The rising tide of the autonomous ships market

Abstract

The rising tide of the autonomous ships market Anastasiya Azarko, Junior Innovation Consultant and Marco Molica Colella, Managing Consultant at CiaoTech – PNO Group, tell us about the autonomous ships market and some of the initiatives that are broadening capabilities within the maritime industry. In 2020, analysts valued the autonomous ship market close to 90 billion with a steady growth (ca. 7% annually) for the next decade. Almost 18% of this market was accounted for in Europe, with the chance to double by 2030. This upward trajectory is primarily attributed to the ongoing emergence of autonomous ships, which include a whole set of definitions, like smart ships. These ships are equipped with advanced software and hardware systems that allow operating, or being operated, without human direct intervention on board, adopting different levels of autonomy in different phases of the journey.