M1 has announced that it tied
up with Keppel Offshore & Marine (Keppel O&M) for the test bedding of Maritime
Autonomous Surface Ships (MASS) in Singapore waters, an announcement
revealed.
"Autonomous Ships
Market by Autonomy (Fully Autonomous, Remote Operations,
Partial Automation), Ship Type (Commercial, Defense), End Use (Linefit, Retrofit),
Solution (Systems, Software, Structures, Digitalisation),
and Region - Global Forecast to 2030", The autonomous ships market is
estimated to be USD 6.1 billion in 2018 and is projected to reach USD 13.8
billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.00% from 2018 to
2030. This market is driven by factors such as the increasing world trade by
sea, increasing maritime navigation, increasing demand for automation systems
for safety, and growing maritime tourism.Wiki
The fully autonomous segment
to grow at a higher CAGR in the autonomous ships market, Shipping
Fleet Management among all autonomy level during the forecast period
Based on autonomy, the fully
autonomous segment is estimated to lead the autonomous ships market during the
forecast period. The increasing demand for autonomous ships owing to rising
human error-related accidents and increased operational expenditure is expected
to drive the market for the full autonomy segment.
Increase in the demand for
commercial vessels is expected to drive the line fit segment in the autonomous
ships market Based on end use, the line fit segment of the autonomous ships
market is projected to have the highest CAGR in 2018, as a result of the
increase in demand for automation systems from ship operators. As the demand
for commercial ships is expected to increase in the future, the line fit
segment is expected to grow.
Asia Pacific shows the highest
potential for implementation of autonomous ship
Asia Pacific is estimated to
lead the autonomous ships market in 2018. Asia Pacific has witnessed rapid
economic development over the years, resulting in an increase in maritime
trade. This rise in sea trade has subsequently led to an increasing demand for
ships for the transportation of manufactured goods worldwide. Thus, the rising
number of ships has increased the demand for autonomous ships in the Asia
Pacific region.
The major players in the
autonomous ships market include Wartsila (Finland), Kongsberg Gruppen (Norway),
Northrop Grumman (US), Rolls-Royce (UK), General Electric (US), ABB
(Switzerland), and Honeywell International (US), among others. Rolls-Royce and
Kongsberg Gruppen are key market players engaged in contracts and acquisitions
to increase the sale of automation systems and autonomous ships for different
applications.
Don’t miss out on business opportunities in
Autonomous Ships Market. Speak to our analyst and gain crucial industry
insights that will help your business grow.
Autonomous ships and aviation
drones face fewer barriers to adoption than driverless cars, according to underwriting
professionals replying to an International Underwriting Association (IUA) survey
on developing technologies.
Unmanned aerial vehicles are
currently the most widely used and this is reflected in the number of IUA
members who stated in our survey that they are offering products in this area
and, indeed, the geographical spread of cover. Autonomous vessels, however,
could represent a significant potential growth area for the London Market with
a quarter of the companies responding to our poll stating that they are
considering launching a product in this field.”
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