A new Report by Delvens, titled "Integrated Marine Automation System Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global integrated marine automation market size is projected to reach USD 7.9 billion by 2026 at a CAGR of 10.5% from USD 5.2 billion in 2021 during the forecast to 2028.
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Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. The economic development in past few years amongst the region along with the surge in demand for ship for transportation has led to the expansion of market in the region.
Recent Developments
Recently, Servowatch Systems has been acquired by Rolls-Royce from India’s Larsen & Toubro. The new subsidiary’s will be fully integrated into MTU’s product range.
Wartsila signed a pact regarding the conversion of a vessel from CBO’s fleet so as to operate with hybrid propulsion.
Key Players of Integrated Marine Automation System Market
· ABB
· Honeywell International, Inc.
· Rolls-Royce PLC
· Wartsila
· Kongsberg
· Thales Group
· Consilium AB Publ
· Marine technologie
· Praxis Automation Technology B.V.
· Honeywell
· Rolls-Royce Power Systems AG
· Wärtsilä
· Rockwell Automation, Inc and More
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Integrated marine automation is all about the automation of the marine ships which led to the development of an essential operational machines and also the auxiliary systems. This automation ensures the safety of the passengers and also allows the various machines and to act as a single entity.
With the acceptance and adoption of internet of things or IoT along with software advancements and the surge in the investments are some of the factors that have supported long-term expansion for integrated marine automation Market.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
Gain authentic and granular data access for Integrated marine automation market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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In addition to the market data for Integrated marine automation Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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