A recent report published by Infinium Global Research on
autonomous ships market provides in-depth analysis of segments and sub-segments
in the global as well as regional autonomous ships market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional autonomous ships market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global autonomous ships market. According to the report, the global
autonomous ships market is projected to grow at a CAGR of 6.1% over the
forecast period of 2019-2025.
Autonomous ships are equipped with hardware and software without
human interference. Autonomous ships will bring a technological revolution in
the marine industry. Several concerns arising from human-operated ships
encourage the growth of the autonomous ships market. Companies are focusing on
mergers, acquisitions, and new product launches that propel their market share
in the global autonomous ships market. Recently, in 2018, Rolls-Royce and Intel
had a collaboration on designs for sophisticated intelligent shipping systems.
This will make safer commercial shipping.
The increasing compliance with maritime safety norms drives the
growth of the autonomous ships market. The surge in seaborne trade worldwide
contributes to the growth of the autonomous ships market. Factors such as
operational safety of ships and a rise in demand for cargo transportation
through marine promote the growth of the autonomous ships market. Advantages of
autonomous ships such as efficient space utilization in ship design, better
fuel efficiency, and lesser transportation time propel the growth of the
autonomous ships market. The rising development and improvement in the marine
industry boost the growth of the autonomous ships market. Furthermore,
autonomous ships address issues related to marine transportation such as
adverse weather conditions, criminal activities, and human errors. On the other
side, exploitation risk by hacking the system hampers the growth of the
autonomous ships market. Moreover, the rising trend of complete automation in
transportation creates numerous opportunities for the growth of the autonomous
Based on geography, the global autonomous ships market is
classified into North America, Asia-Pacific, Europe, and the Rest of the World.
Asia-Pacific region is expected to hold a premium share in the global
autonomous ships market. The growing sea trade and surge in the number of ships
in Asia-Pacific stimulates the growth of the autonomous ships market in the
Asia-Pacific region. Europe is anticipated to grow in the global autonomous
ships market with a significant CAGR over the forecast period. The growing
adoption of automation technology in marine transport in Europe contributes to
the growth of the autonomous ships market in Europe. North America is showing
growth in the global autonomous ships market due to increasing investments in
autonomous ships for military and commercial applications.
The report on the global autonomous ships market covers segments such
as type, application, and end-use. On the basis of type, the sub-markets
include partially autonomous, and fully autonomous. On the basis of
application, the sub-markets include commercial, security, and military. On the
basis of end-use, the sub-markets include linefit, and retrofit.
The report provides profiles of the companies in the market such
as Uber Technologies, Inc., Spotify Technologies S.A., Airbnb, Inc.,
Rolls-Royce Holdings plc, Mitsui O.S.K. Lines Ltd., Automated Ships Ltd., Vigor
Industrial LLC, Kongsberg Gruppen ASA, Wärtsilä Oyj Abp, General Electric Co.,
and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of autonomous
ships market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.