Integrated Marine Automation System Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

The marine automation system is a distributed monitoring and control system. This system has a flexible architecture that enables it to be utilized for a broad range of tasks within the offshore industry. The major functions of these systems include power management, auxiliary machinery control, cargo monitoring and control, and ballast/bunker monitoring and control, and others. Moreover, the systems help in increasing the overall vessel safety, save space, operation efficiency, and reduces training expense.

MARKET DYNAMICS

The major factors driving the growth of the integrated marine automation system market are rising global seaborne trade, and growing awareness among ship manufacturers to act in accordance with the maritime safety norms. Further, the development of new port cities in emerging economies is likely to offer significant growth opportunities for the integrated marine automation system market in the near future.

MARKET SCOPE

The "Global Integrated Marine Automation System Market Analysis to 2031" is a specialized and in-depth study of the integrated marine automation system industry with a special focus on the global market trend analysis. The report aims to provide an overview of integrated marine automation system market with detailed market segmentation by component, solution, ship type, end-user, and geography. The global integrated marine automation system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading integrated marine automation system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global integrated marine automation system market is segmented on the basis of component, solution, ship type, end-user. Based on components, the market is segmented as hardware, software, and services. Based on solution, the integrated marine automation system market is divided into power management system, vessel management system, process control, and safety system. On basis of ship type, the market is bifurcated into commercial and defense. Further, based on end-user the market is segmented as OEM and aftermarket.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global integrated marine automation system market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The integrated marine automation system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting integrated marine automation system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the integrated marine automation system market for each region.

MARKET PLAYERS

The reports cover key developments in the integrated marine automation system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from integrated marine automation system market are anticipated to lucrative growth opportunities in the future with the rising demand for integrated marine automation system in the global market. Below mentioned is the list of few companies engaged in the integrated marine automation system market.

The report also includes the profiles of key integrated marine automation system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

•  ABB Ltd.
•  Consilium AB
•  Honeywell International Inc.
•  Kongsberg Gruppen ASA
•  Marine Technologies, LLC
•  Northrop Grumman Corporation
•  Siemens AG
•  Thales Group
•  Tokyo Keiki Inc.
•  Wartsila Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Integrated Marine Automation System Report Scope