Issuing agency: Lloyd's Register
Column: research report
source: https://www.lr.org/en/knowledge/research-reports/2024/beyond-the-horizon/
Opportunities and Obstacles in the Maritime AI Boom
2024 research estimates that the AI market is worth a staggering US $4.13 billion with a 5-year Compound Annual Growth Rate (CAGR) of 23%.
New report by Thetius, commissioned by Lloyd's Register, explores the current state of operational AI in the shipping industry. It examines the latest trends and developments in AI applications, provides case studies showcasing successful implementations, and discusses the critical considerations for achieving a successful return on investment (ROI).
From predictive maintenance to autonomous navigation, the report showcases real-world case studies and highlights the significant growth and investment in AI solutions. It also provides an in-depth analysis of market trends, key players, and the factors driving AI adoption in shipping. It offers valuable insights for stakeholders looking to leverage AI for competitive advantage.
This report is part of LR's Digital Transformation Research Programme.