Autonomous Boat Trends and Forecast
The future of the global autonomous boat market looks promising with opportunities in the commercial and military markets. The global autonomous boat market is expected to grow with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing demand for autonomous boats in maritime surveillance, transportation, and scientific research, technological advancements in AI, and rising focus on maritime automation and smart shipping initiatives by governments.
• Lucintel forecasts that liquefied natural gas is expected to witness the higher growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States –US-based companies like Sea Machines and Saildrone are advancing autonomous boat technology for maritime applications, supported by government initiatives such as the US NavyÄX%$%Xs Autonomous Surface Vehicle program, aiming to enhance naval operations and promote innovation in autonomous marine systems.
Norway –Norwegian firms like Kongsberg Maritime and Maritime Robotics are leading developments in autonomous boat solutions, targeting applications in offshore energy, aquaculture, and maritime surveillance. With government support for maritime innovation, companies aim to establish Norway as a global hub for autonomous maritime technology.
China –In China, companies such as OceanAlpha and Yunzhou Tech are expanding their autonomous boat offerings, focusing on applications in river cleaning, port operations, and marine transportation. With government targets for maritime automation and environmental protection, companies strive to meet growing demand for autonomous marine solutions.
Japan –Japanese companies like Yanmar and Mitsui Engineering & Shipbuilding are investing in autonomous boat technology for fisheries management, oceanographic research, and coastal surveillance. Supported by government initiatives like the Japan Smart Ships Association, companies aim to enhance maritime safety and efficiency through autonomous vessel development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Autonomous Boat by Segment
The study includes a forecast for the global autonomous boat by type, fuel type, component, autonomy, and region.
Autonomous Boat Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Military
Autonomous Boat Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]:
• Liquefied Natural Gas
• Electric Batteries
• Diesel Fuel
• Others
Autonomous Boat Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
Autonomous Boat Market by Autonomy [Shipment Analysis by Value from 2018 to 2030]:
• Partial Automation
• Remotely Operated
• Fully Autonomous
Autonomous Boat Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Autonomous Boat Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies autonomous boat companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the autonomous boat companies profiled in this report include-
• Rolls-Royce
• L3Harris Technologies
• ABB
• BAE Systems
• Kongsberg Gruppen
Recent Development in the Autonomous Boat Market
Sea Machines: Sea Machines introduced the SM400, an autonomous control system for commercial vessels, enabling remote command and advanced perception capabilities for enhanced navigation and operational efficiency in maritime industries.
Kongsberg Maritime: Kongsberg Maritime unveiled the Hugin Endurance, an autonomous underwater vehicle (AUV) equipped with advanced sensors and navigation systems for long-duration oceanographic surveys and subsea exploration missions, offering enhanced data collection capabilities in challenging marine environments.
OceanAlpha: OceanAlpha launched the Dolphin 1, an unmanned surface vessel (USV) designed for water quality monitoring and environmental surveillance, featuring autonomous navigation and remote sensing capabilities to support marine conservation and pollution control efforts worldwide.
Yanmar: Yanmar announced the development of the AutoWash ROV, a remotely operated vessel (ROV) equipped with autonomous cleaning capabilities for underwater structures and vessels, providing efficient and cost-effective maintenance solutions for marine industries.
Features of the Global Autonomous Boat Market
Market Size Estimates: Autonomous boat market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Autonomous boat market size by various segments, such as type, fuel type, component, autonomy, and region in terms of value ($B).
Regional Analysis: Autonomous boat market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, fuel types, components, autonomy, and regions for the autonomous boat market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the autonomous boat market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for autonomous boat market?
Answer: The global autonomous boat market is expected to grow with a CAGR of 7.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the autonomous boat market?
Answer: The major drivers for this market are increasing demand for autonomous boats in maritime surveillance, transportation, and scientific research, technological advancements in AI, and rising focus on maritime automation and smart shipping initiatives by governments.
Q3. What are the major segments for autonomous boat market?
Answer: The future of the global autonomous boat market looks promising with opportunities in the commercial and military markets.
Q4. Who are the key autonomous boat market companies?
Answer: Some of the key autonomous boat companies are as follows:
• Rolls-Royce
• L3Harris Technologies
• ABB
• BAE Systems
• Kongsberg Gruppen
Q5. Which autonomous boat market segment will be the largest in future?
Answer: Lucintel forecasts that liquefied natural gas is expected to witness the higher growth over the forecast period.
Q6. In autonomous boat market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the autonomous boat market by type (commercial and military), fuel type (liquefied natural gas, electric batteries, diesel fuel, and others), component (hardware and software), autonomy (partial automation, remotely operated, and fully autonomous), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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