How big is the Autonomous Ships Market?

The Autonomous Ships Market size is expected to reach USD 8.38 billion in 2024 and grow at a CAGR of 7.30% to reach USD 11.93 billion by 2029. Read More

What is the current Autonomous Ships Market size?

In 2024, the Autonomous Ships Market size is expected to reach USD 8.38 billion. Read More

Who are the key players in Autonomous Ships Market?

Kongsberg Gruppen ASA, Rolls-Royce plc, Wärtsilä Corporation, HD Hyundai Heavy Industries Co., Ltd. and DNV AS are the major companies operating in the Autonomous Ships Market. Read More

Which is the fastest growing region in Autonomous Ships Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Autonomous Ships Market?

In 2024, the Europe accounts for the largest market share in Autonomous Ships Market. Read More

What years does this Autonomous Ships Market cover, and what was the market size in 2023?

In 2023, the Autonomous Ships Market size was estimated at USD 7.77 billion. The report covers the Autonomous Ships Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Autonomous Ships Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future trends in Autonomous Ship technology?

The future trends in Autonomous Ship technology are a) Advancements in AI b) Sensor fusion c) Communication technologies for enhanced autonomy Read More

What are the key drivers of the Autonomous Ships Market?

Key drivers in the Autonomous Ships Market are a) Need for operational efficiency b) Reduction in human error c) Advancements in sensor technology d) Increasing maritime safety regulations Read More

Autonomous Ships Market - Size, Share & Industry Trends

Autonomous Ships Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Autonomous Ships Market is Segmented by Type (Partially Autonomous, Remotely Controlled Ship, and Fully Autonomous), Application (Commercial and Military), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Autonomous Ships Industry Overview

The market for autonomous ships market is fragmented, with many regional players that their local governments fund to collaborate and develop autonomous ships. The prominent players in the autonomous ship market are DNV AS, Kongsberg Gruppen ASA, Rolls-Royce plc, Wärtsilä Corporation, and HD Hyundai Heavy Industries Co., Ltd.

DNV AS, Kongsberg Gruppen ASA, and Rolls-Royce plc are the manufacturers of the ships. In contrast, Wärtsilä Corporation, Praxis Automation Technology BV, and Valmet Corp are some of the prominent component providers that support shipbuilding companies with essential automation technologies.

To further integrate the developments in the sensors, Big Data, and artificial intelligence technologies, the shipbuilding companies are collaborating with the IT companies. For instance, in September 2021, the design and engineering consultancy BMT unveiled its 'Highly Autonomous Warship Technologies' project. It is designed to help bridge the gap between current vessels and future lean-crewed autonomous warships. The program aims to understand and enable philosophies behind the future lean crewed warships by autonomy. Such initiatives are anticipated to maximize the penetration of the market into the shipping industry, which, in turn, will help the companies to capitalize on profits.