Siemens AG, Ulstein Group ASA, Valmet Oyj and Wärtsilä.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Level of Autonomy, Fuel Type, Installation, Ship Type, Region
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd, BAE Systems plc, DNV AS, General Electric Company, Honeywell International Inc., Kongsberg Gruppen, L3Harris Technologies Inc., Mitsui & Co. Ltd., Rolls-Royce plc, Samsung Heavy Industries Co. Ltd., Siemens AG, Ulstein Group ASA, Valmet Oyj and Wärtsilä
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global autonomous ships market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global autonomous ships market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the level of autonomy?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the installation?
  • What is the breakup of the market based on the ship type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global autonomous ships market and who are the key players?
  • What is the degree of competition in the industry?

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Autonomous Ships Market Report by Component (Hardware, Software), Level of Autonomy (Semi-Autonomous, Fully-Autonomous), Fuel Type (Carbon Neutral Fuel, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oil (HFO)), Installation (OEM, Retrofit), Ship Type (Commercial Ships, Defense Ships, Passenger Ships), and Region 2024-2032
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