Autonomous Ships Market Booms USD 24.54 Billion by 2034

Autonomous Ships Market Disruptive Trends and Future Potential

According to market projections, the autonomous ships sector is expected to grow from USD 6.89 billion in 2024 to USD 24.54 billion by 2034, reflecting a CAGR of 13.54%. Asia Pacific dominates the autonomous ships market due to strong government support, while North America shows high growth driven by defense spending. Semi-autonomous ships lead for their smart features, and commercial use tops demand for global logistics.

Autonomous Ships Market Size, Innovation, Challenges and Opportunities

The autonomous ships market is forecast to grow at a CAGR of 13.54%, from USD 7.83 billion in 2025 to USD 24.54 billion by 2034, over the forecast period from 2025 to 2034.

Autonomous Ships Market Size 2023 - 2034

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Introduction

The autonomous ships market is a crucial branch of the maritime transportation industry. This industry deals in manufacturing and distribution of autonomous ships in different parts of the world. There are different types of ships developed in this sector comprising of semi-autonomous ships, remotely operated ships and fully autonomous ships. These ships are powered using various propulsion technology including fully electric, hybrid and conventional. The end-user of this sector comprises of commercial sector and military & defense sector. The rising application of ships in logistics sector is crucial for the market expansion. This market is expected to grow significantly with the rise of the shipping industry in different parts of the world.

Indian Logistics Industry Size in USD Billion (2023-28)

  • According to the India Brand Equity Foundation, the Indian logistics market was valued at US$ 107.16 billion in 2023 that is expected to reach US$ 159.54 billion by 2028.

Highlights of the Autonomous Ships Market

  • Asia Pacific held the largest share of the autonomous ships market due to the rising government initiatives aimed at strengthening the maritime sector in this region.
  • North America is expected to grow with a significant CAGR due to the growing defense expenditure in this region.
  • The semi-autonomous segment led the industry due to its various functions such as collision avoidance, system monitoring, navigation and some others.
  • The commercial segment held the largest portion of the industry due to the increasing demand for reliable logistics solution in different parts of the world.

Key Metrics and Overview

Metric Details
Market Size in 2024 USD 6.89 Billion
Projected Market Size in 2034 USD 24.54 Billion
CAGR (2025 - 2034) 13.54%
Leading Region Asia Pacific
Market Segmentation By Autonomy Level, By Solutions, By End Use and By Region
Top Key Players L3Harris Technologies, Inc.; Honeywell International Inc.; HD Hyundai Heavy Industries Co., ABB; Siemens; Ltd; Marlink B.V.; Rolls-Royce plc
  • The government of countries are investing heavily for advancing shipbuilding technologies. For instance, in February 2025, the government of South Korea announced to invest around US$ 179 million. This investment is done for developing the shipbuilding activities in this nation.
  • Various market players are collaborating with each other for developing autonomous ships. For instance, in September 2024, Avikus collaborated with DNV. This collaboration is done for developing an advanced autonomous ship.
  • The vessel manufacturing brands are integrating AI in their vessels for development of smart ships. For instance, in April 2024, Seadronix launched an AI-based platform. This software is designed for transforming conventional vessels into smart ships.
  • Several defense organizations have started launching autonomous ships for enhancing naval missions. For instance, in March 2025, the U.S. Defense Advanced Research Projects Agency (DARPA) launched USX-1 Defiant. USX-1 Defiant is an autonomous ship designed for extended naval missions.

Industry Leader Announcement

In October 2024, Grant Hunter, the Director, Standard, Innovation and Research at BIMCO made an announcement stating that, “AUTOSHIPMAN is a first step by BIMCO into the commercial operation of remotely controlled ships, and perhaps eventually fully autonomous ships. During the development, we were assisted by legal and insurance experts, and we have gained valuable insight throughout the process from companies who are already operating ships remotely around the world”

Geographical Insights

Asia Pacific held the highest share of the autonomous ships market. The growing demand for cost-effective transportation solutions in several countries such as South Korea, Japan, China, Singapore and some others has boosted the market growth. Also, the rising development in logistics sector along with technological advancements in shipping industry is crucial for the industrial expansion. Moreover, numerous government initiatives for developing the maritime sector coupled with the presence of various market players such as HD Hyundai Heavy Industries Co., Ltd, Mitsui, Mitsubishi Shipbuilding Co., Ltd. and some other is predicted to drive the market growth in this region.

Competitive Landscape

Autonomous Ships Market Companies

The autonomous ships market is a rapidly developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of KONGSBERG; L3Harris Technologies, Inc.; Honeywell International Inc.; HD Hyundai Heavy Industries Co., ABB; Siemens; Ltd; Marlink B.V.; Rolls-Royce plc and some others. These companies are constantly engaged in developing autonomous ships and adopting numerous strategies to maintain their dominant position in this industry.

Rolls Royce Revenue in Million Euros (2022-23)

  • According to the annual report of Rolls Royce, the revenue of the company in 2022 was 3660 million euros in 2022 that increased to 4077 million euros in 2023.

Autonomous Ships Market Segmentations

By Autonomy Level

  • Semi-autonomous
  • Fully Autonomous

By Solutions

  • Systems & Software
  • Structure

By End Use

  • Commercial
    •  Passenger Cruise
    •  Bulk Carrier & Container Ships
    •  Tankers
    •  Others
  • Defense
    • Submarines
    • Aircraft Carriers
    • Destroyers
    • Frigates

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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  • Insight Code: 1699
  • No. of Pages: 150
  • Format: PDF/PPT/Excel
  • Last Updated: 07 April 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

The autonomous ships market was valued at USD 7.83 billion in 2025.

Asia Pacific dominated this industry.

The rising demand for green shipping solutions coupled with numerous government policies to strengthen the maritime sector has boosted the market growth.

Some of the prominent players of this industry consists of Honeywell International Inc.; HD Hyundai Heavy Industries Co., ABB; Siemens; KONGSBERG; L3Harris Technologies, Inc.; Ltd; Marlink B.V.; Rolls-Royce plc and some others.

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