Global Integrated Marine Automation System Market

Integrated Marine Automation System Market Size, Share, Growth Analysis, By Component (Hardware, Software), By Solution (Process Control, Safety System), By Ship Type, By End User, By Region - Industry Forecast 2025-2032


Report ID: SQMIG20T2017 | Region: Global | Published Date: November, 2024
Pages: 202 | Tables: 63 | Figures: 75

Integrated Marine Automation System Market News

  • n June 2024, Wallenius Wilhelmsen, a roll-on/roll-off shipping leader based in Oslo, Norway, has expanded its fleet considerably by placing new orders for four additional "Shaper class" vessels. These latest additions bring their total confirmed orders for the next-generation Shaper class to twelve. 

  • In august 2023, In a breakthrough for the shipping industry, South Korean shipbuilding giant Hyundai Samho Heavy Industries unveiled the world's first vessel equipped with an AI system for automated engine control. 

  • In 2023, Valmet, a major player in process technologies and automation, solidified its position as a top North American automation supplier by acquiring NovaTech Automation's process solutions division in Maryland. This move strengthens Valmet's reach, allowing them to compete with the industry's biggest names. 

  • In March 2022, Honeywell International Inc. introduced its new Integrated Navigation System, offering advanced features such as real-time data integration, intelligent route planning, and collision avoidance capabilities for enhanced vessel navigation.
  • In January 2022, ABB announced the launch of its ABB Ability™ Marine Fleet Portal, a solution that provides real-time fleet insights for vessel operators, enabling them to optimize performance, efficiency, and sustainability.
  • In September 2021, Siemens AG launched its SISHIP BlueDrive Integrated Automation System, which combines propulsion, power, and automation systems to enable optimized vessel performance, reduced fuel consumption, and enhanced operational efficiency.
  • In April 2021, Kongsberg Gruppen ASA collaborated with a leading maritime technology company to develop an autonomous maritime operations system, enabling unmanned vessels to operate efficiently and safely.
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Global Integrated Marine Automation System Market size was valued at USD 3.84 billion in 2022 and is poised to grow from USD 4.12 billion in 2023 to USD 7.29 billion by 2031, growing at a CAGR of 7.4% during the forecast period (2024-2031). 

The Global Integrated marine automation system Market is highly competitive, with several key players striving to capture a significant market share. These players are constantly engaged in innovation, partnerships, and strategic initiatives to gain a competitive edge. The global integrated marine automation system market is highly competitive, with key players focusing on technological advancements, digitalization, and sustainability to cater to the evolving needs of the maritime industry. The market is characterized by intense competition, innovation, and strategic collaborations, as companies strive to expand their market presence and offer comprehensive automation solutions to vessel operators worldwide. 'ABB Ltd. ', 'Honeywell International Inc. ', 'Rolls-Royce PLC ', 'Wärtsilä Corporation ', 'Kongsberg Gruppen ASA ', 'Emerson Electric Co. ', 'General Electric Company ', 'Siemens AG ', 'Northrop Grumman Corporation ', 'Rockwell Automation, Inc. ', 'Sea Machines Robotics, Inc. ', 'Marlink Group ', 'Marine Technologies, LLC ', 'Aselsan A.S. ', 'API Marine ApS ', 'FINCANTIERI S.p.A. ', 'Fugro ', 'Hyundai Electric & Energy System Co., Ltd. ', 'L3Harris Technologies, Inc. ', 'Logimatic'

Vessel operators are increasingly adopting integrated marine automation systems to improve operational efficiency. These systems automate various processes, optimize fuel consumption, and enhance performance, leading to cost savings and improved productivity.

Digitization and Connectivity: The trend of digitization and connectivity is transforming the maritime industry. Integrated marine automation systems are leveraging technologies such as IoT, cloud computing, and data analytics to enable remote monitoring, real-time data sharing, and improved decision-making.

North America is expected to witness the fastest growth in the integrated marine automation system market due to the increasing investments in the marine industry, especially in countries such as China, Japan, and South Korea. The rising demand for marine transportation, offshore exploration activities, and marine tourism are also expected to contribute to the market growth in this region.

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Global Integrated Marine Automation System Market

Report ID: SQMIG20T2017

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