0

Marine Engine Monitoring System Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 138
  • SKU: IRTNTR73785
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The marine engine monitoring system market share is expected to increase to USD 119.18 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.92%.

This marine engine monitoring system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers marine engine monitoring system market segmentation by application (propulsion and auxiliary) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The marine engine monitoring system market report also offers information on several market vendors, including ABB Ltd., Applied Satellite Technology Ltd., Bayerische Motoren Werke AG, Caterpillar Inc., CMR Group, Cummins Inc., Emerson Electric Co., Hyundai Heavy Industries Group, Jason Marine Group Ltd., Kongsberg Gruppen ASA, Mitsubishi Heavy Industries Ltd., NORIS Group GmbH, Porsche Automobil Holding SE, Siemens Energy AG, and Wartsila Corp. among others.

What will the Marine Engine Monitoring System Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Marine Engine Monitoring System Market Size for the Forecast Period and Other Important Statistics

 

Marine Engine Monitoring System Market: Key Drivers, Trends, and Challenges

The growing number of naval vessels is notably driving the marine engine monitoring system market growth, although factors such as increased stringent regulations for marine engines may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marine engine monitoring system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Marine Engine Monitoring System Market Driver

One of the key factors driving the global marine engine monitoring system industry growth is the growing number of naval vessels owing to uncertainties in APAC, the Middle East, and Russia. For instance, in February 2018, the US Navy announced its plans to add more than 40 ships to its fleet in the near future. Moreover, in July 2018, Vladimir Putin, the president of Russia, announced the country's plans to add 26 new ships. Among the regional markets, APAC will continue to lead in terms of acquiring new hulls and naval spending. In addition, the global naval power is expected to double by 2030, although most activities involve maintenance and refreshment of platforms and personnel instead of expansion. This will result in the growth of automation, cybersecurity, sensor integration, and related technologies, which, in turn, will drive the growth of the market in focus during the forecast period.

Key Marine Engine Monitoring System Market Trend

Advent of Maritime Autonomous Surface Ships (MASS) is one of the key marine engine monitoring system market trends that is expected to impact the industry positively in the forecast period. Most leading automation system providers and marine industrial vendors are investing heavily in the development of MASS to improve navigation safety and ship operations. The construction cost of an autonomous ship is estimated to be three to four times the price of a traditional vessel. Advantages of autonomous surface ships such as automated health monitoring and control algorithms eliminate the need for human interventions. Autonomous ships can be controlled even from remote locations, which reduces operational expenditure and increases ROI. The advances in technology and innovation in systems and software will further support the market growth in the coming years.

Key Marine Engine Monitoring System Market Challenge

One of the key challenges to the global marine engine monitoring system industry growth is the increasingly stringent regulations for marine engines as these engines mostly use diesel. Such engines emit nitrous oxides, particulate matter, carbon oxides, hydrocarbons, and sulfur oxides that are not compliant with EPA air quality standards, thereby leading to global warming. The International Convention on the Prevention of Pollution from Ships or MARPOL is the most significant international regulation that governs and addresses issues related to marine pollution. Annex VI of the MARPOL convention deals with air pollution caused by marine vessels, which has regulated limits on nitrous oxide emissions. The EIAPP certificate must document the proof of Annex VI NOx emission compliance. Adherence to these regulations can be quite challenging for manufacturers of marine propulsion and auxiliary engines, which may hamper the market growth.

This marine engine monitoring system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global marine engine monitoring system market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the marine engine monitoring system market during the forecast period.

Who are the Major Marine Engine Monitoring System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Applied Satellite Technology Ltd.
  • Bayerische Motoren Werke AG
  • Caterpillar Inc.
  • CMR Group
  • Cummins Inc.
  • Emerson Electric Co.
  • Hyundai Heavy Industries Group
  • Jason Marine Group Ltd.
  • Kongsberg Gruppen ASA
  • Mitsubishi Heavy Industries Ltd.
  • NORIS Group GmbH
  • Porsche Automobil Holding SE
  • Siemens Energy AG
  • Wartsila Corp.

 

This statistical study of the marine engine monitoring system market encompasses successful business strategies deployed by the key vendors. The marine engine monitoring system market is fragmented and the vendors are deploying growth strategies such as the introduction of products with new features and innovative technologies such as autonomous ships, big data analytics, and others to compete in the market.

Product Insights and News

  • Applied Satellite Technology Ltd. - The company offers marine engine monitoring systems such as iVMS, VMS Plus, IRIS, and iRAMS Telemetry.
  • Caterpillar Inc. - The company offers marine engine monitoring systems such as Cat Marine Digital Services, Cat Asset Intelligence, and Cat Remote Fleet Vision.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The marine engine monitoring system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Marine Engine Monitoring System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the marine engine monitoring system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Marine Engine Monitoring System Market?

For more insights on the market share of various regions Request for a FREE sample now!

53% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for marine engine monitoring systems in APAC. Market growth in this region will be faster than the growth of the market in North America, South America, and MEA.

The growth of global trade has increased the demand for new ships, especially container vessels and tankers to transport oil and natural gas and ships to transport mineral ores. This will facilitate the marine engine monitoring system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the marine engine monitoring system market in APAC witnessed certain challenges due to the COVID-19 pandemic. Thus, some governments in the region have also announced support for the development of the marine industry. For instance, in July 2020, the Maritime Safety Administration of the Ministry of Transport in China and China Shipping Group signed a new strategic cooperation agreement that focuses on developing and accelerating the construction of smart ships. Hence, such government initiatives for the development of the marine industry can increase the demand for marine engine monitoring systems during the forecast period.

What are the Revenue-generating Application Segments in the Marine Engine Monitoring System Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The marine engine monitoring system market share growth by the propulsion segment will be significant during the forecast period. Factors such as the ongoing development of intelligent propulsion systems for marine vessels, adoption of dual-fuel engines, the rising popularity of marine hybrid propulsion technology, adoption of big data analytics, and substantial increase in international marine freight transport are expected to drive the segment growth in the forecast years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the marine engine monitoring system market size and actionable market insights on post COVID-19 impact on each segment.

 

Marine Engine Monitoring System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.92%

Market growth 2022-2026

$ 119.18 million

Market structure

Fragmented

YoY growth (%)

3.1

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 53%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Applied Satellite Technology Ltd., Bayerische Motoren Werke AG, Caterpillar Inc., CMR Group, Cummins Inc., Emerson Electric Co., Hyundai Heavy Industries Group, Jason Marine Group Ltd., Kongsberg Gruppen ASA, Mitsubishi Heavy Industries Ltd., NORIS Group GmbH, Porsche Automobil Holding SE, Siemens Energy AG, and Wartsila Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Marine Engine Monitoring System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive marine engine monitoring system market growth during the next five years
  • Precise estimation of the marine engine monitoring system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the marine engine monitoring system industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of marine engine monitoring system market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Propulsion - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Propulsion - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Propulsion - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Propulsion - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Propulsion - Year-over-year growth 2021-2026 (%)
    • 5.4 Auxiliary - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Auxiliary - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Auxiliary - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Auxiliary - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Auxiliary - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 ABB Ltd.
              • Exhibit 89: ABB Ltd. - Overview
              • Exhibit 90: ABB Ltd. - Business segments
              • Exhibit 91: ABB Ltd. - Key offerings
              • Exhibit 92: ABB Ltd. - Segment focus
            • 10.4 Applied Satellite Technology Ltd.
              • Exhibit 93: Applied Satellite Technology Ltd. - Overview
              • Exhibit 94: Applied Satellite Technology Ltd. - Product / Service
              • Exhibit 95: Applied Satellite Technology Ltd. - Key offerings
            • 10.5 Caterpillar Inc.
              • Exhibit 96: Caterpillar Inc. - Overview
              • Exhibit 97: Caterpillar Inc. - Business segments
              • Exhibit 98: Caterpillar Inc. - Key offerings
              • Exhibit 99: Caterpillar Inc. - Segment focus
            • 10.6 Emerson Electric Co.
              • Exhibit 100: Emerson Electric Co. - Overview
              • Exhibit 101: Emerson Electric Co. - Business segments
              • Exhibit 102: Emerson Electric Co. - Key news
              • Exhibit 103: Emerson Electric Co. - Key offerings
              • Exhibit 104: Emerson Electric Co. - Segment focus
            • 10.7 Hyundai Heavy Industries Group
              • Exhibit 105: Hyundai Heavy Industries Group - Overview
              • Exhibit 106: Hyundai Heavy Industries Group - Business segments
              • Exhibit 107: Hyundai Heavy Industries Group - Key offerings
              • Exhibit 108: Hyundai Heavy Industries Group - Segment focus
            • 10.8 Jason Marine Group Ltd.
              • Exhibit 109: Jason Marine Group Ltd. - Overview
              • Exhibit 110: Jason Marine Group Ltd. - Business segments
              • Exhibit 111: Jason Marine Group Ltd. - Key offerings
              • Exhibit 112: Jason Marine Group Ltd. - Segment focus
            • 10.9 Kongsberg Gruppen ASA
              • Exhibit 113: Kongsberg Gruppen ASA - Overview
              • Exhibit 114: Kongsberg Gruppen ASA - Business segments
              • Exhibit 115: Kongsberg Gruppen ASA - Key news
              • Exhibit 116: Kongsberg Gruppen ASA - Key offerings
              • Exhibit 117: Kongsberg Gruppen ASA - Segment focus
            • 10.10 Porsche Automobil Holding SE
              • Exhibit 118: Porsche Automobil Holding SE - Overview
              • Exhibit 119: Porsche Automobil Holding SE - Business segments
              • Exhibit 120: Porsche Automobil Holding SE - Key offerings
              • Exhibit 121: Porsche Automobil Holding SE - Segment focus
            • 10.11 Siemens Energy AG
              • Exhibit 122: Siemens Energy AG - Overview
              • Exhibit 123: Siemens Energy AG - Business segments
              • Exhibit 124: Siemens Energy AG - Key news
              • Exhibit 125: Siemens Energy AG - Key offerings
              • Exhibit 126: Siemens Energy AG - Segment focus
            • 10.12 Wartsila Corp.
              • Exhibit 127: Wartsila Corp. - Overview
              • Exhibit 128: Wartsila Corp. - Business segments
              • Exhibit 129: Wartsila Corp. - Key offerings
              • Exhibit 130: Wartsila Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 131: Inclusions checklist
                • Exhibit 132: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 133: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 134: Research methodology
                • Exhibit 135: Validation techniques employed for market sizing
                • Exhibit 136: Information sources
              • 11.5 List of abbreviations
                • Exhibit 137: List of abbreviations
              • demand for POS terminals: With the rising popularity of card-based payments, POS terminals are being deployed by the business of all sizes from big retail chains and hotels to restaurants and pop-up stores. The demand for POS terminals is driven by increased consumer awareness toward EMV standards as a large number of people are now capable of cashless transactions through EMV cards. Moreover, the commercial introduction of sophisticated technologies like near-field communication (NFC) and magnetic secure technology (MST) and the growing adoption of Internet of Things (IoT) devices are leading the customers to shift from cashless transactions to contactless transactions. Due to the growing trend toward contactless transactions, the market is witnessing a growing deployment of contactless POS terminals. Further, this deployment is driven by the increased preference for mPOS terminals. The demand for these mPOS terminals is driven by the need for portable POS terminals from SMEs, food trucks, pop-up stores, and sales traders.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
                Interested in this report?
                Get your FREE sample now!
                The marine engine monitoring system market market growth will increase by $$ 119.18 million during 2023-2026.
                The marine engine monitoring system market market is expected to grow at a CAGR of 3.92% during 2023-2026.
                Technavio has segmented the marine engine monitoring system market market by application (Propulsion and Auxiliary) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
                ABB Ltd., Applied Satellite Technology Ltd., Bayerische Motoren Werke AG, Caterpillar Inc., CMR Group, Cummins Inc., Emerson Electric Co., Hyundai Heavy Industries Group, Jason Marine Group Ltd., Kongsberg Gruppen ASA, Mitsubishi Heavy Industries Ltd., NORIS Group GmbH, Porsche Automobil Holding SE, Siemens Energy AG, Wartsila Corp. are a few of the key vendors in the marine engine monitoring system market market.
                APAC will register the highest growth rate of 53% among the other regions. Therefore, the marine engine monitoring system market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the marine engine monitoring system market market growth are:
                • Growing number of naval vessels
                • Advent of Maritime Autonomous Surface Ships (MASS)
                The marine engine monitoring system market market vendors should focus on grabbing business opportunities from the propulsion segment as it accounted for the largest market share in the base year.
                Safe and Secure SSL Encrypted
                Technavio

                Single User:

                2500 USD

                Technavio Get the report (PDF) sent to your email within minutes.

                Subscribe & Save

                Get lifetime access to our
                Technavio Insights

                Want to customize this report?

                This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

                We offer $1000 worth of FREE customization at the time of purchase
                Technavio
                Enquire Before Buying
                1. Home
                2. Industrials
                3. Published Report
                17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>