DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--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

5 Market Overview

6 Industry Trends

7 IMAS Market, By Ship Type

8 IMAS Market, By Component

9 IMAS Market, By End User

10 IMAS Market, By Solution

11 Regional Analysis

12 Competitive Landscape

13 Company Profiles

ABB API Marine Inc. Consilium AB Honeywell International Inc. Kongsberg Gruppen ASA Marine Technologies, LLC MTU Friedrichshafen Northrop Grumman Praxis Automation Technology Siemens Thales Group Tokyo Keiki Inc. Transas Wartsila Corporation For more information about this report visit https://www.researchandmarkets.com/research/rzbr5g/integrated_marine?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005925/en/

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Related Topics:Industrial Automation ,Shipbuilding and Ship Parts



SOURCE: Research and Markets

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PUB: 09/12/2018 01:52 PM/DISC: 09/12/2018 01:52 PM