Integrated Marine Automation System Market Report | Covid-19 Impact Analysis

Impact of COVID-19 on Integrated Marine Automation System Market

Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

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Impact of COVID-19 on Integrated Marine Automation System Market

Covid-19 has impacted the market dynamics, competition, and global...

See more...

Impact of COVID-19 on Integrated Marine Automation System Market

Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

Note: The summary below might not have included insights on covid impact since we have large number of reports.

Get Impact Analysis

Integrated Marine Automation System Market Insights

Integrated Marine Automation System Market is likely to witness a timid CAGR of 2.2% during the forecast period. Factors such as growing seaborne trade, mounting compliance with maritime safety protocols, and advancement in maritime tourism are driving the global integrated marine automation system market.

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Market Share Analysis

Integrated Marine Automation System Market Share: By Ship Type

Based on the ship type, the market is segmented as commercial ships and defense. The commercial ships segment is expected to grow at a higher CAGR in the coming five years. Upsurge in seaborne trade coupled with the rising demand for lessening functional costs for ships by arming them with automation systems is anticipated to boost the growth of the market.

Integrated Marine Automation System Market Share: By Component Type

Based on the component type, the market is segmented as product and services. The product segment is estimated to register a higher growth during the forecast period. Installation of various software, hardware, datalinks, and connectivity in marine automation systems is significantly contributing to the high growth of this segment.

Integrated Marine Automation System Market Share: By End-User Type

Based on the end-user type, the market is segmented as OEM and aftermarket. The OEM segment is expected to depict a higher growth in the coming five years. Escalating seaborne trade across the globe is anticipated to pave the path for new shipbuilding orders, which in turn, will lead to an increase in the demand for OEM integrated marine automation systems for new ships.

Integrated Marine Automation System Market Share: By Solution Type

Based on the solution type, the market is segmented as power management system, vessel management system, process control, and safety system. The vessel management system segment is estimated to be the largest segment, during the forecast period, encompassing different subsystems, such as alarm monitoring system, dynamic positioning system, and machinery management, among others.

Integrated Marine Automation System Market Share: By Region

In terms of regions, the integrated marine automation system market is dominated by Europe with the highest-estimated growth rate for the coming five years. Despite the shipbuilding industry sailing through a rough ride currently, the claim for self-governing ships and cruise ships in Europe is anticipated to bolster the integrated marine automation system market in this region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Integrated Marine Automation System Market: Key Players

Some of the major players in the integrated marine automation system market are ABB Group, API Marine Inc., Consilium AB, Honeywell International Inc., Kongsberg Gruppen ASA, MTU Friedrichshafen, Marine Technologies, LLC, Praxis Automation Technology, Siemens AG, and Thales Group. 

Market Scope & segmentation

Integrated Marine Automation system is mainly referred to a monitoring control system. The system comprises of a number of applications such as operational efficiency, vessel safety, and others.

Integrated Marine Automation System is used on commercial ships as well as on defense ships.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The integrated marine automation system market is segmented into the following categories. 

Integrated Marine Automation System Market Size, Share & Forecast, by Ship Type:

• Commercial Ships
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Ship Type Analysis: Bulk Carrier, Gas Tanker, Tankers, Passenger Cruise, Dry Cargo, and Others)
• Defense
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Ship Type Analysis: Aircraft Carrier, Corvettes, Amphibious Warfare, Destroyers, Frigates, Other Surface Ships, and Submarine & Uuvs)

Integrated Marine Automation System Market Size, Share & Forecast, by Component Type:

• Product
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Component Type Analysis: Hardware, Software, and Data Link and Connectivity)
• Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Integrated Marine Automation System Market Size, Share & Forecast, by End-User Type:

• OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Integrated Marine Automation System Market Size, Share & Forecast, by Solution Type:

• Power Management System
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Solution Type Analysis: Engine Monitoring and Control System, Power Distribution Management, and Diesel Generator Monitoring)
• Vessel Management System
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Solution Type Analysis: Machinery Management System, Alarm Monitoring System, Ballast Water Management System, Propulsion Control System, Remote Monitoring System, Dynamic Positioning System, Security Management System, Thrust Control System, and Information Management System)
• Process Control
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Solution Type Analysis: HVAC Control and Drilling Driver Control System)
• Safety System
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Solution Type Analysis: Fire Protection System and Emergency Shutdown System)

Integrated Marine Automation System Market Size, Share & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the ship types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].