Report ID: UCMIG20T2007
Report ID:
UCMIG20T2007 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
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.
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.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Autonomous Ship was estimated to be valued at US$ XX Mn in 2021.
The Autonomous Ship Market is estimated to grow at a CAGR of XX% by 2028.
The Autonomous Ship Market is segmented on the basis of Autonomy, Solution, Ship Type, End-User, Regions.
Based on region, the Autonomous Ship Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Autonomous Ship Market are ABB (Switzerland), ASELSAN A.Ş. (Turkey), BAE Systems (U.K.), Fugro (Netherlands), GE (U.S.), Honeywell International Inc. (U.S.), Kongsberg Maritime (Norway), L3Harris Technologies, Inc. (U.S.), Northrop Grumman (U.S.), Rolls-Royce plc (U.K.), Siemens Energy (Germany), Wärtsilä (Finland).
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Report ID: UCMIG20T2007