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Connected Ship Market Set for Strong Growth: Technological

Dublin, Sept. 05, 2023 (GLOBE NEWSWIRE) -- The "Connected Ship Market by Application (Vessel Traffic Management, Fleet Operation, Fleet Health...

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Digitalization Surge Spurs Connected Ship Market: Autonomous Systems and Enhanced Fleet Management Propel Growth to 7.7% CAGR

DUBLIN, Sept. 1, 2023 /PRNewswire/ -- The "Connected Ship Market by Application (Vessel Traffic Management, Fleet Operation, Fleet Health Monitoring, Other Applications), Installation (Onboard, Onshore), Platform

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Calculating The Fair Value Of Jason Marine Group Limited (Catalist:5PF)

Key Insights Using the Dividend Discount Model, Jason Marine Group fair value estimate is S$0.11 With S$0.13 share...

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Marine Engine Monitoring System Market Research Report by Technavio predicts USD 119.18 Mn growth

/PRNewswire/ -- The marine engine monitoring system market is growing at a CAGR of 3.92% and is expected to register an incremental growth of USD 119.18...

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Worldwide Integrated Marine Automation Systems Industry to 2026 - Rising Initiatives for the Development of Autonomous Ships Presents Opportunities

Worldwide Integrated Marine Automation Systems Industry to 2026 - Rising Initiatives for the Development of Autonomous Ships Presents Opportunities
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Global Integrated Marine Automation Systems Market (2020 to 2025) - Initiatives for the Development of Autonomous Ships Presents Opportunities


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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.

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