Global Integrated Marine Automation System Market

Global Integrated Marine Automation System Market Size, Share, Growth Analysis, By Product(Hardware, and Software), By Solution(Vessel Management System, Power Management System) - Industry Forecast 2023-2030


Report ID: SQMIG20T2017 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 63 | Figures: 75

Global Integrated Marine Automation System Market Insights

Global Integrated Marine Automation System Market size was valued at USD 3.6 billion in 2021 and is poised to grow from USD 3.87 billion in 2022 to USD 6.84 billion by 2030, at a CAGR of 7.4% during the forecast period (2023-2030).

The driving factors behind the growth of the global integrated marine automation system market is the increasing focus on maritime safety and regulatory compliance. The integration of automation systems enables real-time monitoring, control, and management of critical functions, reducing the risk of human error and enhancing the safety of marine operations. The global integrated marine automation system market also encounters several challenges. One of the key challenges is the need for interoperability and compatibility among different systems and equipment from various manufacturers. Standardization and harmonization efforts are essential to ensure seamless integration and communication between different components of the automation system. The market presents significant opportunities.

The growing demand for advanced vessel management systems, remote monitoring capabilities, and predictive maintenance solutions offers opportunities for innovation and product development. The global integrated marine automation system market serves the purpose of enhancing efficiency, safety, and sustainability in marine operations. While facing challenges related to cost, complexity, interoperability, and cybersecurity, the market is driven by the increasing focus on safety, regulatory compliance, and fuel efficiency. With opportunities arising from technological advancements and digitalization, the market holds potential for further growth and development in the marine industry.

Market snapshot - 2023-2030

Global Market Size

USD 3.6 billion

Largest Segment

Hardware

Fastest Growth

Hardware

Growth Rate

7.4% CAGR

Global Integrated Marine Automation System Market 2022-2030 ($ Bn)
Country Share for Asia Pacific, Region- 2022 (%)
Global Integrated Marine Automation System Market Size By Product, 2022-2030 ($ Bn)
Global Integrated Marine Automation System Market Size By Product, 2022-2030 (%)

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Global Integrated Marine Automation System Market Segmental Analysis

The global integrated marine automation system market is segmented on the basis of product, solution, and region. In terms of product, the market is segmented into hardware, and software. With respect to categorization by solution, the market is segmented into vessel management system, power management system, safety system, and others. Regionwise, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Integrated Marine Automation System Market Analysis by Product

Hardware segment holds the largest share in the market and is expected to continue its dominance over the forecast period. Hardware components in marine automation systems include control panels, sensors, actuators, displays, and other physical equipment. These components form the backbone of the automation system, enabling real-time monitoring, control, and operation of various functions on marine vessels. The hardware segment is driven by the increasing demand for advanced automation systems in the marine industry to enhance operational efficiency, safety, and performance. As vessel operators strive to optimize fuel consumption, reduce emissions, and improve safety, the need for robust and reliable hardware components is paramount.

Software segment is the fastest-growing segment in the Global Integrated Marine Automation System Market. Software solutions play a crucial role in the integration, control, and management of various automated processes on marine vessels. These software applications provide advanced functionalities such as data analytics, predictive maintenance, remote monitoring, and decision support systems. The Software segment is experiencing rapid growth due to the increasing emphasis on digitalization, connectivity, and data-driven insights in the marine industry. With the advent of technologies such as the Internet of Things (IoT) and Big Data analytics, software solutions enable efficient data processing, real-time monitoring, and actionable intelligence for improved operational efficiency and decision-making.

Global Integrated Marine Automation System Market Analysis by Solution

Vessel Management System is the largest segment in the market. Vessel Management Systems encompass a wide range of functions such as navigation, propulsion control, cargo management, and communication systems. These systems are designed to monitor and manage various aspects of vessel operations, ensuring smooth and efficient functioning. With the increasing demand for advanced automation in the maritime industry, vessel operators are adopting Vessel Management Systems to enhance operational efficiency, optimize fuel consumption, and improve overall vessel performance.

Safety System is the fastest-growing segment in the Global Integrated Marine Automation System Market. Safety is a paramount concern in the maritime industry, and the implementation of advanced safety systems is gaining significant traction. Safety Systems in marine automation include fire detection and suppression systems, emergency shutdown systems, alarm systems, and other safety-related equipment. These systems are designed to ensure the safety of personnel, prevent accidents, and mitigate risks in marine operations. With stringent regulations and increasing emphasis on safety standards, the demand for Safety Systems is witnessing significant growth.

Global Integrated Marine Automation System Market Size By Product, 2022(%), 2021 (%)

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Global Integrated Marine Automation System Market Regional Insights

Asia Pacific is expected to witness the fastest growth in the integrated marine automation system market due to the increasing investments in the marine industry, especially in countries such as China, Japan, and South Korea. The rising demand for marine transportation, offshore exploration activities, and marine tourism are also expected to contribute to the market growth in this region.

North America is also expected to witness significant growth in the integrated marine automation system market due to the increasing demand for automated marine systems in the region. The growing need for effective and safe marine operations, coupled with the development of advanced marine technologies, is expected to drive the market growth in this region.

Global Integrated Marine Automation System Market Size By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global Integrated Marine Automation System Market Dynamics

Global Integrated Marine Automation System Market Drivers

Increasing Demand for Operational Efficiency

  • Vessel operators are increasingly adopting integrated marine automation systems to improve operational efficiency. These systems automate various processes, optimize fuel consumption, and enhance performance, leading to cost savings and improved productivity.

Growing Emphasis on Safety and Regulatory Compliance

  • The maritime industry places a high priority on safety and regulatory compliance. Integrated marine automation systems offer advanced safety features, real-time monitoring, and control capabilities, ensuring compliance with safety regulations and mitigating risks.

Global Integrated Marine Automation System Market Restraints

High Initial Investment

  • The implementation of integrated marine automation systems requires a significant upfront investment. The cost of hardware, software, installation, and integration can be a restraining factor, particularly for small and medium-sized vessel operators.

Complexity and Interoperability Challenges

  • Integrating multiple systems and technologies from different vendors can be complex. Interoperability challenges and compatibility issues between various components of the automation system can pose obstacles to seamless integration and functionality.

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Global Integrated Marine Automation System Market Competitive Landscape

The Global Integrated marine automation system Market is highly competitive, with several key players striving to capture a significant market share. These players are constantly engaged in innovation, partnerships, and strategic initiatives to gain a competitive edge. The global integrated marine automation system market is highly competitive, with key players focusing on technological advancements, digitalization, and sustainability to cater to the evolving needs of the maritime industry. The market is characterized by intense competition, innovation, and strategic collaborations, as companies strive to expand their market presence and offer comprehensive automation solutions to vessel operators worldwide.

Top Player’s Company Profiles in Global Integrated Marine Automation System Market

  • ABB Ltd. (Switzerland)
  • Emerson Electric Co. (US)
  • Honeywell International Inc. (US)
  • Kongsberg Gruppen ASA (Norway)
  • Marine Technologies LLC (US)
  • Mitsubishi Electric Corporation (Japan)
  • Northrop Grumman Sperry Marine B.V. (UK)
  • Praxis Automation Technology B.V. (Netherlands)
  • RH Marine Netherlands B.V. (Netherlands)
  • Rockwell Automation Inc. (US)
  • Rolls-Royce Holdings plc (UK)
  • SAM Electronics GmbH (Germany)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Thales Group (France)
  • TOKYO KEIKI INC. (Japan)
  • Wartsila Corporation (Finland)
  • WinGD (Switzerland)
  • Yokogawa Electric Corporation (Japan)
  • ZF Friedrichshafen AG (Germany)

Global Integrated Marine Automation System Market Recent Developments

  • In March 2022, Honeywell International Inc. introduced its new Integrated Navigation System, offering advanced features such as real-time data integration, intelligent route planning, and collision avoidance capabilities for enhanced vessel navigation.
  • In January 2022, ABB announced the launch of its ABB Ability™ Marine Fleet Portal, a solution that provides real-time fleet insights for vessel operators, enabling them to optimize performance, efficiency, and sustainability.
  • In September 2021, Siemens AG launched its SISHIP BlueDrive Integrated Automation System, which combines propulsion, power, and automation systems to enable optimized vessel performance, reduced fuel consumption, and enhanced operational efficiency.
  • In April 2021, Kongsberg Gruppen ASA collaborated with a leading maritime technology company to develop an autonomous maritime operations system, enabling unmanned vessels to operate efficiently and safely.

Global Integrated Marine Automation System Key Market Trends

  • Digitization and Connectivity: The trend of digitization and connectivity is transforming the maritime industry. Integrated marine automation systems are leveraging technologies such as IoT, cloud computing, and data analytics to enable remote monitoring, real-time data sharing, and improved decision-making.
  • Focus on Sustainability: There is an increasing focus on sustainability in the maritime sector. Integrated marine automation systems contribute to sustainability goals by optimizing fuel consumption, reducing emissions, and supporting eco-friendly operations. The trend towards sustainable practices drives the adoption of automation systems that enhance efficiency and environmental performance.

Global Integrated Marine Automation System Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global integrated marine automation system market analysis, the increasing need for efficient and safe marine operations, the rising demand for technologically advanced systems, and the growing emphasis on environmental sustainability in the maritime industry are the key growth drivers. The market also faces certain challenges such as high initial investment required for implementing integrated marine automation systems can be a deterrent, especially for small and medium-sized vessel operators. The global integrated marine automation system market is driven by the need for operational efficiency, safety, and regulatory compliance in the maritime industry. While facing challenges such as high initial investment and system integration complexities, the market presents opportunities for technological advancements and sustainable solutions. As the maritime sector continues to evolve, integrated marine automation systems will play a crucial role in ensuring efficient, safe, and environmentally friendly marine operations.

Report Metric Details
Market size value in 2021 USD 3.6 billion
Market size value in 2030 USD 6.84 billion
Growth Rate 7.4%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Hardware, and Software
  • Solution
    • Vessel Management System, Power Management System, Safety System, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ABB Ltd. (Switzerland)
  • Emerson Electric Co. (US)
  • Honeywell International Inc. (US)
  • Kongsberg Gruppen ASA (Norway)
  • Marine Technologies LLC (US)
  • Mitsubishi Electric Corporation (Japan)
  • Northrop Grumman Sperry Marine B.V. (UK)
  • Praxis Automation Technology B.V. (Netherlands)
  • RH Marine Netherlands B.V. (Netherlands)
  • Rockwell Automation Inc. (US)
  • Rolls-Royce Holdings plc (UK)
  • SAM Electronics GmbH (Germany)
  • Schneider Electric SE (France)
  • Siemens AG (Germany)
  • Thales Group (France)
  • TOKYO KEIKI INC. (Japan)
  • Wartsila Corporation (Finland)
  • WinGD (Switzerland)
  • Yokogawa Electric Corporation (Japan)
  • ZF Friedrichshafen AG (Germany)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Integrated Marine Automation System Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Integrated Marine Automation System Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Integrated Marine Automation System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Integrated Marine Automation System Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Integrated Marine Automation System Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Integrated Marine Automation System Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Integrated Marine Automation System Market size was valued at USD 3.6 billion in 2021 and is poised to grow from USD 3.87 billion in 2022 to USD 6.84 billion by 2030, at a CAGR of 7.4% during the forecast period (2023-2030).

The Global Integrated marine automation system Market is highly competitive, with several key players striving to capture a significant market share. These players are constantly engaged in innovation, partnerships, and strategic initiatives to gain a competitive edge. The global integrated marine automation system market is highly competitive, with key players focusing on technological advancements, digitalization, and sustainability to cater to the evolving needs of the maritime industry. The market is characterized by intense competition, innovation, and strategic collaborations, as companies strive to expand their market presence and offer comprehensive automation solutions to vessel operators worldwide. 'ABB Ltd. (Switzerland)', 'Emerson Electric Co. (US)', 'Honeywell International Inc. (US)', 'Kongsberg Gruppen ASA (Norway)', 'Marine Technologies LLC (US)', 'Mitsubishi Electric Corporation (Japan)', 'Northrop Grumman Sperry Marine B.V. (UK)', 'Praxis Automation Technology B.V. (Netherlands)', 'RH Marine Netherlands B.V. (Netherlands)', 'Rockwell Automation Inc. (US)', 'Rolls-Royce Holdings plc (UK)', 'SAM Electronics GmbH (Germany)', 'Schneider Electric SE (France)', 'Siemens AG (Germany)', 'Thales Group (France)', 'TOKYO KEIKI INC. (Japan)', 'Wartsila Corporation (Finland)', 'WinGD (Switzerland)', 'Yokogawa Electric Corporation (Japan)', 'ZF Friedrichshafen AG (Germany)'

Vessel operators are increasingly adopting integrated marine automation systems to improve operational efficiency. These systems automate various processes, optimize fuel consumption, and enhance performance, leading to cost savings and improved productivity.

Digitization and Connectivity: The trend of digitization and connectivity is transforming the maritime industry. Integrated marine automation systems are leveraging technologies such as IoT, cloud computing, and data analytics to enable remote monitoring, real-time data sharing, and improved decision-making.

Asia Pacific is expected to witness the fastest growth in the integrated marine automation system market due to the increasing investments in the marine industry, especially in countries such as China, Japan, and South Korea. The rising demand for marine transportation, offshore exploration activities, and marine tourism are also expected to contribute to the market growth in this region.

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