Market Highlights

The growth of the global autonomous ships market can be attributed to the increasing adoption of connected smart ships as they offer numerous benefits such as vessel traffic management data and fleet health monitoring data. Furthermore, autonomous ships support various systems such as alarm management systems, navigation systems, and power management systems that assist sailors in experiencing enhanced safety and offer compliance to the maritime safety norms.

Factors such as increasing global seaborne trade and initiatives undertaken by the navies of various countries such as the US for developing autonomous ships are driving the market growth. However, the absence of skilled personnel to operate and handle marine automation systems and unclear regulatory framework for autonomous ships are expected to hamper the growth of the market.

The global autonomous ships market has been segmented based on ship type, autonomy, fit, solution, and region.

On the basis of ship type, the global autonomous ships market has been divided into commercial and defense. The commercial segment is expected to account for a larger market share during the forecast period and register a higher CAGR from 2019 to 2030. Increasing developments in the field of autonomous commercial shipping are driving the segment growth. For example, in 2018, ABB completed the trial of the remotely operated ferry, Suomenlinna II near Finland’s Helsinki harbor.

Key Players

The key players in the global autonomous ships market are Honeywell International, Inc. (US), General Electric (US), ABB (Switzerland), Hyundai Heavy Industries Co., Ltd (South Korea), Kongsberg Group (Norway), Ulstein Group ASA (Norway), Marlink (France), Rolls-Royce (UK), RH Marine (Netherlands), Valmet (Finland), Siemens AG (Germany), Marine Technologies, LLC (Norway), Wärtsilä (Finland), and Praxis Automation Technology BV (Netherlands).

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