PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570552
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570552
Integrated Marine Automation System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
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.
Table of Contents
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
- 3.7.1 Growth drivers
- 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
