Press release
Integrated Marine Automation System Market is Forecasted to Reach US$ 10.48 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global integrated marine automation system market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 10.48 billion
Growth (CAGR): 9.55% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Integrated Marine Automation System Market:
The global integrated marine automation system market is segmented based on ship type, component type, end-user type, solution type, and region.
Based on ship type -T market is segmented as commercial ships and defense. The commercial ships segment is expected to grow at a higher CAGR in the coming five years. Upsurge in seaborne trade coupled with the rising demand for lessening functional costs for ships by arming them with automation systems is anticipated to boost the growth of the market.
Based on component type - The market is segmented into product and services. The product segment is estimated to register higher growth during the forecast period. Installation of various software, hardware, datalinks, and connectivity in marine automation systems is significantly contributing to the high growth of this segment.
Based on end-user type - The market is segmented as OEM and aftermarket. The OEM segment is expected to depict higher growth in the coming five years. Escalating seaborne trade across the globe is anticipated to pave the path for new shipbuilding orders, which in turn, will lead to an increase in the demand for OEM-integrated marine automation systems for new ships.
Based on solution type - The market is segmented as a power management system, vessel management system, process control, and safety system. The vessel management system segment is estimated to be the largest segment, during the forecast period, encompassing different subsystems, such as alarm monitoring system, dynamic positioning system, and machinery management, among others.
To know the most attractive segments, click here:
https://stratviewresearch.com/783/integrated-marine-automation-system-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe is estimated to command the integrated marine automation system market during the forecast period. This growth outlook is majorly attributed to the following-
• Despite the shipbuilding industry sailing through a rough ride currently, the claim for self-governing ships and cruise ships in Europe is anticipated to bolster the integrated marine automation system market in this region.
• North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Integrated Marine Automation System Market Drivers:
Some of the key drivers listed in the report are given below.
• Growing seaborne trade
• Mounting compliance with maritime safety protocols
• Advancement in maritime tourism
Top Companies in the Integrated Marine Automation System Market:
Stratview Research has identified the following companies as the top market players.
• ABB Group
• API Marine Inc.
• Consilium AB
• Honeywell International Inc.
• Kongsberg Gruppen ASA
• MTU Friedrichshafen
• Marine Technologies, LLC
• Praxis Automation Technology
• Siemens AG
• Thales Group.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Integrated Marine Automation System Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Marine Condition Monitoring System Market: https://stratviewresearch.com/2584/marine-condition-monitoring-system-market.html
• Condition Monitoring System Market: https://stratviewresearch.com/2581/condition-monitoring-system-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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