02 March 2020
Visiongain has launched a new report Integrated Marine Automation System Market Report 2020-2030: Forecasts by Ship Type (Commercial, Defence), by Solution (Power Management System, Vessel Management System, Process Control, Safety System), by Component (Product, Service) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global integrated marine automation system market is expected to grow at a lucrative rate during the forecast period. The rising maritime navigation safety that reduces the number of accidents, increasing maritime tourism, and growing world trade by sea are some of the factors driving the market. However, the lack of skilled professionals and digitalization ships increasing vulnerability of ships to cyber threats due to digitalization are some of the few factors restraining the growth of the integrated marine automation system market. The integrated marine automation system market can be segmented based on ship type, solution, component, and region.
To access the data contained in this document please email firstname.lastname@example.org
The market is witnessing high adoption of integrated marine automation systems especially in the commercial ships because of its ability to reduce costs of operation. These systems aid in the integration of individual as well as geographically diverse components so as to control and monitor minor equipments, sea water cooling system, and HAVC among others. These systems are also used for managing cargo operations, power generation and distribution, and the ship's propulsion systems. Growing awareness about maritime safety among ship industrialists and maritime tourism are expected to further propel the market growth. Although, growing concerns about threat to cyber security may pose as an impediment, the development of technologically advanced vessels and growing number of port cities in the emerging markets present promising market opportunity.
Some of the players such as Northrop Grumman Corporation, ABB Ltd., Siemens Corporation, Tokyo Keiki Inc., Consilium AB, Kongsberg Gruppen ASA are currently dominating the market. These major companies are increasingly focusing on research and development activities so as to gain competitive advantage. Some of the other companies operating in the market include Wartsila Oyj, Thales Group, Transas Marine Ltd., Marine Technologies LLC, and Praxis Automation Technology. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships so as to increase their presence in the global market.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Factors such as surge in rising agricultural export & import and massive presence of large capacity barges & increasing quality of inland waterways are propelling the market growth.
06 May 2021
Factors such as government regulations regarding safety features, Companies focusing on reducing delivery and vehicle maintenance cost, increasing awareness and expenditure are some factors driving the recreational boats market.
17 March 2021
The global marine market is expected to recover at a steady pace, details about which has been provided in the report. However, reaching revenue equivalent to the pre-COVID levels will be a challenge in the near-term according to the visiongain’s estimate.
17 March 2021
Although there is a high degree of preference for replacing fossil energy sources by their renewable equivalents aboard ships; the study of developing renewable infrastructures for marine transportation is still in its first steps. Application of solar energy in the marine power system is widely accepted as a promising solution for many countries to develop green ship.