Autonomous Ship Market By Level of Autonomy (Semi-Autonomous and Fully-Autonomous), By Ship Type (Commercial, Passenger, and Defence), By Fuel Type (Carbon Neutral Fuels, LNG, Electric Batteries, and Heavy fuel Oil/Marine Engine Fuel), By Components (Hardware and software), Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019-2026

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The global autonomous ship market is estimated to reach $6.24 billion in 2018 and is projected to reach $10.89 by 2026 with a CAGR of 7.2% from 2019 to 2026.
  • Market Definition

    The global autonomous ship market is estimated to reach $6.24 billion in 2018 and is projected to reach $10.89 by 2026 with a CAGR of 7.2% from 2019 to 2026.

    An autonomous ship is unmanned and functions autonomously as a type of sea drone. These ships are monitored and handled by utilizing one of the specialized tool Artificial Intelligence (AI). Artificial Intelligence is expected to be a growth factor in the autonomous sector. Further, it is also predicted to create enormous opportunities and take a lead in the market. According to the study most of the marine incidents are witnessed in the past that relates to humans and this is one of the key aspects for the rise in the idea of autonomous ships.

    Market Determinants

    High adaptability of automation among industries, rising demand for cargo transportation through marine, and surge in operational safety and awareness in ships are the primary drivers of the market. Moreover, autonomous ships are safer than the sailing of humans as there is a lesser risk of human errors. Autonomous ships run through the software that manages the movements of the ship. These further propel the market growth of autonomous ships.

    However, high risk is associated with automation due to misuse of hacking and a high burden of data with chances of cyber threats might hamper the market growth. In addition, a high initial investment in technology is a stumbling block that limits the growth of the market. Moreover, emerging reforms for the development of autonomous ships and secure marine policies coupled globally would provide lucrative opportunities for the market in the coming years.

    Market Segmentation

    The global autonomous ship market is segmented based on the level of autonomy, ship type, fuel type, and component. The level of autonomy is further classified into semi-autonomous and fully-autonomous. By ship type, the market is divided into commercial, passenger and defense. By fuel type, the market is further categorized into carbon-neutral fuels, LNG, electric batteries, and heavy fuel oil/marine engine fuel. By components, the global autonomous ship market is segregated as hardware and software.

    Based on ship types, the commercial segment is expected to grant immense growth opportunities in the coming years. Further, the industry experts have commented that this segment will record the highest growth rate annually i.e. CAGR in the upcoming years owing to different sets of autonomous ships utilized for marine trade.

    Regional Segmentation

    Based on geography, the global autonomous ship market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

    By geography, Europe is predicted to take a forefront leader in the autonomous ship market in the forecast period. As of now, it has witnessed dormant growth for autonomous ships in Europe but it is exhibited by the experts that this region will mark its resemblance and will create numerous growth opportunities in the coming time due to high adaptability and incoming investments targeting this region.

    Competitive Players

    Key players operating in the autonomous ship industry include ABB Ltd., Honeywell International, Kongsberg Gruppen, L3 ASV, Marine Technologies LLC, Mitsui O.S.K. Lines, Northrop Grumman, Rolls-Royce, Ulstein Group ASA, and Wartsila among others.

    Among the Marine Product Family of Honeywell International, one of the trending marine solution designed by Honeywell include Honeywell’s ‘LASEREF’. The ‘LASEREF’ is a product that is cost-feasible with a longer shelf life. The product also perfectly fits industry standards and specifications. Furthermore, ‘LASEREF’ marine systems are available in three performance versions. This further includes ‘LASEREF Marine Inertial Navigation System’ (INS), ‘LASEREF Marine Attitude & Heading Reference Unit’ (AHRS), and ‘LASEREF Marine Stabilized Gyrocompass’ (SG).

    Furthermore, on October 21, 2019- ABB signs a contract with Singaporean shipyard Keppel Offshore & Marine that was publicly announced in front of the press. The contract signing was carried out to introduce autonomous tug operations by 2020. The collaborators will design technology for autonomous vessels and retrofit a 32-meter harbor tugboat for operating it digitally that will be fullfledged rolled on the Port of Singapore at the end of 2020.

    Autonomous Ship Market Key Segments:

    By Level of Autonomy

    • Semi-Autonomous
    • Fully-Autonomous

    By Ship type

    • Commercial
    • Passenger
    • Defence

    By Fuel type

    • Carbon Neutral Fuels
    • LNG
    • Electric Batteries
    • Heavy fuel Oil/Marine Engine Fuel

    By Components

    • Hardware
    • software

    By Geography

    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • U.K
      • Germany
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • GCC Countries
      • Egypt
      • South Africa
      • Rest of Middle East & Africa
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  • Table of Content

    1. Market Introduction
    1.1. Executive Summary
    1.2. Market Definition
    1.3. Market Scope

    2. Research Methodology
    2.1. Primary Research
    2.2. Research Methodology
    2.3. Assumptions & Exclusions
    2.4. Secondary data sources

    3. Autonomous Ship Market Overview
    3.1. Report Segmentation & Scope
    3.2. Key Market Trend
    3.3. Drivers
    3.3.1. High adaptability of automation among industries
    3.3.2. Rising demand for cargo transportation through marine
    3.3.3. Surge in operational safety and awareness in ships
    3.4. Restraints
    3.4.1. High risk is associated with automation due to misuse of hacking
    3.4.2. High burden of data with chances of cyber threats
    3.5. Opportunities
    3.5.1. Emerging policies for the development of autonomous ships
    3.5.2. Secure marine policies globally
    3.6. Porter’s Five Forces Analysis
    3.6.1. Porter’s Five Forces Analysis
    3.7. Market Share Analysis

    4. Level of Autonomy Overview
    4.1. Introduction
    4.1.1. Market Size & Forecast
    4.2. Semi-Autonomous
    4.2.1. Market Size & Forecast
    4.3. Fully-Autonomous
    4.3.1. Market Size & Forecast

    5. Ship type Overview
    5.1. Introduction
    5.1.1. Market Size & Forecast
    5.2. Commercial
    5.2.1. Market Size & Forecast
    5.3. Passenger
    5.3.1. Market Size & Forecast
    5.4. Defence
    5.4.1. Market Size & Forecast

    6. Fuel type Overview
    6.1. Introduction
    6.1.1. Market Size & Forecast
    6.2. Carbon Neutral Fuels
    6.2.1. Market Size & Forecast
    6.3. LNG
    6.3.1. Market Size & Forecast
    6.4. Electric Batteries
    6.4.1. Market Size & Forecast
    6.5. Heavy fuel Oil/Marine Engine Fuel
    6.5.1. Market Size & Forecast

    7. Components Overview
    7.1. Introduction
    7.1.1. Market Size & Forecast
    7.2. Hardware
    7.2.1. Market Size & Forecast
    7.3. software
    7.3.1. Market Size & Forecast

    8. Autonomous Ship Market Regional Overview
    8.1. Introduction
    8.1.1. Market Size & Forecast
    8.2. North America Autonomous Ship Market
    8.2.1. North America Market Size & Forecast, By Country
    8.2.2. North America Market Size & Forecast, By Level of Autonomy
    8.2.3. North America Market Size & Forecast, By Ship type
    8.2.4. North America Market Size & Forecast, By Fuel type
    8.2.5. North America Market Size & Forecast, By Components
    8.2.6. U.S.
    8.2.6.1. Market Size and Forecast
    8.2.7. Canada
    8.2.7.1. Market Size and Forecast
    8.2.8. Mexico
    8.2.8.1. Market Size and Forecast
    8.3. Europe Autonomous Ship Market
    8.3.1. Europe Market Size & Forecast, By Country
    8.3.2. Europe Market Size & Forecast, By Level of Autonomy
    8.3.3. Europe Market Size & Forecast, By Ship type
    8.3.4. Europe Market Size & Forecast, By Fuel type
    8.3.5. Europe Market Size & Forecast, By Components
    8.3.6. Germany
    8.3.6.1. Market Size and Forecast
    8.3.7. France
    8.3.7.1. Market Size and Forecast
    8.3.8. UK
    8.3.8.1. Market Size and Forecast
    8.3.9. Italy
    8.3.9.1. Market Size and Forecast
    8.3.10. Spain
    8.3.10.1. Market Size and Forecast
    8.3.11. Rest of Europe
    8.3.11.1. Market Size and Forecast
    8.4. Asia-Pacific Autonomous Ship Market
    8.4.1. Asia-Pacific Market Size & Forecast, By Country
    8.4.2. Asia-Pacific Market Size & Forecast, By Level of Autonomy
    8.4.3. Asia-Pacific Market Size & Forecast, By Ship type
    8.4.4. Asia-Pacific Market Size & Forecast, By Fuel type
    8.4.5. Asia-Pacific Market Size & Forecast, By Components
    8.4.6. Japan
    8.4.6.1. Market Size and Forecast
    8.4.7. China
    8.4.7.1. Market Size and Forecast
    8.4.8. Australia
    8.4.8.1. Market Size and Forecast
    8.4.9. India
    8.4.9.1. Market Size and Forecast
    8.4.10. South Korea
    8.4.10.1. Market Size and Forecast
    8.4.11. Rest of Asia-Pacific
    8.4.11.1. Market Size and Forecast
    8.5. South America Autonomous Ship Market
    8.5.1. South America Market Size & Forecast, By Country
    8.5.2. South America Market Size & Forecast, By Level of Autonomy
    8.5.3. South America Market Size & Forecast, By Ship type
    8.5.4. South America Market Size & Forecast, By Fuel type
    8.5.5. South America Market Size & Forecast, By Components
    8.5.6. Brazil
    8.5.6.1. Market Size and Forecast
    8.5.7. Argentina
    8.5.7.1. Market Size and Forecast
    8.5.8. Rest of South America
    8.5.8.1. Market Size and Forecast
    8.6. Middle East & Africa Autonomous Ship Market
    8.6.1. Middle East & Africa Market Size & Forecast, By Country
    8.6.2. Middle East & Africa Market Size & Forecast, By Level of Autonomy
    8.6.3. Middle East & Africa Market Size & Forecast, By Ship type
    8.6.4. Middle East & Africa Market Size & Forecast, By Fuel type
    8.6.5. Middle East & Africa Market Size & Forecast, By Components
    8.6.6. GCC Countries
    8.6.6.1. Market Size and Forecast
    8.6.7. Egypt
    8.6.7.1. Market Size and Forecast
    8.6.8. South Africa
    8.6.8.1. Market Size and Forecast
    8.6.9. Rest of Middle East & Africa
    8.6.9.1. Market Size and Forecast

    9. Company Profile
    9.1. ABB Ltd.
    9.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
    9.1.2. ABB Ltd. Product Category, Application, and Specification
    9.1.3. ABB Ltd. Financial Performance (2016-2018)
    9.1.4. Main Business/Business Overview
    9.2. Honeywell International
    9.3. Kongsberg Gruppen
    9.4. L3 ASV
    9.5. Marine Technologies LLC
    9.6. Mitsui O.S.K. Lines
    9.7. Northrop Grumman
    9.8. Rolls-Royce
    9.9. Ulstein Group ASA
    9.10. Wartsila

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  • Key Global Autonomous Ship Industry Players

    • ABB Ltd.
    • Honeywell International
    • Kongsberg Gruppen
    • L3 ASV
    • Marine Technologies LLC
    • Mitsui O.S.K. Lines
    • Northrop Grumman
    • Rolls-Royce
    • Ulstein Group ASA
    • Wartsila
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  • Full in-depth analysis of the parent Industry
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  • Segmentation details of the market
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  • Key strategies of major players
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