Global Automation Control Market in Marine Vessel 2018-2022

The global automation control market in marine vessels will grow by over USD 1.3 billion during 2018-2022. This industry research report provides a detailed analysis of the market by product (monitoring and control system, dynamic positioning system, bridge control system, and power management system) and geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several marine automation and control companies including ABB, Rockwell Automation, Siemens, SYNNEX (Westcon Group), and Valmet.

Below are some of the key findings from our marine vessel automation control market forecast report

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An outlook of the Global Automation Control Industry in Marine Vessels

The growing importance of big data analysis in the marine industry will be one of the upcoming trends that will drive the growth of the automation and control systems market in marine vessels. Big data analysis is the process of generating patterns by analyzing large volumes of data. Though the technology was previously restricted to the IT industry, it is now being adopted by discrete industries as well. The integration of automation control systems with big data analytics will help shipbuilders in identifying the source of a given problem and predicting future risks, which will, in turn, aid in decision making. Moreover, analyzing data generated from shipping vessels also helps ship operators in identifying market trends, monitoring crew health and equipment conditions, and also aid in shore-based monitoring and surveillance of vessels. Such benefits coupled with the digitization of process flow will boost the adoption of big data analysis in the marine industry, in turn, driving the growth of the automation control market. Our market research analysts have predicted that the marine vessel automation control market will register a CAGR of almost 5% over the forecast period.

Companies covered

With the presence of a few established companies, the market appears to be fairly concentrated and will remain concentrated throughout the next few years. However, since the market is in the growth phase the level of competition will be quite intense. To help clients get a clear picture of the competitive environment, this research report provides a detailed analysis of the market’s competitive landscape and offers information on the products and services offered by several companies. Additionally, by recommending strategies and suggesting key areas to focus on, the report also helps clients make the most from upcoming growth opportunities.

This marine vessel automation control market research report offers a detailed analysis of several companies, including:

• ABB
• Rockwell Automation
• Siemens
• SYNNEX (Westcon Group)
• Valmet

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Growth of the automation control market in marine vessel based on product type

• Monitoring and control system (M&CS)
• Dynamic positioning system (DPS)
• Bridge control system (BCS)
• Power management system (PMS)

The monitoring and control system (M&CS) segment accounted for the maximum share of this market during 2017. According to this research report, the market share of this segment will increase during the next few years and the segment will continue to account for the maximum share of the marine vessel automation control market throughout the forecast period.

Growth of the automation control market in marine vessel across different regions

• Americas
• APAC
• EMEA

In the recent years, the automation control market in marine vessels witnessed maximum growth in APAC. Our analysts have predicted that by offering several growth opportunities to marine vessel automation companies, countries in this region will contribute to the maximum growth of this market till 2022.

Key highlights of the global automation control market in marine vessels for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automation control market in marine vessels during the next five years
• Precise estimation of the global automation control market size in marine vessels and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automation control industry in marine vessels across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of automation control companies for marine vessels

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