Global Autonomous Ships Market

Apr 2020| VMR2231A| Verified Market Research

Report Highlights

Autonomous Ships MarketSize And Forecast

According to Verified Market Research, Global Autonomous Ships Market was valued at USD 5.8 Billion in 2018 and is projected to reach USD 9.78 Billion by 2026, growing at a CAGR of 6.72% from 2019 to 2026.

Global Autonomous Ships Market Outlook

The growing sea-borne trade across the globe coupled with the lack of professional sailors is fueling the demand for the market over the forecast period. However, the threats of cybersecurity and the concerns regarding the reliability of software and machinery. These are some of the challenges faced by the market that may affect the growth of the market. moreover, human error leads to most of the vessel accidents across the world. The acceptance of autonomous ships for maritime tourism is expected to drive the growth of the market. 

Global Autonomous Ships Market Competitive Landscape 

The Global Autonomous Ships Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Wartsila, Kongsberg Gruppen, Northrop Grumman, Rolls-Royce, General Electric, ABB, Honeywell International, DNV GL, Praxis Automation Technology B.V., and Valmet.

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