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Global Autonomous Ships Market Expected to Reach US$ 155.05 Bn by 2025 – Credence Research

September 14
06:00 2017
Credenceresearch.com has announced the addition of “Global Autonomous Ships Market Expected to Reach US$ 155.05 Bn by 2025 – Credence Research” Market Research Report to their Database.

According to a new market research report published by Credence Research “Autonomous Ships Market (By Type – Partially Autonomous and Fully Autonomous; By Application – Commercial; and Military and Security) – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the global autonomous ships market was valued at US$ 56.75 Bn in 2016 and is expected to grow at a CAGR of 12.8% during the forecast period from 2017 to 2025.

The complete report is available at http://www.credenceresearch.com/report/autonomous-ships-market

Market Insights

According to the U.S. Coast Guard, 96% of all marine casualty occur due to human errors. The aforementioned factor is very serious and hence has given the rise to the thought of autonomous ships. Autonomous ships are state-of-the-art maritime transport to meet competitiveness, safety and sustainability challenges of marine transportation. Autonomous ships are capable of tackling many issues related to marine transportation such as human errors, casualty losses, adverse weather conditions and criminal activities. In addition, autonomous ships offer a variety of other merits such as efficient use of space in ship design, better fuel efficiency and reduction in transportation time. Autonomous ship are expected to change the marine transportation by improved optimization of operations and processes and effective resource management. The aforementioned factors are expected to contribute towards a compounded annual growth rate (CAGR) of 12.8% during the forecast period 2017 – 2025.

Read Complete Report with TOC @ http://www.credenceresearch.com/report/autonomous-ships-market

Competitive Insights:

The global autonomous ships market is fairly consolidated with a limited number of autonomous ship manufacturers across the world. Some of the leading providers in the autonomous ships market include Kongsberg Gruppen ASA, Rolls-Royce Holdings Plc, Automated Ships Ltd., Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co., ASV Global and Vigor Industrial.

To Know More About Assumptions Considered For The Study, Download Report Sample : http://www.credenceresearch.com/sample-request/58665

Key Trends:

  • Increasing investments towards testing of fully autonomous ships for commercial applications
  • Rising adoption of autonomous ships in the military and defense sector for applications such as mine counter measures, anti-submarines and maritime security, among others

 

Related Reports:

http://www.credenceresearch.com/report/building-information-modeling-bim-market

 

About Credence Research:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Blog URL – http://www.mobilecomputingtoday.co.uk/6486/autonomous-ships-market-expected-reach-155-05-2025-credence-research/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: Send Email
Phone: +1-800-361-8290
Address:105 N 1st ST #429, SAN JOSE, CA 95103 US
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/autonomous-ships-market

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