Integrated Marine Automation System Market Overview:
Integrated Marine Automation System Market is likely to witness a timid CAGR of 2.2% during the forecast period. Factors such as growing seaborne trade, mounting compliance with maritime safety protocols, and advancement in maritime tourism are driving the global integrated marine automation system market.

Report Overview:
This new report from Stratview Research analyses the Integrated Marine Automation System Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.


Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

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Integrated Marine Automation System Market Segment Insights:
Commercial Ship: The growth engine
Based on the ship type, the market is segmented as commercial ships and defense. The commercial ships segment is expected to grow at a higher CAGR in the coming five years. Upsurge in seaborne trade coupled with the rising demand for lessening functional costs for ships by arming them with automation systems is anticipated to boost the growth of the market.

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https://www.stratviewresearch.com/toc/783/integrated-marine-automation-system-market.html

Dominance of: Product Segment and OEM
Based on the component type, the market is segmented as product and services. The product segment is estimated to register a higher growth during the forecast period. Installation of various software, hardware, datalinks, and connectivity in marine automation systems is significantly contributing to the high growth of this segment.

Based on the end-user type, the market is segmented as OEM and aftermarket. The OEM segment is expected to depict a higher growth in the coming five years. Escalating seaborne trade across the globe is anticipated to pave the path for new shipbuilding orders, which in turn, will lead to an increase in the demand for OEM integrated marine automation systems for new ships.


A highly/moderately/fragment consolidated Market
Some of the major players in the integrated marine automation system market are ABB Group, API Marine Inc., Consilium AB, Honeywell International Inc., Kongsberg Gruppen ASA, MTU Friedrichshafen, Marine Technologies, LLC, Praxis Automation Technology, Siemens AG, and Thales Group.

Regional Hegemony of North America & the dominance of Vessel Management System
In terms of regions, the integrated marine automation system market is dominated by Europe with the highest-estimated growth rate for the coming five years. Despite the shipbuilding industry sailing through a rough ride currently, the claim for self-governing ships and cruise ships in Europe is anticipated to bolster the integrated marine automation system market in this region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Based on the solution type, the market is segmented as power management system, vessel management system, process control, and safety system. The vessel management system segment is estimated to be the largest segment, during the forecast period, encompassing different subsystems, such as alarm monitoring system, dynamic positioning system, and machinery management, among others.
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