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The global integrated marine automation system is projected to grow from USD 4,906 million in 2020 to USD 7,889 million by 2025, at a CAGR of 10% from 2020 to 2025.
The demand for new ships and the retrofitting of existing ships with advanced technologies is expected to grow with the increase in trade activities.
New defense and commercial vessels are equipped with advanced systems for improved safety and efficiency. The implementation of advanced systems acts as an important driver for the integrated marine automation system market. Integrated marine automation system is one of the variants of automated vessels. These ships involve integrating various systems and subsystems, enabling effective decision-making based on sensor fusion technology and Artificial Intelligence (AI) for processing the data, hence reducing or eliminating human intervention.
Data Bridge Market Research has recently published the Global research Report Titled
Integrated Marine Automation System Market. The study provides an overview of current statistics and future predictions of the Integrated Marine Automation System Market. The study highlights a detailed assessment of the Market and displays market sizing trends by revenue & volume (if applicable), current growth factors, expert opinions, facts, and industry validated market development data.
A variety of financial terms such as shares, cost, revenue, and profit margin have been included in this Integrated Marine Automation System Market document to get a better understanding of different economic aspects of the businesses. This industry analysis report presents an actionable vision to key participants working on it. The report observes numerous in-depth, influential and inducing factors that outline the market and industry. Integrated Marine Automation System Market report states that the global m
Global Autonomous Ship Market : Top Companies, Recent Trend & Regional Analysis sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
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- The Global Autonomous Ships Market has witnessed strong growth owing to the growing sea-borne trade across the globe, coupled with the lack of professional sailors. Moreover, the growing adoption of connected smart ships as they offer various benefits such as vessel traffic management data and fleet health monitoring data is also driving the market growth.
JERSEY CITY, N.J., Feb. 4, 2021 /PRNewswire/ Verified Market Research recently published a report, Autonomous Ships Market by Type (Fully Autonomous, Remote Operations, and Partial Automation), by Application (Commercial and Military), by Geography. According to Verified Market Research, the Global Autonomous Ships Market was valued at USD 6.39 Billion in 2020 and is projected to reach USD 10.02 Billion by 2027, growing at a CAGR of 6.64 % from 2021 to 2027.
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Growing Defense Budgets and Expenditures is Boosting the Demand will lead the Integrated Platform Management System market growth during 2020-2027
Integrated Platform Management System Market market was valued at US$ 3,314.3 million in 2019 and is projected to reach US$ 5,234.3 million by 2027 and is expected to grow at a CAGR of 5.8% during the forecast period.
The integrated platform management system (IPMS) is a complex control system solution developed for various types of naval vessels, including aircraft carriers, submarines, and frigates. The solution consists of electrical, damage control, propulsion, auxiliary, and HVAC systems integrated in a single solution. Integrating the system into aforesaid naval vessels removes standalone third party control equipment lowering cabling, weight, and space while offering better supportability.