Integrated Marine Automation System Market By Autonomy (Partial Automation, Remotely-Operated, Autonomous)By Solution (Products, Services) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the report

How are the prominent segments performing in the integrated marine automation system market?

• In 2022, the partial automation segment accounted for the largest market share due to the rise in the installation of automation systems in old and new ships.
• In 2022, the vessel management system segment was anticipated to hold a major market share in the global integrated marine automation system market as it is widely used due to the advanced adoption of vessel management systems by marine, naval, and offshore companies.
• In 2022, the commercial system segment was anticipated to hold a major share in the global integrated marine automation system market owing to the growing maritime trade and travel.
• In 2022, the product segment accounted for a prominent share of the market due to the installation of various software, hardware, datalinks, and connectivity in marine automation systems.
• In 2022, the OEM segment accounted for the largest market share, with increased demand for OEM-integrated marine automation systems for new ships.

Which region dominated the integrated marine automation system market?

In 2022, the Europe region was anticipated to hold a major share of the global integrated marine automation system market. Growing demand for maritime services is a factor expected to drive the growth of the target market in the Europe region. Kongsberg recently established two fully automated ferries for striking the one-mile stretch between Anda and Lote in Norway. These vessels have been in working since 2018 and are fully autonomous, with the peculiarity of a human captain’s handling of docking methods. This expands the growth of integrated automation in this region.

How is the US market portrayed in the integrated marine automation system market?

In 2022, the US was expected to be the fastest-growing in the global integrated marine automation system market. This is anticipated due to the growing research and development of marine automation systems by major players such as Honeywell International Inc., General Electric, and Emerson Electric Co. The stringent government standards connected to the software and the structure of the product on the developed ship will have a short-term impact on the market growth in the US.

How is the economy impacting the global integrated marine automation system growth?

The Russia-Ukraine war disrupted the opportunities for global economic recovery from the COVID-19 pandemic slightly in the short term. The war between these two nations has led to economic sanctions on multiple regions, a surge in commodity prices, and supply chain disruptions, driving inflation across goods and services and influencing multiple markets across the globe.

What is the competitive environment of the integrated marine automation system market?

The integrated marine automation system industry’s competitive environment delivers information on the whole economic profit made by businesses, the sales and revenues created in this sector, the integrated marine automation system market share worldwide, the introduction of new products, and the opportunities for the industrial integrated marine automation system market. For instance, in September 2019, Kraken Robotics Inc. subsidiary, Kraken Robotic Systems Inc., acquired an investment demand from ThayerMahan Inc. for a KATFISH 180 strategy for USD 2.9 million. Kraken’s KATFISH 180, an energetically stabilized towfish with Synthetic Aperture Sonar (SAS), divide-area seafloor survey with increased area coverage rates; superior pixel resolution for detection and classification; full-swath, full-resolution SAS processing; 200m+ operating depth; automatic target detection; altitude- or depth-keeping navigation; and in-stride classification.

Executive Summary

What are the key trends in the integrated marine automation system market?

• The rise in software development, adoption of the internet of things (IoT) for real-time decision-making, and demand for situational awareness in ships drive the market growth.
• Moreover, the revision of marine safety regulations, advancements in sensor technologies & improved navigation systems in ships, and opportunities for growth in market investments.

How does the rise in software development drive the integrated marine automation system market?

Software plays an important role in the functioning of integrated automation systems. It provides ships with details for smooth operations, better management, and timely monitoring of health. The software also consists of features that can be used for port traffic management, as a huge rush requires extreme precision. For instance, in September 2020, maritime artificial intelligence analytics 4.0 was released by Winward (UK). It is a new marine automation software technology capable of screening, searching, and analyzing dynamic maritime data. Collected data is analyzed automatically, and compares the collected data with previous results. Then the analyzed data is used to display all potential risks. The software also uses dynamic predictive intelligence based on the ship’s identity, cargo type, location, and voyage pattern, to link this data to patterns and profiles. It can also detect irregularities in voyage patterns, the path it is going through, and adverse weather conditions. Thus, growing developments in software and artificial intelligence (Al) technology are expected to drive the growth of the integrated marine automation system market.

Which are the key investments by the integrated marine automation system market players?

Leading players operating in the integrated marine automation system market focus on the production capacities for integrated marine automation systems. Major players are concentrating on strategic mergers and acquisitions, collaborations, and creating awareness among customers in the domestic market to stay competitive. For instance, in November 2021, MJR Power and Automation was granted a contract to establish its marine automation platform MAP-OE on the SMS Roman tugboat.

Some prominent players in the integrated marine automation system market are Consilium Safety Group, Siemens, ABB, Kongsberg Maritime, Marine Technologies, LLC, Thales Group, Honeywell International Inc., Praxis Automation Technology B.V., Rolls-Royce plc, FINCANTIERI S.p.A., Jason Marine Group, Emerson Electric Co, Northrop Grumman., and API Marine Inc., among others.

What are the prominent driving factors for the integrated marine automation system market?

Prominent players are focused on developing software solutions for automating ship operations. The increasing development of software to provide vessel traffic management, efficient ship operations, and ship health monitoring is expected to drive market development. For instance, in September 2020, Windward established a maritime software Maritime Artificial Intelligence Analytics 4.0, that can explore, screen, and explore dynamic maritime data and learn potential risks. This software is developed to select voyage irregularities. Hence, the rising developments in software are expected to propel market growth. Moreover, the growing adoption of technologies, including artificial intelligence, big data analytics, the internet of things, and others, are anticipated to augment the market growth over the forecast period.

What are the major risks for the integrated marine automation system market?

The threat of a cyber-attack on a ship expands due to automation. The ships travel through routes mapped by the satellites during their voyages, growing the risk of cyber threats. The demand for connected and autonomous ships has enhanced the adoption of integrated marine automation systems. It is the first stage toward automating entire vessels. However, this automation is expected to make ships vulnerable to cyber-attacks. With increasing online threats and attacks globally, the Maritime Safety Committee from the International Maritime Organization has declared provisional guidelines to control cyber-attacks on ships’ systems.

Which is the key ship type in the integrated marine automation system market?

The commercial segment is expected to hold a prominent share of the global market during the forecast period. Various cruise ship line business that works a fleet of small luxury cruise ships is spreading to automation. For instance, in Sep 2019, Windstar Cruises revealed to re-engine its Star-class vessels concerning new automation and control systems, upgraded boilers, tank monitoring systems, and ballast water treatment systems. This will be sourced by Fincantieri, who delivers ship industrialization and navigation systems for Naval vessels, Ferries, Cruise ships, and Yachts.

How is the integrated marine automation system market performing in regions?

Asia Pacific market is expected to detect the fastest growing region in the global integrated marine automation system market during the forecast period and is anticipated to expand at a higher compound annual growth rate through the forecast period. The dominance is due to prominent shipbuilding companies, including Daewoo Shipbuilding & Marine Engineering, China Shipbuilding Industry Corporation, and others that enhance the region’s integrated marine automation system market. As per the report published report, South Korea, Japan, and China account for 90% of the world’s cargo ships. Hence, the existence of shipbuilding companies supports the automation of ships in the region.

What is the regulatory landscape for the integrated marine automation system market?

Environmental legislation, legislation on marine renewable energy, fisheries regulations, and the Integrated Maritime Policy. The weak links between these categories of policy drivers, underpinned by a need for more clarity regarding the vision for sustainability, pose major challenges for the emergence of ecosystem-based and integrated marine spatial planning.

What is the market size of integrated marine automation systems regarding value?

The global integrated marine automation system market is anticipated to enhance at a substantial CAGR of 10.50% in the upcoming years. The global integrated marine automation system industry was estimated to be worth USD 5.2 billion in 2022 and was anticipated to be worth USD 10.46 billion by 2028.

What are the key players planning for the future of the Integrated Marine Automation System market?

Growing regional existence in downstream applications is anticipated to stay competitive in the market. For instance, in October 2021, Sunrise Reliance LLC gave Hoglund a contract to provide an Automation and Fuel Gas Supply System (FGSS) for the retrofitting of a 2400 TEU cargo ship. In order to deliver an integrated solution that incorporates a FGSS, Power Management System (PMS), Ship Performance Monitor (SPM), and full automation of new systems on the ship, Hoglund and COSCO Shipyard Group will collaborate.

Segmentation of Global Integrated Marine Automation System Market-

Global Integrated Marine Automation System Market – By Autonomy

• Partial Automation
• Remotely-Operated
• Autonomous

Global Integrated Marine Automation System Market – By Solution

• Products
• Services

Global Integrated Marine Automation System Market – By Ship Type

• Commercial
• Defense
• Unmanned

Global Integrated Marine Automation System Market – By End User

• OEM
• Aftermarket

Global Integrated Marine Automation System Market – By System           

• Power Management System
• Vessel Management System
• Process Control System
• Safety System

Global Integrated Marine Automation System Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa