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This report, market landscape, and market sizing covers any technology that enables either the remote operation or automation of navigational decision making for surface vessels of any size. Vessels that operate underwater are specifically excluded. The autonomous shipping market can be broadly split into six segments; surface drones, workboats, autonomous and remote operated ships, decision support systems, enabling technologies, and autonomous vessel management and support.
There are 50 commercial organisations worldwide building technology or services to support remotely operated and autonomous vessels. 42% of them are startups and 37% of them are SMEs. There are a growing number of corporate entities building technology for the sector, all of whom are already original equipment manufacturers for the maritime or defence sectors. Since 2010, $113million of venture capital has been invested in startups developing unmanned and autonomous vessel technologies. The best funded startup in the sector is California based Saildrone, having raised $88.5million across four funding rounds. The median average funding raised by startups in the sector is $2.6million.
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