Feb 4, 2021   SOURCE: PR NewsWire

Autonomous Ships Market Worth $ 10.02 Billion, Globally, by 2027 at 6.64% CAGR: Verified Market Research

- The Global Autonomous Ships Market has witnessed strong growth owing to the growing sea-borne trade across the globe, coupled with the lack of professional sailors. Moreover, 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.

JERSEY CITY, N.J., Feb. 4, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Autonomous Ships Market" by Type (Fully Autonomous, Remote Operations, and Partial Automation), by Application (Commercial and Military), by Geography. According to Verified Market Research, the Global Autonomous Ships Market was valued at USD 6.39 Billion in 2020 and is projected to reach USD 10.02 Billion by 2027, growing at a CAGR of 6.64 % from 2021 to 2027.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=30423

Browse in-depth TOC on "Autonomous Ships Market"

202 - Pages
126 - Tables
37 - Figures

Global Autonomous Ships Market Overview

The global autonomous ship market is principally driven by 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. Moreover, 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. Furthermore, 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.

Nevertheless, the trend of complete automation in the transport sector, coupled with an increase in maritime safety norms are expected to create lucrative opportunities for market expansion. Moreover, development in sensor technologies for environmental examination, enhanced navigation, object discovery, collision avoidance, image processing algorithms, and machine vision has also generated opportunities for marine shipping companies to combine a broad range of solutions for autonomous vessels.

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

Verified Market Research has segmented the Global Autonomous Ships Market On the basis of Type, Application, and Geography.

    --  Autonomous Ships Market by Type
        --  Fully Autonomous
        --  Remote Operations
        --  Partial Automation
    --  Autonomous Ships Market by Application
        --  Commercial
        --  Military
    --  Autonomous Ships Market by Geography
        --  North America
            --  U.S
            --  Canada
            --  Mexico
        --  Europe
            --  Germany
            --  France
            --  U.K
            --  Rest of Europe
        --  Asia Pacific
            --  China
            --  Japan
            --  India
            --  Rest of Asia Pacific
        --  ROW
            --  Middle East & Africa
            --  Latin America

Browse Related Reports:

Aerospace Titanium Market by Type (Commercially Pure Titanium, Titanium Alloys), by Application (Structural Airframes, Engines), by Geography, Forecast, 2020-2027

Satellite Communication (SATCOM) Market by Product (SATCOM Transponder, SATCOM Transceiver, SATCOM Antenna, SATCOM Modern, and SATCOM Receiver), by Vertical (Government and Military Applications, Civil Satellite Communications, Commercial Application), by End User (Portable SATCOM Equipment, Land Mobile SATCOM Equipment, Maritime SATCOM Equipment, Airborne SATCOM Equipment, and Land Fixed SATCOM Equipment), by Geography, Forecast, 2020-2027

Aircraft Antenna Market by Application (Communication, Navigation & Surveillance), by End User (Original Equipment Manufacturer (OEM) and Aftermarket), by Geography, Forecast, 2020-2027

Aerospace Titanium Blisk Market by Application (Military, Commercial, General Aviation, Others (Experimental and Model Aircraft), by Geography, Forecast, 2020-2027

Top in-flight catering hi-loaders, an important component of airline industry, raising the bar higher

Visualize Autonomous Ships Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (203)-411-9686
APAC: +91 (902)-863-5784
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

View original content to download multimedia:http://www.prnewswire.com/news-releases/autonomous-ships-market-worth--10-02-billion-globally-by-2027-at-6-64-cagr-verified-market-research-301222182.html

SOURCE Verified Market Research