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“Autonomous ships market to be worth $ 13.8 billion by 2023”

Genoa - The market for autonomous ship is expected to be worth 13.8 billion dollars by 2023, with a 7% annual growth

Genoa - The market for autonomous ship is expected to be worth 13.8 billion dollars by 2023, with a 7% annual growth, writes research firm Markets and Markets.

“The increasing demand for autonomous ships owing to rising human error-related accidents and increased operational expenditure is expected to drive the market for the full autonomy segment,” says the report.

Asia is estimated to lead the autonomous ships market in 2018, while the major players include Wartsila (Finland), Kongsberg Gruppen (Norway), Northrop Grumman (US), Rolls-Royce (UK), General Electric (US), ABB (Switzerland), and Honeywell International (US) among others.

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