Press release
Marine Automation System, Global Industry Trends, Growth, Opportunities 2024
Global Integrated Marine Automation
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7723&type=smp
According to The Business Research Company's, The integrated marine automation system market size has grown strongly in recent years. It will grow from $4.71 billion in 2023 to $5.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to rising government support, growing tourism, increasing demand for cruise ships and rising naval ships.
The integrated marine automation system market size is expected to see strong growth in the next few years. It will grow to $6.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to rising government support, growing tourism, increasing demand for cruise ships and rising naval ships. Major trends in the forecast period include technological advances to aid in development of new products, product innovations in automated software testing, scriptless test automation to reduce the time of execution, test automation to lower the risk of defects in software applications and artificial intelligence for testing to improve user experience.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/integrated-marine-automation-system-global-market-report
Market Drivers and Trends:
Growing tourism is expected to contribute to the growth of the integrated marine automation system market going forward. The tourism industry often relies on cruise ships to transport passengers to various destinations. With growing tourism, there is an increased demand for cruise vessels. These ships are typically equipped with advanced automation systems to enhance the passenger experience, optimize fuel efficiency and ensure safety. For example, according to the Government of Brazil, the tourism industry in Brazil grew by 85.7% in 2022, compared to the same period in 2021. Cruise tourism is one of the most dynamic and fastest-growing components of the leisure industry worldwide. Moreover, in May 2022, according to the Press Information Bureau, an India-based apex organization under the central government, India aims to increase cruise passenger traffic from 0.4 million at present to 4 million. Additionally, according to ForwardKeys, a Spain-based Database management company, 800,000 cruise ship passengers were estimated to visit Valencia in 2022, with 219 port stops scheduled for the year. Therefore, growing marine tourism is expected to positively impact the growth of the integrated marine automation system market during the forecast period.
Technological advancements are the key trend gaining popularity in the integrated marine automation system market. The market is witnessing an increase in control system software developed on AI-based technologies. The control systems provide seamless control integration through mathematical modeling and design of various marine operations. For instance, in October 2021, ABB, a Finland-based automation company, launched a C-CAM automation solution for merchant marine vessels. This C-CAM is a user-friendly and handy solution that automates and integrates control, alarm, and monitoring of critical systems on board, offering access to system data through mobile devices. The automation solution is based on artificial intelligence and applies to vessel systems, power management, cargo control, and tank gauging. It improves efficiency and safety by allowing faster troubleshooting and maintenance and improving situational awareness.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Stella Chemifa Corp, Solvay SA, Honeywell International Inc, Zhejiang Sanmei Chemical Ind.Co. Ltd., Do-Fluoride New Materials Co. Ltd., Lanxess AG, Daikin Industries Ltd., Koura Global, Dongyue Group Co. Limited., Fluorsid Group Srl, A. B. Enterprises, Triveni Interchem Pvt. Ltd, Choice Organochem Llp., Siddhi Vinayak Industries, Wuhan Wanbangde Industrial & Trade Co Ltd, Xinyi Chemicals Industry Company LTD, Shanshui Chemicals Industrial Co. Ltd, Sinchem Industry Co. Ltd., Zhejiang Kaisn Flourochemical Co. Ltd, Coogee, Brenntag SE, CSC Jäklechemie GmbH & Co. KG., Rexchem UK Limited, Penta chemicals, Sigma-Aldrich, SolvChem, RICCA Chemical, the Chemours Company, Fisher Scientific, Merck Millipore, Alphachem Limited, Orbia, Correias Mercúrio, Pall Corporation, Mexichem Brasil, Gulf Fluor LLC, ICL Group Ltd, Kemcore, Desmet Ballestra, Orbia, Chemifa Corp.
Integrated Marine Automation System Market 2024 Key Insights:
• The integrated marine automation system market size is expected to see strong growth in the next few years. It will grow to $6.96 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Contribution Of Growing Tourism To The Expansion Of The Integrated Marine Automation System Market
• Surging Trends In Technological Advancements Within Integrated Marine Automation Systems
• Europe was the largest region in the integrated marine automation system market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7723&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: mailto:info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company ( https://www.thebusinessresearchcompany.com ) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Marine Automation System, Global Industry Trends, Growth, Opportunities 2024 here
News-ID: 3776568 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Ind
Titanium Sponge Market: Complete Guide to Understanding Forecast (2023-2030): Ta …
The Titanium Sponge market report presents the global Titanium Sponge sales and revenue by companies, regions, types, and applications and forecast for 2028. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors, and Porter's Five Forces Analysis.
Titanium Sponge Market competition landscape by sales volume, Price (USD/Unit), revenue (Million USD), cost-profit analysis, and market share of…
3rd T20I 2021, SL vs IND Today Match Prediction 29th July
The third T20I of the 2021 Tour of Sri Lanka 2021 will see Sri Lanka and India clash at the R.Premadasa Stadium in Colombo on Thursday 29 July 2021. Read on to find out who the winner of today's 3rd T20I is. Travel to India, Sri Lanka on July 29, 2021.
India's travel to Sri Lanka has been fraught with ups and downs. First, a confirmed case of Corona 19 at…
Global Curcumin Market 2019 - Synthite Ind, Sabinsa, Indena, Biomax
This new report by Eon Market Research, titled “Global Curcumin Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Curcumin industry at a global as well as regional and country level. Key facts analyzed in this report include the Curcumin market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study of the competitive…
Global Curcumin Market: Tairui Biotech, Synthite Ind,Zhongda Bio, Tianxu Biotech
Global Market Study Evaluate on Curcumin Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022.The scope of the global Curcumin market report is:
This report offers a comprehensive evaluation of the Curcumin market. It does so by in-depth qualitative insights, historical Curcumin market data, and verifiable projections about global Curcumin market size. The projections featured in the Curcumin market report have been derived using proven research assumptions and…
Curcumin Market 2016 - Synthite Ind, Sabinsa, Indena, Biomax, K.Patel Phyto,
The Global Curcumin Market 2016 Industry Research Report focused on major manufacturers, regions, type as well as application of the Curcumin industry.
Curcumin is an ingredient of turmeric which is found in limited amounts in ginger. It is not water-soluble, but it is soluble in ethanol. It has excellent properties such as anti-inflammatory and anti-oxidation. It is extracted from turmeric and is widely used in pharmaceuticals, food and cosmetics industry…
Technology Innovation Award for IND iMobile Banking
1st April 2009- BUDAPEST, Hungary – The prestigious award, Innovation Grand Prize recognized by The Hungarian Association for Innovation was presented by The President of the Republic of Hungary Mr. László Sólyom at the dignified ceremony held in Hungarian Parliament’s Upper House Hall on last Friday.
IND Group’s software product, IND iMobile Banking presented at last year’s CEBIT with a great success, received the glittering Technology Innovation Award at 17th…
