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Autonomous Ships Market By Type (Partially Autonomous Ships, Fully Autonomous Ships), By Application (Commercial, Military & Security) – Growth, Future Prospects, And Competitive Analysis, 2016 – 2028

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Market Insights

The concept of autonomous cargo ships has been into existence since decades. The concept has gained momentum with the advent of advanced sensor technology, enabling the development of driverless cars and unmanned aircraft. Autonomous ships are unmanned vessels that are operated remotely from control stations onshore. This virtually eliminates the need for any human personnel onboard. Autonomous ships are based on three basic components: sensor combination, control algorithm, and communication. Sensor combination includes fusing different radars, thermal imaging sensors, LiDAR, visual cameras, and several other sensors. The data gathered from all of the aforementioned devices is used to gain an accurate perspective of the surrounding conditions. The control algorithm is designed to analyze the data gathered from the sensor network for navigation and collision avoidance. Finally, the communication module is responsible for satellite and control station connectivity.

The overall autonomous ships market is expected to be driven by the enhanced operation offered by these vessels over conventional manual vessels. Autonomous ships are believed to be capable of reducing operating costs by nearly 20%. In addition, autonomous ships eliminate the possibility of human errors, thereby reducing the number of accidents. Furthermore, market growth is also expected from the rising military budgets for unmanned systems. Rising technological advancement is estimated to substantially boost the adoption of autonomous ships across the defense sector. Nevertheless, the lack of a regulatory framework and the threat of cyber-attacks pose significant challenges to market growth.

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Autonomous Ships Market Drivers

Growing demand for logistics and transportation services, rising interest in unmanned ships for maritime use, and increasing investment in research and development for autonomous navigation are some major factors influencing the market.

Some of the key vendors in the autonomous ships market are Rolls-Royce plc (UK), Damen Shipyards Group (The Netherlands), STX Offshore & Marine Co., Ltd. (South Korea), Mitsubishi Heavy Industries, Ltd. (Japan), and Kawasaki Heavy Industries Ltd. (Japan).

Autonomous Ships Market Restraint

The lack of competition and increased investment by a few companies is expected to restrain the growth of the autonomous ships market.

Additionally, these ships use satellites for navigation, increasing cyber threats’ risk. Furthermore, the current regulatory framework, which now lacks clear guidelines and requirements for the design and operation, restricts the use of these ships on a larger scale. Also, during the anticipated period, the high investment made by a few significant companies is anticipated to hinder the market’s expansion for autonomous ships. This is because they have made significant infrastructure and R&D investments, which will slow down their ability to quickly enter and compete in this market. 

Challenge in Autonomous Ships Market

Even with the development of autonomous ships, the industry faces several challenges. For one, there is a need for reliable and accurate sensors that can sense and identify objects around them. Additionally, there is a need for algorithms that automatically make decisions in order to avoid collisions and other unforeseen events. The biggest challenge is the lack of regulation—there are few guidelines or standards that govern how autonomous ships should be tested before they are allowed on the ocean. Another challenge is cost—it’s expensive to build and operate an autonomous ship; only a small percentage of companies can compete in this market because only these companies have enough capital to do so.

COVID-19 impact on the Autonomous Ships Market

The COVID-19 pandemic has had a significant impact on the autonomous ships market. Large shipping companies operate the majority of autonomous ships. These companies invest a lot in the development of autonomous ships, and this has been affected by the pandemic. The initial impact was on the supply of sensors and cameras, as manufacturers stopped producing these items because they were unsure how the pandemic would affect their quality. However, this disruption has also led to new innovations in the field of autonomous shipping. 

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The report titled “Global Autonomous Ships Market- Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global autonomous ships market along with the market size and estimates for the duration of 2015 to 2025. The said research study covers an in-depth analysis of multiple market segments based on type, application, and cross-sectional study across different geographies and sub-geographies. In addition, the study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of autonomous ships, market positioning, and key developments. Some of the major players profiled in the report are Kongsberg Gruppen ASA, Rolls-Royce Holdings Plc, Automated Ships Ltd., Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co., ASV Global, and Vigor Industrial.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the autonomous ships industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides:

  • A holistic view of the global autonomous ships market.
  • Offering market size and estimates for the period from 2016 to 2028.
  • Keeping in mind the above-mentioned factors.

The autonomous ships market is segmented, based on application, into the following categories

  • Commercial
  • Military and Security

In 2016, the commercial application segment led the overall autonomous ships market worldwide. As a result, the segment accounted for a considerably large share in the total revenue generated globally. Because of the large number of existing cargo ships cruising worldwide, this segment is expected to continue dominating the overall autonomous ships market throughout the forecast period. Nevertheless, the rising adoption of autonomous ships in the military and security applications such as mine countermeasures, anti-submarine and maritime security is expected to drive the demand for the ships in this segment.

The autonomous ships market has been segmented, on the basis of geographical regions, as per the following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Greece
    • Norway
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Singapore
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa (MEA)
    • Latin America

In 2016, Asia Pacific represented the largest market for autonomous ships in terms of revenue. The region is principally supported by countries such as China, Japan, and South Korea. With the rising adoption of autonomous ships in commercial applications across India and Southeast Asia countries, the demand for autonomous ships is projected to rise perpetually in the following years. As a result, Asia Pacific would continue to dominate the overall autonomous ships market throughout the forecast period, expanding with a healthy growth rate. Europe followed the Asia Pacific, in terms of revenue, in the overall autonomous ships market worldwide. During the forecast period, the autonomous ships market is expected to witness the fastest growth in the European region.

Chapter 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 Assumptions
1.3.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Autonomous Ships Market
2.2 Global Autonomous Ships Market, By Type
2.3 Global Autonomous Ships Market, By Application
2.4 Global Autonomous Ships Market, By Geography

Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y)
3.2 Market Inclination Insights
3.2.1 Heavy research and development in autonomous ships
3.3 Market Drivers
3.3.1 Enhanced operation of autonomous ships over manual ships
3.3.2 Increasing expenditure over autonomous vehicles from the defense sector
3.4 Challenges
3.4.1 Security threats and regulatory framework
3.5 Future Prospects
3.6 See-Saw Analysis
3.6.1 Impact Analysis of Drivers and Restraints

Chapter 4 Global Autonomous Ships Market, By Type
4.1 Overview
4.1.1 Global Autonomous Ships Market Revenue Share, By Type, 2016 & 2028 (% Value)
4.1.2 Attractive Investment Proposition, By Type
4.2 Partially Autonomous Ships
4.2.1 Global Partially Autonomous Ships Market Revenue, 2016 – 2028, (US$ Bn)
4.3 Fully Autonomous Ships
4.3.1 Global Fully Autonomous Ships Market Revenue, 2016 – 2028, (US$ Bn)

Chapter 5 Global Autonomous Ships Market, By Application
5.1 Overview
5.1.1 Global Autonomous Ships Market Revenue Share, By End-use Application, 2016 & 2028 (% Value)
5.1.2 Attractive Investment Proposition, By Application
5.2 Commercial
5.2.1 Global Autonomous Ships Market Revenue for Commercial Applications, 2016 – 2028, (US$ Bn)
5.3 Military & Security
5.3.1 Global Autonomous Ships Market Revenue for Military & Security Applications, 2016 – 2028, (US$ Bn)

Chapter 6 North America Autonomous Ships Market Analysis
6.1 Overview
6.1.1 North America Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
6.2 North America Autonomous Ships Market Analysis, By Type, 2016 – 2028 (US$ Bn)
6.2.1 SRC Analysis
6.3 North America Autonomous Ships Market Analysis, By End-use Application, 2016 – 2028 (US$ Bn)
6.3.1 SRC Analysis
6.4 North America Autonomous Ships Market Analysis, By Country, 2016 – 2028 (US$ Bn)

Chapter 7 Europe Autonomous Ships Market Analysis
7.1 Overview
7.1.1 Europe Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
7.2 Europe Autonomous Ships Market Analysis, By Type, 2016 – 2028 (US$ Bn)
7.2.1 SRC Analysis
7.3 Europe Autonomous Ships Market Analysis, By End-use Application, 2016 – 2028 (US$ Bn)
7.3.1 SRC Analysis
7.4 Europe Autonomous Ships Market Analysis, By Country, 2016 – 2028 (US$ Bn)

Chapter 8 Asia Pacific Autonomous Ships Market Analysis
8.1 Overview
8.1.1 Asia Pacific Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
8.2 Asia Pacific Autonomous Ships Market Analysis, By Type, 2016 – 2028 (US$ Bn)
8.2.1 SRC Analysis
8.3 Asia Pacific Autonomous Ships Market Analysis, By End-use Application, 2016 – 2028 (US$ Bn)
8.3.1 SRC Analysis
8.4 Asia Pacific Autonomous Ships Market Analysis, By Country, 2016 – 2028 (US$ Bn)
8.4.1 SRC Analysis

Chapter 9 Rest of the World Autonomous Ships Market Analysis
9.1 Overview
9.1.1 Rest of the World Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
9.2 Rest of the World Autonomous Ships Market Analysis, By Type, 2016 – 2028 (US$ Bn)
9.2.1 SRC Analysis
9.3 Rest of the World Autonomous Ships Market Analysis, By End-use Application, 2016 – 2028 (US$ Bn)
9.3.1 SRC Analysis
9.4 Rest of the World Autonomous Ships Market Analysis, By Country, 2016 – 2028 (US$ Bn)

Chapter 10 Company Profiles
10.1 Competitive Landscape
10.1.1 Market Positioning of Autonomous Ships Market Vendors
10.1.2 Leading player’s strategies
10.2 Kongsberg Gruppen ASA
10.2.1 Kongsberg Gruppen ASA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.3 Rolls-Royce Holdings Plc
10.3.1 Rolls-Royce Holdings Plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.4 Automated Ships Ltd.
10.4.1 Automated Ships Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.5 Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co.
10.5.1 Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.6 ASV Global
10.6.1 ASV Global: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
10.7 Vigor Industrial
10.7.1 Vigor Industrial: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

 

List of Figures

FIG. 1 Global Autonomous Ships Market: Research Methodology
FIG. 2 Top-Down and Bottom Up Approach
FIG. 3 Global Autonomous Ships Market, By Type, 2016 (US$ Bn)
FIG. 4 Global Autonomous Ships Market, By Application, 2016 (US$ Bn)
FIG. 5 Global Autonomous Ships Market, By Geography, 2016 (US$ Bn)
FIG. 6 Global Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y)
FIG. 7 See-Saw Analysis : Global Autonomous Ships Market
FIG. 8 Global Autonomous Ships Market Revenue Share, By Type, 2016 & 2028 (% Value)
FIG. 9 Attractive Investment Proposition, By Type
FIG. 10 Global Partially Autonomous Ships Market Revenue, 2016 – 2028, (US$ Bn)
FIG. 11 Global Fully Autonomous Ships Market Revenue, 2016 – 2028, (US$ Bn)
FIG. 12 Global Autonomous Ships Market Revenue Share, By End-use Application, 2016 & 2028 (% Value)
FIG. 13 Attractive Investment Proposition, By Application
FIG. 14 Global Autonomous Ships Market Revenue for Commercial Applications, 2016 – 2028, (US$ Bn)
FIG. 15 Global Autonomous Ships Market Revenue for Commercial Applications, 2016 – 2028, (US$ Bn)
FIG. 16 North America Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
FIG. 17 Europe Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
FIG. 18 Asia Pacific Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
FIG. 19 Rest of the World Autonomous Ships Market Revenue and Growth, 2016 – 2028, (US$ Bn) (Y-o-Y %)
FIG. 20 Market Positioning of Key Autonomous Ships Market Profiles

List of Tables

TABLE 1 Market Snapshot: Global Autonomous Ships Market

TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Autonomous Ships Market Revenue, By Type, 2016 – 2028 (US$ Bn)
TABLE 5 North America Autonomous Ships Market Revenue, By End-use Application, 2016 – 2028 (US$ Bn)
TABLE 6 North America Autonomous Ships Market Revenue, By Country, 2016 – 2028 (US$ Bn)
TABLE 7 Europe Autonomous Ships Market Revenue, By Type, 2016 – 2028 (US$ Bn)
TABLE 8 Europe Autonomous Ships Market Revenue, By End-use Application, 2016 – 2028 (US$ Bn)
TABLE 9 Europe Autonomous Ships Market Revenue, By Country, 2016 – 2028 (US$ Bn)
TABLE 10 Asia Pacific Autonomous Ships Market Revenue, By Type, 2016 – 2028 (US$ Bn)
TABLE 11 Asia Pacific Autonomous Ships Market Revenue, By End-use Application, 2016 – 2028 (US$ Bn)
TABLE 12 Asia Pacific Autonomous Ships Market Revenue, By Country, 2016 – 2028 (US$ Bn)
TABLE 13 Rest of the World Autonomous Ships Market Revenue, By Type, 2016 – 2028 (US$ Bn)
TABLE 14 Rest of the World Autonomous Ships Market Revenue, By End-use Application, 2016 – 2028 (US$ Bn)
TABLE 15 Rest of the World Autonomous Ships Market Revenue, By Country, 2016 – 2028 (US$ Bn)
TABLE 16 Kongsberg Gruppen ASA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 17 Rolls-Royce Holdings Plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 18 Automated Ships Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 19 Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 20 ASV Global: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 21 Vigor Industrial: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Questions

What is the size of Autonomous Ships Market?

The market for Autonomous Ships is expected to reach US$ 56.75 Bn in 2028.

What is the Autonomous Ships Market CAGR?

The Autonomous Ships market is expected to see significant CAGR growth over the coming years, at 12.8%.

What is the Forecast period considered for Autonomous Ships Market?

The report is forecasted from 2016-2028.

What is the base year considered for Autonomous Ships Market?

The base year of this report is 2017.

Who are the major players in this market?

Kongsberg Gruppen ASA, Rolls-Royce Holdings Plc, Automated Ships Ltd., Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co., ASV Global and Vigor Industrial. are some of the major players in the global market.

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