Market Overview

Global Automation Control Market in Marine Vessel 2018-2022 | Increasing Environmental Regulations Drive Growth | Technavio

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Technavio
analysts forecast the global automation control market in marine vessel
to grow at a CAGR of around 5% during the forecast period,
according to their latest market research report. However, the growth
momentum of the market is expected to decelerate due to a decline in the
year-over-year growth.

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Technavio has published a new market research report on the global automation control market in mari ...

Technavio has published a new market research report on the global automation control market in marine vessels market from 2018-2022. (Graphic: Business Wire)

The growing importance of big data analysis is one of the major trends
being witnessed in the global
automation control market in marine vessel 2018-2022
. The
process of generating patterns or trends by analyzing significant
volumes of data is big data analytics. This technology is also being
used in discrete industries such as shipbuilding and marine vessels.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global automation control market in marine vessel is
the increasing environmental regulations on maritime industry:

Global automation control market in marine
vessel: Increasing environmental regulations on maritime industry

The IMO has established guidelines, which are aimed at reducing the
carbon emission. Additionally, the growing use of fuels has been a major
cause of concern for marine vessel operators. Stringent regulations
regarding carbon emission and overall fuel consumption have encouraged
shipbuilders to develop eco-friendly vessels and incorporate automation
solutions into them.

According to a senior market research analyst at Technavio, "The new
vessels are installed with automated power monitoring, energy
management, and waste heat recovery systems to curb the effects on
greenhouse gas emission. The reconstruction and modification of the old
vessels are costly when compared with the price of buying new vessels."

Global automation control market in marine
vessel: Segmentation analysis

The global automation control market in marine vessel research report
provides market segmentation by product (M&CS, DPS, BCS, and PMS) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

Of the four major products, the M&CS segment held the largest market
share in 2017, contributing to over 37% of the market. This product
segment will dominate the global market throughout the forecast period.

APAC held the largest share of the market in 2017, accounting for more
than 80% share. It was followed by EMEA and the Americas respectively.
The APAC region will dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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