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Integrated Marine Automation System Market Share

Report ID: GMI10579
Published Date: Aug 2024
Report Format: PDF

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Integrated Marine Automation System Market Share

ABB Ltd. and Kongsberg Gruppen holds a significant share of over 10% in the market. Key companies such as Siemens AG, ABB Ltd., Wärtsilä Corporation, Kongsberg Gruppen ASA, and Honeywell International Inc. are leading the market by offering advanced automation solutions tailored to various marine applications. These industry leaders are focused on integrating cutting-edge technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and real-time data analytics, to enhance system capabilities and performance. They continuously invest in research and development to stay ahead of emerging trends and meet the evolving demands of the maritime industry.

Competitive strategies in the IMAS market also include mergers, acquisitions, and collaborations aimed at expanding market reach and technological expertise. Companies are increasingly forming alliances with maritime operators, technology providers, and research institutions to co-develop innovative solutions and penetrate new regional markets.

Integrated Marine Automation System Market Companies

Major players operating in the integrated marine automation system industry are:

ABB Ltd.
Kongsberg Gruppen
Siemens AG
Wärtsilä Corporation
Schneider Electric
Rockwell Automation, Inc.
Honeywell International Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of integrated marine automation system reached USD 5.03 Billion in 2023 and is set to register a CAGR of over 10% between 2024 and 2032, owing to the expansion of global trade.

In 2023, the hardware segment accounted for the largest market share with over 60%, due to the critical role that physical components play in ensuring robust and efficient system performance in marine automation.

In 2023, Asia Pacific market accounted for over 37% market share and will continue to grow, backed by the region's booming maritime industry, necessitating sophisticated technology to manage high volumes of cargo and enhance operational efficiency.

ABB Ltd., Kongsberg Gruppen, Siemens AG, Wärtsilä Corporation, Schneider Electric, Rockwell Automation, Inc., and Honeywell International Inc.