Autonomous Ships Global Market Report 2022: Rise in the Seaborne Trades and the Growing Demand for Autonomous Ships That Can Minimize Human Interaction Drive Sector

December 29, 2022

Dublin, Dec. 29, 2022 (GLOBE NEWSWIRE) -- The "Autonomous Ships Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Level of Autonomy (Semi-Autonomous, Fully Autonomous), By Ship Type, By Fuel Type, By End Use, and By Region" report has been added to's offering.The global autonomous ships market is anticipated to register an impressive CAGR in the forecast period, 2023-2027. Factors such as the rise in the seaborne trades and the growing demand for autonomous ships that can minimize human interaction are primarily driving the demand for the global autonomous ships market. Also, the surge in demand for cargo transportation through marines and the need to ensure operational safety during transportation activities are expected to influence the market demand in the forecast period.Huge Number of Cargo Transportation Activities Drives the Market GrowthThere is a rise in the demand for cargo transportation activities using the waterways. Marine transportation is considered a safe and secure process as a large number of cargoes can be efficiently transported to other ports without any problems. It uses less time to transport the cargo from one place to another than road and airways and is considered less expensive to ship the goods. According to United Nations Conference on Trade and Development, approximately 80% of the volume of international goods is transported by sea and is widely used by developing countries. The market players are working on the modernization of the commercial vessels and are actively integrating advanced technologies like navigation systems and advanced sensors, amongst others, in the ships, which is expected to create the path for autonomous ships. Autonomous ships reduce human effort and are considered beneficial to ensure high operational safety during transportation activities. The growing demand to ensure an efficient transportation process through waterways is expected to fuel the demand for the global autonomous ships market over the forecast period.Growing focus on Operational Safety of Ships Fuels the Market GrowthAutonomous ships do not have any crew present to control the operations on the ship. The autonomous ships are equipped with advanced technologies, including artificial intelligence, cloud computing, the internet of things, and others, to control their operations. The other method to control the operations of autonomous ships is through the control station located on the land. Autonomous ships are able to control all the operations without any human interference, which ensures that the human error is less, and the accident rate is low. They are equipped with advanced sensors, developed radar and LIDAR modules, infrared cameras, and automatic identification systems to ensure the safe operation of ships. Also, cargo-hauling accidents, tugboat accidents, shipyard accidents, and other accidents can be significantly reduced to a greater extent by using autonomous ships. The need to improve the operational safety of ships during traveling and the growing popularity of connected technology is expected to propel the growth of the global autonomous ships market over the next five years.Report Scope:In this report, global autonomous ships market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Autonomous Ships Market, By Level of Autonomy: Semi-AutonomousFully Autonomous Autonomous Ships Market, By Ship Type: Bulk CarriersTankersPassenger & CruisesCargoContainersOthers Autonomous Ships Market, By Fuel Type: Carbon Neutral FuelsLiquefied Natural GasElectric BatteriesHeavy Fuel Oils (HFO) Autonomous Ships Market, By End Use: CommercialDefensePassenger Autonomous Ships Market, By Region: North AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanThailandIndonesiaAustraliaSouth KoreaEurope & CISGermanyFranceUnited KingdomSpainItalyNetherlandsRussiaPolandSouth AmericaBrazilArgentinaMiddle East & AfricaSaudi ArabiaIranIsraelUAETurkey Key Topics Covered: 1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Global Autonomous Ships Market5. Global Autonomous Ships Market Outlook6. North America Autonomous Ships Market Outlook7. Asia Pacific Autonomous Ships Market Outlook8. Europe & CIS Autonomous Ships Market Outlook9. South America Autonomous Ships Market Outlook10. Middle East and Africa Autonomous Ships Market Outlook11. Market Dynamics12. Market Trends and Developments13. Competitive Landscape14. Strategic RecommendationsCompanies Mentioned Northrop GrummanABB Ltd.L3 ASVMitsui O.S.K. LinesWartsilaMarine Technologies LLCKongsberg GruppenHoneywell InternationalUlstein Group ASARolls Royce For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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