Autonomous Ships Market

Global Autonomous Ships Market Size (2024 to 2032)

The global autonomous ships market was valued at USD 4.50 billion in 2023 and is anticipated to reach USD 4.93 billion in 2024 from USD 10.27 billion by 2032, growing at a CAGR of 9.60% during the forecast period 2024 to 2032.

Autonomous ships are ships built remotely, in which all operations are carried out by people located on the high seas. There is a need for a reliable and high-quality communication system between unmanned ships and coasts. Autonomous Ships are based on integrated sensor technology, control algorithms, communication, and connection processes. Similarly, they take advantage of the fusion of dynamic location data and navigation, marine automation, satellite, and location references. The control system used for autonomous lines is based on RADAR technology. An independent ship control system is connected to the simulator. Autonomous transport uses control algorithms to generate detailed 3D maps of the operational area to ensure safe operation. The sensors are used to identify problematic conditions, such as unexpected objects at sea, dangerous weather conditions, or collision risks.

Market Growth

The market is driven by factors such as the increase in world maritime trade, the increase in marine navigation, the increased demand for autonomous security ships, and the rise in tourism.

Market Drivers 

Most sea casualties are caused by human error. This is a severe problem, and Autonomous Ships are introduced to overcome this. The autonomous ship is designed with higher load capacity and lower wind resistance, which reduces human error, and the number of accidents and improves operations and process optimization. Meanwhile, the crew payment and the lack of crew accommodation provide financial savings. The driving force behind the autonomous ships market is that it can solve many of the problems associated with maritime transport, such as bad weather and criminal activity. In ship design, you can also use space efficiently, increase fuel efficiency and shorten transport time. 

In the autonomous ship market, there are special tools to perform essential tasks such as energy monitoring, equipment status monitoring, analysis, and remote maintenance of autonomous vessels, along with a high level of security. During the forecast period, the autonomous ship business will allow wireless observation and control operations. To operate a ship remotely, you need a sophisticated decision support system. In terms of advanced technology, the demand for the autonomous driving market is expected to increase within the predicted period.

Market Restraints

But the control system involved in the autonomous ship market is a very complicated process. As a person operates the control system on the coast, it is possible to make mistakes. These factors can slow the growth of the global market.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Autonomous Ships Market Analysis By Autonomy

Since complete autonomous vessels are expected to be marketed by 2020, market sales were mainly driven by semi-autonomous vessels. The ship is preinstalled with components and systems such as sensors and navigation systems, which play a vital role in smooth operations.

Global Autonomous Ships Market Analysis By Solution

The systems and software sectors occupied the dominant market share in 2018 as the implementation of automation systems increased in already manufactured vessels.

Global Autonomous Ships Market Analysis By Ship Type 

The commercial sector dominated the market, and as cargo shipments increased, the demand for ships and sailors increased, which increased operating costs, accelerating the adoption of more automation systems for commercial ships. The system is expected to reduce segmentation costs and provide more space for cargo, driving segment growth in the coming years.

REGIONAL ANALYSIS

Countries in Europe, such as Norway, Germany, Russia, Sweden, and the United Kingdom, are making significant investments in this field as investments in commercial and military autonomous vessels increase. 

In terms of revenue, the Asia-Pacific autonomous ship market dominated the business in 2018 and is predicted to maintain market dominance during the forecast period. Most of the region's growth can be attributed to countries like China, which are some of the best shipping countries in the world. China has a commanding market position as the most considerable bulk and container port. 

Europe's autonomous ship market is estimated to see the fastest CAGR during the forecast period due to the increased demand for cruise ships and autonomous vessels in the region. In addition, Europe has the most shipowners in the world. These shipowners are contributing to regional growth as the adoption of autonomous systems and components to modernize existing vessels increases.

Leading Company

Rolls-Royce and Kongsberg Gruppen are the main market players involved in contracts and acquisitions to increase sales of automation systems and autonomous vessels for a variety of applications.

KEY MARKET PLAYERS

Yara, Rolls-Royce, Kongsberg, Spotify, Uber, Airbnb, ASV Global, Mitsui O.S.K, Lines/Mitsui Engineering & Shipbuilding Co., Automated Ships Ltd., K-MATE, Hronn, Vigor Industrial. These are the market players that are dominating the global autonomous ships market.

RECENT HAPPENINGS IN THE GLOBAL AUTONOMOUS SHIPS MARKET

• Yara Birkeland is a 120-container autonomous container ship currently under construction. Yarra International initially plans to launch a crewed vessel in 2020. With the consistent implementation of independent functions, ships are presumed to conduct autonomous uncrewed operations by 2022.
• In December 2018, Rolls-Royce, one of the pioneers of autonomous technology, worked with Finnish, Finland's state ferry operator, to successfully demonstrate the world's first fully autonomous ferry, Falco.
• Based in Norway, DNV GL participates in many projects for autonomous vessels. One of these projects is the NFAS (Norwegian Autonomous Ship Forum), which has the support of the Norwegian government.
• Rolls-Royce and Intel have partnered to design sophisticated, intelligent transport systems. These smart connected and advanced data-based systems are foreseen to improve the safety of commercial vessels for owners, operators, cargo owners, and ports.
• In December 2017, Rolls-Royce and Mitsui O.S.K. The line announced that they had begun a joint study of an intelligent advisory-type recognition (IAS) system that detects obstacles near vessels equipped with advanced sensors and provides immediate operational support information to personnel on board.

DETAILED SEGMENTATION OF THE GLOBAL AUTONOMOUS MARKET INCLUDED IN THIS REPORT

This research report on the global autonomous market is segmented and sub-segmented into the following categories.

By Autonomy

• Semi-Autonomous
• Remotely Controlled
• Fully Autonomous

By Solution

• Systems
• Software
• Structures

By Ship Type 

• Commercial
• Passenger
• Defense

By Region

• North America
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa