Global Autonomous Ship and Ocean Surface Robot Market: 2018-2028

Market Research Report

A quick peek into the report

1.1 Overview
1.2 Market Drivers
1.2.1 Enhanced Advantages in Environmental Monitoring
1.2.2 Increasing Need for Maritime Security
1.2.3 Growing Investments in Marine Robotics Technology
1.3 Market Challenges
1.3.1 Lack of Rules and Regulations
1.3.2 Automation Challenges to Ship Designer
1.4 Market Opportunities
1.4.1 Advantages Attributed to Autonomous Cargo Ships
1.4.2 Advantages of Electrically-Powered Engines

2.1 Overview
2.2 Key Market Strategies and Developments
2.2.1 Partnerships, Agreements, and Contracts
2.2.2 Product Launches
2.2.3 Mergers and Acquisitions
2.2.4 Other Developments
2.3 Market Share Analysis and Player Ranking

3.1 Overview
3.2 Product Mapping of Autonomous Ships and Ocean Surface Robots
3.3 Value Chain Analysis
3.4 Industry Attractiveness: Porter’s Five Forces Analysis

4.1 Assumptions and Limitations
4.2 Market Overview

5.1 Market Overview
5.2 Autonomy in Ships: An Advancement in Ship Intelligence
5.3 Economic Benefits of Autonomous Ships
5.4 Ongoing Projects and Partnerships
5.5 The Case of Rolls-Royce: Advanced Autonomous Waterborne Applications Initiative (AAWA) Project

6.1 Market Overview
6.2 Global Ocean Surface Robot Market (by Mode of Operation)
6.2.1 Market Overview
6.2.2 Semi-Autonomous Ocean Surface Robot
6.2.3 Fully-Autonomous Ocean Surface Robot
6.3 Global Ocean Surface Robot Market (by Subsystem)
6.3.1 Market Overview
6.3.2 Propulsion System
6.3.3 Sensory System
6.3.4 Connectivity and Communication System
6.3.5 Structure
6.4 Global Ocean Surface Robot Market (by End User and Application)
6.4.1 Market Overview
6.4.2 Naval
6.4.2.1 Anti-Submarine Warfare
6.4.2.2 Intelligence, Surveillance, and Reconnaissance (ISR)
6.4.2.3 Maritime Security
6.4.2.4 Mine Counter-Measures
6.4.3 Commercial
6.4.3.1 Oil and Gas Exploration
6.4.3.2 Ocean Data Collection
6.4.3.3 Transportation
6.4.4 Scientific Research
6.4.4.1 Oceanographic and Hydrographic Survey
6.4.4.2 Seabed Mapping
6.4.4.3 Environmental Data Collection
6.4.5 Law Enforcement
6.4.5.1 Search and Rescue
6.4.5.2 Coast Guard
6.5 Global Ocean Surface Robot Market (by Region)
6.5.1 Market Overview
6.5.2 North America Ocean Surface Robot Market
6.5.2.1 North America Ocean Surface Robot Market Analysis (by End User)
6.5.2.2 The U.S.
6.5.2.3 Canada
6.5.3 Europe Ocean Surface Robot Market
6.5.3.1 Europe Ocean Surface Robot Market Analysis (by End User)
6.5.3.2 The U.K.
6.5.3.3 Denmark
6.5.3.4 Norway
6.5.3.5 Finland
6.5.3.6 Russia
6.5.3.7 Rest-of-Europe
6.5.4 Asia-Pacific Ocean Surface Robot Market
6.5.4.1 Asia-Pacific Ocean Surface Robot Market Analysis (by End User)
6.5.4.2 China
6.5.4.3 India
6.5.4.4 Japan
6.5.4.5 Rest-of-Asia-Pacific
6.5.5 Rest-of-the-World (RoW) Ocean Surface Robot Market
6.5.5.1 Rest-of-the-World Ocean Surface Robot Market Analysis (by End User)
6.5.5.2 Middle East
6.5.5.3 Latin America
6.5.5.4 Africa

7.1 Overview
7.2 ASV Global
7.2.1 Company Overview
7.2.2 Products & Services
7.2.3 SWOT Analysis
7.3 Atlas Elektronik GmbH (ThyssenKrupp)
7.3.1 Company Overview
7.3.2 Product Offerings
7.3.3 SWOT Analysis
7.4 Automated Ships Ltd.
7.4.1 Company Overview
7.4.2 Products and Services
7.4.3 SWOT Analysis
7.5 BAE Systems plc
7.5.1 Company Overview
7.5.2 Products and Services
7.5.3 Overall Financials
7.5.4 Financial Summary
7.5.5 SWOT Analysis
7.6 ECA Group
7.6.1 Company Overview
7.6.2 Product and Services
7.6.3 Overall Financials
7.6.4 Financial Summary
7.6.5 SWOT Analysis
7.7 Elbit Systems Ltd.
7.7.1 Company Overview
7.7.2 Product and Services
7.7.3 Overall Financials
7.7.4 Financial Summary
7.7.5 SWOT Analysis
7.8 Kongsberg Gruppen
7.8.1 Company Overview
7.8.2 Products and Services
7.8.3 Overall Financials
7.8.4 Financial Summary
7.8.5 SWOT Analysis
7.9 Liquid Robotics
7.9.1 Company Overview
7.9.2 Products and Services
7.9.3 SWOT Analysis
7.10 Rafael Advanced Defense Systems Ltd.
7.10.1 Company Overview
7.10.2 Products and Services
7.10.3 SWOT Analysis
7.11 Rolls-Royce Holding plc
7.11.1 Company Overview
7.11.2 Product Offerings
7.11.3 Overall Financials
7.11.4 Financial Summary
7.11.5 SWOT Analysis
7.12 Saab AB
7.12.1 Company Overview
7.12.2 Product Offerings
7.12.3 Overall Financials
7.12.4 Financial Summary
7.12.5 SWOT Analysis
7.13 SeaRobotics
7.13.1 Company Overview
7.13.2 Products and Services
7.13.3 SWOT Analysis
7.14 Singapore Technologies Engineering Ltd.
7.14.1 Company Overview
7.14.2 Product Offerings
7.14.3 Overall Financials
7.14.4 Financial Summary
7.14.5 SWOT Analysis
7.15 Textron Inc.
7.15.1 Company Overview
7.15.2 Products and Services
7.15.3 Overall Financials
7.15.4 Financial Summary
7.15.5 SWOT Analysis
7.16 Thales Group
7.16.1 Company Overview
7.16.2 Products and Services
7.16.3 Overall Financials
7.16.4 Financial Summary
7.16.5 SWOT Analysis
7.17 Other Key Players
7.17.1 Al Marakeb
7.17.2 iXblue
7.17.3 Oceanalpha Co., Ltd.
7.17.4 Marine Advanced Research
7.17.5 Maritime Robotics
7.17.6 Teledyne Marine

8.1 Scope of the Report
8.2 Global Autonomous Ship and Ocean Surface Robot Market Research Methodology
8.2.1 Primary Data Sources
8.2.2 Secondary Data Sources
8.2.3 Assumptions and Limitations

9.1 Related Reports

Table 1 Global Autonomous Ship Market (Units), 2024-2035
Table 1.1 List of Companies Received Funding
Table 2.1 Mergers and Acquisitions Adopted by the Key Market Players, 2018
Table 3.1 Product Analysis of Some of the Autonomous Ships and Ocean Surface Robots
Table 3.2 Analyzing Threat from New Entrants
Table 3.3 Analyzing Threat from Substitute Products or Services
Table 3.4 Analyzing Bargaining Power of Suppliers
Table 3.5 Analyzing Bargaining Power of Buyers
Table 3.6 Analyzing Intensity of Competitive Rivalry
Table 5.1 Project and Partnerships Undertaken for the Development of Autonomous Ships for Commercial Operations
Table 5.2 Advanced Autonomous Waterborne Applications (AAWA) Partners
Table 6.1 Global Ocean Surface Robot Market (by Region), 2017-2028
Table 7.1 Saab AB-Business Segments

Figure 1 Growth in International Seaborne Trade, 1970-2016
Figure 2 Clarksea Index ($Thousand/Day), 1990-2016
Figure 3 Global Ocean Surface Robot Market (by Value and Volume), 2017-2028
Figure 4 Global Ocean Surface Robot Market (by Mode of Operation), 2017-2028
Figure 5 Global Ocean Surface Robot Market (by Subsystem), 2017–2028
Figure 6 Global Ocean Surface Robot Market (by End User), 2017-2028
Figure 7 Global Ocean Surface Robot Market (by Region), 2017-2028
Figure 1.1 Market Dynamics Snapshot
Figure 1.2 Impact Analysis on Market Drivers
Figure 1.3 Impact Analysis on Market Challenges
Figure 1.4 Impact Analysis on Market Opportunities
Figure 1.5 Advantages of Marine Robots
Figure 1.6 Development Phases of YARA Birkeland
Figure 2.1 Some of the Organic and Inorganic Growth Strategies Adopted by the Key Players
Figure 2.2 Percentage Share of Strategies Adopted by the Market Players, 2014-2018
Figure 2.3 Partnerships, Agreements, and Contracts Adopted by the Key Market Players, 2014-2018
Figure 2.4 Product Launches by the Key Market Players, 2014-2018
Figure 2.5 Other Developments by the Key Market Players, 2014-2018
Figure 2.6 Ocean Surface Robot Market: Market Share Analysis, 2017
Figure 2.7 Ocean Surface Robot Market Players Ranking, 2017
Figure 3.1 Value Chain Analysis
Figure 3.2 Porter’s Five Forces Analysis
Figure 3.3 Threat from New Entrants
Figure 3.4 Threat from Substitute Products or Services
Figure 3.5 Bargaining Power of Suppliers
Figure 3.6 Bargaining Power of Buyers
Figure 3.7 Intensity of Competitive Rivalry
Figure 4.1 Global Autonomous Ship Market (Units), 2024-2035
Figure 4.2 Global Ocean Surface Robot Market (by Value and Volume), 2017-2028
Figure 5.1 Global Autonomous Ship Market Size for Commercial Usage
Figure 5.2 Levels of Autonomy in Ships
Figure 5.3 Ship Intelligence and Enabling Technologies
Figure 5.4 Autonomous Ship Ecosystem
Figure 5.5 Global Autonomous Ships Research Organizations
Figure 5.6 Crew Size for Ocean-Going Cargo Ships, 1960-2024
Figure 5.7 General Cargo Ship Vs Autonomous Cargo Ship: Cost Analysis
Figure 5.8 Autonomous Ship Product Launches, 2018-2028
Figure 5.9 AAWA: Timeline
Figure 6.1 Global Ocean Surface Robot Market (by Value and Volume), 2017-2028
Figure 6.2 Global Ocean Surface Robot Market (by Mode of Operation)
Figure 6.3 Global Ocean Surface Robot Market (by Mode of Operation), 2017-2028
Figure 6.4 Global Semi-Autonomous Ocean Surface Robot Market, 2017-2028
Figure 6.5 Global Fully-Autonomous Ocean Surface Robot Market, 2017-2028
Figure 6.6 Global Ocean Surface Robot Market (by Subsystem)
Figure 6.7 Global Ocean Surface Robot Market (by Subsystem), 2017-2028
Figure 6.8 Types of Propulsion Systems
Figure 6.9 Ocean Surface Robot Market for Propulsion System, 2017-2028
Figure 6.10 Ocean Surface Robot Market for Sensory System, 2017-2028
Figure 6.11 Ocean Surface Robot Market for Connectivity and Communication System, 2017-2028
Figure 6.12 Global Ocean Surface Robot Market for Structure, 2018-2028
Figure 6.13 Global Ocean Surface Robot Market (by End User and Application)
Figure 6.14 Global Ocean Surface Robot Market (by End User), 2017-2028
Figure 6.15 Global Ocean Surface Robot Market for Naval End User, 2017-2028
Figure 6.16 Global Ocean Surface Robot Market for Anti-Submarine Warfare Application, 2017-2028
Figure 6.17 Global Ocean Surface Robot Market for ISR Application, 2017-2028
Figure 6.18 Global Ocean Surface Robot Market for Maritime Security Application, 2017-2028
Figure 6.19 Global Ocean Surface Robot Market for Mine Counter-Measures Application, 2017-2028
Figure 6.20 Global Ocean Surface Robot Market for Commercial End User, 2017-2028
Figure 6.21 Global Ocean Surface Robot Market for Oil and Gas Exploration Application, 2017-2028
Figure 6.22 Global Ocean Surface Robot Market for Ocean Data Collection Application, 2017-2028
Figure 6.23 Global Ocean Surface Robot Market for Transportation Application, 2017-2028
Figure 6.24 Global Ocean Surface Robot Market for Scientific Research End User, 2017-2028
Figure 6.25 Global Ocean Surface Robot Market for Oceanographic and Hydrographic Survey Application, 2017-2028
Figure 6.26 Global Ocean Surface Robot Market for Seabed Mapping Application, 2017-2028
Figure 6.27 Global Ocean Surface Robot Market for Environmental Data Collection Application, 2017-2028
Figure 6.28 Global Ocean Surface Robot Market for Law Enforcement End User, 2017-2028
Figure 6.29 Global Ocean Surface Robot Market for Search and Rescue Application, 2017-2028
Figure 6.30 Global Ocean Surface Robot Market for Coast Guard Application, 2017-2028
Figure 6.31 Classification of Ocean Surface Robot Market (by Region)
Figure 6.32 Global Ocean Surface Robot Market (by Region), 2017-2028
Figure 6.33 North America Ocean Surface Robot Market (by Country)
Figure 6.34 North American Ocean Surface Robot Market Analysis (by End User)
Figure 6.35 Key Factors Driving the Ocean Surface Robot Market in the U.S.
Figure 6.36 The U.S. Ocean Surface Robot Market Size, 2018-2028
Figure 6.37 Key Factors Driving the Ocean Surface Robot Market in Canada
Figure 6.38 Canada Ocean Surface Robot Market Size, 2017-2028
Figure 6.39 Europe Ocean Surface Robot Market (by Country)
Figure 6.40 Europe Ocean Surface Robot Market Analysis (by End User)
Figure 6.41 Key Factors Driving the Ocean Surface Robot Market in the U.K.
Figure 6.42 The U.K. Ocean Surface Robot Market Size, 2017-2028
Figure 6.43 Key Factors Driving the Ocean Surface Robot Market in Denmark
Figure 6.44 Denmark Ocean Surface Robot Market Size, 2017-2028
Figure 6.45 Key Factors Driving the Ocean Surface Robot Market in Norway
Figure 6.46 Norway Ocean Surface Robot Market Size, 2017-2028
Figure 6.47 Key Factors Driving the Ocean Surface Robot Market in Finland
Figure 6.48 Finland Ocean Surface Robot Market Size, 2017-2028
Figure 6.49 Key Factors Driving the Ocean Surface Robot Market in Russia
Figure 6.50 Russia Ocean Surface Robot Market Size, 2017-2028
Figure 6.51 Key Factors Driving the Ocean Surface Robot Market in Rest of the Europe
Figure 6.52 Rest-of-Europe Ocean Surface Robot Market Size, 2017-2028
Figure 6.53 Asia-Pacific Ocean Surface Robot Market (by Country)
Figure 6.54 Asia-Pacific Ocean Surface Robot Market Analysis (by End User)
Figure 6.55 Key Factors Driving the Ocean Surface Robot Market in China
Figure 6.56 China Ocean Surface Robot Market Size, 2017-2028
Figure 6.57 Key Factors Driving the Ocean Surface Robot Market in India
Figure 6.58 India Ocean Surface Robot Market Size, 2017-2028
Figure 6.59 Key Factors Driving the Ocean Surface Robot Market in Japan
Figure 6.60 Japan Ocean Surface Robot Market Size, 2017-2028
Figure 6.61 Key Factors Driving the Ocean Surface Robot Market in Rest-of-Asia-Pacific
Figure 6.62 Rest-of-Asia-Pacific Ocean Surface Robot Market Size, 2017-2028
Figure 6.63 Rest-of-the-World Ocean Surface Robot Market (by Region)
Figure 6.64 Rest-of-the-World Ocean Surface Robot Market Analysis by End-User
Figure 6.65 Key Factors Driving the Ocean Surface Robot Market in Middle East
Figure 6.66 Middle East Ocean Surface Robot Market Size, 2017-2028
Figure 6.67 Key Factors Driving the Ocean Surface Robot Market in Latin America
Figure 6.68 Latin America Ocean Surface Robot Market Size, 2017-2028
Figure 6.69 Key Factors Driving the Ocean Surface Robot Market in Africa
Figure 6.70 Africa Ocean Surface Robot Market Size, 2017-2028
Figure 7.1 Share of Key Company Profiles
Figure 7.2 SWOT Analysis – ASV Global
Figure 7.3 SWOT Analysis – Atlas Elektronik GmbH
Figure 7.4 SWOT Analysis – Automated Ships Ltd.
Figure 7.5 BAE Systems plc – Overall Financials, 2015-2017
Figure 7.6 BAE Systems plc – Net Revenue by Business Segment, 2015-2017
Figure 7.7 BAE Systems plc – Net Revenue by Region, 2015-2017
Figure 7.8 SWOT Analysis – BAE Systems plc
Figure 7.9 ECA Group Products and Services
Figure 7.10 ECA Group – Overall Financials, 2015-2017
Figure 7.11 ECA Group – Net Revenue (by Business Segment), 2015
Figure 7.12 ECA Group – Net Revenue (by Business Segment), 2016 and 2017
Figure 7.13 SWOT Analysis – ECA Group
Figure 7.14 Elbit Systems Ltd. – Product Offerings
Figure 7.15 Elbit Systems Ltd. – Overall Financials, 2015-2017
Figure 7.16 Elbit Systems Ltd. – Net Revenue (by Business Segment), 2015-2017
Figure 7.17 Elbit Systems Ltd. – Net Revenue (by Region), 2015-2017
Figure 7.18 SWOT Analysis – Elbit Systems Ltd.
Figure 7.19 Kongsberg Gruppen– Overall Financials, 2015-2017
Figure 7.20 Kongsberg Gruppen – Net Revenue (by Business Segment), 2015
Figure 7.21 Kongsberg Gruppen – Net Revenue (by Business Segment), 2016 and 2017
Figure 7.22 Kongsberg Gruppen – Net Revenue (by Region), 2016-2017
Figure 7.23 SWOT Analysis – Kongsberg Gruppen
Figure 7.24 SWOT Analysis – Liquid Robotics
Figure 7.25 SWOT Analysis – Rafael Advanced Defense Systems Ltd.
Figure 7.26 Rolls-Royce Holding plc– Overall Financials, 2015-2017
Figure 7.27 Rolls-Royce Holding plc – Net Revenue (by Business Segment), 2015-2017
Figure 7.28 Rolls-Royce Holding plc – Net Revenue (by Region), 2015-2017
Figure 7.29 SWOT Analysis – Rolls-Royce Holding plc
Figure 7.30 Saab AB– Overall Financials, 2015-2017
Figure 7.31 Saab AB– Net Revenue (by Business Segment), 2015-2017
Figure 7.32 Saab AB– Net Revenue (by Region), 2015-2017
Figure 7.33 SWOT Analysis – Saab AB
Figure 7.34 SWOT Analysis – SeaRobotics
Figure 7.35 Singapore Technologies Engineering Ltd – Overall Financials, 2015-2017
Figure 7.36 Singapore Technologies Engineering Ltd – Net Revenue (by Business Segment), 2015-2017
Figure 7.37 Singapore Technologies Engineering Ltd – Net Revenue (by Region), 2015-2017
Figure 7.38 SWOT Analysis – Singapore Technologies Engineering Ltd
Figure 7.39 Textron Inc. – Overall Financials, 2015-2017
Figure 7.40 Textron Inc. – Net Revenue (by Business Segment), 2015-2017
Figure 7.41 Textron Inc. – Net Revenue (by Region), 2015-2017
Figure 7.42 SWOT Analysis – Textron Inc.
Figure 7.43 Thales Group – Overall Financials, 2015-2017
Figure 7.44 Thales Group – Net Revenue (by Business Segment), 2015-2017
Figure 7.45 Thales Group – Net Revenue (by Region), 2015-2017
Figure 7.46 SWOT Analysis – Thales Group
Figure 8.1 Global Ocean Surface Robot Market Segmentation
Figure 8.2 Secondary Data Sources
Figure 8.3 Top-Down and Bottom-Up Approach
Figure 8.4 Global Autonomous Ship and Ocean Surface Robot Market Influencing Factors
Figure 8.5 Assumptions and Limitations

Report Description

The rising need of autonomy by the law enforcement agencies, commercial industries, scientific research organizations, and naval forces has driven the demand for autonomous ships and ocean surface robots. These vehicles are capable of carrying out maritime applications without the need for an onboard human operator. Additionally, the growing maritime challenges increase the demand for the autonomous ships and ocean surface robots to perform operations including environmental monitoring, seabed mapping, anti-submarine warfare, and underwater mine-hunting, among others. Moreover, these systems also help in detecting and tracking maritime threats in order to protect the nation from marine attacks.

Major factors such as growing investment in marine robotics technology, advantages of utilizing autonomous cargo ships, and underlying advantages of incorporating electrically-powered engines are expected to create lucrative opportunities for the market in the next ten years. The autonomous ship market is expected to cumulatively generate a revenue of $3.48 billion by 2035, growing at a CAGR of 26.7% in terms of volume during the period 2024-2035. In terms of value, the global ocean surface robot market accounted for $505.7 million in the year 2017.

Key Questions Answered in this Report

The following points provide a concrete description of topics covered in the report:

• What was the market size of the ocean surface robots market in terms of value and volume in 2017, and what will be the growth rate during the forecast period 2018-2028?
• What number of autonomous ships are commercially available in the market from 2024 to 2035 for optimistic, idealistic, and pessimistic scenarios?
• Which companies are involved in the ecosystem of autonomous ship industry? What are the major developments by these industry players?
• What is the market size of different modes of operations of semi-autonomous and fully-autonomous ocean surface robots?
• What was the market value of different subsystems of ocean surface robots in 2017? What are the technological advancements in every subsystem?
• What is the market analysis of end users of ocean surface robots, such as naval, commercial, scientific research, and law enforcement, on the basis of different applications?
• What is the market size of ocean surface robots on the basis of the leading nations across different geographical regions? Furthermore, what is the market analysis of regions on the basis of different end users?
• What are the key trends and opportunities in the ocean surface robot market across nations and regions globally?
• What are the major driving forces that are expected to increase the demand of autonomous ships and ocean surface robots during the forecast period?
• What are the major challenges inhibiting the growth of the global autonomous ship and ocean surface robot market?
• What kind of new strategies are adopted by the existing market players to make a mark in the autonomous ship and ocean surface robot industry?
• What is the competitive strength of the key players in the ocean surface robot market through market share analysis and player positioning model?
• Who are the key players operating in the market, along with their business financials, company snapshots, key products & services, major developments, SWOT analysis and future programs?

Market Overview

With increasing seaborne trade worldwide, there is an imminent need to reduce the risk factors associated with the cargo, make room for more cargo, and automate the operations. Therefore, with the prospect of implementing autonomy in the ship industry, there is an increase in the demand for unmanned ocean-going vehicles and ships as they fundamentally eliminate the operators from the platform and allow new modes of operations. Ocean surface robots, popularly known as unmanned surface vehicles, come in varied forms and greatly depend on their intended function. Initially, the ocean surface robots were designed and developed for educational use. However, with continued advancements in the system, ocean surface robots have been increasingly utilized for environment data collection and monitoring, thus acting as more efficient and cost-effective solutions than the conventional ocean-going ships. Furthermore, autonomy is also used for cargo shipping, thus reducing the overall cost associated with crew handling. With the increase in the automation of operations, there has been a decrease in the cargo shipping cost, thereby reducing the average earning of cargo shipping service providers.

Some of the key players in the autonomous ship and ocean surface robot industry are ASV Global (U.K.), Atlas Elektronik GmbH (ThyssenKrupp) (Germany), Automated ships Ltd. (U.K.), BAE Systems plc (U.K.), ECA Group (France), Elbit Systems (Israel), Kongsberg Gruppen (Norway), Liquid Robotics (U.S.), Rafael Advanced Defense Systems Ltd. (Israel), Rolls-Royce Holding plc (U.K.), Saab AB (Sweden), SeaRobotics (U.S.), Singapore Technologies Engineering Ltd. (Singapore), Textron Inc. (U.S.), and Thales Group (France).

The autonomous ship and ocean surface robot market has witnessed a high growth rate owing to enhanced advantages of these systems in environmental monitoring and increasing need for maritime security. The rising need for autonomy in the ocean-going vehicles by law enforcement agencies, commercial industries, scientific research organizations, and naval forces has driven the demand for autonomous ships and ocean surface robots. These vehicles are capable of carrying out maritime applications without the need for an onboard human operator. In addition, the growing maritime challenges increase the demand for the autonomous ship and ocean surface robot to perform operations including environmental monitoring, seabed mapping, anti-submarine warfare, and underwater mine-hunting, among others. Considering an optimistic scenario, autonomous ships are expected to be commercially available in the market by 2024 with more than 130 ships from 2024 to 2035. In terms of value, the global ocean surface robot market accounted for $505.7 million in the year 2017.

With Europe having the highest market share during the period 2017-2028, the demand for ocean surface robots across different geographies in the near future is expected to be promising. The region is anticipated to witness the highest growth rate during the period 2018-2028 mainly due to factors such as increased investment by the government and the development and enhancement of ocean surface robot subsystems by various companies.