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Global autonomous ships market to experience rapid growth

Written by

Neil Martin

Neil Martin

The global autonomous ships market was valued at US$6.39bn in 2020 and is projected to reach US$10.02bn by 2027.

The market is being driven by the growing sea-borne trade across the globe, coupled with the lack of professional sailors. 

The growing adoption of connected smart ships, as they offer various benefits such as vessel traffic management data and fleet health monitoring data, is also driving the market growth. 

And increased investments in autonomous ship projects are also expected to drive the market growth during the forecast period. Autonomous ships are estimated to hold a notable market potential by numerous companies across geographies. These ships are anticipated to encourage safe, efficient, and sustainable operations in the marine industry. 

What’s more, autonomous ships assist multiple systems such as alarm management systems, navigation systems, and power management systems that support sailors in undergoing improved safety and allow compliance to the maritime safety norms. This factor is also expected to drive the growth of the global autonomous ship market.

The major players in the market are Wartsila, Kongsberg Gruppen, Northrop Grumman, Rolls-Royce, General Electric, ABB, Honeywell International, DNV GL, Praxis Automation Technology and Valmet.

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The market is being driven by the growing sea-borne trade across the globe, coupled with the lack of professional sailors.

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Global autonomous ships market to experience rapid growth image