Integrated Marine Automation System

Global Integrated Marine Automation System Market is valued at USD 3363.4 Million in 2018 and expected to reach USD 3890.1 Million by 2025 with the CAGR of 2.1% over the forecast period. Increasing maritime tourism, growing seaborne trade and high focus of government on the development of maritime safety rules are the major factors driving the market growth.

Scope Of The Report:

Integrated marine automation system is a system for distributed control and monitoring of wide range of tasks in offshore industry. The system covers all the important functions such as auxiliary machinery control, cargo monitoring and control, power management, and ballast/bunker monitoring and control. Hardware components and application softwares are used in the construction of system, plays a key role in the overall performance of the integrated marine automation system. Various benefits provided by these systems include enhanced vessel efficiency and safety, reduced maintenance cost, increased vessel uptime.

Global market for integrated marine automation system is segmented on the basis of ship type, solution, end-user, component and region & country level. By ship type the market is segmented into defense and commercial. By solution, the market is divided into vessel management system, safety system, power management system and process control. By component, the market divided into service and product. By end-user, the market is divided into aftermarket and OEM.

The regions covered in this marine automation system market report include North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of integrated marine automation system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc. 

Key Players for Global Integrated Marine Automation System Market Report: Some major key players for global integrated marine automation system market are Northrop Grumman, Siemens AG, Kongsberg Gruppen ASA, Consilium AB, Thales Group, Wartsila Corporation, Tokyo Keiki Inc., MTU Friedrichshafen, Honeywell International Inc., Praxis Automation Technology, Marine Technologies, API Marine Inc., and many among others.

Global Integrated Marine Automation System Market Dynamics:The market is anticipated to register stable growth during the forecast period. The increasing focus on technology advancement and its utilization in monitoring the various tasks of offshore industry is estimated to offer significant market growth opportunities. Over the last few years, adoption of autonomous systems in marine sector has been increased owing to its advantages in delivering goods without any interference. In addition, these systems are more efficient and durable. Major industry players are focused on strategic partnerships and collaborations in order to develop innovative and application specific solutions. However, factors such as cyber threats and lack of experienced and qualified professionals may hamper the market growth of integrated marine automation systems.

Global Integrated Marine Automation System Market Regional Analysis: Europe accounted for the major revenue share in 2018, followed by Asia Pacific. Italy, Spain, and France are the major countries contributing for the overall growth of the market in this region. Demand for autonomous ships in Europe is expanding due to increasing number of cruise ships. In addition, the expected expansion of the operation of automated ships across the different countries of Europe is estimated to boost the market demand.

In Asia Pacific, marine transport is increasingly playing an important role in international trade and transportation with the adoption of bigger and bigger container vessels. Transforming economic environment and strong economic development in this region are anticipated to drive the future market demand.

Integrated Marine Automation System Market Segmentation:

By Ship Type

• Commercial
• Defense

By Solution

• Power Management System
• Vessel Management System
• Process Control
• Safety System

By End-User

• OEM
• Aftermarket

By Component

• Product
• Service

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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