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What are the key sustainability strategies adopted by the leading players in the autonomous ships market?

The global autonomous ships market is estimated to be USD 6.1 billion in 2018 and is projected to reach USD 13.8 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.00% from 2018 to 2030. This market is driven by factors such as the increasing world trade by sea, increasing maritime navigation, increasing demand for automation systems for safety, and growing maritime tourism.

The fully autonomous segment to grow at a higher CAGR in the autonomous ships market, among all autonomy level during the forecast period

Based on autonomy, the fully autonomous segment is estimated to lead the autonomous ships market during the forecast period. The increasing demand for autonomous ships owing to rising human error-related accidents and increased operational expenditure is expected to drive the market for the full autonomy segment.

Increase in the demand for commercial vessels is expected to drive the line fit segment in the autonomous ships market

Based on end use, the line fit segment of the autonomous ships market is projected to have the highest CAGR in 2018, as a result of the increase in demand for automation systems from ship operators. As the demand for commercial ships is expected to increase in the future, the line fit segment is expected to grow.

Asia Pacific shows the highest potential for implementation of autonomous ships

Asia Pacific is estimated to lead the autonomous ships market in 2018. Asia Pacific has witnessed rapid economic development over the years, resulting in an increase in maritime trade. This rise in sea trade has subsequently led to an increasing demand for ships for the transportation of manufactured goods worldwide. Thus, the rising number of ships has increased the demand for autonomous ships in the Asia Pacific region.


The major players in the autonomous ships market include Wartsila (Finland), Kongsberg Gruppen (Norway), Northrop Grumman (US), Rolls-Royce (UK), General Electric (US), ABB (Switzerland), and Honeywell International (US), among others. Rolls-Royce and Kongsberg Gruppen are key market players engaged in contracts and acquisitions to increase the sale of automation systems and autonomous ships for different applications.

Wartsila, a Finland-based company, is among the leading manufacturer of automation systems for ships. It is primarily focused on acquiring other key players to strengthen its position in the autonomous ships market, expanding its sales channels, and enhancing its product and service offerings. In May 2018, the company acquired Transas to enhance its portfolio of bridge systems, digital products, and electronic charts. The major customers of Wartsila are merchant companies and naval institutions.

Kongsberg Gruppen, a Norway-based company, provides high-technology systems to its customers in the marine, oil & gas, and aerospace & defense industries. The company offers marine engine monitoring systems through its Kongsberg Maritime business. In recent years, Kongsberg Maritime has received several contracts from governments as well as shipyards of different countries across the globe. For instance, in 2017, Kongsberg Maritime received an Engineering, Procurement, Construction, and Installation (EPCI) contract worth USD 22.0 million from Flensburger Schiffbau-Gesellschaft (FSG), a subsidiary of Siem Group.

Northrop Grumman is a leader in the automation of products for naval platforms and offers integrated platform management systems. It has a strong presence in the North American, European, and Asia Pacific regions. Northrop Grumman provides different types of marine solutions such as NAVGUIDE 4000 for different naval vessels. These solutions provide information gathered from various integrated sensors installed on ships. In September 2015, Northrop Grumman received a contract from the Royal Thai Navy to provide integrated bridge systems for future frigates of the Navy.

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