[155 Pages Report] The autonomous ships market is estimated to be USD 6.1 billion in 2018 and is projected to reach USD 13.8 billion by 2030, at a CAGR of 7.00% from 2018 to 2030.
Report Pages: 155
Reason To Buy :
The factors that are expected to fuel the growth of the autonomous ships market are increasing seaborne trade, increasing compliance with maritime safety norms, and the growth in maritime tourism.
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https://www.marketsandmarkets.com/requestsampleNew.asp?id=267183224
Report Pages: 155
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| Autonomous Ships Market |
Reason To Buy :
The factors that are expected to fuel the growth of the autonomous ships market are increasing seaborne trade, increasing compliance with maritime safety norms, and the growth in maritime tourism.
To Know More - Download PDF
https://www.marketsandmarkets.com/requestsampleNew.asp?id=267183224
Recent Developments
- In December 2018, Rolls-Royce and Finnish state-owned ferry operator, Finferries, launched the world’s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. The car ferry, Falco, used a combination of Rolls-Royce Ship Intelligence technologies to successfully navigate autonomously during its voyage between Parainen and Nauvo. The return journey was remotely controlled.
- In July 2017, Rolls-Royce opened a new facility at Finland for autonomous ship research & development. The new Research & Development Centre for Autonomous Ships includes a Remote and Autonomous Experience Space aimed at showcasing technologies that Rolls-Royce has already introduced as well as those in the development stage.
- In July 2018, Kongsberg acquired a Rolls-Royce Commercial Marine for USD 656.1 million. This acquisition is expected to help the company strengthen its position in the autonomous ships market.
Key Market Players
The major players in the autonomous ships market include Wartsila (Finland), Kongsberg Gruppen (Norway), Northrop Grumman (US), Rolls-Royce (UK), and General Electric (US). Rolls-Royce and Kongsberg Gruppen are key market players engaged in contracts to increase the adoption of autonomous ships.
Rolls-Royce Holdings plc. is a leading player in the marine engines market and a strong technology innovator. The company has adopted the expansion strategy and continues to receive contracts for various segments from recreational and commercial to defense vessels. It has a strong presence in North America, where it has received several contracts, especially for recreational vessels, such as yachts. The launch of its new subsidiary in the Middle East indicates its strategy to expand in the region. The company has also added new products to its portfolio, indicating its focus on innovation and being compliant with the latest emission norms.
Wartsila (Finland) is one of the major manufacturers of automation systems for marine vessels. The company is focused on increasing its share by developing new products and acquiring other players in the market. In November 2018, Wärtsilä successfully completed a round of test procedures of its automated dock-to-dock solutions. In the presence of the Norwegian Maritime Authority (NMA), the system was tested on the ferry, “Folgefonn,” for full dock-to-dock capability, with the autonomous operation being utilized uninterrupted for the entire route, visiting all three ports serviced by the ship.
In-depth report on Autonomous Ships Market by MarketsandMarkets:
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