Global Autonomous Ships Market Bwc19376
Global Autonomous Ships Market Size, By Type (Commercial, Passenger, and Defense), By Fuel Type (Carbon Neutral Fuels, LNG, Electric Batteries, and Heavy fuel Oil/Marine Engine Fuel), By End Use (Line-fit, and Retrofit), By Component (Hardware, and Software), By Autonomy (Partially Autonomous, Remotely Controlled Ship, and Fully Autonomous), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: January 2020
- Report ID: BWC19376
- Available Format: PDF
- Page: 180
Report Overview
Global
Autonomous Ships Market Overview:
Autonomous ships are the next generation vessels with no
crewmembers onboard, which is directed from a shore-operating center. The shore
masters and engineers monitor and control ship navigation and performance with
the help of detectors, sensors, high-resolution cameras, and advanced satellite
communication systems. The components such as sensors, automated navigation,
propulsion, auxiliary systems, GPS tracker, and others present in the ship,
help in deciding per the environment.
Global
Autonomous Ships Market Forecast and Trends
The global Autonomous Ships Market is anticipated to grow
nearly at a CAGR of 4.4 % and expected to reach USD 14.7 Billion by 2026. The driving factor for the global
autonomous ships market is due to its ability to tackle several issues related
to marine transportation such as fatality, adverse climate situations, and
criminal activities. Moreover, it can use space in ship design efficiently,
better fuel effectiveness, and a decrease in transportation time. Global
autonomous ships market has a unique tool, which performs essential tasks such
as energy supervision, equipment health monitoring, and analytical and remote
maintenance for autonomous ships. Besides, it provides a higher level of
safety, as there is no possibility of human errors except technical issues.
A surge in demand for cargo transportation through
marines, and operational safety of ships boosting the growth of the market of
autonomous vessels. Improvement in marine infrastructure, particularly in
developing countries, and an increase in freight transport through marines is
opportunistic for the autonomous ships market expansion. Each of these factors
is anticipated to have a definite impact on the autonomous ships market during
the forecast period 2016-2026.
Growth
drivers
Increase
in Demand for Cargo Transportation through Marines
Surge in demand for the transportation of cargo through
waterways, due to the reason that the number of shipments is efficiently
transported to the other ports, owing to the safe and secure environment of
marine transportation. Besides, cargo ships are less expensive for transporting
goods to road and air transitions. Also, it can carry more cargo from one place
to another within a short duration.
Increase
in Operational Safety of Ships
Autonomous ships are equipped with technologies such as
artificial intelligence, IoT, cloud computing, and other advanced technologies
or their operations, which are remotely controlled from the control station on
land. It helps in reducing the number of accidents occur due to human error as
these autonomous ships are equipped with various advanced sensors, developed
radar, infrared cameras, automatic identification system, and LIDAR modules, and
others to provide safer operation of the vessel. Besides, grounding of ships,
shipyard accidents, tugboat accidents, cargo-hauling accidents, and others are
reduced to some extent by implementing automated features on ships. Hence,
developments in automation help in increasing the operational safety of
vessels.
Anticipated
Trend in Ships Transportation
The demonstrations and testing of autonomous ships of
large firms in the field of marine have propelled different countries to start
the production of autonomous vessels.
Restraints
Risk
of Exploitation by Hacking
The autonomous marine uses IoT technology, which is
connected to the internet. The hacker can misuse the navigational data through
hacking can bring severe issues to the ships. So, such risk in cargo ships is
anticipated to impede the autonomous ship's market growth.
Complexity
of the Network
The number of components is required for the proper
operations of the autonomous marine, which creates a complex structure for the
overall system and generates massive data. In the case of autonomous ships, the
navigation system depended on some third-party infrastructure such as satellite
communication, which further makes the network complex as the components are
fitted as per the demand of the service providers. Thus, the complexity of the
network and its high cost are the factors anticipated to hinder the autonomous
ship's market growth.
Global
Autonomous Ships Market: Type
Based on Type, the Autonomous Ships Market segmented into Commercial, Passenger, and Defense. Based on ship type, the commercial segment is expected to contribute the highest share during the forecast horizon due to a surge in the number of ships and implementation of a secure way to transport goods along with continuous upgradations and development. The passenger segment is anticipated to register the highest CAGR due to the increase in the adoption of technology along with the demand for automation in the transport sector.
Global
Autonomous Ships Market: Fuel Type
Based on Fuel Type, the Autonomous Ships Market
segregated into Carbon Neutral Fuels, LNG, Electric Batteries, and Heavy fuel
Oil/Marine Engine Fuel. The heavy fuel oil/marine engine fuel segment is
projected to maintain its dominant position throughout the forecast horizon,
due to its characteristics such as high density and high viscosity and
implementation of high alkaline cylinder lubrication for neutralizing the acid
generated by high Sulphur content in HFOs. The electric batteries segment
estimated to grow at the highest CAGR during the forecast period.
Global
Autonomous Ships Market: End Use
Based on End-use, the Autonomous Ships Market bifurcated
into Line-fit, and Retrofit. The line-fit segment of the autonomous ships
market expected to grow at the highest CAGR during the forecast period due to
the increasing seaborne trade across the world.
Global
Autonomous Ships Market: Component
Based on Component, the Autonomous Ships Market
bifurcated into Hardware and software. The software segment is expected to have
the highest growth due to the adoption of systems with in-built components such
as Artificial Intelligence, IoT, advanced navigation systems, and others to
improve the ship operation.
Global
Autonomous Ships Market: Autonomy
Based on Autonomy, the Autonomous Ships Market segregated
into Partially Autonomous, Remotely Controlled Ship, Fully Autonomous. Fully
Autonomous segment is anticipated to grow at a significant rate in the forecast
period 2016-2026 due to the less involvement of human, which will eventually
decrease the human error, and cut down the labor cost.
Global
Autonomous Ships Market: Regional insights
By geography, the global Autonomous Ships Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is expected to augment at the highest CAGR, owing to the adoption of autonomous technology in marine transport along with the implementation of new technologies in the region. Asia-Pacific is expected to maintain the highest revenue contribution during the forecast period due to the increase in the sale & production of ships and the constant adoption of trending technologies along with the speedy adoption of automation.
The
objective of the Study:
·
To analyze and forecast the global Autonomous
Ships Market size of the market, in terms of value.
·
To examine the careful market segmentation
and forecast the market size, in terms value, based on the region by segmenting
the Global Autonomous Ships Market into five regions, namely, North America,
Europe, Asia Pacific, Middle East, South America and their leading countries.
·
To outline, categorized and forecast the
global Autonomous Ships Market based on the Type, Fuel Type, End Use,
Component, and Autonomy.
·
To examine competitive developments like
technological advancement, services, and regulative framework within the global
Autonomous Ships Market.
·
To highlight the impact analysis of the
factors, affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
·
To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Scope
of the Report
By Type
•
Commercial
•
Passenger
•
Defense
By Fuel Type
•
Carbon Neutral Fuels
•
LNG
•
Electric Batteries
•
Heavy fuel Oil/Marine Engine Fuel
By End Use
•
Line-fit
•
Retrofit
By Component
•
Hardware
•
Software
By Autonomy
•
Partially Autonomous
•
Remotely Controlled Ship
•
Fully Autonomous
By Region:
•
North America
•
Europe
•
Asia Pacific (APAC)
•
Latin America
•
Middle East & Africa
Competitive
Landscape
•
Rolls-Royce
•
ABB Ltd.
•
Honeywell International
•
L3 ASV
•
Marine Technologies LLC
•
Kongsberg Gruppen
•
Northrop Grumman
•
Mitsui O.S.K. Lines
•
Ulstein Group ASA
•
Wartsila
•
Uber
•
Airbnb
•
Automated Ships Ltd.
•
K-MATE
•
ASV Global
•
Vigor Industrial
•
Other Prominent Players
Business
Questions answer by the report
•
How will the market drivers, restraints and
opportunities affect the market dynamics?
•
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
•
Which segment dominates the market or region
and one will be the fastest growing and why?
•
A comprehensive survey of the competitive
landscape and the market participant players.
•
Analysis of strategy adopted by the key
player and their impact on other players.
Customization
Scope for the Client
Client satisfaction is our first and last priority and
that is why BlueWeave Consulting offers customization according to Company’s
specific needs. The following customization options are available for the
report:
Additional
Company Information
•
With five additional company detail analysis
•
Additional country analysis
•
Detailed segment analysis
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents
2.5. Market
Size Estimation
2.6. Assumption
for the Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global Autonomous Ships Industry
Insights
4.1. Industry
Value Chain Analysis
4.2. DROC
Analysis
4.2.1.
Growth Drivers
4.2.2.
Restraints
4.2.3.
Opportunities
4.2.4.
Challenges
4.3. Technological
Landscape
4.4. Regulatory
Framework
4.5. Company
market share analysis,2019
4.6. Porter’s
Five forces analysis
4.6.1.
Bargaining Power of Suppliers
4.6.2.
Bargaining Power of Buyers
4.6.3.
Threat of New Entrants
4.6.4.
Threat of Substitutes
4.6.5.
Intensity of Rivalry
4.7. Strategic
Outlook
5. Global Autonomous Ships Market Overview
5.1. Market
Size & Forecast 201-2026
5.1.1.
By Value (USD)
5.2. Market
Share & Forecast
5.2.1.
By Type
5.2.1.1.
Commercial
5.2.1.2.
Passenger
5.2.1.3.
Defense
5.2.2.
By Fuel Type
5.2.2.1.
Carbon Neutral Fuels
5.2.2.2.
LNG
5.2.2.3.
Electric Batteries
5.2.2.4.
Heavy fuel Oil/Marine Engine Fuel
5.2.3.
By End Use
5.2.3.1.
Line-fi
5.2.3.2.
Retrofit
5.2.4.
By Component
5.2.4.1.
Hardware
5.2.4.2.
software
5.2.5.
By Autonomy
5.2.5.1.
Partially Autonomous
5.2.5.2.
Remotely Controlled Ship
5.2.5.3.
Fully Autonomous
5.2.6.
By Region
5.2.6.1.
North America
5.2.6.2.
Europe
5.2.6.3.
Asia Pacific
5.2.6.4.
Latin America
5.2.6.5.
Middle East & Africa
6. North America Autonomous Ships Market
6.1. Key
Regional Trends
6.2. Market
estimates & forecast
6.2.1.
By Type
6.2.2.
By Fuel Type
6.2.3.
By End Use
6.2.4.
By Component
6.2.5.
By Autonomy
6.2.6.
By Country
6.2.6.1.
U.S
6.2.6.2.
Canada
7. Europe Autonomous Ships Market
7.1. Key
Regional Trends
7.2. Market
estimates & forecast
7.2.1.
By Type
7.2.2.
By Fuel Type
7.2.3.
By End Use
7.2.4.
By Component
7.2.5.
By Autonomy
7.2.6.
By Country
7.2.6.1.
Germany
7.2.6.2.
U.K
7.2.6.3.
France
7.2.6.4.
Italy
7.2.6.5.
Spain
7.2.6.6.
Rest of Europe
8. Asia Pacific Autonomous Ships Market
8.1. Key
Regional Trends
8.2. Market
estimates & forecast
8.2.1.
By Type
8.2.2.
By Fuel Type
8.2.3.
By End Use
8.2.4.
By Component
8.2.5.
By Autonomy
8.2.6.
By Country
8.2.6.1.
China
8.2.6.2.
India
8.2.6.3.
Japan
8.2.6.4.
South Korea
8.2.6.5.
Rest of APAC
9. Latin America Autonomous Ships Market
9.1. Key
Regional Trends
9.2. Market
estimates & forecast
9.2.1.
By Type
9.2.2.
By Fuel Type
9.2.3.
By End Use
9.2.4.
By Component
9.2.5.
By Autonomy
9.2.6.
By Country
9.2.6.1.
Brazil
9.2.6.2.
Argentina
9.2.6.3.
Rest of Latin America
10.Middle East & Africa Autonomous
Ships Market
10.1.
Key Regional Trends
10.2.
Market estimates & forecast
10.2.1.
By Type
10.2.2.
By Fuel Type
10.2.3.
By End Use
10.2.4.
By Component
10.2.5.
By Autonomy
10.2.6.
By Country
10.2.6.1.
Saudi Arabia
10.2.6.2.
UAE
10.2.6.3.
South Africa
10.2.6.4.
Rest of MEA
11.Company Profile (Company Overview,
Financial Matrix, Key Product landscape, Key Personnel, Key Competitors,
Contact Address, and Strategic Outlook)*
11.1.
Rolls-Royce
11.2.
ABB Ltd.
11.3.
Honeywell International
11.4.
L3 ASV
11.5.
Marine Technologies LLC
11.6.
Kongsberg Gruppen
11.7.
Northrop Grumman
11.8.
Mitsui O.S.K. Lines
11.9.
Ulstein Group ASA
11.10.
Wartsila
11.11.
Uber
11.12.
Spotify
11.13.
Airbnb
11.14.
Automated Ships Ltd.
11.15.
K-MATE
11.16.
ASV Global
11.17.
Vigor Industrial
11.18.
Other Prominent Players
*Financial
Details Not Be Captured in Case of Unlisted Companies
**The
segmentation and the companies are subjected to modifications based on in-depth
secondary for the final deliverable
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.