Integrated Marine Automation System Market Analysis By Ship Type and By End User

Posted by michael on July 24th, 2019

Integrated Marine Automation System Market Overview:

The integrated marine automation systems are designed to meet the demanding requirements of the shipbuilders and ship-owners, and can be configured in several channels. A modular design based on standard modules helps the system to meet individual needs and includes everything, from low-complex alarm systems to highly integrated alarm, and monitoring systems with advanced process control capabilities and high- energy.

Integrated Marine Automation System Market Size and Growth Rate:

Integrated Marine Automation System Market was valued at USD xx billion in 2018 and poised to touch USD xx billion by 2024 growing at a CAGR of xx% during the forecast period 2018 to 2024.

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Integrated Marine Automation System Market Growth Drivers and Restraints:

The increase in maritime transport, compliance with maritime safety and the growth of tourism are key factors in the growth of the market for the integrated marine automation system. These solutions are expected to grow due to the demand for a variety of analytical instruments and control and operation software. It is expected that the increase in global marine trade demand worldwide, the growth of maritime tourism and compliance with maritime safety standards will strengthen the demand of the market for these systems. On the other hand, it is expected that the lack of qualified maritime industry professionals and digitized vessels vulnerable to cyber threats make the growth of integrated marine automation systems difficult during the forecast period. The emphasis accumulated in the R & D activities of the manufacturers of products is also a key component of the growth of the market.

Geographical Analysis of Integrated Marine Automation System Market:

The markets of marine automation systems integrated geographically are divided in North America, Europe, Asia Pacific, the Middle East and Africa, and South America. In 2018, Europe and Asia-Pacific maintained a significant market share in the global market. It is expected that the European market will grow at the highest CAGR rate during the forecast period, and France, Spain and Italy are some of the main engines of market growth. As the number of cruises and autonomous spacecraft continues to increase, demand for the integrated marine automation systems continues to grow and expand in other parts of Europe. In addition, shipping and all related maritime industries are an important source of income. In recent years, the growth of the global economy and the international commodity trade has led to the demand for maritime transport services to other parts of Europe.

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Key Players of Integrated Marine Automation System Market:

Among the main players in the integrated maritime automation system market are Siemens AG, Northrop Grumman (USA), Kongsberg Gruppen ASA (Norway), Thales Group (France), Consilium AB (Sweden), Wartsila Corporation (Finland) MTU Friedrichshafen), Tokyo Keiki Inc. (Japan), Honeywell International Inc (USA), Marine Technologies (USA), Praxis Automation Technology (Netherlands) and API Marine Inc (Denmark).

Integrated Marine Automation System Market Segmentation:

By Ship Type:

  •          Commercial
  •          Defense

By Component:

  •          Product
  •          Services

By Solution:

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

By End User:

  •          OEM
  •          Aftermarket

By Region:

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

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Joined: April 4th, 2019
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