Integrated Marine Automation System Market Size, Share, Growth, Trends, and Global Industry Analysis: By Autonomy (Autonomous, Remotely- Operated, and Partial Automation), By Product Type (Hardware, Software), By System (Power Management System, Process Control System, Vessel Management System, and Safety System), By End User (Aftermarket, and OEM) And Region Forecast 2019-2030

The integrated marine automation system market size was valued at US$ 4,698.2 million in 2023 and is projected to reach a value of US$ 8,924.9 million by 2030, at a CAGR of 9.6% from 2024-2030. Moreover, the U.S. integrated marine automation system market is projected to grow significantly, reaching an estimated value of US$ 4,009.6 million by 2032.

Some of the key driving factors for IMAS market include increasing marine safety regulations, the rising importance of operational efficiency in shipping, and the development of automation technology. Such systems enhance navigation, communication, and vessel management, which are of significant importance in contemporary shipping business activity. However, the high costs of implementing such systems, the resistance of traditional ship operators to the new technology, as well as cyber-security issues, are restricting the market growth. Further, growth in autonomous vessels, and the demand for more eco-friendly solutions that optimize fuel consumption and reduce emissions provides huge opportunity for the market growth. As IMAS will be taking an important position in maritime operations, it is worth noting the prospects of autonomous vessels and the increasing demand for more fuel-efficient, greener operations.

Key Players

The integrated marine automation system market key players are ABB Ltd., API Marine ApS, Aselsan A.S., Buffalo Automation, DNV AS, Emerson Electric Co., FINCANTIERI S.p.A., Fugro, General Electric Company, Honeywell International Inc., Hyundai Electric & Energy System Co., Ltd., Kongsberg Gruppen ASA, L3Harris Technologies, Inc., Logimatic, Marine Technologies, LLC, Marlink Group, Northrop Grumman Corporation, RH Marine Netherlands B.V., Rockwell Automation, Inc., Sea Machines Robotics, Inc., Sedni SA, Siemens AG, SMEC Automation Pvt. Ltd., Thales Group, Tokyo Keiki Inc.

Market leaders in the Integrated Marine Automation System are Kongsberg Gruppen, Siemens AG, and ABB Ltd. Kongsberg is one of the market leaders, as it is involved in advanced automation solutions integrating navigation, communication, and vessel management, which automatically places it at the forefront of endeavors towards digitalization and autonomous shipping. Siemens applies great engineering know-how to finish and holistically optimize the solutions for IMAS, which goes by the trends towards low-emission propulsion. ABB is known for its association with automation and electrification. It has come up with holistic systems that help enhance the performance of vessels and safety while coping with issues of cybersecurity too. These companies represent progress and innovation in an ever-changing maritime landscape.

Key Takeaways

• The Asia-Pacific region is presently the fastest-growing and largest market in the Integrated Marine Automation System (IMAS) market.
• Based on the autonomy, the automation segment holds a 37.8% market share
• Based on the product type, the hardware segment holds a 68.7% market share
• Based on the system, vessel management system segment holds a 32.4% market share
• Based on the end user, the aftermarket segment holds a 58.3% market share

Facts & Figures

• By April 2024, the demand for automated cargo handling systems was expected to reach $1.2 billion, driven by the need for efficiency in port operations.
• In June 2024, a report indicated that 20% of the world's shipping fleet was expected to transition to fully autonomous operations within the next decade.
• As of January 2024, around 40% of maritime professionals reported concerns regarding cybersecurity risks associated with automation, highlighting the need for enhanced security measures.

Key Developments

• In April 2024: The International Maritime Organization (IMO) released new guidelines promoting the adoption of automated systems to meet upcoming emissions reduction targets, spurring further investment in IMAS technologies.
• In September 2024: A consortium of maritime stakeholders announced a partnership to develop an open-source platform for IMAS, aimed at fostering innovation and collaboration within the industry.
• In November 2024: June 2022: Regulatory updates from the International Maritime Organization (IMO) focused on strengthening safety standards, driving demand for advanced automation systems.

Integrated Marine Automation System Market Segmentation

By Autonomy:The autonomous segment is likely to remain the most pursued category in the Integrated Marine Automation System (IMAS) market in light of rapid technological development and rapid interest in totally autonomous vessels promising much more efficiency and safety. The autonomous segment will further gain momentum because maritime stakeholders are looking to minimize errors by human intervention and also cut operational costs. Behind this is the remotely-operated segment, which again takes the significant lead in terms of growth, since it facilitates vessel operators to control from distant locations with safety and flexibility, particularly in hostile environmental conditions. Next is the partial automation segment, where the balance of human oversight and automated processes attracts operators who prefer control over having to use automation. Overall, the trend is now towards more freedom, and the outlook for the next couple of years is promising growth in the autonomous segment.

By Product Type: The IMAS market is segmented into hardware and software products. Hardware leads primarily because all physical components of automation take the form of sensors, control systems, and communication devices. Such a hardware system plays a vital role in attaining automation technologies onboard vessels and delivers performance that is not at all subject to the vagaries of maritime conditions.

 By System: By systems, the market is segmented into Power Management Systems, Process Control Systems, Vessel Management Systems, and Safety Systems. Vessel Management System is the market leader, as it integrates basic functions for the smooth operation of vessels, consisting of navigation and communication. Power Management System follows in second place as energy efficiency and sustainability gain the increased spotlight. The Process Control System allows for automatic process control onboard, and the Safety System ensures compliance with maritime rules. In a nutshell, though each of the segments is registered growth, Vessel Management Systems is currently the market leader.

By End User: Aftermarket and OEM are the two main categories of the Integrated Marine Automation System (IMAS) market. The OEM segment is also leading the market due to increased demand for new vessels for integrated automation solutions. The great role OEMs will have in supplying key hardware and software systems because of the advancement of technologies included in the design by shipbuilders.