The Autonomous Ships Global Market Report 2023 by The Business Research Company, provides autonomous ships market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Autonomous Ships Global Market Report 2023, the global autonomous ships market size will grow from $6.88 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous ships is expected to grow to $9.47 billion in 2027 at a CAGR of 6.6%.
Increasing marine accidents caused by human errors lead to high financial losses, which are predicted to act as a major driver for the growth of the autonomous ship market. Unmanned ships or autonomous technology apprehend accidents attributed to human errors and contribute to the higher potential of reducing onboard accidents.
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The autonomous ships market is segmented:
1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous
2) By End-User: Commercial, Defense
3) By Propulsion Type: Fully Electric, Hybrid
4) By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel
Major companies are undertaking various strategic initiatives like the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ship industry. For instance, according to Offshore Energy news published in September 2021, UK engineering company Rolls-Royce and Sea Machines Robotics, the USA-based startup developing autonomous ship solutions, have started a new collaboration that will deliver comprehensive remote command, autonomous control, and intelligent crew support systems to the marine market.
The autonomous ships market report table of contents includes:
1. Executive Summary
2. Autonomous Ships Market Characteristics
3. Autonomous Ships Market Trends And Strategies
4. Autonomous Ships Market – Macro Economic Scenario
5. Autonomous Ships Market Size And Growth
…
27. Autonomous Ships Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autonomous Ships Market
29. Autonomous Ships Market Future Outlook and Potential Analysis
30. Appendix
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