The volume of marine trade is expected to double from about 9 billion to around 20 billion tonnes per annum in the next 10 years. China is projected to play a crucial role in the commercial marine sector and is expected to emerg ....see more
The dynamic positioning system market is expected to grow from USD 6.36 billion in 2025 to USD 8.65 billion by 2030, at a compound annual growth rate (CAGR) of 6.3% during the forecast period. The Key Players Kongsberg Maritime (Norway), Wärtsilä (Finland), GE Vernova (US), ABB (Switzerland), Sirehna (France), NAVIS (Russia), Rolls-Royce plc (UK), RH Marine Netherlands B.V. (Netherlands), Praxis Automation Technology B.V. (Netherlands), Japan Radio Co. (Japan), Royal IHC (Netherlands), Brunvoll AS (Norway), Twin Disc, Inc. (US), AB Volvo Penta (Sweden), and L3Harris Technologies, Inc. (US).
The Marine Battery Market is expected to grow from USD 882.3 million in 2024 to USD 1,506.0 million by 2030, at a compound annual growth rate (CAGR) of 9.3 % during the forecast period. The key players Siemens Energy (Germany), Leclanché SA (Switzerland), Corvus Energy (Canada), Toshiba Corporation (Japan) and EnerSys (US).
The weather forecasting systems market size is expected to grow from USD 2.2 billion in 2024 to USD 3.1 billion by 2029, at a compound annual growth rate (CAGR) of 7.0% during the forecast period.The key players Vaisala (Finland), DTN (US), Accuweather, Inc. (US), The Weather Company LLC (US), and StormGeo (Norway).
The Actuators market size is expected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a Compound Annual Growth Rate (CAGR) of 7.0 % during the forecast period. The key players are SMC Corporation (Japan), Rockwell Automation (US), Curtiss-wright Corporation (US), ABB Ltd (Switzerland), and Parker Hennifin Corporation (US).
The Land Survey Equipment market is expected to grow from USD 9.0 Billion in 2023 to USD 11.7 Billion by 2028, at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The key players are Hexagon AB (Sweden), Trimble Inc. (US), Topcon (Japan), CHC-Navigation (China), Hi-Target (China), U-Blox Holdings AG (Switzerland), and Hudaco Industries (South Africa). Other key players in the market are Robert Bosch GmBH (Germany), GeoTech (Russia), and Guangdong Kolida Instruments (China).
The Marine Onboard Communication and Control Systems market is expected to grow from USD 8.6 billion in 2023 to USD 12.3 billion by 2028, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.The key players Emerson Electric Co. (US), Wartsila (Finland), Kongsberg (Norway), ABB (Switzerland), and Northrop Grumman Corporation (US).
The Marine Sensors Market is expected to grow from USD 1.4 Billion in 2023 to USD 1.9 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period. The key players are Honeywell International Inc. (US), Eaton Corporation (Ireland), TE Connectivity (Switzerland), Garmin Ltd. (US), and Curtiss Wright (US).
The Weather Forecasting Services market is expected to grow from USD 1.9 billion in 2023 to USD 2.8 billion by 2028, at a compound annual growth rate (CAGR) of 8.2% during the forecast period.The Major players DTN (US), Accuweather (US), Fugro (Netherlands), and Enav S.P.A. (Italy).
The Electric Boats Market is expected to grow from USD 3.3 Billion in 2023 to USD 7.7 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 13.0% during the forecast period. The Key players such as Brunswick Corporation (US), Groupe Beneteau (France), Greenline Yachts (Slovenia), Candela (Sweden), and Silent Yachts (Austria).
The Connected Ship market is expected to grow from USD 11.3 billion in 2023 to USD 17.2 billion by 2028, at a compound annual growth rate (CAGR) of 7.7 % during the forecast period.The Major players ABB (Switzerland), Emerson Electric Co. (US), Wartsila (Finland), Kongsberg Gruppen ASA (Norway), and Thales Group (France).
The Marine Electric Vehicle market is expected to grow from USD 10.1 billion in 2022 to USD 29.1 Billion by 2030, at a compound annual growth rate (CAGR) of 16.4 % during the forecast period.The Major players ABB (Switzerland), Siemens AG (Germany), BAE Systems (UK), General Electric (US), and Kongsberg Gruppen (Norway).
The Marine Actuators and Valves Market is expected to grow from USD 2.8 Billion in 2022 to USD 3.6 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The Major players are Moog Inc. (US), Honeywell International Inc. (US), Rotork plc (UK), Emerson (US), Curtiss-Wright Corporation (US), IMI plc (UK), Flowserve Corporation (US), Rockwell Automation (US) and Kitz Corporation (Japan).
The Electric ship market is expected to grow from USD 3.3 billion in 2022 to USD 14.2 Billion by 2030, at a compound annual growth rate (CAGR) of 20.0 % during the forecast period.The Major players ABB (Switzerland), Leclanché S.A. (Switzerland), Siemens AG (Germany), Wartsila (Finland) and Kongsberg Gruppen (Norway).
The Full-Body Scanners Market is expected to grow from USD 153 million in 2022 to USD 302 million by 2027, at a compound annual growth rate (CAGR) of 14.5% during the forecast period.The Major players Smiths Detection (UK), Leidos Security Detection & Automation (Scotland), LINEV Systems (UK), OD Security (Netherlands), and Tek84 Inc. (US).
The degaussing system market is expected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a compound annual growth rate (CAGR) of 3.6% during the forecast period. The major players in the degaussing system market Wartsila (Finland), Larsen & Turbo Limited (India), Ultra Electronics Holdings plc (UK), L3Harris Technologies, Inc. (US), and American Superconductor Corporation (US).
The integrated bridge systems market is expected to grow from USD 6.1 Billion in 2022 to USD 7.9 Billion by 2027, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The major players Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Wärtsilä Corporation (Finland), Kongsberg (Norway), and Furuno Electric Co. Ltd. (Japan).
The DC-DC Converter Market size is expected to grow from USD 4.9 Billion in 2022 to USD 6.4 Billion by 2027, at a compound annual growth rate (CAGR) of 5.1% during the forecast period. The Key Players are TDK Lambda Corporation (Japan), Texas Instruments Incorporated (US), Delta Electronics (Taipei), Flex Ltd. (Singapore), and Infineon Technologies AG (Germany).
The Port equipment market is expected to grow from USD 18.2 billion in 2022 to USD 20.0 billion by 2027, at a compound annual growth rate (CAGR) of 1.9 % during the forecast period.The Key Players Kalmar (Finland), Liebherr Group (Switzerland), Konecranes Abp (Finland), Sany Heavy Industry Co., Ltd. (China), and Shanghai Zhenhua Heavy Industries (ZPMC) (China).
The autonomous ships market is expected to grow from USD 3.9 billion in 2022 to USD 8.2 billion by 2030, at a compound annual growth rate (CAGR) of 9.6% during the forecast period.The Major players Kongsberg Maritime (Norway), Fugro (Netherlands), Hyundai Heavy Industries (South Korea), BAE Systems (UK), and Rolls-Royce PLC (UK).
The Marine seats market is expected to grow from USD 1.6 billion in 2022 to USD 1.9 billion by 2027, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The Major players West Marine (US), Sun Marine (Netherlands), Recaro (Netherlands), Allsalts (Canada), and Shockwave (Canada).
The Digital Shipyard Market size is expected to grow from $ 1.3 billion in 2022 to $ 5.5 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period. The Key companies operating in the digital shipyard market include Siemens (Germany), Dassault Systemes (France), Accenture (Ireland), SAP (Germany), and BAE Systems (UK).
MarketsandMarkets: The robotics and automation actuators market size is projected to reach USD 35.8 billion by 2027; at a CAGR of 13.9% during the forecast period. ABB (Switzerland), Rockwell Automation (US), Altra Industrial Motion (US). Moog (US), SMC (Japan), Curtis Wright (Exlar) (US), and MISUMI (Japan) are some of the leading players covered in the robotics and automation actuators market report.
The Vessel Traffic Management Market is projected to reach USD 8.7 billion by 2027, at a CAGR of 8.4% during the forecast period. Key players operating in the vessel traffic management market include Kongsberg Gruppen (Norway), Saab SA (Sweden), Leonardo S.p.A. (Italy), Wartsila (Finland), Thales Group (France), among other solution, service and equipment providers. These players offer comprehensive solution to key stakeholders in the market.
The inertial measurement unit market is expected to grow from USD 21.3 billion in 2021 to USD 40.7 billion by 2026, at a CAGR of 13.8% during the forecast period. Key players have adopted various organic and inorganic strategies to strengthen their position in the inertial measurement unit market. The major players include General Electric (US), Honeywell (US), Bosch (Germany), Safran (France), and Northrop Grumman (US). These players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
The sonar system market size is expected to reach USD 6.5 billion by 2026, at a CAGR of 1.8% during the forecast period. Major players in the defense sonar system market include Thales Group (France), ATLAS ELEKTRONIK GmbH (Germany), Raytheon Company (US), Lockheed Martin (US), L-3 Technologies Inc. (US) and Ultra Electronics (UK). Major players in the hydrographic sonar market include Kongsberg Gruppen ASA (Norway), Teledyne Technologies Inc. (US), and Sonardyne (UK). Navigation and fisheries sonars are provided by Furuno Electric Co., Ltd. (Japan), Japan Radio Company (Japan), Navico (Norway), and FLIR Systems (US). The report covers various industry trends and new technological innovations in the sonar system market for the period, 2016-2023.
The Integrated Marine Automation System Market is expected to grow from USD 4.9 billion in 2020 to USD 7.8 billion by 2025, at a CAGR of 10.0% during the forecast period. Some of the players operating in the integrated marine automation system market are ABB (Switzerland), Honeywell International, Inc. (US), Rolls-Royce PLC (UK), Wartsila (Finland), and Kongsberg (Norway) are industry majors and have largely benefitted from their well-recognized brands, a wide range of products, and strong distribution capabilities in the integrated marine automation system market.
The Automotive DC-DC Converters Market is expected to grow from USD 339 million in 2020 to USD 1,432 million by 2025, at a CAGR of 33.4% during the forecast period. Major players operating in the automotive DC-DC converters market include BorgWarner Inc. (US), Denso Corporation (Japan), Valeo (France), Vicor Corporation (US), TDK-Lambda Corporation (Japan), Delta Electronics (Taiwan), Continental AG (Germany), Toyota Industries Corporation (Japan), Hyundai Mobis (South Korea), and Robert Bosch GmbH (Germany), among others. These key players offer various products and services in order to cater the increasing demand of electrification of vehicles in automotive industry.
The Marine Interiors Market size is expected to grow USD 5.8 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 11.6% during the forecasting period. Major companies operating in the marine interiors market are R&M Group (Germany), Almaco (Finland), Trimline (UK), Mivan Marine Ltd And Mjm Marine (UK), Marine Interiors (Italy), Aros Marine (Lithuania), Kaefer (Germany), Norac (Norway), Bolidt (Netherlands), Forbo Flooring Systems (Netherlands), and Tillberg Design Of Sweden (Sweden).
The market aircraft and marine turbochargers is projected to grow from USD 270 million in 2018 to USD 290 million by 2023, at a Compound Annual Growth Rate (CAGR) of 1.41% from 2018 to 2023. The rising demand for fuel-efficient aircraft engines, increasing number of aircraft deliveries, rising demand for light jets from countries such as the US, the UK, China, India, and Japan, and flourishing maritime tourism industry across the globe are leading to the growth of the aircraft and marine turbochargers market. Major vendors in the aircraft and marine turbochargers market include are Hartzell Engine Technologies (US), PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), Mitsubishi Heavy Industries (Japan), Main Turbo Systems (US), ABB (Switzerland), Cummins (US), Kawasaki Heavy Industries (Japan), and MAN Energy Solutions (Germany).
The railway connectors market is expected to grow from USD 802 million in 2018 to USD 1,069 million by 2023, at a Compound Annual Growth Rate (CAGR) of 5.92% during the forecast period. Increased demand for different types of wagons is a major factor driving the growth of the railway connectors market. Wagons are rail vehicles used to carry passengers and freights. These vehicles are not equipped with propulsion systems and hence, are drawn by locomotives. The demand for wagons is continuously growing in countries such as the US, the UK, France, etc., due to increased industrial activities. Major vendors in the railway connectors market include are TE Connectivity (Switzerland), Amphenol Corporation (US), Molex Incorporated (US), ITT (US), Smiths Interconnect (US), Fischer Connectors (Switzerland), Esterline Technologies (US), Schaltbau (Germany), and Sichuan Yonggui Science and Technology (China).
The marine engine monitoring system market is estimated to be USD 508.4 Million in 2018 and is projected to reach USD 656.5 Million by 2025, at a CAGR of 3.72% during period 2018 to 2025. This growth can be attributed to the increase in international seaborne trade, the rise in the demand for deliveries of smart engines, recreational boats, and growth in maritime tourism. Major companies profiled in the marine engine monitoring system market report include ABB (Switzerland), AST Group (UK), CMR Group (France), Caterpillar (US), Cummins (US), Emerson (US), Hyundai Heavy Industries (South Korea), Jason Marine (Singapore), Kongsberg (Norway), MAN Diesel & Turbo (Germany), Mitsubishi Heavy Industries (Japan), NORIS Group (Germany), Rolls Royce (UK), and Wartsila (Finland), among others.
The marine propeller market is estimated to be USD 4.73 Billion in 2017 and is projected to reach USD 5.37 Billion by 2022, at a CAGR of 2.56% from 2017 to 2022. The objective of this study is to analyze, define, describe, and forecast the marine propeller market based on type, application, material, end user, propulsion, number of blades, and region. The report also focuses on providing a competitive landscape of this market by profiling companies based on their financial positions, product portfolios, and growth strategies as well as analyzing their core competencies and market share to anticipate the degree of competition prevailing in the market. Major companies profiled in the marine propeller market report include Rolls-Royce (UK), Wartsila (Finland), Hyundai Heavy Industries (South Korea), MAN SE (Germany), and Caterpillar (US).
The hydrographic survey equipment market is estimated at USD 2.11 Billion in 2017 and is projected to reach USD 2.74 Billion by 2022, at a CAGR of 5.39% from 2017 to 2022. Various factors, such as rising maritime trade, increase in demand for accurate nautical charts, and coastal zone management & development are expected to drive the hydrographic survey equipment market. Major players in the hydrographic survey equipment market are Kongsberg Gruppen ASA (Norway), Teledyne Technologies (US), INNOMAR Technologie GmbH (Germany), Edgetech (US), Sonardyne International (UK), iXblue SaS (France), and SyQwest Inc. (UK), among others.
The vision positioning system market is projected to grow from USD 5.58 Billion in 2017 to USD 9.25 Billion by 2022, at a CAGR of 10.65% during the forecast period. Vision positioning systems provide real-time information about the surroundings in which they are installed. Factors such as growth in usage of indoor and outdoor positioning system as well as increasing industrial automation for efficiency and lower operating expenses are driving the growth of the vision positioning system market.
The non-destructive testing (NDT) market is estimated to be USD 15.06 Billion in 2016 and is projected to reach USD 24.23 Billion by 2022, at a CAGR of 8.24% from 2016 to 2022. The market is evolving with the increased demand for error-free production and service delivery in industries, such as infrastructure, automotive, aerospace & defense, industrial manufacturing, power generation, and oil & gas, among others. Strict safety regulations formulated by governments, the need to preserve aging infrastructure, and development of advanced automated non-destructive testing equipment are additional factors driving the growth of this market.
The diving equipment market is expected to grow from USD 2.72 Billion in 2016 to USD 3.21 Billion by 2021, at a CAGR of 4.05% from 2016 to 2021. This growth can be attributed to the rise in the average income of the people, especially in emerging economies, such as India and Vietnam. The dive tourism, particularly in the European region, is also a key factor fueling the growth of the diving equipment market.
The sonobuoy market is estimated to be valued at USD 226.11 Million in 2015 and is projected to reach USD 316.59 Million by 2020, at a CAGR of 6.96% during the forecast period from 2015 to 2020. This report covers the forecasts of the sonobuoy market and its dynamics over the next five years, while also recognizing the market application gaps, evolving technologies, recent developments in the market, and high potential geographic regions and countries.
The report provides market analysis for the global Automatic Identification System (AIS) market over the next six years (2014-2020), which includes the study of the AIS by platform, class, and application. According to the projections in this report, the market size of the AIS market is estimated at $174.5 Million in 2014 (including S-AIS market) and is expected to register a CAGR of 4.33%, to reach $225.05 Million by 2020. APAC market is expected to contribute largely in terms of procurement and manufacturing, among the analyzed regions. The emerging economies in Asia-Pacific, Latin America, and Africa are expected to be the prospective markets during the forecast period.
This report analyzes the industrial security systems market for a period of six years. On the basis of systems, the industrial security systems market is categorized into video surveillance systems, access control systems, and intrusion detection systems. The industrial security systems market is projected to be around $25 billion in 2014 and is expected to reach $38 Billion by 2020, growing at a CAGR of 8.69%.
Currently, the global infrared and thermal imaging systems market value is estimated at US$3,350 million and is expected to touch $5,219.21 million by 2019 at a CAGR of 9.27%. The sector demands cheaper hand-held products and a drive towards the commercial infrared and thermal imaging sector in the coming years.