The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An increase in demand for freight transportation via marines is likely to stimulate innovation in the production of autonomous boats, pushing the market over the forecast period.

The global autonomous boats market is expected to grow from $1.14 billion in 2022 to $1.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The global autonomous boats market size is expected to grow to $1.56 billion in 2027 at a CAGR of 6.3%.

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Global Autonomous Boats Market Segments Include:

• By Type: Commercial, Military
• By Component: Hardware, Software
• By Fuel Type: Carbon Neutral Fuels, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oils (HFO)
• By Autonomy: Partial Automation, Remotely Operated, Fully Autonomous
• 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 boats market in 2021.

Major Market Players in the autonomous boats market include ABB Ltd., BAE System, The General Electric Company (GE), Honeywell International Inc., Kongsberg Maritime, L3Harris Technology Inc., Northrop Grumman, Rolls-Royce Plc.

Technology progress is a crucial trend that is gaining traction in the market for autonomous boats. Major players in the autonomous boat market are focusing on developing new technology solutions to increase their market position. For example, in November 2021, Yara Birkeland, a Norwegian producer of electric and autonomous container boats, developed the world’s first entirely driverless, electric cargo ship. It will replace 40,000 diesel-powered truck journeys per year and reduce CO2 emissions by 1,000 tonnes.

The Autonomous Boats Global Market Report 2023  provides a autonomous boats market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous boats market forecast analyzes autonomous boats market size, autonomous boats 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.

Autonomous boats use computers to process data and make navigation decisions. They are typically pre-programmed to go a specified route, just as a crew will plan their shipping route before leaving port.

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