Global Integrated Marine Automation System Market Report 2018 Featuring Northrop Grumman, ABB, Transas, Wartsila and Kongsberg Gruppen
DUBLIN, Sept 13, 2018 /PRNewswire/ --
The "Integrated Marine Automation System Market by Ship Type, Component, End User, Solution, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The integrated marine automation system market is projected to grow from USD 3.64 billion in 2018 to USD 4.00 billion by 2023, at a CAGR of 1.90% during the forecast period.
Factors such as the increasing seaborne trade, increasing compliance with maritime safety norms, and growth in maritime tourism are driving the integrated marine automation system market.
On the basis of ship type, the commercial segment is projected to grow at the highest CAGR during the forecast period. Rise in seaborne trade along with increasing demand for decreasing operational costs for ships by equipping them with automation systems is expected to drive the growth of the integrated marine automation system market.
Based on end user, the OEM segment of the integrated marine automation system market is anticipated to grow at the higher CAGR during the forecast period. Increasing seaborne trade across the world is expected to lead to new shipbuilding orders. Thus, in turn, leading to increase in the requirement for OEM integrated marine automation systems for new ships.
Based on component, the product segment is projected to grow at the highest CAGR during the forecast period. Installation of various hardware, software, datalinks, and connectivity in marine automation systems is leading to the high growth of the product segment.
Based on solution, the vessel management system segment is projected to grow at the highest CAGR during the forecast period. Vessel management system is the largest segment comprising various subsystems, such as dynamic positioning system, alarm monitoring system, and machinery management, among others.
The integrated marine automation system market is led by Europe with the highest projected growth rate for the forecast period. Although the shipbuilding industry is going through a rough patch presently, the demand for autonomous ship and cruise ships in Europe is expected to drive the integrated marine automation system market in this region.
Factors such as digitalization making ships vulnerable to cyber threats and the shortage of qualified professionals in the marine industry may inhibit the growth of the integrated marine automation system market.
Key players profiled in the integrated marine automation system market report include Northrop Grumman (US), ABB (Switzerland), Transas (Ireland), Wartsila (Finland), and Kongsberg Gruppen (Norway), among others.
New product launches is the key strategy adopted by industry players to achieve growth in the integrated marine automation system market. This strategy accounted for a major share of the total growth strategies adopted by the leading players.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Integrated Marine Automation System Market
4.2 Integrated Marine Automation System Market, By Ship Type
4.3 Europe Integrated Marine Automation System Market, By Country and Ship Type
4.4 Integrated Marine Automation System Market, By Solution
4.5 Integrated Marine Automation System Market, By End User
4.6 Integrated Marine Automation System Market, By Component
4.7 Integrated Marine Automation System Market, By Product Component
4.8 Integrated Marine Automation System Market, By Region
4.9 Integrated Marine Automation System Market, By Vessel Management System Solution
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Global Seaborne Trade
5.2.1.2 Increasing Awareness Among Ship Manufacturers to Comply With the Maritime Safety Norms
5.2.1.3 Growing Maritime Tourism Industry
5.2.2 Restraints
5.2.2.1 Digitalization to Render Ships Vulnerable to Cyber Threats
5.2.3 Opportunities
5.2.3.1 Development of New Port Cities in Emerging Economies
5.2.3.2 Revision and Formulation of Marine Safety Regulations in Several Countries
5.2.4 Challenges
5.2.4.1 Cost-Intensive Customization of Integrated Marine Automation Systems
5.2.4.2 Lack of Skilled Personnel to Handle and Operate Integrated Marine Automation Systems
5.2.4.3 Lack of Common Standards for Data Generated From Different Sub-Systems
6 Industry Trends
6.1 Introduction
6.2 Technology Roadmap
6.3 Technological Advancements in the Marine Industry
6.3.1 Artificial Intelligence
6.3.2 Big Data Analytics
6.3.3 Internet of Things (IoT)
6.3.4 Augmented Reality
6.4 Technology Trends
6.4.1 Digital Marine Automation System
6.4.1.1 Conning System
6.4.1.2 Autopilot
6.4.1.3 Mooring Control and Monitoring System
6.4.1.4 Automated Radar Plotting Aid
6.4.1.5 Electronic Chart Display and Information System
6.4.1.6 Communication System
6.4.1.7 Voyage Data Recorder
6.4.1.8 Decision Support System
6.4.2 Integrated Closed-Circuit Television System (CCTV)
6.4.3 Integrated Ship Automation System
6.4.4 Integrated Onboard Training System
6.4.5 Integrated Firefighting Control System
6.5 Innovations and Patent Registrations, 2011-2016
7 IMAS Market, By Ship Type
7.1 Introduction
7.2 Commercial Ships
7.2.1 Bulk Carrier
7.2.2 Gas Tanker
7.2.3 Tankers
7.2.4 Passenger Cruise
7.2.5 Dry Cargo
7.2.6 Others
7.2.6.1 Specialized Vessels
7.2.6.2 Offshore Vessels
7.3 Defense
7.3.1 Aircraft Carrier
7.3.2 Corvettes
7.3.3 Amphibious Warfare
7.3.4 Destroyers
7.3.5 Frigates
7.3.6 Other Surface Ships
7.3.7 Submarine & Uuvs
8 IMAS Market, By Component
8.1 Introduction
8.2 Product
8.2.1 Hardware
8.2.1.1 Displays
8.2.1.2 Control Unit
8.2.1.3 Data Storage Devices
8.2.1.4 Sensors
8.2.1.5 Alarms
8.2.1.6 Others
8.2.2 Software
8.2.2.1 Analytical Software
8.2.2.2 Monitoring Software
8.2.3 Data Link and Connectivity
8.3 Services
9 IMAS Market, By End User
9.1 Introduction
9.2 OEM
9.3 Aftermarket
10 IMAS Market, By Solution
10.1 Introduction
10.2 Power Management System
10.2.1 Engine Monitoring and Control System
10.2.2 Power Distribution Management
10.2.3 Diesel Generator Monitoring (DGMS)
10.3 Vessel Management System
10.3.1 Machinery Management System
10.3.2 Alarm Monitoring System
10.3.3 Ballast Water Management System
10.3.4 Propulsion Control System
10.3.5 Remote Monitoring System
10.3.6 Dynamic Positioning System
10.3.7 Security Management System
10.3.8 Thrust Control System
10.3.9 Information Management System
10.4 Process Control
10.4.1 HVAC Control
10.4.2 Drilling Driver Control System
10.5 Safety System
10.5.1 Fire Protection System
10.5.2 Emergency Shutdown System
11 Regional Analysis
12 Competitive Landscape
12.1 Introduction
12.2 Regional Mapping of Leading Companies in Integrated Marine Automation System Market
12.3 Competitive Scenario
12.3.1 New Product Launches
12.3.2 Expansions
12.3.3 Contacts
12.3.4 Acquisitions
12.3.5 Partnerships, Agreements, and Collaborations
13 Company Profiles
13.1 Northrop Grumman
13.2 ABB
13.3 Siemens
13.4 Kongsberg Gruppen ASA
13.5 Thales Group
13.6 Transas
13.7 Consilium AB
13.8 Wartsila Corporation
13.9 Tokyo Keiki Inc.
13.10 Marine Technologies, LLC
13.11 Praxis Automation Technology
13.12 Honeywell International Inc.
13.13 API Marine Inc.
13.14 MTU Friedrichshafen
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