This rise in sea trade has subsequently led to an increasing demand for ships to transport manufactured goods worldwide. Asia-Pacific has witnessed rapid economic development over the years, increasing maritime trade. Shipbuilding companies from Japan, South Korea, and China, are also among the largest players in each of the four major segments, namely, tankers, bulk carriers, container ships, and offshore vessels. Asia-Pacific is estimated to account for the largest share of the global market in 2020.
The integrated marine automation system market has been studied for North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The commercial segment is expected to dominate the market, owing to the rising seaborne trade and tourism across the globe.Īsia-Pacific is expected to account for the largest share in 2020 The growth of the remotely-operated segment of the integrated marine automation system market can be attributed to the increased investments in developing unmanned and remotely-controlled vessel operations.īased on ship type, commercial segment projected to dominate integrated marine automation system market during the forecast periodīased on ship type, the integrated marine automation system market is segmented into commercial and defense. These ships involve integrating various systems and subsystems, enabling effective decision-making based on sensor fusion technology and Artificial Intelligence (AI) for processing the data, hence reducing or eliminating human intervention.īased on autonomy, remotely-operated segment projected to lead integrated marine automation system market during the forecast periodīased on autonomy, the integrated marine automation system market is segmented into fully autonomous, remotely-operated and partial automation. Integrated marine automation system is one of the variants of automated vessels.
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The implementation of advanced systems acts as an important driver for the integrated marine automation system market. New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency. The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities. The global integrated marine automation system is projected to grow from USD 4,906 million in 2020 to USD 7,889 million by 2025, at a CAGR of 10% from 2020 to 2025. Dublin, Ma(GLOBE NEWSWIRE) - The "Global Integrated Marine Automation Systems Market by Autonomy (Autonomous, Remotely-operated, Partial Automation), Ship Type (Commercial, Defense, Unmanned), End-user (OEM, Aftermarket), Solution (Products, Services), System and Region - Forecast to 2025" report has been added to 's offering.
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