Global Inland Water Passenger Transport Market

Inland water freight transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of at least 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways. The main types of transportation in the inland water freight transport market are liquid bulk transportation and dry bulk transportation. Dry bulk transportation involves the shipment of dry raw materials in large, unpackaged parcels. It is also segmented by fuel into heavy fuel oil, diesel, biofuel, and others; and by vessel type into cargo ships, container ships, tankers, and others. The inland water freight transport market research report is one of a series of new reports from The Business Research Company that provides inland water freight transport market statistics, including inland water freight transport industry global market size, regional shares, competitors with an inland water freight transport market share, detailed inland water freight transport market segments, market trends and opportunities, and any further data you may need to thrive in the inland water freight transport industry. This inland waterway freight transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global inland water freight transport market size will grow from $16.99 billion in 2022 to $17.82 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global inland water freight transport market size is expected to grow to $20.70 billion in 2027 at a CAGR of 3.8%. The need for economical transportation for cargo has been the main driving factor for the inland water freight transport market. Water freight is usually considered inexpensive and economical for heavier cargo because of the difference in fare charging in comparison to other modes of transport. On water transport, the rate is often calculated by the cubic metre of the standard container. On the other hand, in air transport, the chargeable weight is calculated by a combination of size and weight of cargo. According to the U.S. Department of Transportation, goods worth approximately $736 billion were shipped through ocean vessels in 2000, and by 2020, international trade is expected to double within the US, with the majority of the trade expected to move via ocean shipping. According to the World Bank, which is the major financer of India's National Waterway Project, the cost of transporting one tonne of freight over 100 km through roadways is around $3.07; through railways it is around $1.93; and through waterways it is around $1.62; and this makes waterways the economical way of transporting cargo in India. Volatility in the crude oil price is impacting water transport, and therefore it is expected to restrain the market for inland water freight transport during the period. According to the United Nations Conference on Trade and Development, fuel oil is a major source powering the global economy and supplies 95% of the energy used in world transport. Water transport carries over 80% of global merchandise trade by volume and is highly dependent on oil. As the cost of oil rises, the carriers are forced to raise prices or bear losses. Usually, the receiver is charged more to make up for the added costs. Higher fuel costs cause product inflation and affect every aspect of product transportation. When fuel prices fall, the consumer receives goods at a low price, and logistics companies use the saved money to improve their operations. Fuel price changes have a direct impact on operational costs. For instance, according to US energy information administration data, crude oil prices rose during the year 2021, with Brent crude oil spot prices averaging $71/b for the year compared with $42/b in 2020, thus increasing the operating costs of water transport and hindering the inland water freight transport market's growth. The development of information technology platforms for better vessel management is an emerging trend in the inland water freight transport market. For instance, in April 2021, according to research published in Springer, a Germany based publishing company, about 80% of global trade by volume was carried by waterways, with a fleet of 95402 ships in 2019. Information technology on ships is used for fuel optimization and monitoring vessel performance, recognising scanned copies and photos of documents, customer relationship management, warehouse management, and Que management systems. A few significant online apps and portals used for operations management on ships are BunkerEx, an online portal for ship owners helping in finding optimal bunker ports; Nautilus Labs, which takes data from sensors, manual reports, and market information to get a unified fleet intelligence picture; and Radiantfleet, with its software, helps in digitising workflows, cutting costs, and improving budgeting. Therefore, the combination of digital and physical connectivity helps carriers and seaports integrate their processes with shippers and track devices for containers and cargo. In April 2020, Kirby Corporation, a USA-based waterway transport company, acquired Savage Inland Marin’s inland barge fleet for $278 million. With this acquisition, Kirby Corporation will be able to provide better service to customers’ fleeting needs with young and well-maintained vessels. Savage Inland Marine is a USA-based company operating in inland water freight transport. Major players in the inland water freight transport market are American Commercial Barge Line, Ingram Barge, Kirby Inland Marine, American River Transportation, CMA CGM Group, McKeil Marine Limited, AP Moller - Maersk A/S, Rhenus Group, and Imperial Logistics International. Western Europe was the largest region in the inland water freight transport market in 2022. Asia-Pacific was the second largest region in the global inland water freight transport market. The regions covered in the global inland water freight transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the inland water freight transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The inland freight water transport market includes revenues earned by entities by providing navigation as well as drainage, irrigation, water supply, and hydroelectric power generation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global inland water freight transport market is segmented - 1) By Type Of Transportation: Liquid Bulk Transportation, Dry Bulk Transportation 2) By Fuel: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels 3) By Vessel Type: Cargo Ships, Container Ships, Tankers, Other Vessel Types

Inland water transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of not less than 50 tons can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways. The main types of transport in the inland water transport market are inland water freight transport and inland water passenger transport. Inland Water Freight Transport refers to the stretches of water that are not part of the sea but are suitable for navigation for vessels. Freight movement using inland waterways is not only cost-effective but also fuel-efficient. The inland water transport market research report is one of a series of new reports from The Business Research Company that provides inland water transport market statistics, including inland water transport industry global market size, regional shares, competitors with an inland water transport market share, detailed inland water transport market segments, market trends and opportunities, and any further data you may need to thrive in the inland water transport industry. This inland water transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global inland water transport market grew from $18.64 billion in 2022 to $19.56 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The inland water transport market is expected to grow to $22.81 billion in 2027 at a CAGR of 3.9%. Recently, companies are encouraging lean and green inland transportation. For improved efficiency, companies are focusing on natural gas in shipping, improved vessel designs, efficient loading and unloading of cargo, and many more. The companies are also retrofitting old equipment in ships with emission reduction devices, hull cleaning and coating, and high-performance propellers and nozzles. Certain advanced propulsion systems, such as fuel cell hybrid drive technologies, will be available soon in the market. With these efforts, the inland transport market is seeing steady growth in the upcoming years. Major companies in the inland water transport market include Nippon Yusen, Deutsche Post AG, Seacor Holdings Inc., American Commercial Lines LLC, Ingram Industries, AP Moller - Maersk A/S, Jeffboat, and European Cruise Service.American Commercial Lines LLC; Ingram Industries; AP Moller - Maersk A/S; Jeffboat; European Cruise Service Western Europe was the largest region in the inland water transport market in 2022. Asia-Pacific was the second largest region in the inland water transport market. The regions covered in the inland water transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the inland water transport market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The market for inland water transport includes revenues earned by entities by providing navigation as well as drainage, irrigation, water supply, and hydroelectric power generation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global inland water transport market is segmented - 1) By Type: Inland Water Freight Transport, Inland Water Passenger Transport

Water transport is a mode of transportation that uses ships, barges, and boats that can float on water surfaces to transport people, goods, and freight. This mode of transportation is less expensive than rail, road, and air transport, is beneficial for the carriage of heavy goods over long distances in foreign trade, and is also used in military operations to defend naval borders. The main types in the water transport market are the deep sea, coastal, and great lakes, and inland water transport. The deep-sea transportation mode transports people and goods via sea waterways. The market is also segmented by application into onshore and offshore. The water transport market research report is one of a series of new reports from The Business Research Company that provides water transport market statistics, including global water transport industry market size, regional shares, competitors with a water transport market share, detailed water transport market segments, market trends and opportunities, and any further data you may need to thrive in the water transport industry. This water transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global water transport market grew from $544.7 billion in 2022 to $575.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The water transport market is expected to grow to $694.19 billion in 2027 at a CAGR of 4.8%. Water transportation service companies are increasingly using sensor technologies to enable monitoring of remote locations of ships. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any one of several other environmental phenomena present on the ship. Sensors in remote locations of ships collect data autonomously and relay the data to the control room in real-time. The data captured by the sensor allows shipowners to improve the overall maintenance cycle of visits, including condition monitoring and condition-based monitoring. For instance, NoraSens and Silicon Radar are some of the companies that manufacture sensors for ships. Major companies in the water transport market include A.P. Møller-Mærsk A/S, China Ocean Shipping Company Limited, Cargill Incorporated; CMA CGM S.A., Hapag-Lloyd AG, Nippon Yusen, Evergreen Marine Corp, K-Line, Hyundai Merchant Marine Co. Ltd., and Kuehne + Nagel International AG. Asia-Pacific was the largest region in the water transport market in 2022. Western Europe was the second largest region in the global water transport market. The regions covered in the water transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The water transport market includes the revenue generated by entities that transport goods and people from one location to another using marine for long distance travel. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The water transport market includes the revenue generated by entities that transport goods and people from one location to another using marine for long distance travel. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global water transport market is segmented - 1) By Type: Deep Sea, Coastal, And Great Lakes, Inland Water Transport 2) By Application: Onshore, Offshore Subsegments Covered: Deep Sea Transport, Coastal and Great Lakes Transport, Inland Water Freight Transport, Inland Water Passenger Transport

Autonomous marine vehicles are robotic equipment that travels below or on the surface of the water without requiring input from a human operator. The main types of autonomous marine vehicles are surface vehicles and underwater vehicles. A surface vehicle is a car for transportation on land, as opposed to a subway car or any other elevated car. The different applications involved are military & defence, archaeological, exploration, oil & gas, environmental protection and monitoring, search and salvage operations, and oceanography. The technologies involved are imaging, navigation, communication, collision avoidance, and propulsion. The autonomous marine vehicles market research report is one of a series of new reports from The Business Research Company that provides autonomous marine vehicle market statistics, including global market size, regional shares, competitors with an autonomous marine vehicle market share, detailed autonomous marine vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous marine vehicle industry. This autonomous marine vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global autonomous marine vehicles market grew from $2298.08 billion in 2022 to $2654.08 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autonomous marine vehicles market is expected to grow from $4789.11 billion in 2027 at a CAGR of 15.9%. The autonomous marine vehicle market is being driven by a rise in hydrographic, oceanographic, and environmental surveys conducted globally. A hydrographic survey measure describes and maps features that can be found underwater. The main purpose of conducting these surveys is to produce navigational charts essential for the safe transit of vessels. An oceanographic survey helps with the accurate understanding of marine and freshwater environments for port and harbour development, wastewater and industrial outfalls, power plant intakes and outfalls, and offshore disposals. An autonomous surface vehicle (ASV) provides an efficient method of undertaking a hydrographic survey, as it saves both cost and time. It is also flexible and convenient, which allows for faster deployment for several survey requirements, from event surveys to large coastal surveys. For instance, according to the world’s first autonomous hydrographic survey, by 4D Ocean, after the channel Coastal Observatory (CCO) commissioned it to carry out a hydrographic survey of the seabed that is offshore of Hurst Spit, Western Solent, with the help of a SeaRobotics ASV 2.5. The vulnerability of ships to cyber threats due to automation is a major restraint for the autonomous marine vehicle market. This is mainly because cyberspace and its associated infrastructure are vulnerable to a versatile range of risks coming from cyber threats and attacks. The use of automation, which negates the need for human intervention on ships and in ports, increases the chances of security breaches. A cyber-attack can misguide an autonomous ship to move in a different direction or move to a separate port, which can lead to misplacement and delay of goods and services. For example, container ship and supply vessel operator A.P. Moller-Maersk became a victim of a cyber-attack that resulted in a loss of around $250–300 million for the company. According to a survey by law firm Clyde & Co and the Institute of Marine Engineering, Science & Technology (IMarEST), over two-thirds of marine industry executives surveyed from across the world fear that unmanned/autonomous ships present a greater cyber-security risk than traditional ships. Maritime drone swarming for better surveillance and investigation capabilities is an emerging trend in the autonomous marine vehicle market. Maritime drone swarms are a large group of underwater vehicles moving together for a particular purpose. The drone swarm has a wide range of capabilities in defence applications since it is capable of performing surveillance and investigation tasks followed by defensive or offensive countermeasures. As the swarm works collectively to navigate through the underwater environment, it senses a wider area in a shorter time by making use of several sensing techniques to build a comprehensive map of the environment. For instance, the European Union (EU) is currently funding a research project called Ocean2020, which will facilitate a combination of drones and unmanned submarines into swarms or fleet units. In another example, the US Navy's Undersea Warfare Center approved a grant of $78,000 for Aquabotix’s SwarmDiver technology to support the US Navy and allied vessels. The International Maritime Organization (IMO) has regulations related to ballast water management in marine vehicles. Ballast water is defined as water that is pumped inside a marine vehicle to maintain safe operating conditions and operations. Regulation D-3 by the IMO requires that ballast water management systems that use active substances be approved following the specifications defined by the IMO. As per the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, active substances are those which include a virus or a fungus, having a general or specific action on or against harmful aquatic organisms or pathogens. Hence, regulations such as these would keep a check on manufacturers of ballast water management systems as well as the companies in the autonomous marine vehicle market. Major players in the autonomous marine vehicles market include Asv Global/ASV Unmanned Marine Systems, Atlas Elektronik, Teledyne Technologies, ECA Group, and Sea Robotics Inc. North America was the largest region in the autonomous marine vehicles market in 2022. Middle East was the second largest region in the global autonomous marine vehicles market report. The regions covered in the global autonomous marine vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous marine vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous marine vehicles market consists of sales of submarine gliders and autonomous underwater vehicles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous marine vehicles market is segmented - 1) By Type: Surface Vehicle, Underwater Vehicle 2) By Application: Military & Defense, Archeological, Exploration, Oil & Gas, Environmental Protection And Monitoring , Search And Salvage Operations , Oceanography 3) By Technology: Imaging, Navigation, Communication, Collision Avoidance, Propulsion

An autonomous ship means navigating a ship without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment. The autonomy in the autonomous ship market is fully autonomous, remote operations, and partial autonomous. Partial autonomous ships refer to the ships that are safer than the others and are operated by artificial intelligence, which helps to avoid droning of the ship. The propulsion types involved are fully electric or hybrid. The various fuel types involved are carbon-neutral fuels, LNG, electricity, and heavy fuel oil/marine engine fuel. The end-users involved are commercial and defense. The autonomous ships market research report is one of a series of new reports from The Business Research Company that provides autonomous ship market statistics, including global market size, regional shares, competitors with an autonomous ship market share, detailed autonomous ship market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous ship industry. This autonomous ship market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global autonomous ships market size will grow from $6.88 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autonomous ships market size is expected to grow to $9.47 billion in 2027 at a CAGR of 6.6%. Increasing marine accidents caused by human errors lead to high financial losses, which are predicted to act as a major driver for the growth of the autonomous ship market. Unmanned ships or autonomous technology apprehend accidents attributed to human errors and contribute to the higher potential of reducing onboard accidents. According to a 2021 report published by the Insurance Information Institute, a US industry association which exists to improve public understanding of insurance, in 2020, 49 large ships were completely lost, which is essentially unchanged from 48 in 2019. Therefore, the use of autonomous ships to reduce the increasing number of accidents due to human error and financial losses is expected to drive the demand for autonomous ships over the next few years. The increasing threat of cybersecurity and privacy is expected to limit the growth of the autonomous ship market during the forecast period. The advancements in technology and adoption of artificial intelligence (AI), mobility systems, and the internet of things (IoT) are creating higher chances of cybersecurity and data threats, which is a major challenge for the autonomous ship industry. According to the Association for Computing Machinery (ACM)’s journal on cybersecurity of the autonomous ship, cybersecurity is a serious issue for autonomous ships, regardless of the form and level of autonomy of the ship, owing to their increased dependence on ICT for controlling the ship, accessibility of systems to the internet, and increased connectivity of the ship’s control system to onshore monitoring systems. Thus, the rising threat of cybersecurity and privacy is predicted to act as a major factor restraining the autonomous ship market over the forthcoming years. Major companies are undertaking various strategic initiatives like the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ship industry. For instance, according to Offshore Energy news published in September 2021, UK engineering company Rolls-Royce and Sea Machines Robotics, the USA-based startup developing autonomous ship solutions, have started a new collaboration that will deliver comprehensive remote command, autonomous control, and intelligent crew support systems to the marine market. In November 2021, Ocean Power Technologies (OPT), a US-based company that provides critical ocean intelligence services, acquired Marine Advanced Robotics, Inc. (MAR) for an undisclosed amount. This acquisition gives OPT access to a proven, cutting-edge offshore product line that has roaming capabilities and greatly enhances the OPT business plan. Marine Advanced Robotics, Inc. (MAR) is a US-based developer and manufacturer of autonomous surface vehicles (ASVs). Major players in the autonomous ships market are General Electric, DNV GL, Rolls-Royce Holding PLC., Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd., Wärtsilä Corporation, DSME Co. Ltd., Vigor Industrial LL, and Praxis Automation Technology B.V. Asia-Pacific was the largest region in the autonomous ships market in 2022. Western Europe was the second largest region in the global autonomous ships market. The regions covered in the global autonomous ships market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous ships market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous ship market consists of sales of autonomous container ships, maritime autonomous surface ships (MASS), and crewless vessels. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous ships market is segmented - 1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous 2) By End-User: Commercial, Defense 3) By Propulsion Type: Fully Electric, Hybrid 4) By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel

The sea-based defense equipment refers to support and auxiliary equipment used in sea-based defense operations such as submarines. The sea-based defense equipment are the integrated naval component that provide critical regional and homeland defensive capability. The main types of sea-based defense equipment are battle force ships and submarines (including nuclear submarines). Battle force ships are authorized United States Ship (USS) warships capable of participating in combat operations, or a United States Naval Ship that directly supports Navy warfighting or assistance tasks and must be listed in the Naval Vessel Register. The different operations include autonomous sea-based defense equipment, manual and involve various applications such as search and rescue, combat operations, mcm operations, coastal surveillance, and others. The sea-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides sea-based defense equipment market statistics, including sea-based defense equipment industry global market size, regional shares, competitors with a sea-based defense equipment market share, detailed sea-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the sea-based defense equipment industry. This sea-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global sea based defense equipment market grew from $53.29 billion in 2022 to $57.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sea based defense equipment market is expected to grow to $71.22 billion in 2027 at a CAGR of 5.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. Geopolitical tensions are expected to have a negative impact on the sea-based defense equipment market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia; trade protectionism; and heightened military tensions in the Middle East. The sanctions on Russia were related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, the US imposed a number of sanctions on Russia, including sales of defense articles and services, government credit, or other financial assistance. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Companies involved in sea-based defense equipment manufacturing are developing artificial intelligence and robotics-based equipment. Sea-based defense equipment such as submarines and warships implementing these technologies is well equipped to initiate an attack with less human intervention and to detect and determine threats. Following the trend, in July 2021, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, unveiled its new Sea Breaker maritime and land-based long-range missile, a fifth-generation weapon system that combines artificial intelligence and decision-making algorithms. Up to 300 km away, Sea Breaker can deliver surgical, pinpoint precision strikes. It has an advanced imaging infrared seeker that is perfect for engaging stationary or moving land and maritime targets in advanced anti access/area denial (A2/AD) arenas. Major companies in the sea-based defense equipment market include General Dynamics, Huntington ingalls industries, Naval Group (Formerly DCNS), Bae Systems plc, Fincantieri SpA, Northrop Grumman Corp, Leonardo SpA, Raytheon Co, Lockheed Martin Corporation, and Mitsubishi Heavy Industries Ltd. Asia-Pacific was the largest region in the sea-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the sea-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the sea-based defense equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The sea-based defense equipment market consists of sales of sea-based defense equipment including naval vessels, crafts, radar, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global sea based defense equipment market is segmented - 1) By Type: Battle Force Ships, Submarines (including Nuclear Submarines) 2) By Operation: Autonomous Sea based Defense Equipment, Manual 3) By Application: Search And Rescue, Combat Operations, Mcm Operations, Coastal Surveillance, Others Subsegments Covered: Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts, SSN Submarine, SSBN Submarine, SSK Submarine

A submarine is a naval vessel capable of self-propulsion under the water and the water’s surface. Submarines can be used for civilian as well as defense purposes. The main types of submarines are nuclear-powered submarines, diesel-electric submarines, and ballistic missile submarines. A ballistic missile submarine is used to deploy submarine-launched ballistic missiles (SLBMs) with nuclear warheads. The various platforms include commercials that are used for surveillance, combat, marine environmental monitoring, and others. The submarine market research report is one of a series of new reports from The Business Research Company that provides submarine market statistics, including submarine industry global market size, regional shares, competitors with a submarine market share, detailed submarine market segments, market trends, and opportunities, and any further data you may need to thrive in the submarine industry. This submarine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global submarines market size will grow from $17.86 billion in 2022 to $18.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global submarines market size is expected to grow to $22.45 billion in 2027 at a CAGR of 4.4%. The rising investment in submarines is expected to propel the growth of the submarine market in the forecast period. A submarine is a type of vessel that can move both above and below sea level. Governments across the world are investing in submarines to improve local shipyard capacities and fill holes in the Navy's underwater war force. For instance, in September 2021, the United Kingdom government announced a £170 million investment in the next generation of Royal Navy submarines. BAE Systems and Rolls-Royce were each awarded contracts worth £85 million to deliver design and concept work for a future class of Royal Navy submarine. Therefore, the rising investment in submarines drives the growth of the submarine market. The high cost of submarines is expected to hamper the growth of the submarine market over the forecast period. A submarine is a type of vessel that can move both above and below sea level. The cost of the submarines depends on the size, design, and capabilities of the vessel. For instance, In August 2022, the Congressional Research Service, a US-based public policy research institute reported that the procurement cost of the 37th and 38th Virginia-class boats is estimated to be $7,250.6 million. Therefore, the high cost of submarines restrains the growth of the submarine market. The integration of 3D printing or additive manufacturing in submarines is a key trend gaining popularity in the submarine market. Major companies operating in the submarine sector are using 3D printing to build optimized submersible components and to improve performance by reducing essential properties such as weight. For instance, in February 2020, ThyssenKrupp Marine Systems, a Germany-based company that provides naval vessels, surface ships, and submarines, announced plans to expand the use of 3D printing for the production of submarine components. Thyssenkrupp Marine Systems has announced that the hydraulic block has been revamped by additive manufacturing for a submarine that has traditionally weighed 14 kg but now weighs only 2.1 kg. In March 2020, Huntington Ingalls Industries, an American-based military shipbuilding company, acquired Hydroid Inc. for an undisclosed amount. The acquisition is expected to enhance Huntington Ingalls Industries' capabilities in technical solutions for unmanned underwater vehicle (UUV) business, autonomous underwater vehicles (AUV), or marine robots. Hydroid, Inc., is an American-based company that manufactures underwater vehicles (UUVs). Major players in the submarines market are General Dynamics, Huntington Ingalls Industries, Mazagon Dock Shipbuilders Limited, ThyssenKrupp Marine Systems (TKMS), Kawasaki Heavy Industries Ltd., Daewoo Shipbuilding & Marine Engineering Co. Ltd., FINCANTIERI S.p.A, Lockheed Martin Corporation, BAE Systems, Saab AB, China Shipbuilding Industry Corporation (CSIC), Navantia SA and United Shipbuilding Corporation. North America was the largest region in the submarines market in 2022. North America is expected to be the fastest-growing region in the global submarines market during the forecast period. The regions covered in the global submarines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the submarines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The submarine market consists of sales of submarines for both civilian as well as defense purposes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global submarines market is segmented - 1) By Type: Nuclear Powered Submarine, Diesel Electric Submarine, Ballistic Missile Submarine 2) By Platform: Commercial, Military 3) By Application: Surveillance, Combat, Marine Environmental Monitoring, Others

Battle force ship refers to warships capable of aiding combat operations, such as aircraft carriers, and support crafts. The battle force ship components include an anchor, rudder, bow, keel, accommodation, propeller, mast, bridge, hatch coves, and bow thrusters. The main types of vessels in battle force ships are frigates, corvettes, destroyers, aircraft carriers, torpedo boats, support crafts, and others. A frigate is a navy ship that can travel at high speeds and is relatively small. Frigates are frequently deployed to defend other ships. The different applications include search and rescue, combat operations, mcm operations, coastal surveillance, and others and involve various technologies such as conventional power or nuclear power. The battle force ships market research report is one of a series of new reports from The Business Research Company that provides battle force ship market statistics, including battle force ship industry global market size, regional shares, competitors with a battle force ship market share, detailed battle force ship market segments, market trends and opportunities, and any further data you may need to thrive in the battle force ship industry. This battle force ship market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global battle force ships market size will grow from $35.43 billion in 2022 to $38.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global battle force ships market size is expected to grow to $48.77 billion in 2027 at a CAGR of 6.2%. A rise in maritime security investment will anticipate the growth of the battle force ship market. Maritime security basically deals with safety and security concerns regarding the prevention of intentional damage through sabotage, subversion, or terrorism. According to reports from the Ghana Ports and Harbours Authority, in 2020, Ghana’s Maritime Security is buckling up for increasing investments to enhance security to protect Ghana’s territorial waters following rising maritime insecurity threats across the West African sub-region. Thus, increased investment in maritime security is expected to boost the growth of the battle force ship market. The economic slowdown due to the COVID-19 impact is expected to limit the growth of the battle force ship market. The COVID-19 outbreak has led to restrictive containment measures that have involved closures of economic activities across the world, and their revival would be a serious challenge. In many countries, to cope with a declining economy, there are cost cuts in the budget for many sectors. For instance, in India, the defence budget is expected to be slashed by 20% to 40%, which is between $5.36 billion and $10.71 billion (INR 40,000 crore and INR 80,000 crore). Due to low budgets, the navy had to rethink its plan to have 200 warships by 2027. Therefore, the economic slowdown has resulted in low budget allocation in the defence sector, and the low budget can hamper the growth of the battle force ship market during the period. The rise in the use of 3D printing technology for shipbuilding is gradually increasing for battle force ships, which is likely to be an emerging trend in the market. 3D printing is a computer-controlled process in which materials are layered consecutively to form objects. The shipbuilding industry is increasingly adopting this 3D printing technology to improve efficiencies and the quality of the manufactured parts. Direct Metal Laser Sintering (DMLS) and Fused Deposition Modeling (FDM) are two main applications of 3D printing in shipbuilding. For instance, in April 2020, the Indian Navy collaborated with think3D, an Indian 3D printing service bureau, to generate on-demand replacement parts utilising additive manufacturing for both on- and off-shore circumstances. In March 2020, Huntington Ingalls Industries, a US-based shipbuilding company, acquired Hydroid Inc. for $350 million. The deal will help Huntington Ingalls Industries expand its strategic capabilities and growth in the autonomous and unmanned maritime systems market. It will also help Hydroid provide leading-edge autonomous unmanned underwater vehicles (UUVs) to the U.S. government and key allies. Hydroid Inc. is a maritime company specialising in unmanned underwater vehicles and autonomous underwater vehicles. Major players in the battle force ship market are BAE Systems, Lockheed Martin Corp., General Dynamics Corporation, Huntington Ingalls Industries, Abu Dhabi Ship Building, Austal, Damen Schelde Naval Shipbuilding (DSNS), Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, Mazagon Docks Limited, Naval Group SA, PO Sevmash, Thales, ThyssenKrupp Marine Systems AG, Fincantier, ASC PTY Ltd., Raytheon, SaaB AB, Mitsubishi Heavy Industries Ltd., Kawasaki Shipbuilding Corporation, Kockums AB, and United Shipbuilding Corporation. Asia-Pacific was the largest region in the battle force ships market in 2022. Western Europe is expected to be the fastest-growing region in the global battle force ships market during the forecast period. The regions covered in the global battle force ships market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the battle force ships market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The battle force ship market consists of sales of battle force ships, such as combat warships, and support watercraft. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced.  It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global battle force ships market is segmented - 1) By Vessel Type: Frigates, Corvettes, Destroyers, Aircraft Carriers, Torpedo Boats, Support Crafts, Others 2) By Technology: Conventional Powered, Nuclear Powered 3) By Application:  Search and Rescue, Combat Operations, MCM Operations, Coastal Surveillance, Others