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Increasing marine accidents caused by human errors lead to high financial losses are expected to drive innovation in autonomous ships manufacturing, thus driving the market during the forecast period.

The global autonomous ships market is expected to grow from $6.88 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The global autonomous ships market size is expected to grow to $9.47 billion in 2027 at a CAGR of 6.6%.

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Global Autonomous Ships Market Segments Include:

• By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous
• By End-User: Commercial, Defense
• By Propulsion Type: Fully Electric, Hybrid
• By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global autonomous ships market in 2021.

Major Market Players in the autonomous ships market include General Electric, DNV GL, Rolls-Royce Holding PLC., Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd.

Major companies are undertaking various strategic initiatives like the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ship industry. For instance, according to Offshore Energy news published in September 2021, UK engineering company Rolls-Royce and Sea Machines Robotics, the USA-based startup developing autonomous ship solutions, have started a new collaboration that will deliver comprehensive remote command, autonomous control, and intelligent crew support systems to the marine market.

The Autonomous Ships Global Market Report 2023  provides a autonomous ships market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous ships market forecast analyzes autonomous ships market size, autonomous ships market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

An autonomous ship means navigating a ship without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment.

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