Integrated Marine Automation System Market by Autonomy (Autonomous, Remotely-operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End User (OEM, Aftermarket), Solution (Products, Services), System and Region-Global Forecast to 2025 , published by MarketsandMarkets™, the market is projected to grow from USD 4.9 billion in 2020 to USD 7.8 billion by 2025, at a CAGR of 10.0% from 2020 to 2025. Some of the major factors driving this market include the increasing global sea trade, improving marine navigational safety resulting in lesser accidents, and growing maritime tourism. The demand for new ships and the retrofitting of existing ships with advanced technologies are expected to grow with increased trade activities. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency.
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The global ADAS and autonomous driving component market is expected to be valued at $39.79 billion and 518.6 million units in 2018 and is anticipated to grow at a CAGR of 12.51% and 13.29% respectively, during the forecast period, 2019-2029.
The increasing technological developments and advancements in ADAS systems, rising developments in connected infrastructure and intelligent transportation systems, the demand for ADAS features in commercial vehicles, and growing concerns and measures over road safety drive the market growth.
Technological advancements in the automotive industry have resulted in the worldwide adoption of ADAS and autonomous driving solutions. The changing paradigm of consumers as well as major automotive OEMs, the requirement of robust security mechanisms in the vehicle for the protection of drivers and passengers, impact of 5G technology enhancing the autonomous driving components, in
The Worldwide Autonomous Ships Industry is Estimated to Reach $14 Billion by 2030
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The autonomous ships market is estimated to be USD 5,866 million in 2020 and is projected to reach USD 14,256 million by 2030, at a CAGR of 9.3% from 2020 to 2030.
The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency. The implementation of advanced systems acts as an important driver for the autonomous ships market. Autonomous ships are one of the variants of automated vessels. These ships involve integrating various systems and subsystems, enabling effective decision-making based on sensor fusion technology and Artificial Intelligence (AI) for processing the data, hence reducing or eliminating human intervent
Autonomous Ships Market worth $14 2 billion by 2030 sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.