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Integrated Marine Automation System Market Growth Analysis 2030

Integrated Marine Automation System Market by Autonomy (Autonomous, Remotely-operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End User (OEM, Aftermarket), Solution (Products, Services), System and Region (2020-2025)<br>

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Integrated Marine Automation System Market Growth Analysis 2030

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  1. (/) Integrated Marine Automation System Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Search Reports  HOME (/) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ INTEGRATED MARINE AUTOMATION SYSTEM MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Integrated Marine Automation System Market by Autonomy (Autonomous, Remotely- operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End User (OEM, Aftermarket), Solution (Products, Services), System and Region (2020- 2025) (/Knowledgestore.asp#request_free_trial)  FREE BROCHURE (/pdfdownloadNew.asp?id=156354645)  FREE SAMPLE REPORT (/requestsampleNew.asp?id=156354645) Report Code: AS 6573Feb, 2021, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=156354645) [305 Pages Report] The Integrated Marine Automation System Market is projected to reach USD 7.8 billion by 2025, it is expected to grow at a CAGR of 10.0% during the forecast period. The market is witnessing growth due to the growing seaborne trade, increasing software developments, and the demand for situational awareness. However, the vulnerability associated with cyberattacks is considered a major restraint to the market growth. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  2. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=156354645) COVID-19 impact on the Integrated Marine Automation System Market According to the International Chamber of Shipping (ICS), maritime vessels constitute around 90% of all international trade. Due to the outbreak of COVID-19, cargo and passenger ships around the world have been turned away from ports by local authorities, hence 300,000 merchant sailors were stranded at sea for months, far beyond their contractual agreements. In April 2020, the ICS and the International Air Transport Association (IATA) issued a joint call demanding governments take urgent measures to facilitate crew change flights. In June 2020, the ICS has estimated that every month roughly 100,000 seafarers reach the end of their employment contract and need to be repatriated. However, most jurisdictions have implemented restrictive rules for seafarers transiting their jurisdiction, either to return home or to join a vessel. The spread of COVID-19 has also compelled companies to implement a remote working and digital technologies for business continuation and fleet optimization. For example, shipping companies and original equipment manufacturers are using artificial intelligence (https://www.marketsandmarkets.com/Market-Reports/artificial- intelligence-robots-market-120550497.html) for predictive maintenance, intelligent scheduling, real-time analytics, and improving performance. Currently, companies like DNV GL issues an e-certificate every four minutes, and 80% of its customers have indicated they would use a digital tool for smart survey bookings. DNV GL completed 17,400 remote surveys since 2018, over half of which have taken place in the past six months, with DNV GL conducting on average 300 remote surveys per week since coronavirus-restricted travel was implemented. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  3. Integrated Marine Automation System Market Dynamics: Driver: Increasing Software Development Software plays a vital role in ships. It ensures smooth ship operations, timely health monitoring of ships, and effective vessel traffic management. In September 2020, Windward (UK) released Maritime Artificial Intelligence Analytics (MAIA) 4.0, a software capable of screening, searching, and analyzing dynamic maritime data to connect data and discover potential risks. The software uses dynamic predictive intelligence based on a vessel’s identity, cargo, location, and voyage patterns and then link these to patterns and profiles. The software has been designed to spot voyage irregularities. Thus, the growing software developments with AI technologies are expected to fuel the growth of integrated marine automation system (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Restraint: Vulnerability associated with cyber threats Automation in ships worldwide increases the risks of cyber threats as these ships follow satellite routes during their voyages. In the coming years, the operators of marine vessels are expected to connect their ships to onshore networks. The installation of automation systems is the first step toward the complete automation of vessels as it enables the integration of crucial sub-systems of marine vessels with each other through local networks. The use of Big Data analytics for the development of smart ships is expected to enhance the operational efficiency and safety of the vessels. However, this automation is also expected to render the ships vulnerable to threats from hackers. With instances of online threats and potential attacks increasing across the globe, the Maritime Safety Committee (MSC) of the International Maritime Organization (IMO) has introduced temporary guidelines to prevent cyberattacks on ships’ systems. Opportunity: Development of new port cities in emerging economies The global population is expected to reach 8 billion by 2030, with 96% of the population growth expected from emerging economies such as India and China. This population explosion in emerging economies, along with ongoing urbanization, is expected to lead toward increased demand for seaborne trade in these economies. This, in turn, is expected to contribute to the development of new port cities in emerging economies, thereby leading to the growth of the shipbuilding and marine industries in these economies. The Major Port Authorities Bill 2020 provides regulation, operation, and planning of major ports in India and provide greater autonomy to these ports. The government has initiated the National Maritime Development Programme, an initiative to develop the maritime sector with a planned outlay of USD 11.8 billion Challenge: Lacked of skilled personnel to handle and operate marine automation systems Marine automation systems are complex in nature as they work in coordination with several other systems, such as radar, Electronic chart display and information systems (ECDIS), and gyrocompasses. Thus, personnel operating these systems must be thoroughly trained to handle and operate them. However, the training costs are considerably high as expensive simulators are required to recreate real-life situations during the training. According to secondary research, both, overdependence of the maritime industry on e-navigation and lack of trained personnel to handle and operate integrated marine automation systems have resulted in several maritime accidents across the globe. Thus, meeting the minimum training criteria is not enough as personnel handling integrated marine automation systems need to be rigorously trained to avoid such mishaps. Integrated Marine Automation System Market Ecosystem Prominent companies providing integrated marine automation systems, private and small enterprises, distributors/suppliers/retailers, and end customers are the key stakeholders in the integrated marine automation system market ecosystem. Investors, funders, academic researchers, distributors, service providers, and (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  4. industries also serve as major influencers in the market. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=156354645) The fully autonomous is projected to grow at the highest CAGR during the forecast period Based on autonomy, the autonomous ships (https://www.marketsandmarkets.com/Market-Reports/autonomous- ships-market-267183224.html) market is segmented into fully autonomous, remotely-operated and partial automation. The growth of the fully autonomous segment of the autonomous ships market can be attributed to the increased investments in developing autonomous ships in European region especially in Scandinavian countries. The ship type is projected to grow at the highest CAGR during the forecast period Based on ship type, the autonomous ships market is segmented into commercial and defense. The commercial segment is expected to grow at the higher CAGR, owing to the rising seaborne trade and tourism across the globe. The linefit segment accounts for the largest market size during the forecast period. Based on end use, the autonomous ships market is segmented into linefit and retrofit. The linefit segment is estimated to account for a larger share in 2020 as compared to the retrofit segment. The growth of the line fit segment can be attributed to the increased investments in naval defense by various countries and rise in seaborne trade activities across the globe. Asia Pacific is expected to account for the largest share in 2020 The integrated marine automation system market has been studied for North America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is estimated to account for the largest share of the global market in 2020. Asia Pacific has witnessed rapid economic development over the years, increasing maritime trade. This rise in sea trade has subsequently led to an increasing demand for ships to transport manufactured goods worldwide. Thus, the rising number of ships has increased the demand for integrated marine automation systems in this region. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  5. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Key Market Players Key Players in the autonomous ships market ABB (Switzerland), Honeywell International, Inc. (US), Rolls-Royce PLC (UK), Wartsila (Finland), and Kongsberg (Norway) are industry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the integrated marine automation system market. These companies have well-equipped strong distribution networks across the North America, Europe,Asia Pacific, Middle East & Africa and Latin America. Integrated Marine Automation System Market Report Scope: Report Metric Details Estimated Market Size Revenue Forecast in 2027 Growth Rate Market size available for years USD 4.9 Billion USD 7.8 Billion 10.0% 2020-2025 Base year considered 2019 Forecast period 2020-2025 Forecast units Value (USD) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  6. By Autonomy, Ship Type, Solution, System and End User Segments covered North America Europe Asia Pacific Middle East & Africa Latin America (/) Geographies covered ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) CAREERS (/CAREER.ASP) ABB (Switzerland), Honeywell International, Inc (US), Rolls-Royce PLC (UK), Wartsila (Finland), Kongsberg (Norway), Seimens (Germany), Hyundai Heavy Industries (South Korea), General Electric (US), Tokyo Keiki (Japan), Consilium (Sweden), Fincantieri S.p.A (Italy) among others. Companies covered This study categorizes the Hydrogen Aircraft Market based on the following segments and subsegments: Integrated Marine Automation System Market, By Autonomy Partial Automation Remotely-operated Autonomous Integrated Marine Automation System Market, By Solution Products Services Integrated Marine Automation System Market, By Ship Type Commercial Defense Unmanned Integrated Marine Automation System Market, By End User OEM Aftermarket Integrated Marine Automation System Market, By System Power Management System Vessel Management System Process Control System Safety System Integrated Marine Automation System Market, By Region North America Europe We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  7. Asia Pacific Middle East & Africa Latin America (/) Recent Developments Rolls-Royce has acquired the UK-based integrated marine automation solutions specialist Servowatch Systems from India’s Larsen & Toubro. The new subsidiary’s open automation systems will be fully integrated into MTU’s product range. Wartsila signed an agreement to convert a vessel from CBO’s fleet to operate with hybrid propulsion. The ‘CBO Flamengo’ will be the first vessel in Latin America to be fitted with a battery pack for hybrid propulsion, which will improve the vessel’s energy consumption and reduce its carbon footprint. Praxis Automation Technology received an order from the dredging company Jan De Nul Group to install a complete new Vessel management system as part of a midlife upgrade package for this vessel. Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML)  HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Frequently Asked Questions (FAQ):  What is the current size of the integrated marine automation system market?  Who are the winners in the integrated marine automation system market?  What is the COVID-19 impact on integrated marine automation system market?  What are some of the technological advancements in the market?  What are the factors driving the growth of the market? To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=156354645) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (/requestCustomizationNew.asp?id=156354645) Instant Answers with GPT - Ask Now! Ask real questions. Get complete answers ! We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  8. Type Your Question (/) Get recent trends delivered to your inbox RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP)  HOME (/) ABOUT US (/ABOUTUS-8.HTML) CAREERS (/CAREER.ASP) Overtake your competition with ease. STAY TUNED (/PRACTICES/STAY-TUNED.ASP) REPORT CODE AS 6573 PUBLISHED ON FEB, 2021  REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=156354645) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW (/Purchase/purchase_reportNew.asp?id=156354645) Request New Version (/RequestNewVersion.asp?id=156354645) Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=156354645) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  9. ADJACENT MARKETS Inertial Navigation System Market (/Market-Reports/inertial-navigation-system-market-154810661.html) (/) Autopilot System Market (/Market-Reports/autopilot-system-market-205309455.html) HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp)  CAREERS (/CAREER.ASP) Autonomous Ships Market (/Market-Reports/autonomous-ships-market-267183224.html) Integrated Bridge Systems Market (/Market-Reports/integrated-bridge-system-market-140505598.html) Electric Ship Market (/Market-Reports/electric-ships-market-167955093.html) REQUEST BUNDLE REPORTS (/RequestBundleReport.asp?id=156354645)  (mailto:sales@marketsandmarkets.com) SHARE  (https://www.facebook.com/sharer/sharer.php?u=https://www.marketsandmarkets.com/Market- Reports/integrated-marine-automation-system-market-156354645.html)  (https://www.twitter.com/share?url=https://www.marketsandmarkets.com/Market-Reports/integrated- marine-automation-system-market-156354645.html)  (https://www.linkedin.com/shareArticle?mini=true&url=https://www.marketsandmarkets.com/Market- Reports/integrated-marine-automation-system-market-156354645.html) X (/requestCustomizationNew.asp?id=156354645) (/speaktoanalystNew.asp?id=156354645) Speak to Analyst OR FACE-TO-FACE MEETING PERSONALIZE THIS RESEARCH Triangulate with your Own Data Get Data as per your Format and Definition Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor Any level of Personalization REQUEST A FREE CUSTOMIZATION (/requestCustomizationNew.asp?id=156354645) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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