MARKET OVERVIEW- GLOBAL INTEGRATED MARINE AUTOMATION SYSTEMS MARKET
Integrated marine automation systems are designed to improve the level of safety, awareness, and controls over every ship’s operational aspect, from a small standalone alarm and monitoring system to a large integrated modular architecture including wider portfolio for different applications. It is an important system for efficient and safe operation of ship machinery and auxiliary systems. It confirms that the machinery plant is functioning as one functional entity and delivers the operators with alarms, status information, controls and analysing tools.
Furthermore, these integrated marine automation systems perform various control and monitoring functions and include systems such as alarm monitoring system, extended alarm system, dead man system, bridge alarm system, engine monitoring, propulsion control monitoring, control engine room and cargo system, diagnostic and maintenance tools and many others. The benefits of integrated marine automation systems are vast. This system eliminates human error, increases the safety of life, reduces crew costs, and allows for more efficient use of space in ship design and efficient use of fuel.
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MARKET DRIVERS
The global integrated marine automation systems market is driven by development of new port cities in emerging economies, increasing use of automated systems to reduce human errors and stringent marine safety regulations. Ports have played an important role in the global transport industry for the decades, but have become ever more important since the second half of the twentieth century with rapid globalization and expansion of world trade. The worldwide population is anticipated to reach 8 billion by 2030, with 96% of growth in the population is projected from emerging economies such as China and India. Population growth, along with ongoing urbanization, is anticipated to result in surged demand for seaborne trade in these countries. This, in turn, is likely to contribute to the development of new port cities in emerging economies, further leading to the growth of shipbuilding industries and marine automation systems market.
MARKET OPPORTUNITIES
Marine industry’s most significant concerns are the prevention of marine pollution and safety of personnel for smooth cargo transportation and marine operation at high seas. Stringent marine safety regulations is creating opportunities for the growth of marine automation systems market. For instance, with respect to navigational safety issues, International Chamber of Shipping participated in the development of a proposal to revise IMO Guidance on Places of Refuge for Ships in Need of Assistance which was submitted to the IMO Sub Committee on Navigation, Communications and Search and Rescue (NCSR) in February 2020.
Furthermore, increasing focus of the governments on maritime industry is also boosting the market growth. The maritime sector is an important part of the UK economy, and 95% of the UK’s trade is seaborne. With respect to rapid development of cyber-enabled, interconnected system, the UK Government has launched its ambitious Maritime 2050 strategy. Maritime 2050 explores how the country can continue as a major maritime nation by meeting the challenges of the long-term future and exploiting the opportunities that arise. This will ultimately improve the need for integrated marine automation systems.
MARKET RESTRAINTS
Automation and digitization in the marine industry, in ships worldwide increases the threats of cyber security as these ships follow satellite directions during their voyages. In the near future, the operators of marine vessels are anticipated to connect their ships to onshore networks. Among operators and ship owners, there are concerns that better connectivity could bring about more cybersecurity risks. More onboard digital equipment connected to the internet creates a broader attack surface for accidental or targeted cyberattacks, which could hamper the market growth.
MARKET GROWTH CHALLENGES
Marine automation systems and solutions are complex in nature as they work in coordination with numerous other systems, such as electronic chart display radar, and gyrocompasses, and information systems (ECDIS). Thus, personnel operating these systems is required to thoroughly be trained to operate and handle them. However, the cost of training is significantly high as costly simulators are essential to recreate real-life situations during the training. In addition, overdependence of the maritime sector on e-navigation and lack of trained workforces to operate and handle integrated marine automation systems have resulted in numerous maritime accidents across the world. Therefore, meeting the minimum training standards is not sufficient as personnel handling integrated maritime automation systems need to be thoroughly trained to prevent such accidents.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of global integrated marine automation systems market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. Increasing demand for various integrated marine automation systems due to stringent regulations, growing seaborne trade, increasing safety concerns is expected to drive the growth of the market at a CAGR of 8.57% from 2022-2028.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET SEGMENTAL OVERVIEW
The global integrated marine automation systems market comprises of different market segment like ship type, type, engine type, end users, application and geography.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET BY SHIP TYPE
By ship type, the integrated marine automation systems includes key segment of
· Defence
· Commercial
Use of integrated marine automation system helps in advancing power generation, propulsion, process control and safety management functionalities due to which these vessels become more efficient in performing their respective operations. In the defence sector, frigates, patrol ships destroyers, cruisers, auxiliary ships, antimine, corvettes, submarines, search and rescue and others are the most common. These ships are commonly used to perform various operations which majorly include patrolling, search and rescue missions, and widely used at the time of sea war. Thus, these vessels are considered to be very important for the security of the country, due to which integrated marine automation systems are widely used in these vessels, in order to perform naval operations more efficiently.
Commercial ships mainly consists of ferry boats, tugboat, cargo ships, container ships, tankers and others. These vessels ships are considered to be the basis of the marine trade on a global level, and advancements in these ships are taking place rapidly, due to which these ships are adopting automated solutions in order to carry various kind of goods in safe and efficient manner.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET BY TYPE
The integrated marine automation systems market is split into various types such as:-
· Partial Automation
· Remotely Operated
· Autonomous
The International Maritime Organization (IMO) defines the type by degrees of autonomy. Ship with automated processes and decision support include on-board seafarers to operate and control shipboard systems and functions. Some operations may be automated and unsupervised at times, but there are always seafarers on board ready to take control. Second degree of autonomy of ships include remotely controlled ship with crew on board. The ship is controlled and operated from a different location. On-board, seafarers are available to take command and operate the ship's systems and functions. Third degree of autonomy of ships include remotely controlled ship without on-board seafarers. In addition, fourth degree of autonomy of ships include fully autonomous ship. The ship's operating system is capable of making decisions and determining actions on its own.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET BY ENGINE TYPE
The integrated marine automation systems market is segmented by engine type as follows:-
· Low/medium speed engines
· High speed engines
Low-speed diesel engines produce approximately 200 RPMs of turning energy in terms of rotational velocity. Because they are typically two-stroke engines, they are directly coupled to the propulsion system. With the help of a drive-interfacing gear train and a trunk piston engine architecture that uses a four-stroke diesel combustion cycle, medium-speed models ramp up the velocity, so expect a speed rating that comfortably touches the 800 RPM mark. Medium-speed diesel engines are typically built with trunk pistons and operate on a four-stroke cycle. These engines have a higher power-to-weight and power-to-size ratio, as well as a lower initial cost for equivalent power.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET BY APPLICATION
The integrated marine automation systems market has major applications like
· Power Management System
· Vessel Management System
· Safety System
· Bridge System
· Autonomous Controls
· Others
The vessel management segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period. Vessel management system uses numerous tools to manage and monitor shipping traffic at the sea. Increasing adoption of integrated platform management systems and alarm and monitoring systems is accredited to the market growth. In addition, surged demand for a web based, mobile compliant, fully digitized, cloud supporting vessel management software providing end-to-end solutions to maritime industry is also boosting the growth of the market.
On the other side, safety system and power management system segments also witnessing the significant growth in the market. The marine industry requires effective information sharing in real-time among communities of similar interest. The worldwide naval network depends on information and communication technology that links all the players and allows the effective flow of information, communications, and intelligence.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET BY END USERS
The integrated marine automation systems market has major end users like
· OEM
· Aftermarket
Shipbuilding companies are the OEMs considered in the market. The shipbuilding industry is in charge of the design and construction of ocean-going vessels all over the world. GDP growth, improved economic growth, global seaborne trade, increased demand for cargo transportation via ships, rise in trade-related agreements, technological advancements in marine vessel engines, and trend of automation in marine transportation are key factors driving growth in the global shipbuilding market. On the other hand, ship repair companies are considered in aftermarket segment. Marine automation services are also provided by ship repair companies. For example, the Stemor Company specializes in ship repair and marine automation services. They provide services such as electric and electronic protection systems for main and auxiliary engines, control systems for main and auxiliary engines, generator synchronization systems, and electro-energetic system repairs.
INTEGRATED MARINE AUTOMATION SYSTEMS MARKET BY GEOGRAPHY
The global integrated marine automation systems market is studied for the following region
· North America
· Europe
· Asia-Pacific
· Rest of the world (RoW)
For integrated marine automation system market, Asia-Pacific is considered to be the most important market, this region is consisting of countries like India, China, Japan, and South Korea. In this region, countries like China, Japan, and South Korea are considered to have the world’s largest shipbuilding industry, due to which there is a huge demand for integrated marine automation systems in the country. Also, this region is considered to be the fastest developing reason in aspects of technology and economy thus the industrialization is growing rapidly in this region and thereby the export-import in this region is also increasing, supporting the growth of maritime industry and creating an opportunity for the integrated marine automation system market to grow further. China is a major contributor, since the maritime industry of the country is advanced and it is a major exporter of many of the commodities across the globe. Also the marine sector of the country is rapidly adopting digitalization.
COVID-19 IMPACT ANALYSIS ON GLOBAL INTEGRATED MARINE AUTOMATION SYSTEMS MARKET
In 2020, international maritime trade and global supply chains were hit by the COVID-19 pandemic. Overall however, marine transport was able to navigate through the pandemic, and was not as dramatic as it was initially feared to be. Carriers were able to reduce the initial shock and manage lower levels of demand. Landside and port operations, however, struggled to adjust, and the globe’s seafarers experienced a precarious situation as they got caught up in an unprecedented global crew-change crisis. In addition, according to UNCTAD, in 2020, global economic output dropped by 3.5% and merchandise trade by 5.4%, while worldwide maritime shipments dropped by 3.8%, to 10.65 billion tons. Though, UNCTAD anticipated global maritime trade to improve by 4.3% in 2021, and growth is anticipated to remain over the period of 2022–2026. Even if the short-term view point is positive, the medium- and longer-term scenarios remain uncertain.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of integrated marine automation systems market is majorly focused on expanding the global growth of integrated marine automation systems with new product innovations, business expansion, mergers & acquisitions, agreements & partnerships. Besides, the market offers a wide range of products for different applications to fulfil the required demand from the end users which is further contributing healthy growth in the market.
The key players studied in market are
· ABB
· Honeywell International Inc.
· Rolls-Royce Plc
· Siemens
· Hyundai Heavy Industries
· General Electric
· Northrop Grumman Corporation
· Tokyo Keiki
· Rockwell Automation, Inc
· Kongsberg Maritime
· Marine Technologies LLC
· Thales Group
· Praxis Automation & Technology B.V
· Mitsui E&S Holdings Co., Ltd.
· Samsung Heavy Industries Co., Ltd.
· Ulstein
· PI Marine, INC.
· RH Marine
· SMEC Automation Pvt. Ltd
· Sedni Marine Systems
· Sea Machines Robotics, Inc
· Valmet
· Buffalo Automation
· Emerson Electric Co
· Wärtsilä
RECENT DEVELOPMENT:
December 2020: Rolls-Royce announced the acquisition of Servowatch Systems, a UK-based international supplier of integrated marine automation solutions for commercial vessels, navies, and large yachts. Representatives of Rolls-Royce's Power Systems business unit and the company’s previous owner, the Indian engineering, procurement and construction projects, manufacturing, defence and services group Larsen & Toubro, signed the contracts on 2 December 2020.
April 2022: Valmet is entering the marine automation market with its web-based Valmet DNA User Interface (Valmet DNA UI). The innovative user interface, which makes use of modern web technologies, provides a new experience in controlling and monitoring a vessel's machinery systems. It is built on the most recent web standards and allows monitoring from mobile or handheld devices. When combined with role-based user access features, it enables both the crew on board and the owner's supervisors on shore to obtain the precise information they require from the controlled and monitored systems.
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