Integrated Marine Automation System Market Expansion Analysis by 2025

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REER (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP)
RESOURCE CENTER ABOUT MNM HOME (/) PRESS
RELEASES (/PRESS-RELEASE-2.HTML) Integrated
Marine Automation System Industry worth 7.8
billion 7b5y02002C5OMPANIES WORLDWIDE APPROACH
US EVERY YEAR FOR THEIR REVENUE GROWTH
INITIATIVES KNOW MORE (/Knowledgestore.asp) Integr
ated Marine Automation System Industry worth 7.8
billion by 2025 VIEW FULL TABLE OF CONTENTS
(HTTPS//WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/
INTEGRATED- MARINE-AUTOMATION-SYSTEM-MARKET-15635
4645.HTML) METHODOLOGY (HTTPS//WWW.MARKETSANDMAR
KETS.COM/MARKET-REPORTS/INTEGRATED-MARINE-
AUTOMATION-SYSTEM-MARKET-156354645.HTML) DOWNLOA
D PDF (/PDFDOWNLOADNEW.ASP?ID156354645) Markets
andMarkets The "Integrated Marine Automation
System Market (https//www.marketsandmarkets.com/
Market-Reports/integrated-marine-automation-system
-market- 156354645.html) by Autonomy
(Autonomous, Remotely-operated, Partial
Automation), Ship Type (Commercial, Defense,
Unmanned), End User (OEM, Aftermarket), Solution
(Products, Services), System and Region-Global
Forecast to 2025", is projected to grow from USD
4.9 billion in 2020 to USD 7.8 billion by 2025,
at a CAGR of 10.0 from 2020 to 2025. Some of the
major factors driving this market include the
increasing global sea trade, improving marine
navigational safety resulting in lesser
accidents, and growing maritime tourism. The
demand for new ships and the retrofitting of
existing ships with advanced technologies are
expected to grow with increased trade activities.
New defense and commercial vessels are equipped
with advanced systems for improved safety and
efficiency. Browse 324 market data Tables and 56
Figures spread through 305 Pages and in-depth TOC
on "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-Global Forecast to 2025" View detailed
Table of Content here - https//www.marketsandmark
ets.com/Market-Reports/integrated-marine-
automation-system-market-156354645.html
(https//www.marketsandmarkets.com/Market-Reports/
integrated- marine-automation-system-market-15635
4645.html) The COVID-19 pandemic has impacted the
integrated marine automation system market
significantly. The spread of COVID-19 has also
forced shipping companies to implement remote
working and digital technologies for business
continuation and fleet optimization. For example,
shipping companies and original equipment
manufacturers are using artificial intelligence
for predictive maintenance, intelligent
scheduling, real-time analytics, and improving
performance. This break in business operations is
directly influencing the revenue of the
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ion system market. Even though some industries
continued operations, delays in mited supply of
produced goods capped production and reduced
capacity utilization B(/)ased on autonomy,
remotely-operated segment projected to lead
integrated marine automation system market
during the forecast period
integrated marine automat systems supply and the
li rates.
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tomation system market is segmented into
autonomous, remotely- operated and partial
automation. The growth of the remotely-operated
segment of the integrated marine automation
system market can be attributed to the increased
investments in developing unmanned and remotely-
controlled vessel operations. Based on ship type,
defense segment projected to dominate integrated
marine automation system market during the
forecast period Based on ship type, the
integrated marine automation system market is
segmented into commercial and defense and
unmanned. The commercial segment is expected to
dominate the market, owing to the rising seaborne
trade and tourism across the globe. Based on end
user, the OEM segment accounts for the largest
market size during the forecast period Based on
end use, the integrated marine automation system
market is segmented into OEM and aftermarket.
The OEM segment is estimated to account for a
largest share in 2020 as compared to the
aftermarket segment. The OEM segment is also
expected to grow at a higher CAGR as compared to
the aftermarket segment during the forecast
period, owing to increased investments in naval
defense coupled with seaborne trade by several
nations. Europe is expected to be the
fastest-growing region for integrated marine
automation system market during the forecast
period Europe is among the fastest-growing
regions for integrated marine automation system
market. Europe has a developed market for
offshore vessels, which is expected to grow
significantly over the next few years. The
growth of the shipbuilding industry in Europe is
one of the most significant factors contributing
to the increasing demand for integrated marine
automation systems in this region. Increasing
investments in the defense sector and
restructuring efforts undertaken by ship
manufacturing companies are other factors driving
the market in Europe. Some of the players
operating in the integrated marine automation
system market are 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. Dont miss out on business opportunities
in Integrated Marine Automation System Market.
Speak to our analyst and gain crucial industry
insights that will help your business grow.
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