Autonomous Ships Market - Trends Forecast Till 2028

Market Overview

The global autonomous ships market size is estimated to be valued at USD 85.84 billion in 2020, registering a CAGR of 4.8% from 2021 to 2028.

Autonomous ships also known as crewless ships are equipped with the software & hardware without human interference. The components such as sensors, automated navigation, propulsion & auxiliary systems, GPS tracker, and others, present in the ships help to make decision in accordance with the environment. Moreover, the partially automated ships are controlled & monitored through the off-board control centers with the interference of humans. In addition, autonomous ships have their complete operations controlled by the advanced operating systems, which enables it to take decisions and actions by itself.

Demand for smart and autonomous ships, which can reduce human involvement in the operation is the major factor that has supported long-term expansion for Autonomous Ships Market.

Unlike other industries, the shipping industry have also suffered due to the COVID-19 disease. According to estimations from the International Chamber of Shipping (world's principal shipping organization, which represents around 80% of the world's merchant tonnage, through membership by national shipowners’ associations), every month roughly 100,000 seafarers reach the end of their employment contract and need to be repatriated.

Regional Analysis

Asia-Pacific will drive the growth of the autonomous ships market due to the high number of ship ownership and autonomous driving. Moreover, the demand for these features will increase due to improved safety requirements in the Asia-Pacific.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• ABB
• GENERAL ELECTRIC
• Vigor Industrial LLC.
• Honeywell International Inc.
• Rolls-Royce plc
• Wärtsilä
• KONGSBERG
• Siemens
• Hyundai Heavy Industries Co., Ltd.
• Marine Technologies LLC
• Praxis Automation Technology B.V.
• L3Harris Technologies, Inc.
• Northrop Grumman.
• Mitsui E&S Holdings Co., Ltd.
• DNV GL
• Fugro
• Valmet
• ASELSAN A.Ş.
• BAE Systems.

Recent Developments

• Kongsberg Maritime signed a contract with China Merchants Jinling Shipyard (Weihai) to provide propulsion and manoeuvring system for two roll-ons, roll-off passenger (RoPax) vessels under construction for Finnlines. The two 230m-long vessels will be deployed in the Baltic Sea by 2023 after they are delivered.
• Kongsberg Maritime and Massterly, a Kongsberg Wilhelmsen joint venture, signed contracts with the leading Norwegian grocery distributor ASKO to equip two new vessels with autonomous technology and manage their operations at sea.

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Report Scope