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ASV Global

asvglobal.com

Founded Year

1998

Stage

Acquired | Acquired

About ASV Global

ASV Global is a supplier of unmanned and autonomous marine systems.

Headquarters Location

Unit 12 Murrills Estate Southampton Road

Fareham, England, PO16 9RD,

United Kingdom

+44 (0)23 9238 2573

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Latest ASV Global News

Global Autonomous Ships Market Report to 2030 - by Autonomy, Solution, Ship Type, Propulsion, End-user and Region - ResearchAndMarkets.com

Sep 21, 2022

ASV Global Vigor Industrial The study covers the comparative analysis of different segments for the years 2019 - 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. The concept of autonomous cargo ships has been into existence since decades. The concept has gained momentum with the advent of advanced sensor technology enabling the development of driverless cars and unmanned aircraft. Autonomous ships are unmanned vessels that are operated remotely from control stations onshore. This virtually eliminates the need for any human personnel onboard. Autonomous ships are based on three basic components viz. sensor combination, control algorithm and communication. Sensor combination includes fusing different types of radars, thermal imaging sensors, LiDAR, visual cameras and several other sensors. The data gathered from all of the aforementioned devices is used to gain an accurate perspective of the surrounding conditions. Control algorithm is designed to analyze the data gathered from sensor network for navigation and collision avoidance. The communication module is responsible for connectivity with satellite and control station. The overall autonomous "ships market" is expected to be driven by the enhanced operation offered by these vessels over conventional manual vessels. Autonomous ships are believed to be capable of reducing operating costs by nearly 20%. In addition, autonomous ships eliminate the possibility of human errors, thereby reducing the number of accidents. Furthermore, market growth is also expected from the rising military budgets over unmanned systems. Rising technological advancement is estimated to provide substantial boost to the adoption of autonomous ships across the defense sector. Nevertheless, lack of regulatory framework and the threat of cyber-attacks pose a significant challenges to the market growth. Key questions answered in this report What are the key micro and macro environmental factors that are impacting the growth of Autonomous Ships market? What are the key investment pockets with respect to product segments and geographies currently and during the forecast period? Estimated forecast and market projections up to 2030. Which segment accounts for the fastest CAGR during the forecast period? Which market segment holds a larger market share and why? Are low and middle-income economies investing in the Autonomous Ships market? Which is the largest regional market for Autonomous Ships market? What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East - Africa? Which are the key trends driving Autonomous Ships market growth? Who are the key competitors and what are their key strategies to enhance their market presence in the Autonomous Ships market worldwide? Key Topics Covered: 4. Autonomous Ships Market: By Autonomy, 2020-2030, USD (Billion) 5. Autonomous Ships Market: By Solution, 2020-2030, USD (Billion) 6. Autonomous Ships Market: By Ship Type, 2020-2030, USD (Billion) 7. Autonomous Ships Market: By Propulsion, 2020-2030, USD (Billion) 8. Autonomous Ships Market: By End User, 2020-2030, USD (Billion) 9. North America Autonomous Ships Market, 2020-2030, USD (Billion) 10. UK and European Union Autonomous Ships Market, 2020-2030, USD (Billion) 11. Asia Pacific Autonomous Ships Market, 2020-2030, USD (Billion) 12. Latin America Autonomous Ships Market, 2020-2030, USD (Billion) 13. Middle East and Africa Autonomous Ships Market, 2020-2030, USD (Billion) 14. Company Profile Contacts

ASV Global Frequently Asked Questions (FAQ)

  • When was ASV Global founded?

    ASV Global was founded in 1998.

  • Where is ASV Global's headquarters?

    ASV Global's headquarters is located at Unit 12 Murrills Estate, Fareham.

  • What is ASV Global's latest funding round?

    ASV Global's latest funding round is Acquired.

  • Who are the investors of ASV Global?

    Investors of ASV Global include L3 Technologies.

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