Integrated Marine Automation System Market

[305 Pages Report] The Integrated Marine Automation System Market is projected to reach USD 7.8 billion by 2025, it is expected to grow at a CAGR of 10.0% during the forecast period. The market is witnessing growth due to the growing seaborne trade, increasing software developments, and the demand for situational awareness. However, the vulnerability associated with cyberattacks is considered a major restraint to the market growth.

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COVID-19 impact on the Integrated Marine Automation System Market

According to the International Chamber of Shipping (ICS), maritime vessels constitute around 90% of all international trade. Due to the outbreak of COVID-19, cargo and passenger ships around the world have been turned away from ports by local authorities, hence 300,000 merchant sailors were stranded at sea for months, far beyond their contractual agreements. In April 2020, the ICS and the International Air Transport Association (IATA) issued a joint call demanding governments take urgent measures to facilitate crew change flights. In June 2020, the ICS has estimated that every month roughly 100,000 seafarers reach the end of their employment contract and need to be repatriated. However, most jurisdictions have implemented restrictive rules for seafarers transiting their jurisdiction, either to return home or to join a vessel.

The spread of COVID-19 has also compelled companies to implement a remote working and digital technologies for business continuation and fleet optimization. For example, shipping companies and original equipment manufacturers are using artificial intelligence for predictive maintenance, intelligent scheduling, real-time analytics, and improving performance. Currently, companies like DNV GL issues an e-certificate every four minutes, and 80% of its customers have indicated they would use a digital tool for smart survey bookings. DNV GL completed 17,400 remote surveys since 2018, over half of which have taken place in the past six months, with DNV GL conducting on average 300 remote surveys per week since coronavirus-restricted travel was implemented.

Integrated Marine Automation System Market Dynamics:

Driver: Increasing Software Development

Software plays a vital role in ships. It ensures smooth ship operations, timely health monitoring of ships, and effective vessel traffic management. In September 2020, Windward (UK) released Maritime Artificial Intelligence Analytics (MAIA) 4.0, a software capable of screening, searching, and analyzing dynamic maritime data to connect data and discover potential risks. The software uses dynamic predictive intelligence based on a vessel’s identity, cargo, location, and voyage patterns and then link these to patterns and profiles. The software has been designed to spot voyage irregularities. Thus, the growing software developments with AI technologies are expected to fuel the growth of integrated marine automation system

Restraint: Vulnerability associated with cyber threats

Automation in ships worldwide increases the risks of cyber threats as these ships follow satellite routes during their voyages. In the coming years, the operators of marine vessels are expected to connect their ships to onshore networks. The installation of automation systems is the first step toward the complete automation of vessels as it enables the integration of crucial sub-systems of marine vessels with each other through local networks. The use of Big Data analytics for the development of smart ships is expected to enhance the operational efficiency and safety of the vessels. However, this automation is also expected to render the ships vulnerable to threats from hackers. With instances of online threats and potential attacks increasing across the globe, the Maritime Safety Committee (MSC) of the International Maritime Organization (IMO) has introduced temporary guidelines to prevent cyberattacks on ships’ systems.

Opportunity: Development of new port cities in emerging economies

The global population is expected to reach 8 billion by 2030, with 96% of the population growth expected from emerging economies such as India and China. This population explosion in emerging economies, along with ongoing urbanization, is expected to lead toward increased demand for seaborne trade in these economies. This, in turn, is expected to contribute to the development of new port cities in emerging economies, thereby leading to the growth of the shipbuilding and marine industries in these economies. The Major Port Authorities Bill 2020 provides regulation, operation, and planning of major ports in India and provide greater autonomy to these ports. The government has initiated the National Maritime Development Programme, an initiative to develop the maritime sector with a planned outlay of USD 11.8 billion

Challenge: Lacked of skilled personnel to handle and operate marine automation systems

Marine automation systems are complex in nature as they work in coordination with several other systems, such as radar, Electronic chart display and information systems (ECDIS), and gyrocompasses. Thus, personnel operating these systems must be thoroughly trained to handle and operate them. However, the training costs are considerably high as expensive simulators are required to recreate real-life situations during the training.

According to secondary research, both, overdependence of the maritime industry on e-navigation and lack of trained personnel to handle and operate integrated marine automation systems have resulted in several maritime accidents across the globe. Thus, meeting the minimum training criteria is not enough as personnel handling integrated marine automation systems need to be rigorously trained to avoid such mishaps.

Integrated Marine Automation System Market Ecosystem

Prominent companies providing integrated marine automation systems, private and small enterprises, distributors/suppliers/retailers, and end customers are the key stakeholders in the integrated marine automation system market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries also serve as major influencers in the market.

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The fully autonomous is projected to grow at the highest CAGR during the forecast period

Based on autonomy, the autonomous ships market is segmented into fully autonomous, remotely-operated and partial automation. The growth of the fully autonomous segment of the autonomous ships market can be attributed to the increased investments in developing autonomous ships in European region especially in Scandinavian countries.  

The ship type is projected to grow at the highest CAGR during the forecast period

Based on ship type, the autonomous ships market is segmented into commercial and defense. The commercial segment is expected to grow at the higher CAGR, owing to the rising seaborne trade and tourism across the globe.

The linefit segment accounts for the largest market size during the forecast period.

Based on end use, the autonomous ships market is segmented into linefit and retrofit. The linefit segment is estimated to account for a larger share in 2020 as compared to the retrofit segment. The growth of the line fit segment can be attributed to the increased investments in naval defense by various countries and rise in seaborne trade activities across the globe.

Asia Pacific is expected to account for the largest share in 2020

The integrated marine automation system market has been studied for North America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is estimated to account for the largest share of the global market in 2020. Asia Pacific has witnessed rapid economic development over the years, increasing maritime trade. This rise in sea trade has subsequently led to an increasing demand for ships to transport manufactured goods worldwide. Thus, the rising number of ships has increased the demand for integrated marine automation systems in this region.

Key Market Players

Key Players in the autonomous ships market ABB (Switzerland), Honeywell International, Inc. (US), Rolls-Royce PLC (UK), Wartsila (Finland), and Kongsberg (Norway) are industry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the integrated marine automation system market. These companies have well-equipped strong distribution networks across the North America, Europe,Asia Pacific, Middle East & Africa and Latin America.

Integrated Marine Automation System Market Report Scope:

This study categorizes the Hydrogen Aircraft Market based on the following segments and subsegments:

Integrated Marine Automation System Market, By Autonomy

• Partial Automation
• Remotely-operated
• Autonomous

Integrated Marine Automation System Market, By Solution

• Products
• Services

Integrated Marine Automation System Market, By Ship Type

• Commercial
• Defense
• Unmanned

Integrated Marine Automation System Market, By End User

• OEM
• Aftermarket

Integrated Marine Automation System Market, By System

• Power Management System
• Vessel Management System
• Process Control System
• Safety System

Integrated Marine Automation System Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Recent Developments

• Rolls-Royce has acquired the UK-based integrated marine automation solutions specialist Servowatch Systems from India’s Larsen & Toubro. The new subsidiary’s open automation systems will be fully integrated into MTU’s product range.
• Wartsila signed an agreement to convert a vessel from CBO’s fleet to operate with hybrid propulsion. The ‘CBO Flamengo’ will be the first vessel in Latin America to be fitted with a battery pack for hybrid propulsion, which will improve the vessel’s energy consumption and reduce its carbon footprint.
• Praxis Automation Technology received an order from the dredging company Jan De Nul Group to install a complete new Vessel management system as part of a midlife upgrade package for this vessel.

Frequently Asked Questions (FAQ):

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