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The Integrated Marine Automation System Market Size was valued at USD 6.08 Billion in 2023 and is expected to reach USD 12.82 Billion by 2032 and grow at a CAGR of 9.07% over the forecast period 2024-2032.
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.
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
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 2023 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.
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
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 2023, 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.
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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
The Major Players are ABB, Honeywell International, Inc, Rolls-Royce PLC, Wartsila, Kongsberg, Siemens AG, Kongsberg Gruppen ASA, Wartsila Corporation, Consilium AB, Thales Group, FINCANTIERI S.p.A, ABB Ltd., Tokyo Keiki Inc, and other players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.08 Billion |
| Market Size by 2032 | US$ 12.82 Billion |
| CAGR | CAGR of 9.07% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 |
The market size of the Integrated Marine Automation System Market is expected to reach USD 12.82 billion by 2032.
The growth rate of the Integrated Marine Automation System Market is 9.07% during the forecast period.
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., and Tokyo Keiki Inc are leading players in the Integrated Marine Automation System Market.
Integrated Marine Automation System Market is segmented into 5 categories: By Ship Type, By Solution, By Component, By Autonomy, and By End-user.
Asia-Pacific region dominated the Integrated Marine Automation System Market.
Table of Contents
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
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Integrated Marine Automation System Market Segmentation, by Ship Type
8.1 Commercial
8.2 Defense
8.3 Unmanned
9. Integrated Marine Automation System Market Segmentation, by End User
9.1 OEM
9.2 Aftermarket
10. Integrated Marine Automation System Market Segmentation, 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 Segmentation, by Component
11.1 Product
11.2 Service
12. Integrated Marine Automation System Market Segmentation, 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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