Marine Automation System Market Outlook

Market Research Future (MRFR) reveals that the Integrated Marine Automation Systems Market Size Anticipated to reach at a USD 4.440 Billion by 2032, with CAGR 2.1% By 2024-2032.

Top Drivers and Key Impediments

Integrated marine automation systems help address all the challenges faced by shipyards as well as ship owners and can be configurable from several channels. Modular design-based systems help cater to every single requirement, ranging from simple alarm systems to extremely complicated monitoring and alarm systems with advanced power and process control management. The increase in defence spending and surge in cross-border tensions as well as disputes have created a higher requirement for more precise and better quality integrated marine automation systems.

Escalation in seaborne trades, mounting need to comply with the maritime safety policies, and the thriving maritime tourism sector remain the major growth boosters in the integrated marine automation system industry. Moreover, the rising use of latest technologies like artificial intelligence/AI as well as machine learning to enhance the quality of the systems will also enhance the market size in the following years. Another factor that encourages market expansion can be the mounting number of skilled professionals within the maritime sector, with expansive knowledge about the proper use of integrated marine automation systems market outlook  

Key Players

Honeywell International, Inc. (US), Northrop Grumman Corporation (US), ABB Ltd. (Switzerland), Siemens AG (Germany), Kongsberg Gruppen ASA (Norway), Wartsila Corporation (Finland), Tokyo Keiki Inc. (Japan), Consilium AB (Sweden), Thales Group (France), FINCANTIERI S.p.A. (Italy), MTU Friedrichshafen (Germany), Transas Marine Ltd. (Ireland), Praxis Automation Technology (Netherland), Marine Technologies, LLC (US), API Marine Inc. (Denmark), Rockwell Automation Inc. (US), Jason Marine Group (Singapore), Ulstein Group (Norway), SMEC Automation Pvt. Ltd. (India), Logimatic (Denmark), Sedni Marine Systems, Inc. (US), Rolls-Royce Power Systems AG (Germany) are the major players in the global market for integrated marine automation systems.

Latest News

May 2024

Ocean Infinity, a marine robotics firms, has acquired Abyssal, a software engineering specialist. Abyssal has expertise in the development of proprietary software solutions for the marine industry, which help foster the efficiency as well as safety of subsea operations. Following the acquisition, Abyssal will help improve Ocean Infinity’s software development ability, offering data acquisition and robotics services to the marine consumer base.

Segmental Review 

Solution, ship type, end-user, and component are the major segments considered in the MRFR report, with the aim to provide an extensive outline of the global industry.

The top solutions covered in the report are vessel management system, process control and safety system, power management system, and more.

Ship types considered are Défense and commercial.

Major industry end-users are aftermarket as well as OEM.

Component-wise, the key segments can be services and products.

Regional Insight

Geographically, the global market for integrated marine automaton system market share caters to Europe, North America, MEA or Middle East & Africa as well as APAC or Asia Pacific.

North America has remained the leader in the integrated marine automation system industry since 2019, thanks to the strong presence of world-renowned firms like Northrop Grumman Corporation and Honeywell International Inc. These companies put emphasis on carrying out exhaustive research & development activities to create more advanced marine automation systems, in a bid to foster the sales.

Europe is a strong contender in the global market, and benefits majorly from the surge in marine tourism as well as the innovations in autonomous ships. Spain, Italy, and France are some of the top contributors to the market growth in Europe, considering the huge number of autonomous ship and cruise ships striving to bolster their operations across various parts of the region, which ultimately raises the demand for integrated marine automation systems. Also, the fact that shipping and other marine related activities are crucial sources of revenues as well as jobs in the region, Favors the market. The surge in global economy along with growth in international merchandise trade has elevated the use of maritime transport services in different parts of the region, resulting in higher adoption of integrated marine automation systems.

The market size in APAC will be soaring at the highest rate in the coming years. Dramatic increase in seaborne trade along with the rising spending on defense in China and India shall foster the adoption of integrated marine automation systems in the region. The population explosion in the region combined with the rising urbanization rate has pushed the number of seaborne trade activities. This factor is responsible for the soaring number of new port cities in the region, resulting in growth of marine and shipbuilding industries and in turn, higher demand for integrated marine automation systems. 

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