The Global Autonomous Ships Market size was valued at USD 6.57 billion in 2019 and is predicted to reach USD 10.74 billion by 2030, with a CAGR of 4.5% from 2020-2030. Autonomous ships are semi-automatic or fully-automatic crewless ships, technologically designed to operate with minimum or no human intervention. Fully-autonomous ships are equipped with sensors, GPS navigation, propulsion, auxiliary and other required software, as well as hardware systems that assist the ship in operating as per the environmental condition. On the other hand, semi-autonomous ships are partially automated and they require human interference from off board control units. Benefits offered by autonomous ships such as: decreased labour costs, reduced risk of accidents, cost-effective and reliable functioning, as well as easy operations with higher efficacy; are expected to drive the growth of autonomous ships market, throughout the forecast period. Market Segmentations and Scope of the Study: The global autonomous ships market share has been analyzed based on autonomy level, fuel type, ship type, component, and geography.Based on autonomy level, the market is segmented into semi-autonomous and fully-autonomous. Based on fuel type, the market is fragmented into carbon neutral fuels, LNG, electric batteries, and heavy fuel oil/marine engine fuel. Based on ship type, the market is classified into commercial, passenger, and defense. Based on component, the autonomous ships market is classified into hardware and software. Geographic breakdown and analysis of each of the previously mentioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW. Request
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https://www.nextmsc.com/autonomous-ships-market/request-sample Geographical Analysis North America is estimated to account for the major market share in the global autonomous ships market, owing to the increase in overseas trade and cargo. Furthermore, presence of advanced technology, well-established infrastructures, surging marine tourism and high per capita income are the factors anticipated to drive the autonomous ships market growth. Asia Pacific dominated the global autonomous ships market in the past, but the trend is expected to change during the forecast period. Factors such as growing demand for commercial ships, increasing exports in global trade, presence of harbour in more numbers, as well as evolving emerging economies specifically India and China, are expected in propagating the autonomous ships market growth throughout the forecast period. Europe is expected to demonstrate a substantial growth in the autonomous ships market, witnessing the highest CAGR values, due to growing demand for cruisers, presence of huge number of ship owners, and conversion of traditional ships into autonomous ships.
Inquire before buying- https://www.nextmsc.com/autonomous-ships-market/inquirebefore-buying Competitive Landscape The autonomous ships market is highly competitive and consists of various market players. Some of the major market players include L3 ASV, ABB Ltd., Honeywell International, Marine Technologies LLC, Kongsberg Gruppen, Mitsui O.S.K. Lines, Rolls-Royce, Northrop Grumman, Buffalo Automation, Ulstein Group ASA, Sea Machines Robotics, Inc., Wartsila, Neptec Technologies Corp., Google LLC (Google), Intel Corporation, and Shone Automation Inc. among others. The key players are employing strategies such as product launches, acquisition, and technical collaboration, in-order to gain stronger position in the global autonomous ships market. For instance, in September 2019, L3Harris Technologies, one of the key players in autonomous ships market announced the launch of its brand-new class of Autonomous Surface Vehicle (ASV) equipped with advanced capabilities, aimed at assisting United Kingdom’s Royal Navy to comprehend the maintenance of technical advantage over potential adversaries. In December 2019, Sea Machines Robotics, Inc., one of the leading companies in autonomous ships market, collaborated with HamiltonJet to reinforce its autonomous-control and jet propulsion systems. The amalgamation of jet systems and sea machines for commercial vessels enables the owner to enhance the operational capabilities, precise station-keeping, increased maneuverability, and allows even emergency stops. In January 2020, Kongsberg Gruppen., one of the major players in autonomous ships market, announced that it had received a 20.1 million Euro investment from Horizon 2020, an EU research program for its Norwegian autonomous-ship project named ‘AUTOSHIP,’ with an objective to install, monitor, and test two vessels in different operational environments. AUTOSHIP is a four-year Horizon 2020 project, set to be fulfilled by the collaboration of major giants viz. KONGSBERG and SINTEF, along with the participation of several European partners and under the support of the Research Council Organization of Norway. About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts. For more insights, please visit: https://www.nextmsc.com
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