The global demand for Integrated Marine Automation System Market is presumed to reach the market size of nearly USD 28.28 BN by 2030 from USD 9.83 BN in 2022 with a CAGR of 14.12% under the study period 2023 - 2030.
The Integrated Marine Automation System (IMAS) is a system that helps ships enhance their operating efficiency and safety. Sensor fusion technologies and artificial intelligence enable ships with integrated automation systems to make smarter decisions. IMAS also aids in detecting and neutralizing threats by enhancing vessel performance. These technologies are used to process data to reduce human intervention and lessen the risk of error. Because it saves space, these characteristics of automation systems are becoming increasingly popular. Software is critical to the operation of integrated automation systems. It gives ships the information for seamless operations, better management, and prompt health monitoring. Furthermore, because fewer people are required onboard, it necessitates fewer crew members, lowering crew training costs.
Market Dynamics
As maritime trade has grown in recent years, the use of integrated marine automation in new ships and retrofitting older ships have expanded, propelling the integrated marine automation system market to new heights. The integrated marine automation system market is predicted to rise as software and artificial intelligence (AI) technology improves. In addition, the market is projected to grow due to increased software development, acceptance of the internet of things (IoT) for real-time decision-making, and rising demand for situational awareness in ships. Additionally, changes to maritime safety standards, developments in sensor technology, and enhanced navigation systems in boats can all be viewed as possibilities for the integrated marine automation system market to grow. However, the integrated marine automation system market's expansion is projected to be hampered by rising cyber risks and weak network connectivity.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of integrated marine automation system. The growth and trends of integrated marine automation system industry provide a holistic approach to this study.
Market Segmentation
This section of the integrated marine automation system market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Autonomy
- Partial Automation
- Remotely-Operated
- Autonomous
By Solution
By Ship Type
- Commercial
- Defense
- Unmanned
By End User
By System
- Power Management System
- Vessel Management System
- Process Control System
- Safety System
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Integrated Marine Automation System market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Integrated Marine Automation System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the integrated marine automation system market include ABB (Switzerland), Honeywell International, Inc. (US), Rolls-Royce PLC (UK), Wartsila (Finland), and Kongsberg (Norway). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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