The global autonomous cranes market was valued at $1.56 billion in 2020. The global autonomous market is forecast to grow at a CAGR of 18.9% during the forecast period from 2021-2027. The market is forecast to reach $6.65 billion in 2027. 

An autonomous crane is a mechanical equipment attaching wire ropes, shelves, or chains to hoist ropes and utilizing software and hardware supported by smart technology, such as artificial intelligence (AI) and machine vision. The autonomous crane offers distinct advantages in the new generation of equipment for lifting and moving heavy materials, including collision avoidance, time efficiency, and operational efficiency. The autonomous crane market is currently in its introductory phase, and most participants are busy developing products that cater to specific end-user requirements. A crane can be operated autonomously from a control room, where the operator can supervise crane activities and ensure a high level of safety and comfort. 

Factors Affecting the Global Autonomous Cranes Market

• Several factors, such as a surge in public-private partnerships (PPPs) and smart cranes with increasing levels of technology, are factoring into the development of the autonomous crane market.
• The market's growth has suffered from unstable raw material prices and the lack of skilled workers. 
• A major growth opportunity for market players will be developing agreements and contracts for long-term business opportunities.

Regional Analysis of the Global Autonomous Cranes Market

Due to its fast-growing population, Asia-Pacific is forecast to grow at a higher compound annual growth rate. The above factor alone makes the region a leader in autonomous crane market share during the forecast period. A rise in GDP per capita and improved infrastructure have allowed rural areas to become urban areas to a greater extent. Due to the sudden rise in demand, cities are falling into unsustainable consumption models. In addition, a large number of top-tier players are located in the region.

Autonomous cranes are in high demand in China, Germany, and the United States.

Key Players in the Global Autonomous Cranes Market

• Columbus McKinnon 
•  AIDrivers Ltd
• Cargotec Corporation 
• Komatsu Ltd. 
• Konecranes Plc 
• Schneider Electric 
• INTSITE Ltd.
• SMIE 
• Syracuse
• VOCA
• Other Prominent Players

Recent Developments of the Key Players in the Global Autonomous Cranes Market

• In 2021, AIdrivers announced a partnership with Largo Robotics, a Turkish company working on next-generation autonomous electric vehicles.
• In 2021, a subsidiary of cargotec, Hiab, acquired Galfab, which is focused primarily on waste handling equipment for the domestic market. Hiab has agreed to acquire Demountables, Forestry & Recycling Cranes. By acquiring Galfab, Hiab expands its demountable portfolio and, at the same time, broadens its nationwide service and sales network in the US.
• In 2021, Columbus McKinnon Corporation, a leading developer and manufacturer of motion solutions for material handling, reorganized its business by acquiring Dorner Manufacturing Corporation. 

Aim of the Report: The Global Autonomous Cranes Market

The global autonomous cranes market is segmented by End-User Vertical, Business Type, Mobility, and Region.

Segmentation based on End-User Vertical

• Building & Construction
• Marine & Offshore
• Mining & Excavation
• Others

Segmentation based on Business Type

• OEM
• Aftermarket

Segmentation based on Mobility

• Static
• Mobile

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America