Autonomous Boats Market Overview 2024-2033 Growth Analysis
Posted by Ramakrishna TBRC on January 30th, 2024
The Autonomous Boats by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Autonomous Boats, The autonomous boats market size has grown strongly in recent years. It will grow from .17 billion in 2023 to .26 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to market acceptance, cost reduction, investment trends, regulatory frameworks, historical use cases..
The autonomous boats market size is expected to see strong growth in the next few years. It will grow to .64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to regulatory changes, market demand diversification, infrastructure development, global economic conditions, consumer acceptance.. Major trends in the forecast period include energy efficiency, ai integration, data connectivity, modular design, environmental sensing..
An increase in demand for cargo transportation through marines is expected to propel the growth of the autonomous boats market going forward. Cargo transportation refers to the transportation of bulk commodities by water, air, or land. Due to the safe and secure nature of water transportation, cargoes are efficiently transferred to other ports, leading to increased demand for cargo transit via waterways involving and creating demand for autonomous boats. For Instance, according to UNCTAD - United Nations Conference on Trade and Development based in Switzerland, a United Nations Secretariat that promotes the interests of developing countries in world trade, in 2021, Asia continued to be the world's top marine freight region in 2021, with Asian ports, including those in developed and developing nations, loading around 4.6 billion tons of cargo—or nearly 42% of all the cargo loaded in ports globally. In 2021, Asian ports received almost 7.1 billion tons of cargo, or 64% of all products released globally. Hence increase in demand for cargo transportation through marines is expected to propel the growth of the autonomous boat market
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The autonomous boats market covered in this report is segmented –
1) By Type: Commercial, Military
2) By Component: Hardware, Software
3) By Fuel Type: Carbon Neutral Fuels, Liquefied Natural Gas, Electric Batteries, Heavy Fuel Oils (HFO)
3) By Autonomy: Partial Automation, Remotely Operated, Fully Autonomous
Technology advancement is a key trend gaining popularity in the autonomous boats market. Major companies operating in the autonomous boats market are focused on developing new technological solutions to strengthen their position in the market. For instance, in November 2021, Yara Birkeland, a Norway-based manufacturer of electric and autonomous container vessels, innovated the first completely autonomous, electric cargo ship in the world. It will replace 40,000 trips made by diesel-powered trucks annually and reduce CO2 emissions by 1,000 tons.
The autonomous boats market report table of contents includes:
1. Executive Summary
2. Autonomous Boats Market Characteristics
3. Autonomous Boats Market Trends And Strategies
4. Autonomous Boats Market - Macro Economic Scenario
5. Global Autonomous Boats Market Size and Growth
....
31. Global Autonomous Boats Market Competitive Benchmarking
32. Global Autonomous Boats Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Autonomous Boats Market
34. Autonomous Boats Market Future Outlook and Potential Analysis
35. Appendix
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