Autonomous Ships market’ Report @
Autonomous Ships Market by Level of Autonomy, Ship Type, and Fuel Type: Opportunity Analysis and Industry Forecast, 2020–2030,” The global autonomous ships market size is estimated to be valued at $85.84 billion in 2020, and is projected to reach $165.61 billion by 2030, registering a CAGR of 6.8% from 2020 to 2030.
Asia-Pacific region will dominate the market, followed by Europe, North America, and LAMEA. In Asia-Pacific region, Japan is estimated to dominate the autonomous ships market in 2020, whereas rest of Asia-Pacific is expected to grow at a significant rate during the forecast period.
The transportation industry environment is changing at a rapid pace due to globalization. Therefore, increase in automotive sales due to improvement in manufacturing facilities in most of the emerging countries such as Japan, Norway, China, India, and Brazil is a key factor that will drive the demand for autonomous marines. Improvement in productivity
The Worldwide Autonomous Ships Industry is Estimated to Reach $14 Billion by 2030
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The autonomous ships market is estimated to be USD 5,866 million in 2020 and is projected to reach USD 14,256 million by 2030, at a CAGR of 9.3% from 2020 to 2030.
The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency. The implementation of advanced systems acts as an important driver for the autonomous ships market. Autonomous ships are one of the variants of automated vessels. These ships involve integrating various systems and subsystems, enabling effective decision-making based on sensor fusion technology and Artificial Intelligence (AI) for processing the data, hence reducing or eliminating human intervent