Dublin, Sept. 12, 2018 (GLOBE NEWSWIRE) -- The "Integrated Marine Automation System Market by Ship Type, Component, End User, Solution, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The integrated marine automation system market is estimated to be valued at USD 3.64 billion in 2018 and is projected to reach USD 4.00 billion by 2023, at a CAGR of 1.90% during the forecast period.

Increasing seaborne world trade, increasing compliance with maritime safety norms, and growth in maritime tourism are the drivers for the integrated marine automation system market. Digitalization making ships vulnerable to cyber threats, and the shortage of qualified professionals in the maritime industry, are the restraints in the integrated marine automation system market.

The product segment is further segmented into hardware, software, and datalinks & connectivity. The software segment is projected to be the fastest-growing segment amongst all 3. The requirement of various analytical and monitoring software is expected to drive demand in the product segment.

Based on end user, the OEM segment of the integrated marine automation system market is anticipated to grow at the higher CAGR during the forecast period. Large new shipbuilding orders are expected to increase due to the increasing seaborne trade across the world.

Europe is estimated to lead the integrated marine automation system market in 2018. The region has the highest concentration of passenger and cruise shipbuilding companies, and further growth is expected to continue in the coming years. This region is expected to grow at the highest rate during the forecast period. Europe is one of the prime consumers of marine electronic equipment. Countries in this region, such as Germany and Italy are major shipbuilding nations.

Key players profiled in the integrated marine automation system market report include Northrop Grumman (US), ABB (Switzerland), Kongsberg Gruppen (Norway), Wartsila (Finland), Transas (Ireland), and Praxis Automation Technology (Netherlands), among others.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Integrated Marine Automation System Market
4.2 Integrated Marine Automation System Market, By Ship Type
4.3 Europe Integrated Marine Automation System Market, By Country and Ship Type
4.4 Integrated Marine Automation System Market, By Solution
4.5 Integrated Marine Automation System Market, By End User
4.6 Integrated Marine Automation System Market, By Component
4.7 Integrated Marine Automation System Market, By Product Component
4.8 Integrated Marine Automation System Market, By Region
4.9 Integrated Marine Automation System Market, By Vessel Management System Solution

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Global Seaborne Trade
5.2.1.2 Increasing Awareness Among Ship Manufacturers to Comply With the Maritime Safety Norms
5.2.1.3 Growing Maritime Tourism Industry
5.2.2 Restraints
5.2.2.1 Digitalization to Render Ships Vulnerable to Cyber Threats
5.2.3 Opportunities
5.2.3.1 Development of New Port Cities in Emerging Economies
5.2.3.2 Revision and Formulation of Marine Safety Regulations in Several Countries
5.2.4 Challenges
5.2.4.1 Cost-Intensive Customization of Integrated Marine Automation Systems
5.2.4.2 Lack of Skilled Personnel to Handle and Operate Integrated Marine Automation Systems
5.2.4.3 Lack of Common Standards for Data Generated From Different Sub-Systems

6 Industry Trends
6.1 Introduction
6.2 Technology Roadmap
6.3 Technological Advancements in the Marine Industry
6.3.1 Artificial Intelligence
6.3.2 Big Data Analytics
6.3.3 Internet of Things (IoT)
6.3.4 Augmented Reality
6.4 Technology Trends
6.4.1 Digital Marine Automation System
6.4.1.1 Conning System
6.4.1.2 Autopilot
6.4.1.3 Mooring Control and Monitoring System
6.4.1.4 Automated Radar Plotting Aid
6.4.1.5 Electronic Chart Display and Information System
6.4.1.6 Communication System
6.4.1.7 Voyage Data Recorder
6.4.1.8 Decision Support System
6.4.2 Integrated Closed-Circuit Television System (CCTV)
6.4.3 Integrated Ship Automation System
6.4.4 Integrated Onboard Training System
6.4.5 Integrated Firefighting Control System
6.5 Innovations and Patent Registrations, 2011-2016

7 IMAS Market, By Ship Type
7.1 Introduction
7.2 Commercial Ships
7.2.1 Bulk Carrier
7.2.2 Gas Tanker
7.2.3 Tankers
7.2.4 Passenger Cruise
7.2.5 Dry Cargo
7.2.6 Others
7.2.6.1 Specialized Vessels
7.2.6.2 Offshore Vessels
7.3 Defense
7.3.1 Aircraft Carrier
7.3.2 Corvettes
7.3.3 Amphibious Warfare
7.3.4 Destroyers
7.3.5 Frigates
7.3.6 Other Surface Ships
7.3.7 Submarine & Uuvs

8 IMAS Market, By Component
8.1 Introduction
8.2 Product
8.2.1 Hardware
8.2.1.1 Displays
8.2.1.2 Control Unit
8.2.1.3 Data Storage Devices
8.2.1.4 Sensors
8.2.1.5 Alarms
8.2.1.6 Others
8.2.2 Software
8.2.2.1 Analytical Software
8.2.2.2 Monitoring Software
8.2.3 Data Link and Connectivity
8.3 Services

9 IMAS Market, By End User
9.1 Introduction
9.2 OEM
9.3 Aftermarket

10 IMAS Market, By Solution
10.1 Introduction
10.2 Power Management System
10.2.1 Engine Monitoring and Control System
10.2.2 Power Distribution Management
10.2.3 Diesel Generator Monitoring (DGMS)
10.3 Vessel Management System
10.3.1 Machinery Management System
10.3.2 Alarm Monitoring System
10.3.3 Ballast Water Management System
10.3.4 Propulsion Control System
10.3.5 Remote Monitoring System
10.3.6 Dynamic Positioning System
10.3.7 Security Management System
10.3.8 Thrust Control System
10.3.9 Information Management System
10.4 Process Control
10.4.1 HVAC Control
10.4.2 Drilling Driver Control System
10.5 Safety System
10.5.1 Fire Protection System
10.5.2 Emergency Shutdown System

11 Regional Analysis

12 Competitive Landscape
12.1 Introduction
12.2 Regional Mapping of Leading Companies in Integrated Marine Automation System Market
12.3 Competitive Scenario
12.3.1 New Product Launches
12.3.2 Expansions
12.3.3 Contacts
12.3.4 Acquisitions
12.3.5 Partnerships, Agreements, and Collaborations

13 Company Profiles
13.1 Northrop Grumman
13.2 ABB
13.3 Siemens
13.4 Kongsberg Gruppen ASA
13.5 Thales Group
13.6 Transas
13.7 Consilium AB
13.8 Wartsila Corporation
13.9 Tokyo Keiki Inc.
13.10 Marine Technologies, LLC
13.11 Praxis Automation Technology
13.12 Honeywell International Inc.
13.13 API Marine Inc.
13.14 MTU Friedrichshafen

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Related Topics: Industrial Automation , Shipbuilding and Ship Parts