Global Autonomous Vessels Industry to 2026 – Advancing Sensor Technologies for Improved Navigation Systems Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Autonomous Vessels Market (2021-2026) by Type, Application, Solution, Fuel Type, Propulsion Type, End Use, and Geography, Competitive Analysis, and COVID-19 Impact with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

The Global Autonomous Vessels Market is estimated to be worth USD 8.54 Billion in 2021 and is projected to reach USD 17.74 Billion by 2026, growing at a CAGR of 15.75%.

Autonomous ships refer to ships which are remotely constructed ships where the remote control mechanism performs operations. Autonomy requires high quality systems and reliable communication systems that work with connectivity, control algorithm and sensor technology. Rapid urbanization and digitalization and development of next-generation autonomous vessels, increasing investment in autonomous projects, and growing acceptance of automated systems to reduce human errors are factors driving the market segment demand .

However, expensive customization of marine automation systems and concerns over vulnerability associated with cyber threats and lack of qualified personnel to operate marine automation systems are factors that are restraining the growth of the market.

The global autonomous vessels market is segmented by type, application, solution, fuel type, propulsion type, end use and geography.

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global Autonomous Vessels Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of COVID-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.

Market dynamics

Drivers

  • Rapid urbanization and digitization and development of next-generation autonomous ships

  • Increased investment in standalone projects

  • Increase acceptance of automated systems to reduce human error

Constraints

  • Concerns about vulnerability associated with cyber threats

  • Expensive Customization of Marine Automation Systems

Opportunities

  • Advancing Sensor Technologies for Improved Navigation Systems

  • Rising trend of full automation in the transport sector

Challenges

  • Lack of qualified personnel to operate marine automation systems

  • Lack of awareness of insulated water bottles in developing economies

Companies cited

  • ABB limited

  • Continental SA

  • Denso Company

  • General electricity company

  • Honeywell International Inc.

  • Kongsberg Maritime AS

  • Lockheed Martin Company

  • Mitsui OSK Lines Ltd.

  • Robert Bosch GmbH

  • Saab AB

  • Totem Plus Ltd.

  • Vigor Industrial LLC

  • Wartsila OYJ ABP

  • Spotify Technology AG

  • Airbus SE

  • DNVGL

  • Kongsberg Gruppen ASA

  • Northrop Grumman Company

  • Rolls Royce Motor Cars Limited

  • Siemens

  • Global ASV

  • Rh Navy

  • Robotics of marine machines

For more information on this report, visit https://www.researchandmarkets.com/r/akeh49.

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