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Autonomous Ships Market To Demonstrate Remarkable Growth Worth $13.4 Billion By 2025 – End-use Insights, Revenue Drivers Analysis And Competitive Landscape | Million Insights

Autonomous Ships Market To Demonstrate Remarkable Growth Worth $13.4 Billion By 2025 – End-use Insights, Revenue Drivers Analysis And Competitive Landscape | Million Insights

April 05
08:32 2021
Autonomous Ships Market To Demonstrate Remarkable Growth Worth $13.4 Billion By 2025 - End-use Insights, Revenue Drivers Analysis And Competitive Landscape | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global autonomous ship industry research report offers thorough insights on size, share, demand, top players & growth drivers. This study enables many opportunities for the market players to invest in research and development.

The global autonomous ships market size is likely to touch USD 13.4 billion by 2025, as per Million Insights. It is predicted that the market would exhibit 13.5% CAGR from 2019 to 2025. Autonomous ships are equipped with sensors, propulsion system and navigation control devices among others. Further, they make use of IoT and AI to facilitate autonomous operations. Increasing use of autonomous ships is projected to reduce the total operational cost.

Further, owing to little manual intervention, these ships are projected to reduce the chances of occurrence of accidents. Real-time data obtained by autonomous ships help in optimizing operational efficiency. Moreover, the quality of services and safety would be significantly improved owing to the deployment of autonomous ships.

To download the sample PDF of “Autonomous Ships Market” Report please click here: https://www.millioninsights.com/industry-reports/global-autonomous-ships-market/request-sample 

 

Major companies are increasingly focusing on the development of fully-autonomous operations. This has led to an increase in research and development cost. Increasing investment and the rising popularity of remotely controlled ships are supplementing the growth of the market. Further, autonomous shipping solution is likely to augment the demand for software and service providers in the market. 

However, issues related to data security and chances of hacking are predicted to cause the hindrance into the autonomous ship market growth. Owing to the unavailability of fewer individuals on the board, autonomous ships are more prone to cyberattacks. Increasing cybersecurity issue is likely to affect the defense application.   

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-autonomous-ships-market 

 

Further key findings from the report suggest:

• The fully autonomous category is anticipated to register over 17% CAGR from 2019 to 2025.

• In 2018, the system and solution category was the leading shareholders in the market due to the increasing use of these systems in multi-utility vessels.

• Based on end-use, the commercial category led the market and estimated to retain its position over the next six years.

• APAC held the largest share in the market seconded by Europe.

Million Insights has segmented the global autonomous ships market on the basis of autonomy level, solutions, end use and region:

Autonomous Ships Autonomy Level Outlook (Revenue, USD Million, 2015 – 2025)
    • Semi-autonomous
    • Fully Autonomous

Autonomous Ships Solutions Outlook (Revenue, USD Million, 2015 – 2025)
    • Systems & Software
    • Structure

Autonomous Ships End-use Outlook (Revenue, USD Million, 2015 – 2025)
    • Commercial
        • Passenger Cruise
        • Bulk Carrier & Container Ships
        • Tankers
        • Others
    • Defense
        • Submarines
        • Aircraft Carriers
        • Destroyers
        • Frigates

Autonomous Ships Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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