Home / Aerospace & defense / Autonomous Electric Ship Market by Level of Autonomy (Semi-Autonomous, Fully-Autonomous) by Ship Type (Commercial, Passenger, Defense) by Fuel Type (Carbon Neutral Fuels, LNG, Electric Batteries, Heavy fuel Oil/Marine Engine Fuel) by Component (Hardware, Software): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Autonomous Electric Ship Market by Level of Autonomy (Semi-Autonomous, Fully-Autonomous) by Ship Type (Commercial, Passenger, Defense) by Fuel Type (Carbon Neutral Fuels, LNG, Electric Batteries, Heavy fuel Oil/Marine Engine Fuel) by Component (Hardware, Software): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: Jun 2021 | Report Code: 60384-06-21

The Autonomous Electric Ship Market is expected to cross market value of USD 1,47,488 million in 2027 from USD 88,900 million in 2020. It is expected to grow at a CAGR of over 7.5% during the forecast period.

Key Market Drivers and Restraints

Increasing demand for autonomous electric ships due to increase in tourism activities, rising automation and growth in per capita income. Moreover, rising seaborne trade and recreational events across the globe is expected to drive the demand for autonomous electric ships. Furthermore, increasing demand to promote efficient operations in the maritime division is expected to increase the demand for autonomous electric ship in the near future.

Automation in electric ships across the globe increases the risks of cyber threats and the use of Big Data analytics for the growth of smart ships is projected to improve the operational safety and efficiency of the vessels. Though, this automation is anticipated to reduce the ships vulnerable to threats from hackers.

Impact of COVID 19

Governments of several countries have enforced national lockdowns, as a protective measure to limit the spread of the coronavirus disease. This has disrupted strategic autonomous electric ships projects across the globe. The pandemic has interrupted the supply of equipment and expert labor in the market. Furthermore, the contract period for the manufacturing of ships has increased significantly.

Asia Pacific to Dominate the Global Autonomous Electric Ship Market

The global Autonomous Electric Ship Market covers the six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. Asia Pacific market is dominated the global market, due to increasing maritime trade, growing demand for ships to transport manufactured goods across the globe. Rising number of ships has improved the demand for autonomous electric ships in the Asia Pacific region.

Global Autonomous Electric Ship Market is led by the Commercial

Commercial, Passenger and Defense are the key Ship Type in the Autonomous Electric Ship Market. In 2020, Commercial segment is accounted for the largest share of Autonomous Electric Ship Market, due to rising seaborne trade and tourism globally.

Fully autonomous would continue to dominate the Global Autonomous Electric Ship Market in terms of Level of Autonomy

Semi-Autonomous and Fully-Autonomous are some of the major types of Level of Autonomy. Fully autonomous segment accounted for the largest share in 2020 of the Autonomous Electric Ship Market in 2020. This is attributed to the increased investments in developing autonomous electric ships.

Frequently asked questions about global Autonomous Electric Ship market

  • What are the consequences of COVID 19 on global Autonomous Electric Ship?
    Ans: The pandemic has disrupted the supply of new equipment and skilled labor in the market
  • Which is the key Level of Autonomys through Autonomous Electric Ship?
    Ans: Semi-Autonomous and Fully-Autonomous are the most frequently through Autonomous Electric Ship
  • Which is the key Ship Type through which Autonomous Electric Ship occurs?
    Ans: Commercial is the most Ship Type in Autonomous Electric Ship
  • Who are the key players in the global Autonomous Electric Ship ?
    Ans: Northrop Grumman, Rolls-Royce, Ulstein Group ASA, Wartsila., ABB Ltd., Google LLC (Google) are key players operating in this market
  • Which is the fastest growing Furl Type segment for global Autonomous Electric Ship?
    Ans: Carbon Neutral Fuels offers tremendous opportunities to players
  • Which is the leading regional market for global Autonomous Electric Ship?
    Ans: Asia Pacific has the largest share owing to investments in sea tourism industry is increasing at a rapid pace.
  • What will be the CAGR (2021 - 2027) of in global Autonomous Electric Ship?
    Ans: The market is anticipated to grow at a CAGR of 7.5% throughout the forecast period
  • Which are the major factors driving the growth of global Autonomous Electric Ship?
    Ans: Rising demand to safe and efficient operations in the maritime division is likely to boost the demand for autonomous ships in the near future

Table of Content
1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Autonomous Electric Ship Market

3.Market Dynamics
3.1.Introduction
3.1.1. Global Autonomous Electric Ship Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Level of Autonomy
3.3.2.Ship Type
3.3.3.Fuel Type
3.3.4.Geography

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Autonomous Electric Ship Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Autonomous Electric Ship Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Semi-Autonomous
6.2.3.Fully-Autonomous
6.3.North America Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Commercial
6.3.3.Passenger
6.3.4.Defense
6.4.North America Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Carbon Neutral Fuels
6.4.3.LNG
6.4.4.Electric Batteries
6.4.5.Heavy fuel Oil/Marine Engine Fuel

7.Europe
7.1.Europe Autonomous Electric Ship Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Semi-Autonomous
7.2.3.Fully-Autonomous
7.3.Europe Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Commercial
7.3.3.Passenger
7.3.4.Defense
7.4.Europe Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Carbon Neutral Fuels
7.4.3.LNG
7.4.4.Electric Batteries
7.4.5.Heavy fuel Oil/Marine Engine Fuel

8.Asia Pacific
8.1.Asia Pacific Autonomous Electric Ship Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Semi-Autonomous
8.2.3.Fully-Autonomous
8.3.Asia Pacific Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Commercial
8.3.3.Passenger
8.3.4.Defense
8.4.Asia Pacific Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Carbon Neutral Fuels
8.4.3.LNG
8.4.4.Electric Batteries
8.4.5.Heavy fuel Oil/Marine Engine Fuel

9.Latin America
9.1.Latin America Autonomous Electric Ship Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Semi-Autonomous
9.2.3.Fully-Autonomous
9.3.Latin America Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Commercial
9.3.3.Passenger
9.3.4.Defense
9.4.Latin America Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Carbon Neutral Fuels
9.4.3.LNG
9.4.4.Electric Batteries
9.4.5.Heavy fuel Oil/Marine Engine Fuel

10.Middle East
10.1.Middle East Autonomous Electric Ship Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Semi-Autonomous
10.2.3.Fully-Autonomous
10.3.Middle East Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Commercial
10.3.3.Passenger
10.3.4.Defense
10.4.Middle East Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Carbon Neutral Fuels
10.4.3.LNG
10.4.4.Electric Batteries
10.4.5.Heavy fuel Oil/Marine Engine Fuel

11.Africa
11.1.Africa Autonomous Electric Ship Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Semi-Autonomous
11.2.3.Fully-Autonomous
11.3.Africa Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Commercial
11.3.3.Passenger
11.3.4.Defense
11.4.Africa Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Carbon Neutral Fuels
11.4.3.LNG
11.4.4.Electric Batteries
11.4.5.Heavy fuel Oil/Marine Engine Fuel

12.Global
12.1.Global Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Semi-Autonomous
12.1.3.Fully-Autonomous
12.2.Global Autonomous Electric Ship Market, By Ship Type, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Commercial
12.2.3.Passenger
12.2.4.Defense
12.3.Global Autonomous Electric Ship Market, by Fuel Type, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Carbon Neutral Fuels
12.3.3.LNG
12.3.4.Electric Batteries
12.3.5.Heavy fuel Oil/Marine Engine Fuel

13.Company Profiles
13.1.Northrop Grumman
13.2.Rolls-Royce
13.3.Ulstein Group ASA
13.4.Wartsila.
13.5.ABB Ltd.
13.6.Google LLC (Google)
13.7.Shone Automation Inc.
13.8.Buffalo Automation
13.9.L3 ASV
13.10.Honeywell International
13.11.Robotics, Inc.
13.12.Kongsberg Gruppen
13.13.Marine Technologies LLC
13.14.Mitsui O.S.K. Lines
13.15.Neptec Technologies Corp.
13.16.Intel Corporation

List of Figures

FIG. 1 Global Autonomous Electric Ship Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Autonomous Electric Ship Market Segmentation

FIG. 4 Global Autonomous Electric Ship Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Autonomous Electric Ship Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Autonomous Electric Ship Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Autonomous Electric Ship Market Manufacturers, 2019

FIG. 9 Global Autonomous Electric Ship Market Value Contribution, By Level of Autonomy, 2019 & 2027 (Value %)

FIG. 10 Global Autonomous Electric Ship Market, by Level of Autonomy 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Autonomous Electric Ship Market, by Level of Autonomy 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Autonomous Electric Ship Market, by Level of Autonomy 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Autonomous Electric Ship Market, by Level of Autonomy 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Autonomous Electric Ship Market, by Level of Autonomy 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Autonomous Electric Ship Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Autonomous Electric Ship Market Value Contribution, By Ship Type, 2019 & 2027 (Value %)

FIG. 17 Global Autonomous Electric Ship Market, by Ship 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Autonomous Electric Ship Market, by Ship 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Autonomous Electric Ship Market, by Ship 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 24 France Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 27 China Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 28 India Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Autonomous Electric Ship Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Autonomous Electric Ship Market

TABLE 2 Global Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 3 Global Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 4 Global Autonomous Electric Ship Market, by Fuel Type, 2015-2027 (US$ Bn)

TABLE 5 Global Autonomous Electric Ship Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 7 North America Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 8 North America Autonomous Electric Ship Market, by Country, 2015-2027 (US$ Bn)

TABLE 9 Europe Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 10 Europe Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 11 Europe Autonomous Electric Ship Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Autonomous Electric Ship Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 16 Latin America Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 17 Latin America Autonomous Electric Ship Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 19 Middle East Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 20 Middle East Autonomous Electric Ship Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Autonomous Electric Ship Market, by Level of Autonomy, 2015-2027 (US$ Bn)

TABLE 22 Africa Autonomous Electric Ship Market, by Ship Type, 2015-2027 (US$ Bn)

TABLE 23 Africa Autonomous Electric Ship Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 Northrop Grumman: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Rolls-Royce: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Ulstein Group ASA,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 Wartsila.,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 ABB Ltd.,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  Google LLC (Google): Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 , Shone Automation Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Buffalo Automation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 L3 ASV: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Honeywell International: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Robotics, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Kongsberg Gruppen: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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