Integrated Marine Automation System Market Growth Analysis 2030 - PowerPoint PPT Presentation

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Integrated Marine Automation System Market Growth Analysis 2030

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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) – PowerPoint PPT presentation

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Title: Integrated Marine Automation System Market Growth Analysis 2030


1
(/) HIOnMtEe(/)gArBaOUtTeUdS (/AMBOaUTrUiSSn-e8e.
aHrTcMAhLR)ueLptEooArtDmsERSaHtIPioTEAnM
(S/LEySAiDgsnERtInSe(HhmItPtpTsEA/M/wMw.AawS.rPm)
karkeettsandmarkets.com/signin.asp) RESEARCH
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CONTACT US (/CONTACTUS.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. KInNOteWgMrOaRtEed(/MKnoawrleidngeestA
oreu.atsopmreqauetsito_frnee_Striyal)stem 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) FREE BROCHURE (/pdfdownloadNew.asp?i
d156354645) FREE SAMPLE REPORT
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Code AS 6573Feb, 2021, by marketsandmarkets.com D
ESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNL
OAD PDF (/PDFDOWNLOADNEW.ASP?ID156354645) 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.
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To know about the assumptions considered for the
study, Request for Free Sample Report (https//www
.marketsandmarkets.com/requestsampleNew.asp?id156
354645) 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/Ma
rket-Reports/artificial- intelligence-robots-mark
et-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.
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3
mation System Market Dynamics are Development
Integrated Marine Auto Driver Increasing
Softw 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 screeninSigg,n sIne(ahtrtcpsh/i/nwgw,w
a.mnadrkaetnsaanldymzianrkgetds.yconma/msigicninm.
aaspr)itime data to
HOME (/) ABOUT US (/ABOUTUS-8.HTML)
LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP)
RcEoSnEnAeRCcHt dEXaPtaERaTnS
d(/RdEiSsEcAoRvCeHrLpEAoDteERnStiHaIlP.rAisSPk)s.
BTRhIEeFIsNoGfStw(/AaNrAeLuYSsTeBsRIdEyFInNaGmS.Hi
cTMpLr)edCicAtRivEERiSn(t/eClAliRgEeEnRc.AeSPb)ase
d on a vessels CidOeNnTAtiCtyT,UcSa(/rCgOoN,TlAo
CcTaUtSio.AnS,Pa) nd 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
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, Wde iussteribcouotkoiersst/osue
nphpalniecersyo/ruer teaxipleerriesn,caen. Bdy
econndtincuuinsgttoomviseitrsthias rseitetyhoeu
kageryeesttoaokuer husoeldofecrosokiniesth.
eMoinreteingforated marine automation
X
(hsttpyss/t/ewmwwm.maarrkkeetstanedcmoasrkyestste
.cmom./PInrivvaecsyt-o12r.sh,tmful).nders,
academic researchers, distributors, service
providers, and
4
ajor influencers in the market.
industries also serve as m
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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.
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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 USD 4.9 Billion
Revenue Forecast in 2027 USD 7.8 Billion
Growth Rate 10.0
Market size available for years 2020-2025
Base year considered 2019
Forecast period 2020-2025
Forecast units nhance your experience. By continuing to visit this site you Value (USD) agree to our use of cookies . More info
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By Autonomy, Ship Type, Solution, System and End
User
overed
Segments c
North America Europe
(/)
Geographies covered
Asia Pacific
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Latin America
Companies covered
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.
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
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Asia Pacific Middle East Africa Latin America
(/) Recent Developments HOME (/)RoAlBlsO-URToUySc(
e/ABhOaUsTaUSc-q8u.HiTreMdL) thLeEAUDKER-bSHaIsPeT
dEAiMnt(e/LgESrAaiDgtnEeRIdnS(HmhItPtapTrsEinA//w
Mew.AawSu.Pmt)oarmkeatstaiondnmsaorkleuttsi.oconms
/ssigpneinc.aiaspli)st Servowatch
RESEARSCyHsEtXePmERsTSfro(/RmESIEnAdRiaCHsLELAaDr
EsReSnHIP.ATSoPu) bBroR.IETFhINeGSn(e/AwNAsLuYbST
sBidRiIaEFryINsGSo.HpTeMnL)auCtAoRmEEaRtiSo(n/CsA
yRsEtEeRm.AsSPw) ill be fully CONTACT US
(/CONTACTUS.ASP) integrated into MTUs product
range. Wartsila signed an agreement to convert a
vessel from CBOs 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 vessels 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. 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
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