Integrated Marine Automation System Market - Trends Forecast Till 2028

Integrated Marine Automation System Market, by Autonomy (Autonomous, Remotely-operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End User (OEM, Aftermarket), Solution (Products, Services), System and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AD-IMASM-815

Format:  

Number of Pages: 388

Domain: Aerospace & Defense

Integrated Marine Automation Market – Trends Forecast Till 2028

The global integrated marine automation market size is projected to reach USD 7.9 billion by 2026 at a CAGR of 10.5% from USD 5.2 billion in 2021 during the forecast period 2021-2028.

Integrated marine automation is all about the automation of the marine ships which led to the development of an essential operational machines and also the auxiliary systems. This automations ensure the safety of the passengers and also allows the various machines and to act as a single entity.

With the acceptance and adoption of internet of things or IoT along with software advancements and the surge in the investments are some of the factors that have supported long-term expansion for integrated marine automation Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the new trend of remote working coming into place along with digital advancements the net technology is developing. But the stringent government policies have led to the degeneration of the market.

Integrated Marine Automation System Market Research Report

Asia Pacific is expected to be the largest market during the forecast period. The economic development in past few years amongst the region along with the surge in demand for ship for transportation has led to the expansion of market in the region.

Integrated marine automation Market is segmented into Autonomy, Ship Type, Solution, System, End User and geography.

On the basis of Autonomy

  • Partial Automation
  • Remotely-operated
  • Autonomous

On the basis of Solution

  • Products
  • Services

On the basis of Ship Type

  • Commercial
  • Defense
  • Unmanned

On the basis of End-User

  • OEM
  • Aftermarket

On the basis of System

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

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Integrated Marine Automation System Market Primary Respondent

 

Key Players

  • ABB
  • Honeywell International, Inc.
  • Rolls-Royce PLC
  • Wartsila
  • Kongsberg
  • Thales Group
  • Consilium AB Publ
  • Marine technologie
  • Praxis Automation Technology B.V.
  • Honeywell
  • Rolls-Royce Power Systems AG
  • Wärtsilä
  • Rockwell Automation, Inc

Recent Developments

  • Recently, Servowatch Systems has been acquired by Rolls-Royce from India’s Larsen & Toubro. The new subsidiary’s will be fully integrated into MTU’s product range.
  • Wartsila signed a pact regarding the conversion of a vessel from CBO’s fleet so as to operate with hybrid propulsion.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Integrated marine automation market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 5.2 billion

Growth Rate

CAGR of 10.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Autonomy, Ship Type, Solution, System, End User and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

ABB, Honeywell International, Inc., Rolls-Royce PLC, Wartsila, and Kongsberg, Thales Group, Consilium AB Publ, Marine technologie, Praxis Automation, Technology B.V., Honeywell, Rolls-Royce Power Systems AG, Wärtsilä, Rockwell Automation, Inc

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