Global autonomous ships market to reach $217.6b by 2033

Thanks to increased demand for cargo transportation, amongst others.

The global autonomous ships market size is projected to reach $217.6b by 2033, growing with a compound annual growth rate of 9.5% from 2024 to 2033.

According to the Allied Market Research, the market was valued at $89.3b in 2023, experiencing a “significant growth and transformation, driven by an increase in demand for cargo transportation, a surge in focus on reducing emissions, and an increase in operational safety of ships.”

Autonomous ships, also known as unmanned or smart ships, are vessels which operate with minimal or no human intervention. They rely on advanced technologies such as artificial intelligence, machine learning algorithms, sensors, navigation systems, and real-time data connectivity.

Allied Market Research said that advancements in real-time data sharing and connectivity solutions, and supportive regulatory frameworks are anticipated to provide market growth opportunities during the forecast period.