SAN FRANCISCO, March 5, 2020 /PRNewswire/ -- The global Autonomous Ships Market is expected to witness a staggering CAGR in the years to come. This could be attributed to emphasis on automated collision avoidance by making use of maritime anti-collision regulations. On the similar lines, autonomous ships do use data fusion from satellite and position reference, and dynamic navigation and positioning. The control system herein is RADAR-based. There are control algorithms for creating the operational area's 3D map so as to secure proper autonomous operation. Unexpected objects, danger of collision, or dangerous weather conditions are identified using sensors. The collective precision mentioned above is expected to drive the market in the next 5-7 years.

Market Scope

The autonomous ships market came into being after the frequency of marine casualties shot up owing to human errors. The ships market has been designed with greater cargo capacity coupled with lower wind resistance. As such, the number of accidents gets reduced followed by optimization of processes and operations. Plus, crew accommodation doesn't come into picture. Multi-tasking is another factor driving the market; as all the issues like criminal activities, adverse climate situations, and fatality could be looked into in one go. The other factors comprise reduction in transportation time, better fuel effectiveness, and capability of using space in ship design with utmost efficiency.

Market Segmentation

The autonomous ships market is segmented based on application, type, and geography. By application, it spans security, military, and commercial. By type, the segmentation says fully autonomous and partially autonomous. By geography, the market states LATAM, Asia Pacific, MEA, Europe, and North America. European economies like Russia, Germany, Norway, and UK are focusing on extensive research in this regard. For instance – "KONGSBERG (Norway)" is into development of novel technologies control system, software programs, and sensors to ensure reliable operation on the part of autonomous ships.

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Players

The other players contributing to the autonomous ships market include Hronn, ASV Global, K-MATE, Airbnb, Yara, Rolls-Royce, and Spotify.

This report provides detailed historical analysis of global market for Autonomous Ships from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Autonomous Ships market.

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Market Segmentation

• Leading players of Autonomous Ships including:
• Kongsberg
• Rolls-Royce
• ASV
• DARPA
• NYK Line
• Mitsui O.S.K. Lines
• Market split by Type, can be divided into:
• Maritime Autonomous Ships
• Small Autonomous Ships
• Market split by Application, can be divided into:
• Commercial & Scientific
• Military & Security
• Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
• Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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