Autonomous Ships Market worth $13.8 billion by 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 2030, at a CAGR of 7.0% from 2018 to 2030.
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Fully
autonomous ships are those ships which can make their own decisions
based on artificial intelligence and sensor fusion technology. All the
systems in autonomous ships are automated and operators just program the
ships to take specific routes. Companies such as Rolls Royce and
Kongsberg are developing fully autonomous ships. For instance, in 2018, a
contract was signed between Kongsberg, and VARD to develop the fully
autonomous ship. The vessel, YARA Birkeland, will be remotely operated
by 2020, after which by 2022, it will be developed to be fully
autonomous. In another development in the autonomous ships market,
Rolls Royce has partnered with VTT Technical Research Centre (Finland),
to design, test, and validate remotely operated ships.
As
most of the global commercial cargo is transported through the sea,
issues related to navigational safety, risk management at sea, and
protection of human resources have high importance for shipping
companies. Advanced digital solutions, such as autonomous ships can help
address these issues efficiently. The commercial fleet is classified
into bulk carrier, container, tanker, passenger, specialized vehicle,
and offshore vehicle. Unlike naval vessels, commercial shipping has been
relatively slow to tap the potential of full automation. Increasing the
level of shipboard automation and systems integration can lead to
significant operational savings for commercial ships. Thus, this segment
offers significant potential for the autonomous ships market.
The
systems segment of the autonomous ships market has been classified into
communications & connectivity; intelligent awareness systems; and
reliability, health & safety management. The communications &
connectivity segment has been further divided under communication
management systems into satellite system, very small aperture terminal,
and terrestrial communication system. These systems enable autonomy in
different ship components. Naval ships play a vital role in tactical
data link operations, a part of the ship communication management
systems. Tactical communication systems are used by naval forces to
improve decision-making and for high reaction speed. These systems also
provide access to widely dispersed naval troops and weapons. The
tactical data link systems enable naval forces to operate in a
synchronized manner, which is not possible through the traditional
means. They allow naval forces to exchange sensor data on battlefields.
These systems utilize sensor grids, engagement grids, high-quality
information grids, and Command and Control (C2) processes to create a
common operating picture of the battlefield, thereby allowing troops to
respond quickly to enemy threats.
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. According to UNCTAD, South Korea, Japan, and China are
the major players in the shipbuilding industry and are expected to
account for 80% of the tanker orders during the forecast period.
According to IHS Marine, since 2009, 133 LNG tankers have been built in
Asia – 100 in South Korea, 20 in China, and 13 in Japan. Shipbuilding
companies from Japan, South Korea, and China are also among the largest
players in each of the 4 major segments, namely, tankers, bulk carriers,
container ships, and offshore vessels.
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Key market 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.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
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Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
