The global Autonomous Ships market size is estimated to be USD 5.8 billion in 2020 and is projected to reach USD 14.2 billion by 2030, at a CAGR of 9.3% from 2020 to 2030.
Some of the major factors driving this market include the increasing investments in autonomous projects, development of next-generation of autonomous vessels, increasing demand for situational awareness vessels.
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Automation systems, such as alarm, management, and health monitoring systems in ships, enable fleet operators to monitor the wear and tear of components and systems and provide alerts for the same for precautionary action. These automated ships use IoT, Big Data analytics, and cloud computing, among other systems, to provide real-time data to onshore platforms to help them identify malfunctions in fleet operations, thereby reducing the operational costs of marine vessels. These ships provide the required situational awareness to fleet operators, thereby reducing their risks of damage as well as operational costs. Thus, autonomous ship manufacturers across the globe are developing components and systems that will automate the whole ship to enable its easy monitoring. In April 2018, Sea Machines Robotics signed a contract with A.P. Moller-Maersk (Denmark) to trial its perception and situational awareness technology on Winter Palace ice-class container ships. The solution chosen by Maersk was the latest in Sea Machines’ portfolio. Sea Machines is actively developing advanced perception technology and navigation assistance technology for a range of vessel types.
Agreements, collaborations, new product developments, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the autonomous ship market For example, In February 2017, Honeywell received a contract worth USD 8.0 million from Daewoo Shipbuilding & Marine Engineering (DSME) and STX Offshore & Shipbuilding (STX) to supply marine automation systems for five vessels commissioned by ship-owners in Norway, Russia, and the US. In December 2018, ABB took the next step in autonomous shipping by conducting a trial of a remotely operated passenger ferry. The ferry, known as Ice-class passenger ferry Suomenlinna II, was remotely piloted with the cooperation between ABB and Helsinki City Transport. Major players operating in the autonomous ship market include ABB Ltd (Switzerland), Honeywell International Inc. (US), Rolls-royce PLC (UK), Wartsila (Finland), Kongsberg (Norway), Hyundai Heavy Industries (South Korea), Northrop Grumman Corporation (US), L3Harris (US), Aselsan AS (Turkey).
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ABB Ltd. (Switzerland)
ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following business segments: Electrification, Industrial Automation, Motion, Robotics & Discrete Automation. The Electrification segment manufactures and sells products and solutions, which are designed to provide safer electrical flow from the substation to the socket. The Industrial Automation segment develops and sells integrated automation and electrification systems and solutions, such as process and discrete control solutions, advanced process control software and manufacturing execution systems, sensing, measurement, and analytical instrumentation and solutions, electric ship propulsion systems, as well as large turbochargers. The Motion segment manufactures and sells motors, generators, drives, wind converters, mechanical power transmissions, complete electrical powertrain systems, and related services and digital solutions for a wide range of applications in industry, transportation, infrastructure, and utilities. The Robotics & Discrete Automation segment develops and provides robotics and machinery automation solutions, including robots, controllers, software, function packages, cells, programmable logic controllers, industrial PCs, servo motion, engineered manufacturing solutions, turn-key solutions, and collaborative robot solutions for a wide range of applications.
ABB has expertise in developing digital technologies, which include digitally connected industrial equipment and systems. The major customers of the company include various shipbuilding and shipping companies. It offers an 800XA system (a combination of electrical control systems and safety systems) that increases efficiency, operator performance, and asset utilization of ships. The company has a presence in the Americas, Asia Pacific, Europe, Africa, and the Middle East.
Honeywell International Inc. (US)
Honeywell International Inc. is an American publicly traded, multinational conglomerate in the aerospace and defense market. It primarily operates through four business segments: Aerospace, Building technologies, Performance Materials & Technologies, and Safety & Productivity Solutions. Under the aerospace segment, the company provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors. The company provides technically advanced navigation, maintenance, actuation, and component solutions for marine applications. The company offers marine automation systems through its subsidiary, Honeywell Process. It addresses both naval and commercial vessels. Honeywells marine navigation portfolio includes LASEREF and TALIN subsystems as well as subcomponents such as ring laser gyros, accelerometers, and navigation-grade inertial measurement units. The company’s subsidiaries include Honeywell (China) Co., Ltd., and Honeywell Aerospace GmbH. Honeywell has a presence in the Americas, Europe, the Middle East & Africa, and Asia Pacific.
Rolls-royce PLC (UK)
Rolls-Royce Plc is a British multinational engineering company, which designs, manufactures, and distributes power systems for aviation and other industries. The company operates through four segments—Civil Aerospace, Power Systems, Defense, and ITP Aero. The company operates through four segments Civil Aerospace, Power Systems, Defense, and ITP Aero. Civil Aerospace comprises the development, manufacture, marketing, and sales of commercial aero engines and aftermarket services. Power Systems comprises the development, manufacture, marketing, and sales of reciprocating engines, power systems, and nuclear systems for civil power generation. The defense segment comprises the development, manufacture, marketing, and sales of military aero engines, naval engines, submarine nuclear power plants, and aftermarket services. ITP Aero comprises design, research and development, manufacture and casting, assembly and testing of aeronautical engines and gas turbines, and MRO services.
Rolls-Royce PLC provides integrated platform management systems (IMPS) for many commercial areas. (IMPS) provides total automation solutions combining traditional machinery controls with the latest operator functionality and integrated ship-wide management systems. The IMPS offers several functions -Propulsion Control, Electrical Power Management, Auxiliary Machinery Control, Safety & Damage Control Systems, Alarm & Event Monitoring, and On-Board Trainer
Wartsila (Finland)
Wartsila offers products and services for the energy and marine markets. The company had 13,000 employees in 2019. It is listed on the Helsinki Stock Exchange under the ticker symbol WRT 1V. The company is a global leader in smart technologies and complete lifecycle solutions for the marine and energy markets. The company is focusing on sustainable innovation, total efficiency, and data analytics.
The company operates through two business segments, namely marine and energy. The Energy Solutions business supplies power plants capable of operating on most gas and liquid fuels. The Marine Solutions business serves the marine and oil and gas industries and covers traditional merchant vessels; gas carriers; cruise and ferry; navy; special vessels; offshore installations and vessels; and land-based gas installations. It offers marine engines, gen-sets, compressors, inert gas systems, propulsion systems & gears, pumps & valves, and sonar & hydraulic systems through its marine solutions segment. Wartsila also offers ship designing services. The company offers automation systems and services under the marine system product portfolio.
The company has operations in over 200 locations in more than 80 countries around the world. It has a significant presence in the autonomous ship market particularly in the Asia Pacific region, through joint ventures and subsidiaries in China, Japan, and South Korea.
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