Integrated Marine Automation Systems Market Size Anticipated to reach at a USD 4.440 Billion by 2030,with CAGR 2.1% By 2020-2030. An integrated marine automation system is an automation system distributed control and monitoring system. It has applications in vessel control and safety, operational efficiency, and reduction of training expenses. This system offers the essential information required by ship owners and shipyards. It configures information from 16 to 2,000 channels. It also helps identify and neutralize threats as well as manage risks. It also helps improve the overall performance of the vessel.
Market Synopsis
The global Integrated Marine Automation Systems Market is expected to register significant growth during the study period due to factors such as the increasing international seaborne trade and growing maritime tourism industry. Furthermore, rising awareness of cyber threats is also expected to drive the growth of the global market. Additionally, the adoption of new technologies such as AI and machine learning to support the solutions offered in this market is also expected to drive the growth of the market. For example, marine image annotation software (MIAS) is expected to assist in the annotation of underwater imagery. Integration into accessible MIAS is currently limited to the semi-automated processes of pixel recognition through computer vision modules. The development in this field is expected to create a new trend towards the integration of AI in automation in information management under the vessel management segment.
However, issues related to the risk of unauthorized access or malicious attacks are expected to restrict the growth of the global market.
Market USP
The global Integrated Marine Automation Systems Market is expected to grow due to the development of new port cities in rising economies and technological advancements in the marine industry.
Integrated Marine Automation Systems Market Drivers
Market Restraints
Integrated Marine Automation Systems Market Segmentation
By Solution
By Ship Type
By End-User
By Component
By Region
Integrated Marine Automation Systems Market Key Players
Other Prominent Players
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