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Autonomous Ships Market Share

Report ID: GMI10580
Published Date: Aug 2024
Report Format: PDF

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Autonomous Ships Market Share

Kongsberg Maritime & ABB Ltd. holds a significant share of the autonomous ships industry. Kongsberg Maritime holds a significant share of the market due to its extensive experience and expertise in maritime technology and automation. The company has been a pioneer in developing advanced systems for navigation, control, and automation in the maritime industry. Kongsberg Maritime’s comprehensive portfolio includes integrated bridge systems, dynamic positioning systems, and autonomous navigation technologies, which are crucial for the operation of autonomous ships. Their solutions are known for their reliability, precision, and advanced features, making them a preferred choice for shipbuilders and operators.

Additionally, Kongsberg Maritime has been involved in numerous high-profile autonomous ship projects, such as the YARA Birkeland, the world's first fully electric and autonomous container ship, further cementing its leadership in this market. The company’s strong focus on innovation, coupled with its strategic partnerships and collaborations, enables it to continuously enhance its offerings and maintain a competitive edge in the rapidly evolving market.

ABB Ltd. holds a significant share of the autonomous ships market due to its leadership in electrical and automation technologies. The company provides a wide range of solutions that are critical for the operation of autonomous ships, including power and propulsion systems, integrated automation systems, and digital solutions for remote monitoring and control. ABB’s Azipod propulsion system, for example, is widely recognized for its efficiency and reliability, making it a popular choice for various types of vessels, including autonomous ships.

ABB’s expertise in electrification and its commitment to sustainability also align with the growing demand for eco-friendly and energy-efficient maritime solutions. Furthermore, ABB’s strong global presence and extensive service network enable it to support the deployment and operation of autonomous ships worldwide. By leveraging its technological prowess and industry experience, ABB is well-positioned to play a key role in shaping the future of the market.

Autonomous Ships Market Companies

Major players operating in the autonomous ships industry are:

Kongsberg Maritime
ABB Ltd.
Rolls-Royce Plc
Hyundai Heavy Industries
L3Harris Technologies
Siemens AG
General Electric

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of autonomous ships reached USD 6.1 billion in 2023 and is expected to record a CAGR of over 10% between 2024 and 2032, due to the increasing availability & reliability of satellite communication, along with the integration of Internet of Things (IoT) devices and advanced analytics.

The fully autonomous segment is expected to reach over 5 billion by 2032, on account of advancements in technology, a push for increased operational efficiency, and the desire to reduce human error and operational costs.

Asia-Pacific dominated the market in 2023, accounting for a share of over 30%. The regional growth is driven by its strategic importance in global trade and shipping, along with booming shipbuilding industry, and advanced technological capabilities.

Kongsberg Maritime, ABB Ltd., Rolls-Royce Plc, Hyundai Heavy Industries, L3Harris Technologies, Siemens AG, and General Electric among others.