Marine Engine Monitoring System Market by Component (Hardware, Software), by Hardware (Routers & Switches, Sensors), by Ship Type (Commercial, Naval), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

Marine Engine Monitoring System Market - Global Industry Analysis and Forecast 2020 to 2027

Marine Engine Monitoring System Market: Summary

The Global Marine Engine Monitoring System Market is projected to reach a value of over USD 702 Million by 2027 at a CAGR of around 3.5%.

Marine engine monitoring system is used to enhance the operational safety and to reduce loss of propulsion in the marine environment. Also, it offers a vessels and ships with single and modernized way for monitor various framework and to enhance the engine operations. Whereas the system offers advance safety and mitigate the unexpected repair cost. Moreover, it helps to provide a ship with a single central way to manage and control the equipment and operations.

Marine Engine Monitoring System Market

Marine Engine Monitoring System Market: Drivers & Challenges

Market Driver:

  • Growing Usage of Big Data Analytics

The growing usage of big data analytics is witness to boost the growth of the marine engine monitoring system market in the forecast period. It helps to provide an advance feature to drive innovation and to deliver the tangible operational efficiencies. Whereas, it has the ability to provide the actual and accurate information to enhance the decision making. Also, it will support the ship owners to identify the optimum speed for fuel consumption.

Furthermore, in 2015 the Singapore’s Maritime and Port Authority (MPA) has signed a Memorandum of Understanding (MOU) to establish a two year agreement for the big data with IBM Corporation. Also in 2015, the European Union (EU) has funded more than USD 10 million for the project to enhance the big data in safety.

Market Challenges:

  • Fluctuations in Price of Oil & Gas

The one of the major concern issue for the marine engine monitoring system market is the fluctuation  in the price of oil and gas which may hamper the growth of the market. According to the International Energy Agency, the marine fuel is projected to account for more than 18% of the total fuel oil demand globally. Whereas, the annual demand for the marine fuel is more than 250 MT and consists of both distillate and residual fuels.  

Hence, various ports are looking at the development of Liquefied natural gas (LNG) bunker facilities. Also, the Wärtsilä is working with the shell to enhance the infrastructure for managing gas for marine bunkering.

Hence, the technological development and digitization bring various benefit but as the same time may create a challenging factor in the complex environments.

Marine Engine Monitoring System Market: Key Segments

  • Segmentation based on Component: Hardware and Software.
  • Segmentation based on Hardware: Routers & Switches, Sensors and Displays and Control Modules.
  • Segmentation based on Ship Type: Commercial and Naval.
  • Segmentation based on Deployment Type: Remote and On-Board.
  • Segmentation based on Engine Type: Auxiliary Engine and Propulsion Engine.
  • Segmentation based on End-User: Original Equipment Manufacturer (OEM) and Aftermarket.
  • Segmentation based on region covers: North America, South America, Europe, Asia-Pacific,  and Middle East & Africa with individual country-level analysis.

Marine Engine Monitoring System Market: Report Scope

The report on the marine engine monitoring system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Hardware, Ship Type, Deployment Type, Engine Type, End-Use, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Applied Satellite Technology Ltd (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • ABB
  • Caterpillar
  • Cummins Inc.
  • Emerson Electric Co.
  • Jason Marine Group Limited
  • Kistler Group
  • Kongsberg Maritime
  • Mitsubishi Heavy Industries Ltd
  • NORIS Group GmbH
  • Other Key Companies
    • Wartsila
    • Rolls-Royce Motor

Marine Engine Monitoring System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Marine Engine Monitoring System Market, by Component

  • Hardware
  • Software

Marine Engine Monitoring System Market, by Hardware

  • Routers & Switches
  • Sensors
  • Displays and Control Modules

Marine Engine Monitoring System Market, by Ship Type

  • Commercial
  • Naval

Marine Engine Monitoring System Market, by Deployment Type

  • Remote
  • On-Board

Marine Engine Monitoring System Market, by Engine Type

  • Auxiliary Engine
  • Propulsion Engine

Marine Engine Monitoring System Market, by End-User

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Marine Engine Monitoring System Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Marine Engine Monitoring System Market  Providers
  • Marine Engine Monitoring System Market  Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Marine Engine Monitoring System Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MARINE ENGINE MONITORING SYSTEM MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Usage of Big Data Analytics
      2. Rising International Marine Freight Transport
    3. Restraint
      1. Stringent Environmental Regulations
    4. Opportunities
      1. Rising Technology in Marine Electronics and Communication
      2. Increasing in Maritime Exploration
    5. Challenges
      1. Fluctuations in Price of Oil & Gas
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
    3. Software
  7. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY HARDWARE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Routers & Switches
    3. Sensors
    4. Displays and Control Modules
  8. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY SHIP TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Commercial
    3. Naval
  9. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY DEPLOYMENT TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Remote
    3. On-Board
  10. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY ENGINE TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Auxiliary Engine
    3. Propulsion Engine
  11. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY END-USER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Original Equipment Manufacturer (OEM)
    3. Aftermarket
  12. GLOBAL MARINE ENGINE MONITORING SYSTEM MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  13. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  14. COMPANY PROFILES
    1. Applied Satellite Technology Ltd
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. ABB
    3. Caterpillar
    4. Cummins Inc.
    5. Emerson Electric Co.
    6. Jason Marine Group Limited
    7. Kistler Group
    8. Kongsberg Maritime
    9. Mitsubishi Heavy Industries Ltd
    10. NORIS Group GmbH
    11. Other Key Companies
      1. Wartsila
      2. Rolls-Royce Motor
  15. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : AnD 077

Published : August, 2020


LET’S GET STARTED

Ready To Make a Real Change?