Product ID: UCMIG20T2007
Autonomous Ship Market Size, Share, Growth Analysis, By Autonomy(Partial Automation, Remotely Operated), By Solution(Hardware, Software), By Ship Type(Commercial, Bulk Carriers), By End-User(Line Fit, Retrofit), By Regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20T2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Autonomous Ship Market Insights
Market Overview:
In 2020, the global market size for autonomous ships was valued at USD 6.40 billion. However, due to the impact of COVID-19, the market experienced a significant decrease of -3.94% compared to the average growth rate from 2017-2019. Despite this setback, the market is projected to recover and grow at a Compound Annual Growth Rate (CAGR) of 9.13% from USD 6.55 billion in 2021 to USD 12.07 billion in 2028. The expected increase in CAGR is due to the recovery of the market's demand and growth to pre-pandemic levels once the pandemic subsides.
Autonomous Ship Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Marine by segment aggregation, the contribution of the Marine in Transportation and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Autonomous Ship Market Report Snapshots
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