Dublin, Dec. 19, 2023 (GLOBE NEWSWIRE) -- The "Global Autonomous Ships Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global autonomous ships market size reached US$ 95.7 Billion in 2022 and is forecast to reach US$ 141.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.70% during 2022-2028. 
Autonomous Ships Market Trends
Presently, there is a rise in cargo shipping as it finds extensive application in transporting different goods to distant geographical locations. This, in confluence with the increasing marine accidents on account of human errors, resulting in financial losses and harm to the marine ecosystem, represents one of the key factors catalyzing the demand for autonomous ships across the globe.
Apart from this, a high degree of isolation and the unattractive nature of the job is restricting millennials worldwide from becoming seafarers. This, along with the growing requirement of seagoing professionals for maritime trading, acts as another factor influencing the demand for unmanned ships positively. Furthermore, the integration of artificial intelligence (AI) and robotics with autonomous ships and advancements in sensor technologies for improved navigation systems is creating a favorable market outlook.
Moreover, leading market players are focusing on incorporating the Internet of Things (IoT) and other innovative technologies to reduce the environmental footprint of maritime traffic and improve the efficiency of autonomous marine ventures. Other major factors, including a significant rise in seaborne trade, increase in maritime tourism, and extensive investments in research and development (R&D) activities to develop reliable and cost-effective functioning of unmanned vessels, are anticipated to impel the market growth.
Key Market Segmentation
This research provides an analysis of the key trends in each sub-segment of the global autonomous ships market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on component, level of autonomy, fuel type, installation and ship type.
Breakup by Component:
- Hardware
- Software
Breakup by Level of Autonomy:
- Semi-Autonomous
- Fully-Autonomous
Breakup by Fuel Type:
- Carbon Neutral Fuel
- Liquefied Natural Gas
- Electric Batteries
- Heavy Fuel Oil (HFO)
Breakup by Installation:
- OEM
- Retrofit
Breakup by Ship Type:
- Commercial Ships
- Defense Ships
- Passenger Ships
Breakup by Region
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- ABB Ltd
- BAE Systems plc
- DNV AS
- General Electric Company
- Honeywell International Inc.
- Kongsberg Gruppen
- L3Harris Technologies Inc.
- Mitsui & Co. Ltd.
- Rolls-Royce plc
- Samsung Heavy Industries Co. Ltd.
- Siemens AG
- Ulstein Group ASA
- Valmet Oyj
- Wartsila
Key Questions Answered in This Report:
- How has the global autonomous ships market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global autonomous ships market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the level of autonomy?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the installation?
- What is the breakup of the market based on the ship type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global autonomous ships market and who are the key players?
- What is the degree of competition in the industry?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $95.7 Billion |
| Forecasted Market Value (USD) by 2028 | $141.2 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Autonomous Ships Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.2 Software
7 Market Breakup by Level of Autonomy
7.1 Semi-Autonomous
7.2 Fully-Autonomous
8 Market Breakup by Fuel Type
8.1 Carbon Neutral Fuel
8.2 Liquefied Natural Gas
8.3 Electric Batteries
8.4 Heavy Fuel Oil (HFO)
9 Market Breakup by Installation
9.1 OEM
9.2 Retrofit
10 Market Breakup by Ship Type
10.1 Commercial Ships
10.2 Defense Ships
10.3 Passenger Ships
11 Market Breakup by Region
11.1 North America
11.2 Asia-Pacific
11.3 Europe
11.4 Latin America
11.5 Middle East and Africa
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/iko46j
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