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Integrated Marine Automation System Market

Integrated Marine Automation System Market by Autonomy (Autonomous, Remotely Operated, and Partial Automation), by Ship Type (Commercial, Defense, and Unmanned), by End User (OEM and Aftermarket), by Solution (Power Management System, Vessel Management System, Process Control and Safety System), by Component (Product and Service), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/A&D/1658 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Integrated Marine Automation System Market Size was valued at USD 5.77 billion in 2021 and US$ 6.40 billion in 2022, expected to reach USD 11.98 billion by 2028, and grow at a CAGR of 11% over the forecast period 2022-2028.

The Integrated Marine Automation System is used to improve the efficiency and safety of vessels. Vessels with an integrated system have the ability to make better decisions based on Fusion sensor technology and artificial intelligence. In addition, it helps identify threats and mitigates them by improving ship performance. All of these technologies are used to process data so that human interventions are minimized, thus reducing the chances of making a mistake. These automation system features are gaining popularity as they reduce space. In addition, it also requires fewer crew needed for the ship, reducing the cost of training crew as it requires a small number of people on the ship. In recent times, there has been an increase in maritime trade, which is why the use of integrated marine equipment on new vessels and the replacement of existing vessels has increased, leading to the growth of the integrated maritime market.

Integrated Marine Automation System Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Advancement in software development

  • Rising international seaborne trade

RESTRAINTS:

  • Malicious attacks

  • Safety & Vulnerability

OPPORTUNITIES:

  • Rising demand with increasing population

  • Government initiative

CHALLENGES:

  • Cybersecurity

  • Lack of skilled people

THE IMPACT OF COVID-19

Due to the outbreak of the COVID-19 epidemic, many cargo ships and passengers were not allowed to dock at the local authorities. So many merchant sailors were trapped inside the ship. Shipowners were required to pay additional fees as their vessels were trapped in the water for a long time. In addition, due to the outbreak, shipping was banned and there were many seafarers who had reached the end of their contract of employment and needed to be renewed. In addition, preventing the spread of COVID-19 has reduced the import and export of goods and services. Smaller companies, which have been involved in the shipping industry, have run out of money due to low demand. So, all of these factors have halted the growth of maritime automation market due to the COVID-19 epidemic.

The Integrated Marine Automation System market is divided into three categories: totally autonomous, remotely operated, and partial automation. The increased investment in creating Integrated Marine Automation System in the European region, particularly in Scandinavian countries, can be ascribed to the expansion of the completely autonomous section of the Integrated Marine Automation System market. The Integrated Marine Automation System market is divided into commercial and defence segments based on ship type. Because of expanding seaborne trade and tourism around the world.

The Integrated Marine Automation System market is divided into two segments based on end use: line-fit and retrofit. The line-fit category is expected to have a greater share in 2022 than the retrofit sector. The growing investments in naval defence by many countries, as well as the expansion in seaborne commercial operations around the world, can be contributed to the growth of the line fit segment. During the projection period, the product segment is expected to increase at a faster CAGR. The rising demand for various hardware, software, datalinks, and connectivity in marine automation systems is likely to propel the product category forward. During the review period, this segment is predicted to grow significantly. The growing demand for various analytical services as well as operation and monitoring services is likely to fuel the segment's expansion in the global market.

Energy Management System This component is expected to grow significantly due to the increased demand for power distribution management, engine monitoring and control systems, and diesel generator monitoring. Ship Management System This segment dominated the market in 2022 and is expected to register the highest CAGR for the entire study period due to the growing demand for various propulsion control and security systems. In addition, the growing development of connected vessels and independent vessels that support advanced systems may also further the growth of part of the shipping system. Process Management The growing development of advanced HVAC control systems is expected to further the growth of the process control component. Safety Plan Part of the safety system is expected to prove significant growth due to the growing demand for improved safety systems and strict government regulations regarding maritime safety.

MARKET KEY PLAYER

Key Players in the Integrated Marine Automation System market ABB, Honeywell International, Inc, Rolls-Royce PLC, Wartsila, and Kongsberg, Siemens AG, Kongsberg Gruppen ASA, Wartsila Corporation, Consilium AB, Thales Group, FINCANTIERI S.p.A, ABB Ltd., Tokyo Keiki Inc, and other players.

MARKET SEGMENTATION:

by Ship Type

  • Commercial

  • Defense

  • Unmanned

by End User

  • OEM

  • Aftermarket

by Solution

  • Power Management System

  • Vessel Management System

  • Process Control  

  • Safety System

by Component

  • Product

  • Service

by Autonomy

  • Autonomous

  • Remotely Operated

  • Partial Automation

Integrated Marine Automation System Market Segment Chart

REGIONAL ANALYSIS:

The market for integrated marine automation systems has been researched in North America, Asia Pacific, Europe, and Africa and the Middle East. In 2022, Asia Pacific is expected to have the greatest share of the global market. Over the years, Asia Pacific has seen fast economic expansion, which has increased maritime trade. This increase in sea trade has resulted in a greater demand for ships to convey manufactured commodities throughout the world. As a result, the growing number of ships in this region has raised the demand for integrated marine automation systems.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Integrated Marine Automation System Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 5.77 Billion
Market Size by 2028 US$ 11.98 Billion
CAGR CAGR of 11% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Autonomy (Autonomous, Remotely Operated, and Partial Automation)
• By Ship Type (Commercial, Defense, and Unmanned)
• By End User (OEM and Aftermarket)
• By Solution (Power Management System, Vessel Management System, Process Control and Safety System)
• By Component (Product and Service)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles  Integrated Marine Automation System market ABB, Honeywell International, Inc, Rolls-Royce PLC, Wartsila, and Kongsberg, Siemens AG, Kongsberg Gruppen ASA, Wartsila Corporation, Consilium AB, Thales Group, FINCANTIERI S.p.A, ABB Ltd., Tokyo Keiki Inc, and other players.
DRIVERS • Advancement in software development
• Rising international seaborne trade
RESTRAINTS • Malicious attacks
• Safety & Vulnerability


Frequently Asked Questions (FAQ) :


Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Integrated Marine Automation System Market, by Ship Type

8.1 Commercial

8.2 Defense

8.3 Unmanned

 

9. Integrated Marine Automation System Market, by End User

9.1 OEM

9.2 Aftermarket

 

10. Integrated Marine Automation System Market, by Solution

10.1 Power Management System

10.2 Vessel Management System

10.3 Process Control  

10.4 Safety System

 

11. Integrated Marine Automation System Market, by Component

11.1 Product

11.2 Service

 

12. Integrated Marine Automation System Market, by Autonomy

12.1 Autonomous

12.2 Remotely Operated

12.3 Partial Automation

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14 Company Profiles

14.1 Aero Controlex

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

 

14.2 Cascon, Inc.

14.3 Crane Aerospace & Electronics

14.4 Crissair, Inc.

14.5 Eaton Corporation

14.6 Honeywell International, Inc.

14.7 Donaldson Inc.

14.8 CLARCOR Inc.

14.9 Freudenberg & Co. KG

14.10Parker Hannifin Corporation

 

15 Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

 

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Secondary Research

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