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Integrated Marine Automation System Market Size (2024 - 2029)

The integrated marine automation system market is experiencing growth driven by advancements in technology, such as AI and machine learning, which are enhancing automation solutions, particularly in vessel management. The maritime tourism industry's expansion and the increasing volume of international seaborne trade are significant factors contributing to the market's growth, as they necessitate the development of more cruise and cargo ships equipped with automation systems. However, the market's expansion is somewhat hindered by the vulnerabilities associated with digitalization, which expose ships to cyber threats, necessitating robust cyber risk management strategies.

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Market Size of Integrated Marine Automation System Industry

Integrated Marine Automation Systems Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 2.50 %
Fastest Growing Market Europe
Largest Market Europe
Market Concentration Low

Major Players

Integrated Marine Automation Systems Major Players

*Disclaimer: Major Players sorted in no particular order

Integrated Marine Automation System Market Analysis

The integrated marine automation system market is projected to grow at a CAGR of 2.5% during the forecast period (2021 - 2026). The adoption of new technological capabilities such as AI and machine learning augmented with different software use, to support the solutions offered in this market has been a new trend. For instance, Marine image annotation software (MIAS) is used to assist the annotation of underwater imagery. Integration into accessible MIAS is currently limited to semi-automated processes of pixel recognition through computer vision modules. The development in this field will be a new trend towards the integration of AI in automation in information management under the vessel management segment.

  • High growth in the maritime tourism industry is driving the market as cruising is considered a well-established vacation zone in the North American and European region and a developing sector in several other emerging regions. This demands the development of more cruise ships by which the market growth is rising.
  • Growing seaborne trades is driving the market. According to the United Nations, International seaborne trade stored momentum in 2017, with volumes expanding by 4%, which was the fastest growth in the last five years and is still expanding at present. Developing economies continue to make a major contribution, such as the Asia region. This demands more cargo ships by which the market growth rises as it decreases operational costs for ships by equipping them with automation systems.
  • Digitalization in ships is vulnerable to cyber threats, which are restraining the market to grow. As ships are increasingly utilizing systems that rely on digitization which call for cyber risk management on board. As technology continues to develop, information technology (IT) and operational technology (OT) onboard ships are being networked together and more frequently connected to the internet. This brings the greater risk of unauthorized access or malicious attacks to ship's systems and networks.

Integrated Marine Automation System Industry Segmentation

The integrated marine automation system is a distributed monitoring and control system. New enhanced human-machine interfaces (HMI) and open system architecture are providing the highest standard in quality and functionality in vessel management, safety system, etc, with increasing compliance with maritime safety norms for end-users such as in commercial and defense sector.

 

By Product
Hardware
Software
By Solution
Vessel Management
Power Management
Safety System
Other Solutions (Process Control System)
End-User
Commercial
Defense
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
South Korea
Japan
India
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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Integrated Marine Automation System Market Size Summary

The integrated marine automation system market is experiencing a steady growth trajectory, driven by advancements in technology such as artificial intelligence and machine learning. These technologies are being integrated into various software solutions to enhance vessel management and information management systems. The maritime tourism industry, particularly in North America and Europe, is a significant contributor to market expansion, as the demand for new cruise ships rises. Additionally, the growth of seaborne trade, especially in developing economies like Asia, is fueling the need for more cargo ships equipped with automation systems, which help reduce operational costs. However, the increasing digitization of ships poses cyber security challenges, potentially restraining market growth due to the risks of unauthorized access and malicious attacks on ship systems.

Europe holds a substantial share of the integrated marine automation system market, with significant revenue generation attributed to the rise in cruise and autonomous ships. Key European ports are investing in infrastructure and automation to efficiently handle large vessels and digitally connected supply chains. The demand for maritime services is also on the rise, further propelling market growth in the region. Notable developments include the launch of fully automated ferries and the successful demonstration of autonomous vessels, which highlight the region's commitment to advancing integrated automation. The market is highly fragmented, with major players like Emerson Electric Co and Kongsberg Gruppen focusing on innovation and expanding their global customer base. Recent advancements include the deployment of advanced sonar systems and hybrid power solutions, underscoring the ongoing evolution and scalability of marine automation technologies.

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Integrated Marine Automation System Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 High Growth in the Maritime Tourism Industry

      2. 1.2.2 Volumetric Growth in Seaborne Trades

    3. 1.3 Market Restraints

      1. 1.3.1 Vulnerability to Cyberthreats Through Digitalization

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Hardware

      2. 2.1.2 Software

    2. 2.2 By Solution

      1. 2.2.1 Vessel Management

      2. 2.2.2 Power Management

      3. 2.2.3 Safety System

      4. 2.2.4 Other Solutions (Process Control System)

    3. 2.3 End-User

      1. 2.3.1 Commercial

      2. 2.3.2 Defense

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 South Korea

        3. 2.4.3.3 Japan

        4. 2.4.3.4 India

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 Latin America

        2. 2.4.4.2 Middle-East & Africa

Integrated Marine Automation System Market Size FAQs

The Integrated Marine Automation System Market is projected to register a CAGR of 2.5% during the forecast period (2024-2029)

Emerson Electric Co, Kongsberg Gruppen, ABB Group, Rockwell Automation Inc. and Jason Marine Group are the major companies operating in the Integrated Marine Automation System Market.

Integrated Marine Automation System Market Report Snapshots

Integrated Marine Automation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)