Market Share of Autonomous Ships Industry
The market for autonomous ships is highly fragmented, with many regional players, which are funded by their local governments to collaborate and develop autonomous ships. The prominent players in the autonomous ship market are DNV GL, Kongsberg Gruppen AS, Rolls-Royce Holding PLC, Wärtsilä Corporation, Praxis Automation Technology BV, and Valmet Corp. DNV GL, Kongsberg Gruppen AS, and Rolls-Royce Holding PLC are the manufacturers of the ships, whereas Wärtsilä Corporation, Praxis Automation Technology BV, and Valmet Corp are some of the prominent component providers that support shipbuilding companies with the essential automation technologies. To further integrate the developments in the sensors, Big Data, and artificial intelligence technologies, the shipbuilding companies are collaborating with the IT companies. For instance, in October 2018, Rolls-Royce Holding PLC and Intel entered a partnership for designing sophisticated intelligent shipping systems. These advanced smart connected and data-centric systems are expected to improve the safety of the commercial ships for ship owners, operators, cargo owners, and ports. The new shipping intelligence systems will have a data center and artificial intelligence capabilities, along with sophisticated edge computing throughout, that can independently manage navigation, obstacle detection, and communications. Such collaborations and support from government initiatives are anticipated to maximize the penetration of the market into the shipping industry, which in turn, will help the companies to capitalize on profits.
Autonomous Ships Market Leaders
DNV GL
Kongsberg Gruppen AS
Rolls-Royce Holding PLC
Wärtsilä Corporation
Praxis Automation Technology BV
*Disclaimer: Major Players sorted in no particular order
