Integrated Marine Automation System Global Market Report 2024

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 expansion observed in the historical period can be attributed to rising government support, growing tourism, an increasing demand for cruise ships, and the rise of 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 anticipated growth in the forecast period can be attributed to rising government support, growing tourism, increasing demand for cruise ships, and the rise of naval ships. Key trends expected in this period include technological advances to aid in the development of new products, innovations in automated software testing, the adoption of scriptless test automation to reduce execution time, utilization of test automation to mitigate the risk of defects in software applications, and the incorporation of artificial intelligence for testing to enhance user experience.

The anticipated growth in tourism is poised to be a significant contributor to the expanding integrated marine automation system market. The tourism sector, particularly reliant on cruise ships for passenger transportation, has witnessed a surge in demand for cruise vessels. These vessels incorporate advanced automation systems to enhance passenger experiences, optimize fuel efficiency, and ensure safety. For instance, the Government of Brazil reported an 85.7% growth in the tourism industry in 2022 compared to the same period in 2021. Cruise tourism, a dynamically growing aspect of the leisure industry globally, is experiencing increased attention. India, as per the Press Information Bureau, aims to boost cruise passenger traffic from 0.4 million to 4 million. Growing marine tourism is expected to positively influence the integrated marine automation system market's growth.

The increasing demand for cruises is another factor expected to drive the integrated marine automation system market. Cruise passengers increasingly seek personalized experiences, and automation systems play a crucial role in tailoring cabin settings, dining options, entertainment choices, and excursions to meet diverse preferences. For example, in April 2023, the Cruise Lines International Association reported that British and Irish holidaymakers took around 1.7 million cruises, a substantial increase from the previous year. This surge in cruise demand is a key driver for the integrated marine automation system market.

A key trend gaining traction in the integrated marine automation system market is technological advancements, particularly in control system software developed using AI-based technologies. This innovation enables seamless integration and control through mathematical modeling, enhancing various marine operations. ABB, a Finland-based automation company, introduced the C-CAM automation solution for merchant marine vessels in October 2021. This user-friendly solution, based on artificial intelligence, automates and integrates control, alarm, and monitoring of critical systems on board, improving efficiency, safety, and situational awareness.

Major companies in the integrated marine automation market are strategically focusing on product innovations to fortify their market position. For instance, in June 2023, Kongsberg Maritime, a Norway-based technology pioneer, launched the K-Chief marine automation system - an all-in-one solution combining innovation, safety, and efficiency. The modular design allows configuration from 16 to 20,000 channels, catering to specific shipyard and ship owner needs, spanning from low-complexity alarm systems to highly integrated monitoring systems with advanced process control and power management.

In July 2023, Rolls-Royce, a UK-based engine manufacturer, made a strategic acquisition by purchasing Team Italia/Onyx Marine for an undisclosed amount. This acquisition strengthens Rolls-Royce's power systems business unit and enhances its position in the yacht market. Team Italia, an Italian-based company specializing in integrated bridge systems for superyachts and large vessels, contributes to Rolls-Royce's expansion efforts.

Major companies operating in the integrated marine automation system market report are Kongsberg Gruppen ASA, Siemens Energy, Emerson Electric Co, ABB Ltd., Wartsila Corporation, Rockwell Automation Inc., Ingeteam, Honeywell International Inc., Rolls-Royce Holdings PLC, Consilium AB, Jiangnan Shipyards Group, Changyuan Group Ltd., Zhonggu Logistics, Pacific International Lines (PIL), Yang Ming Marine Transport, Omron Corporation, Hitachi, Ltd., IHI Corporation, Korea Line Corporation, Hyundai Heavy Industries, CMI Jinling Shipyard, Aselsan, Buffalo Automation, Northrop Grumman, Naval Group, Bourbon Corporation, Elma B.V, RH Marine, Valcom, Transas Navigator, Concern Morinformsystem-Agat JSC, Boening Ship Automation, Jason Marine Group, Elcome, Control Solutions South Africa (Proprietary.

Europe was the largest region in the integrated marine automation system market in 2023. The regions covered in the integrated marine automation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the integrated marine automation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of autonomy in integrated marine automation include partial automation, remotely operated, and autonomous. Partial automation involves propulsion systems, power management systems, alarm and management systems, among others, demanded by ship operators that take over longitudinal and lateral control, while the operator must continuously monitor the system and be ready to take over control at any time. Various systems within this domain include power management systems, vessel management systems, process control systems, and safety systems. The end users of these systems encompass original equipment manufacturers (OEMs) and aftermarket services, and the different ship types include commercial, defense, and unmanned vessels.

The integrated marine automation market research report is one of a series of new reports that provides integrated marine automation market statistics, including integrated marine automation industry global market size, regional shares, competitors with integrated marine automation market share, detailed integrated marine automation market segments, market trends, and opportunities, and any further data you may need to thrive in the integrated marine automation industry. This integrated marine automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The integrated marine automation system market includes revenues earned by entities by power management systems, vessel management systems, process control, and safety systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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