Global Integrated Marine Automation System Market Size 2024, Forecast To 2033
11 Mar, 2024
The integrated marine automation system market size has grown strongly in recent years. It will grow from $4.71 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to rising government support, growing tourism, increasing demand for cruise ships and rising naval ships. The integrated marine automation system market size is expected to see strong growth in the next few years. It will grow to $6.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising government support, growing tourism, increasing demand for cruise ships and rising naval ships. Major trends in the forecast period include technological advances to aid in development of new products, product innovations in automated software testing, scriptless test automation to reduce the time of execution, test automation to lower the risk of defects in software applications and artificial intelligence for testing to improve user experience.
Global Integrated Marine Automation System Market Key Driver
The burgeoning tourism industry is poised to contribute to the growth of the integrated marine automation system market. With tourism heavily reliant on cruise ships for passenger transportation, the increased demand for cruise vessels is driving the adoption of advanced automation systems. These systems enhance passenger experiences, optimize fuel efficiency, and ensure safety. For instance, the tourism industry in Brazil witnessed an 85.7% growth in 2022 compared to the same period in 2021. India aims to boost cruise passenger traffic from 0.4 million to 4 million, as reported by the Press Information Bureau. According to ForwardKeys, 800,000 cruise ship passengers were estimated to visit Valencia in 2022. The thriving marine tourism sector is expected to positively impact the integrated marine automation system market during the forecast period, with market sizes in 2023, 2024, and 2028 shaping industry trends.
Get A Free Sample Of The Global Integrated Marine Automation System Market ReportGlobal Integrated Marine Automation System Market Segments
The integrated marine automation system market covered in this report is segmented –
1) By Ship Type: Commercial, Defense, Unmanned
2) By System: Power Management System, Vessel Management System, Process Control System, Safety System
3) By Autonomy: Partial Automation, Remotely-Operated, Autonomous
4) By End User: Original Equipment Manufacturer, Aftermarket
By Geography:The regions covered in the integrated marine automation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Europe was the largest region in the integrated marine automation system market in 2023. The regions covered in the integrated marine automation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Integrated Marine Automation System Industry Players
Kongsberg Gruppen ASA, Siemens Energy, Emerson Electric Co, ABB Ltd., Wartsila Corporation, Rockwell Automation Inc., Ingeteam, Honeywell International Inc., Rolls-Royce Holdings Plc, Consilium AB, Jiangnan Shipyards Group, Changyuan Group Ltd., Zhonggu Logistics, Pacific International Lines (PIL), Yang Ming Marine Transport, Omron Corporation, Hitachi, Ltd., IHI Corporation, Korea Line Corporation, Hyundai Heavy Industries, CMI Jinling Shipyard, Aselsan, Buffalo Automation, Northrop Grumman, Naval Group, Bourbon Corporation, Elma B.V, RH Marine, Valcom, Transas Navigator, Concern Morinformsystem-Agat JSC, Boening Ship Automation, Jason Marine Group, Elcome, Control Solutions South Africa (Proprietary
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Integrated Marine Automation System Market Overview
An integrated marine automation system entails a variety of control systems, from small stand-alone alarm systems to fully integrated alarm and control systems. These systems are composed of various hardware and software components that capture, process, store, transmit, and present information about the vessel's system. The system's essential quality is its ability to continuously provide trusted information to control personnel, allowing for quick and appropriate responses. The integrated marine automation system is used to monitor and control operations on a ship.
Integrated Marine Automation System Global Market Report 2023 provides data on the global integrated marine automation system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The integrated marine automation system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.