Autonomous ships can independently control their actions while transporting goods from one port to another. Demand for autonomous ships is increasing in the marine sector mainly for economic and environmental reasons. The global Autonomous Ships market is anticipated to grow at a large scale in the forthcoming years. Several important factors such as rising automation, increasing tourism activities, and growing per capita income is increasing demand for autonomous ships. Eventually, it boosts the growth of the Autonomous Ships market progressively.
Additionally, a steady rise in seaborne trade and recreational activities around the globe is projected to fuel the demand for autonomous ships worldwide. This crucial factor further influences the growth of the market. Moreover, increasing demand to promote safe and efficient operations in the maritime sector is also expected to propel the demand for autonomous ships in the coming years. It ultimately contributes to the growth of the Autonomous Ships market.
Furthermore, many companies are focused on the development of full-size autonomous ships to obtain cargo vessels or even passenger vessel capabilities. This key factor creates several growth opportunities for the development of the Autonomous Ships market.
Covid-19 Impact on Autonomous Ships Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Autonomous Ships Market Segment Overview
Based on the Autonomy, the Fully Autonomous segment is anticipated to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased investments in developing autonomous ships in the European region especially in Scandinavian countries. According to Ship Type, the commercial segment has significant growth in the market. This is due to the expanding seaborne trade and tourism across the world.
Autonomous Ships Market, By Autonomy
· Fully Autonomous
· Remote Operations
· Partial Automation
Autonomous Ships Market, By Ship Type
- Commercial
- Bulk Carriers
- Gas Tankers
- Passenger & Cruises
- Dry Cargo
- Containers
- Others
- Defense
· OEM
· Retrofit
Autonomous Ships Market, By Propulsion
· Fully Electric
· Hybrid
· Conventional
Autonomous Ships Market Regional Overview
In terms of region, Europe commanded a major share of the Autonomous Ships market in 2019 and is predictable to maintain its supremacy over the forecast period. The European region has the largest operational fleet size and is investing in the development of autonomous ships. As well, companies based in Europe are investing more in sustainable operations in the marine industry. This, in turn, is expected to fuel the demand for autonomous ships in this region. Similarly, North America held a significant share of the market in 2019 due to the large fleet size and increase in seaborne trade in this region. Moreover, the market in the Asia Pacific region is projected to expand at a healthy pace during the forecast period. Increasing investments in the sea tourism industry in the Asia Pacific are creating new ways for market expansion. Further, the market in Middle East & Africa, and Latin America is anticipated to expand at a sluggish pace during the forecast period.
Autonomous Ships Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Autonomous Ships Market Competitor overview
Some key developments and strategies adopted by manufacturers in Autonomous Ships are highlighted below.
· In October 2020, Kongsberg Maritime has signed a contract with China Merchants Jinling Shipyard (Weihai) to deliver a propulsion and manoeuvring system for two 230m roll-on, roll-off passenger (RoPax) vessels for Finnlines. Currently under construction at Weihai and expected to be delivered for deployment in the Baltic Sea by 2023, the ships will each have capacity for 1,212 passengers and are specified with a focus on sustainable technologies and green operation.
Autonomous Ships Market, Key Players
· ABB
· Honeywell International Inc.
· Wärtsilä
· KONGSBERG
· Siemens
· Hyundai Heavy Industries Co., Ltd.
· General Electric
· Marine Technologies, LLC
· Praxis Automation Technology B.V.
· Northrop Grumman.
· DNV GL
· Fugro
· Vigor Industrial LLC.
· Samsung Heavy Industries Co., Ltd
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Autonomous Ships Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Autonomy
- 5.2.1. Fully Autonomous
- 5.2.2. Remote Operations
- 5.2.3. Partial Automation
- 5.3. Market Analysis, Insights and Forecast – By Ship Type
- 5.3.1. Commercial
- 5.3.1.1. Bulk Carriers
- 5.3.1.2. Gas Tankers
- 5.3.1.3. Passenger & Cruises
- 5.3.1.4. Dry Cargo
- 5.3.1.5. Containers
- 5.3.1.6. Others
- 5.3.2. Defense
- 5.3.1. Commercial
- 5.4. Market Analysis, Insights and Forecast – By Installation
- 5.4.1. OEM
- 5.4.2. Retrofit
- 5.5. Market Analysis, Insights and Forecast – By Propulsion
- 5.5.1. Fully Electric
- 5.5.2. Hybrid
- 5.5.3. Conventional
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Autonomous Ships Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Autonomy
- 6.2.1. Fully Autonomous
- 6.2.2. Remote Operations
- 6.2.3. Partial Automation
- 6.3. Market Analysis, Insights and Forecast – By Ship Type
- 6.3.1. Commercial
- 6.3.1.1. Bulk Carriers
- 6.3.1.2. Gas Tankers
- 6.3.1.3. Passenger & Cruises
- 6.3.1.4. Dry Cargo
- 6.3.1.5. Containers
- 6.3.1.6. Others
- 6.3.2. Defense
- 6.3.1. Commercial
- 6.4. Market Analysis, Insights and Forecast – By Installation
- 6.4.1. OEM
- 6.4.2. Retrofit
- 6.5. Market Analysis, Insights and Forecast – By Propulsion
- 6.5.1. Fully Electric
- 6.5.2. Hybrid
- 6.5.3. Conventional
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Autonomous Ships Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Autonomy
- 7.2.1. Fully Autonomous
- 7.2.2. Remote Operations
- 7.2.3. Partial Automation
- 7.3. Market Analysis, Insights and Forecast – By Ship Type
- 7.3.1. Commercial
- 7.3.1.1. Bulk Carriers
- 7.3.1.2. Gas Tankers
- 7.3.1.3. Passenger & Cruises
- 7.3.1.4. Dry Cargo
- 7.3.1.5. Containers
- 7.3.1.6. Others
- 7.3.2. Defense
- 7.3.1. Commercial
- 7.4. Market Analysis, Insights and Forecast – By Installation
- 7.4.1. OEM
- 7.4.2. Retrofit
- 7.5. Market Analysis, Insights and Forecast – By Propulsion
- 7.5.1. Fully Electric
- 7.5.2. Hybrid
- 7.5.3. Conventional
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Autonomous Ships Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Autonomy
- 8.2.1. Fully Autonomous
- 8.2.2. Remote Operations
- 8.2.3. Partial Automation
- 8.3. Market Analysis, Insights and Forecast – By Ship Type
- 8.3.1. Commercial
- 8.3.1.1. Bulk Carriers
- 8.3.1.2. Gas Tankers
- 8.3.1.3. Passenger & Cruises
- 8.3.1.4. Dry Cargo
- 8.3.1.5. Containers
- 8.3.1.6. Others
- 8.3.2. Defense
- 8.3.1. Commercial
- 8.4. Market Analysis, Insights and Forecast – By Installation
- 8.4.1. OEM
- 8.4.2. Retrofit
- 8.5. Market Analysis, Insights and Forecast – By Propulsion
- 8.5.1. Fully Electric
- 8.5.2. Hybrid
- 8.5.3. Conventional
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Autonomous Ships Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Autonomy
- 9.2.1. Fully Autonomous
- 9.2.2. Remote Operations
- 9.2.3. Partial Automation
- 9.3. Market Analysis, Insights and Forecast – By Ship Type
- 9.3.1. Commercial
- 9.3.1.1. Bulk Carriers
- 9.3.1.2. Gas Tankers
- 9.3.1.3. Passenger & Cruises
- 9.3.1.4. Dry Cargo
- 9.3.1.5. Containers
- 9.3.1.6. Others
- 9.3.2. Defense
- 9.3.1. Commercial
- 9.4. Market Analysis, Insights and Forecast – By Installation
- 9.4.1. OEM
- 9.4.2. Retrofit
- 9.5. Market Analysis, Insights and Forecast – By Propulsion
- 9.5.1. Fully Electric
- 9.5.2. Hybrid
- 9.5.3. Conventional
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ABB
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Honeywell International Inc.
- 10.6. Wärtsilä
- 10.7. KONGSBERG
- 10.8. Siemens
- 10.9. Hyundai Heavy Industries Co., Ltd.
- 10.10. General Electric
- 10.11. Marine Technologies, LLC
- 10.12. Praxis Automation Technology B.V.
- 10.13. Northrop Grumman.
- 10.14. DNV GL
- 10.15. Fugro
- 10.16. Vigor Industrial LLC.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
