Integrated Marine Automation System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Integrated Marine Automation System Market was valued at USD 5.03 billion in 2023 and is anticipated to register over 10% CAGR between 2024 and 2032. The expansion of global trade is a significant driver for the market development. As international trade continues to grow, the demand for shipping and marine transportation increases, leading to a higher number of vessels and more complex logistics.

The overall industry is divided into product type, autonomy, ship type, system, end user, and region.

Based on product type, the market is divided into hardware and software. In 2023, the hardware segment accounted for the largest share of over 60%. This is due to the critical role that physical components play in marine automation. Key hardware elements, such as sensors, controllers, and communication devices, form the backbone of automation systems by enabling real-time data collection, processing, and communication. These physical components are also essential for the functionality of IMAS, as they directly impact the accuracy and reliability of operations onboard vessels.

Based on autonomy, the integrated marine automation system market is divided into partial automation, remotely-operated, and autonomous. In 2023, the remotely-operated segment was the fastest-growing segment and will be growing at a CAGR of over 12% through 2032 due to this significant growth rate. These systems offer a practical solution for enhancing vessel operations without the need for full autonomy. They offer ship operators with the capability to manage and monitor vessel functions from a distance, which is particularly beneficial for managing fleets and performing remote diagnostics. This flexibility aids to decrease the necessity for onboard personnel and lowers operational costs, driving increased adoption.

Asia Pacific held the largest integrated marine automation system market share of over 37% in 2023. The booming maritime sector, driven by major shipping hubs in countries like China, Japan, and South Korea, has created a substantial demand for advanced automation systems. These nations are leading global trade and shipping, further necessitating sophisticated technique to manage high volumes of cargo and enhance operational efficiency. Governments and private stakeholders are also increasingly prioritizing technology upgrades to improve safety, efficiency, and environmental sustainability in maritime operations.

Product Code: 10579

Chapter 1 Scope and Methodology

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology and innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Increased operational efficiency
  - 3.7.1.2 Enhanced safety measures
  - 3.7.1.3 Demand for fuel efficiency
  - 3.7.1.4 Technological advancements
  - 3.7.1.5 Expansion of global trade
- 3.7.2 Industry pitfalls and challenges
  - 3.7.2.1 High initial investment costs
  - 3.7.2.2 Complex integration challenges
3.8 Growth potential analysis
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product Type, 2021-2032 (USD Million)

5.1 Key trends
5.2 Hardware
5.3 Software

Chapter 6 Market Estimates and Forecast, By Autonomy, 2021-2032 (USD Million)

6.1 Key trends
6.2 Partial automation
6.3 Remotely-operated
6.4 Autonomous

Chapter 7 Market Estimates and Forecast, By Ship Type, 2021-2032 (USD Million)

7.1 Key trends
7.2 Commercial
7.3 Defense
7.4 Unmanned

Chapter 8 Market Estimates and Forecast, By System, 2021-2032 (USD Million)

8.1 Key trends
8.2 Power management system
8.3 Vessel management system
8.4 Process control system
8.5 Safety system

Chapter 9 Market Estimates and Forecast, By End User, 2021-2032 (USD Million)

9.1 Key trends
9.2 OEM
9.3 Aftermarket

Chapter 10 Market Estimates and Forecast, By Region, 2021-2032 (USD Million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 ABB Ltd.
11.2 Consilium Marine and Safety AB
11.3 Emerson Electric Co.
11.4 Furuno Electric Co., Ltd.
11.5 Honeywell International Inc.
11.6 Imtech Marine B.V. (RH Marine)
11.7 Kongsberg Gruppen
11.8 L3 Technologies, Inc.
11.9 Marine Electricals (India) Limited
11.10 Marine Technologies LLC
11.11 Mitsubishi Heavy Industries, Ltd.
11.12 MTU Friedrichshafen GmbH
11.13 Navis Engineering Oy
11.14 Northrop Grumman Corporation
11.15 Norwegian Electric Systems AS
11.16 Praxis Automation Technology B.V.
11.17 Raytheon Anschutz GmbH
11.18 Rockwell Automation, Inc.
11.19 Rolls-Royce Holdings plc
11.20 Schneider Electric
11.21 Siemens AG
11.22 Tokyo Keiki Inc.
11.23 Transas Marine Limited
11.24 Ulstein Group ASA
11.25 Wartsila Corporation