Autonomous Ships Market To Register 13.5% CAGR By 2025 Owing To Rising Marine Trade & Increasing Maritime Tourism Activities
Share this article Share this article FELTON, Calif., Jan. 26, 2021 /PRNewswire/ -- The global autonomous ships market size is likely to touch USD 13.4 billion by 2025, as per Million Insights. It is predicted that the market would exhibit 13.5% CAGR from 2019 to 2025. Autonomous ships are equipped with sensors, propulsion system and navigation control devices among others. Further, they make use of IoT and AI to facilitate autonomous operations. Increasing use of autonomous ships is projected to reduce the total operational cost. Further, owing to little manual intervention, these ships are ...