Autonomous Ships Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Autonomous Ships Market size was valued at USD 6.1 billion in 2023 and is expected to grow at over 10% CAGR between 2024 and 2032. The increasing availability and reliability of satellite communication and other advanced connectivity solutions are enabling real-time data exchange and remote monitoring of autonomous ships. This enhanced connectivity allows for better coordination, route optimization, and timely maintenance, leading to improved operational efficiency and cost savings.

The integration of Internet of Things (IoT) devices and advanced analytics further supports the growth of autonomous shipping by providing valuable insights and predictive maintenance capabilities. For instance, in May 2023, AI and sophisticated autonomous surface vehicles (ASVs) were being made available to present and future marine defense programs by L3Harris Technologies in collaboration with BigBear.ai.

The overall industry is divided into ship type, autonomy, offering, end-user, propulsion and region.

Based on ship type, the market is divided into commercial and military. The commercial segment is anticipated to register 10% CAGR during 2024-2032. This segment involves passenger vessels and cargo vessels, which contribute to market growth. The commercial segment of the autonomous ships market focuses on integrating autonomous technologies into various commercial shipping applications, including cargo transportation, bulk shipping, and container handling. This segment also enhances the efficiency, safety, and cost-effectiveness of maritime operations by using autonomous systems for route optimization, cargo handling, and vessel management.

Based on autonomy, the autonomous ships market is classified into semi-autonomous, fully autonomous, and remotely operated. The fully autonomous segment is anticipated to reach over USD 5 billion by 2032. The fully autonomous segment represents a transformative shift in maritime operations, indicated by vessels that work without human intervention on board. These ships leverage advanced technologies such as AI, machine learning, and sensor systems to navigate, make decisions, and perform tasks autonomously.

Asia-Pacific led the global autonomous ships market in 2023, accounting for a share of over 30%. The region is experiencing significant growth in the market due to its strategic importance in global trade and shipping. Countries, such as Japan, China, and South Korea are leading the charge with substantial investments in R&D of autonomous maritime technologies. The strong shipbuilding sector and advanced technological capabilities are driving the development and deployment of autonomous vessels in the region.

Product Code: 10580

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Enhanced connectivity and integration
  - 3.8.1.2 Support from maritime stakeholders
  - 3.8.1.3 Military and defense applications
  - 3.8.1.4 Rising demand for efficient shipping
  - 3.8.1.5 Adoption of digital twins
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Regulatory and legal challenges
  - 3.8.2.2 High initial costs
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Ship Type, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Commercial
- 5.2.1 Passenger vessels
- 5.2.2 Cargo vessels
5.3 Military

Chapter 6 Market Estimates and Forecast, By Autonomy, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Semi-Autonomous
6.3 Fully autonomous
6.4 Remotely operated

Chapter 7 Market Estimates and Forecast, By Offering, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Hardware
- 7.2.1 Sensors (Radar, Lidar, Cameras)
- 7.2.2 Navigation systems (GPS, Inertial Navigation)
- 7.2.3 Propulsion systems
- 7.2.4 Communication systems
7.3 Software
- 7.3.1 Fleet management software
- 7.3.2 Data analysis software
- 7.3.3 Others
7.4 Service

Chapter 8 Market Estimates and Forecast, By End-User, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Line-fit and newbuild
8.3 Retrofit

Chapter 9 Market Estimates and Forecast, By Propulsion, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 Fully electric
9.3 Hybrid
9.4 Conventional

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 ABB Ltd.
11.2 Aselsan A.S.
11.3 Bae Systems
11.4 Dnv GL
11.5 Fugro
11.6 General Electric
11.7 Honeywell International Inc.
11.8 Hyundai Heavy Industries
11.9 Kongsberg Maritime
11.10 L3Harris Technologies
11.11 Mitsui E&S Shipbuilding Co., Ltd.
11.12 Northrop Grumman Corporation
11.13 Praxis Automation Technology B.V.
11.14 RH Marine
11.15 Rolls-Royce Plc
11.16 Samsung Heavy Industries Co., Ltd.
11.17 Sea Machines Robotics, Inc.
11.18 Siemens AG
11.19 Ulstein
11.20 Valmet
11.21 Vigor Industrial LLC
11.22 Wartsila