Marine Engine Monitoring System Market by Engine Type (Propulsion Engine, Auxiliary Engine), End Use (OEM, Aftermarket), Component (Hardware, Software), Ship Type (Commercial, Naval), Deployment (On-Board, Remote) & Region - Global Forecast to 2025

  • ID: 4536367
  • Report
  • Region: Global
  • 173 Pages
  • Markets and Markets
1 of 4
The Marine Engine Monitoring System Market is Estimated to Be USD 508.4 Million in 2018 snd is Projected to Reach USD 656.5 Million By 2025, at a CAGR Of 3.72% From 2018 to 2025.

FEATURED COMPANIES

  • ABB
  • Caterpillar
  • Cummins
  • Hyundai Heavy Industries
  • Kistler Group
  • Man Diesel & Turbo
  • MORE

“The marine engine monitoring system market is projected to grow at a CAGR of 3.72% during the forecast period.”

Growth in international seaborne trade, increased demand for marine engine monitoring systems from the new shipbuilding & repair market, and rise in maritime tourism are key factors that are expected to drive the marine engine monitoring system market. However, stringent environmental regulations worldwide coupled with lack of common data standard by marine engine monitoring systems are key restraints impacting the growth of the marine engine monitoring system market. Unpredicted system failure and faulty alarm errors occur due to the lack of common data standards.

“Based on component, the hardware segment is estimated to lead the marine engine monitoring system market in 2018.”

Based on component, the hardware segment is estimated to lead the marine engine monitoring system market in 2018. The hardware segment is further divided into sensors, Displays and Control Modules and Electronic Parametric Controller (ERC), Routers & Switches. The hardware segment is anticipated to lead the marine engine monitoring system market due to the increasing installation of components in intelligent & smart engines. Wartsila, Rolls Royce, and Caterpillar are launching with intelligent & smart engines for marine. The engine will have pre-installed hardware components.

“Based on engine type, the propulsion engine segment is estimated to lead the marine engine monitoring system market in 2018.”

Based on engine type, the propulsion engine segment is estimated to lead the marine engine monitoring system market in 2018. This segment has further divided into diesel engine, gas turbine, dual-fuel engine and nuclear power engine. The increasing demand for diesel engine in commercial ships worldwide is driving the propulsion engine segment.

“Asia Pacific is projected to lead the marine engine monitoring system market during the forecast period.”

The marine engine monitoring system in Asia Pacific is expected to lead the marine engine monitoring system market during the forecast period. The increasing demand for bulk carriers and oil tankers for import and export activities in Asia is driving the demand for more sophisticated marine engines, which is further fueling the growth of the marine engine monitoring system market in the region. In addition, the demand for both commercial and naval vessels in this region is anticipated to drive the growing demand for marine engine monitoring systems.

Break-up of the profile of primary participants for this report:

  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
  • By Designation: C Level – 75% and Director Level – 25%
  • By Region: Asia – 45%, Europe – 30%, North America – 20%, and RoW – 5%

Major players operating in the marine engine monitoring system market 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.

Research Coverage

The research study segments the marine engine monitoring system market based on engine type (propulsion engine, auxiliary engine), end user (OEM, aftermarket), component (hardware, software), ship type (commercial, naval ships), deployment (on-board, remote monitoring), and region. These segments and subsegments are mapped across major regions, namely North America, Europe, Asia, and RoW (Rest of the World). The report provides in-depth market intelligence regarding the key factors influencing the growth of the marine engine monitoring system market (drivers, restraints, opportunities, and industry-specific challenges). It analyses micromarkets with respect to individual growth trends, prospects, and their contribution to the marine engine monitoring system market.

Reasons to buy the report:

From an insight perspective, the marine engine monitoring system market report focuses on various levels of analysis - industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss basic views on competitive landscape, high-growth regions and countries, and their respective regulatory policies, drivers, restraints, and opportunities.

The marine engine monitoring system market report provides insights on the following pointers:

  • Market Penetration: Information regarding the competitive landscape of the marine engine monitoring system market
  • Market Sizing: Market size in 2017 and projection of the market from 2018 to 2025
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the marine engine monitoring system market
  • Market Overview: Market dynamics and subsequent analysis of associated trends, drivers, restraints, and opportunities in the marine engine monitoring system market
  • Market Development: Comprehensive information about lucrative markets in various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the marine engine monitoring system market
  • Regional Analysis: Factors influencing the growth of the marine engine monitoring system market in North America, Europe, Asia Pacific, and the Rest of the World
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ABB
  • Caterpillar
  • Cummins
  • Hyundai Heavy Industries
  • Kistler Group
  • Man Diesel & Turbo
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Scope
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Study Limitations
1.6 Market Stakeholder

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Marine Engine Monitoring System Market
4.2 Marine Engine Monitoring System Market, By Product Type
4.3 Asia Pacific Marine Engine Monitoring System Market, By Country and Ship Type
4.4 Marine Engine Monitoring System Market, By Sensor Type
4.5 Marine Engine Monitoring System Market, By End User
4.6 Marine Engine Monitoring System Market, By Propulsion Engine Subtype
4.7 Marine Engine Monitoring System Market, By Engine Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Penetration of the Smart Engine for Situational Awareness and Safety
5.2.1.2 Increase in Demand for Remote Engine Monitoring System for Marine Engines
5.2.1.3 Growth in Maritime Tourism
5.2.1.4 Growth in International Marine Freight Transport
5.2.2 Restraints
5.2.2.1 Stringent Environmental Regulations Worldwide
5.2.2.2 Lack of A Common Data Standard
5.2.3 Opportunities
5.2.3.1 Increased Naval Budgets Worldwide
5.2.3.2 Development of Big Data Analytics
5.2.4 Challenges
5.2.4.1 Fluctuations in Oil & Gas Prices
5.2.4.2 Shipping Overcapacity
5.2.4.3 Dipping Global Marine Freight Rates

6 Industry Trends
6.1 Introduction
6.2 Intelligent Engine
6.2.1 Features of the Intelligent Engine:
6.2.2 Advantages of the Intelligent Engine:
6.2.2.1 Increase in Engine Reliability:
6.2.2.2 Fuel and Lube Oil Utilization Cost Decreases:
6.2.2.3 Follow Up of Stringent Air Contamination Emission Standards:
6.3 Trends in Marine Engine Monitoring
6.3.1 Artificial Intelligence
6.3.2 Big Data Analytics
6.3.3 Internet of Things (IoT)
6.3.4 Augmented Reality
6.4 Use of New Information Technologies in the Maintenance of Ship Systems
6.4.1 Diagnostic Technology:
6.4.2 Cloud Computing:
6.4.3 Radio-Frequency Identification Technology (RFID):
6.4.4 E-Navigation
6.4.5 Data Fusion Technologies
6.4.6 Open Architecture
6.4.7 Multi-Sensor Data Fusion
6.5 Regulatory Bodies Across Various Regions

7 Marine Engine Monitoring System Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Displays and Control Modules
7.2.2 Controller, Routers & Switches
7.2.3 Sensors
7.2.3.1 Temperature Sensor
7.2.3.2 Displacement Sensor
7.2.3.3 Torque Sensor
7.2.3.4 Speed Sensor
7.2.3.5 Pressure Sensor
7.2.3.6 Bearing Wear Monitoring Sensor
7.2.3.7 Vibration Sensor
7.2.3.8 Water in Oil Sensor
7.3 Software

8 Marine Engine Monitoring System Market, By Engine Type
8.1 Introduction
8.2 Propulsion Engine
8.2.1 Gas Turbine
8.2.2 Diesel Engine
8.2.3 Steam Turbine
8.2.4 Dual-Fuel Engine
8.3 Auxiliary Engine

9 Marine Engine Monitoring System Market, By Ship Type
9.1 Introduction
9.2 Commercial
9.2.1 Merchant Ships
9.2.1.1 Bulk Carrier
9.2.1.2 Container Ships
9.2.1.3 Oil Tankers
9.2.1.4 LNG & LPG Tankers
9.2.1.5 Chemical Tankers
9.2.1.6 Passenger Ships
9.2.2 Recreational Boats
9.3 Naval
9.3.1 Surface Naval Ships
9.3.1.1 Aircraft Carriers
9.3.1.2 Amphibious Warfare
9.3.1.3 Auxiliary Ship
9.3.1.4 Corvette
9.3.1.5 Cruiser
9.3.1.6 Destroyer
9.3.1.7 Patrol Crafts
9.3.2 Underwater Naval Ships
9.3.2.1 Submarines

10 Marine Engine Monitoring System Market, By Deployment
10.1 Introduction
10.2 Remote
10.3 On-Board

11 Marine Engine Monitoring System Market, By End User
11.1 Introduction
11.2 Original Equipment Manufacturer (OEM)
11.3 Aftermarket

12 Regional Analysis
12.1 Introduction
12.2 Asia Pacific
12.2.1 China
12.2.2 South Korea
12.2.3 Japan
12.2.4 Philippines
12.2.5 Vietnam
12.2.6 India
12.3 Europe
12.3.1 Germany
12.3.2 France
12.3.3 Turkey
12.3.4 Italy
12.3.5 Norway
12.3.6 Russia
12.3.7 UK
12.4 North America
12.4.1 US
12.4.2 Canada
12.5 Rest of the World
12.5.1 Latin America
12.5.2 Middle East and Africa

13 Competitive Landscape
13.2 Rank Analysis of Key Players in the Marine Engine Monitoring System Market
13.3.1 Contracts
13.3.3 Agreements, Expansions, Joint Ventures, Acquisitions, and Partnerships

14 Company Profile
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 ABB
14.2 AST Group
14.3 CMR Group
14.4 Caterpillar
14.5 Cummins
14.6 Emerson Electric
14.7 Hyundai Heavy Industries
14.8 Jason Marine Group
14.9 Kistler Group
14.10 Kongsberg Gruppen
14.11 Man Diesel & Turbo
14.12 Mitsubishi Heavy Industries
14.13 Noris Group
14.14 Rolls-Royce
14.15 Wartsila
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Discussion Guide
15.2 Knowledge Store: Subscription Portal
15.3 Introducing RT: Real-Time Market Intelligence
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details

List of Tables (97 Tables)
Table 1 Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 2 Hardware Engine Monitoring System Market Size, By Subtype, 2016–2025 (USD Million)
Table 3 Hardware Marine Engine Monitoring System Market Size, By Region, 2016–2025 (USD Million)
Table 4 Sensors Hardware Engine Monitoring System Market Size, By Subtype, 2016–2025 (USD Million)
Table 5 Software Marine Engine Monitoring System Market Size, By Region, 2016–2025 (USD Million)
Table 6 Marine Engine Monitoring System Market, By Engine Type, 2016-2025 (USD Million)
Table 7 Propulsion Engine: Marine Engine Monitoring System Market, By Region, 2016-2025 (USD Million)
Table 8 Propulsion Engine: Marine Engine Monitoring System Market, By Sub Type, 2016-2025 (USD Million)
Table 9 Auxiliary Marine Engine: Marine Engine Monitoring System Market, By Region, 2016-2025 (USD Million)
Table 10 Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 11 Commercial Ships Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 12 Commercial Ship Type Marine Engine Monitoring System Market Size, By Subtype, 2016-2025 (USD Million)
Table 13 Merchant Ships Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 14 Merchant Ships Marine Engine Monitoring System Market, By Subtype, 2016-2025 (USD Million)
Table 15 Recreational Boats Commercial Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 16 Naval Ships Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 17 Naval Ship Marine Engine Monitoring System Market Size, By Subtype, 2016-2025 (USD Million)
Table 18 Surface Naval Ships Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 19 Surface Naval Ships Marine Engine Monitoring System Market Size, By Subtype, 2016-2025 (USD Million)
Table 20 Underwater Naval Ships Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 21 Marine Engine Monitoring System Market, By Deployment, 2016-2025 (USD Million)
Table 22 Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 23 OEM Segment, By Region, 2016-2025 (USD Million)
Table 24 OEM End User, By Ship Type, 2016-2025 (USD Million)
Table 25 Aftermarket Segment, By Region, 2016-2025 (USD Million)
Table 26 Aftermarket Segment, By Ship Type, 2016-2025 (USD Million)
Table 27 Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 28 Asia Pacific: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 29 Asia Pacific: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 30 Asia Pacific: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 31 Asia Pacific: Marine Engine Monitoring System Market Size, By Country, 2016-2025 (USD Million)
Table 32 China: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 33 China: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 34 China: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 35 South Korea: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 36 South Korea: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 37 South Korea: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 38 Japan: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 39 Japan: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 40 Japan: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 41 Philippines: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 42 Philippines: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 43 Philippines: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 44 Vietnam: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 45 Vietnam: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 46 Vietnam: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 47 India: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 48 India: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 49 India: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 50 Europe: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 51 Europe: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 52 Europe: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 53 Europe: Marine Engine Monitoring System Market Size, By Country, 2016-2025 (USD Million)
Table 54 Germany: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 55 Germany: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 56 Russia: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 57 France: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 58 France: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 59 France: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 60 Turkey: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 61 Turkey: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 62 Turkey: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 63 Italy: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 64 Italy: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 65 Italy: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 66 Norway: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 67 Norway: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 68 Norway: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 69 Russia: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 70 Russia: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 71 Russia: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 72 UK: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 73 UK: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 74 UK: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 75 North America: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 76 North America: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 77 North America: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 78 North America: Marine Engine Monitoring System Market Size, By Country, 2016-2025 (USD Million)
Table 79 US: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 80 US: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 81 US: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 82 Canada: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 83 Canada: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 84 Canada: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 85 Rest of the World: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 86 Rest of the World: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 87 Rest of the World: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 88 Rest of the World: Marine Engine Monitoring System Market Size, By Region, 2016-2025 (USD Million)
Table 89 Latin America: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 90 Latin America: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 91 Latin America: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 92 Middle East and Africa: Marine Engine Monitoring System Market Size, By Component, 2016-2025 (USD Million)
Table 93 Software: Marine Engine Monitoring System Market Size, By End User, 2016-2025 (USD Million)
Table 94 Middle East and Africa: Marine Engine Monitoring System Market Size, By Ship Type, 2016-2025 (USD Million)
Table 95 Contracts (2014-2018)
Table 96 New Product Launches (2014-2018)
Table 97 Agreements, Expansions, Joint Ventures, Acquisitions, and Partnerships (2014-2018)

List of Figures (48 Figures)
Figure 1 Research Process Flow
Figure 2 Marine Engine Monitoring System Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Based on Product Type, the Hardware Segment is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 7 The Strain Gauge Sensor of the Sensor Type is Estimated to Lead the Marine Engine Monitoring System Market in 2018
Figure 8 Propulsion Engine Type is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 9 Diesel Engine of Propulsion Engine Type is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 10 Based on Ship Type, the Commercial Segment is Estimated to Lead the Marine Engine Monitoring System Market in 2018
Figure 11 The Asia Pacific Region is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 12 Growth in International Seaborne Trade is Projected to Drive the Marine Engine Monitoring System Market During the Forecast Period
Figure 13 The Hardware Segment is Projected to Lead the Marine Engine Monitoring System Market During the Forecast Period
Figure 14 Based on Application, the Commercial Ships Segment is Estimated to Account for the Largest Share of the Asia Marine Engine Monitoring System Market in 2018
Figure 15 The Vibration Sensor Subsegment is Projected to Lead the Sensor Type Marine Engine Monitoring System Market From 2018 to 2025
Figure 16 The Aftermarket Segment is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 17 The Diesel Engine Subsegment is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 18 The Propulsion Subsegment is Projected to Lead the Marine Engine Monitoring System Market From 2018 to 2025
Figure 19 Market Dynamics of the Marine Engine Monitoring System
Figure 20 Global Ocean Cruise Passengers (In Million)
Figure 21 Global Sea Freight Transport, 2008-2016 (Million Tons)
Figure 22 Emission Control Area (ECA)
Figure 23 The Software Segment of the Marine Engine Monitoring System Market is Projected to Grow at the Higher CAGR During the Forecast Period
Figure 24 Propulsion Engine Segment Projected to Lead the Marine Engine Monitoring System Market During the Forecast Period
Figure 25 Commercial Segment Projected to Lead the Marine Engine Monitoring System Market During the Forecast Period
Figure 26 On-Board Projected to Lead the Marine Engine Monitoring System Market During the Forecast Period
Figure 27 The Aftermarket Segment of the Marine Engine Monitoring System Market is Projected to Grow at the Higher CAGR From 2018 to 2025
Figure 28 Asia Pacific is Estimated to Account for the Largest Share of the Marine Engine Monitoring System Market in 2018
Figure 29 Asia Pacific Marine Engine Monitoring System Market Snapshot
Figure 30 Europe Marine Engine Monitoring System Market Snapshot
Figure 31 North America Marine Engine Monitoring System Market Snapshot
Figure 32 Companies Adopted Contracts and New Product Launches as Key Growth Strategies From 2014 to 2018
Figure 33 Ranking of Key Players in the Marine Engine Monitoring System Market - 2016
Figure 34 Key Developments Undertaken By Leading Market Players in the Marine Engine Monitoring System Market (2014-2018)
Figure 35 Regional Presence of Leading Companies in the Marine Engine Monitoring System Market
Figure 36 ABB: Company Snapshot
Figure 37 CMR Group: Company Snapshot
Figure 38 Caterpillar: Company Snapshot
Figure 39 Cummins.: Company Snapshot
Figure 40 Emerson Electric : Company Snapshot
Figure 41 Hyundai Heavy Industries: Company Snapshot
Figure 42 Hyundai Heavy Industries: SWOT Analysis
Figure 43 Jason Marine Group: Company Snapshot
Figure 44 Kongsberg Gruppen: Company Snapshot
Figure 45 Man Diesel & Turbo: Company Snapshot
Figure 46 Mitsubishi Heavy Industries: Company Snapshot
Figure 47 Rolls-Royce: Company Snapshot
Figure 48 Wärtsilä: Company Snapshot

Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • ABB
  • Caterpillar
  • Cummins
  • Hyundai Heavy Industries
  • Kistler Group
  • Man Diesel & Turbo
  • MORE

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.

The report segments the marine engine monitoring system market based on component, engine type, ship type, end user, deployment, and region. Based on ship type, the marine engine monitoring system market has been segmented into commercial and naval ships. The commercial segment has been further divided into merchant ships and recreational boats. Based on deployment, the market has been segmented into on-board and remote monitoring. Based on end user, the market has been segmented into OEM and aftermarket. Based on component, the marine engine monitoring system market has been categorized into hardware and software. Based on engine type, the market has been segmented into propulsion and auxiliary. Furthermore, the propulsion segment has been further divided into diesel engine, gas turbine, dual-fuel engine, and nuclear power engine.

The commercial segment is the largest ship type segment of the marine engine monitoring system market. The growth of the commercial segment can be attributed to the increasing use of merchant ships for commercial transportation. The commercial segment has been further categorized into merchant ships and recreational ships. Increase in trading activities and growth in maritime tourism has led to the rising demand for cargo and passenger ships worldwide, which, in turn, is driving the demand for ship deliveries, which has further boosted the demand for marine engine monitoring systems.

The marine engine monitoring system market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The marine engine monitoring system market in Europe is projected to grow at the highest CAGR during the forecast period, owing to increasing investments in the defense sector and restructuring efforts undertaken by ship manufacturing companies in the region.

Asia Pacific is the largest market for marine engine monitoring system. Over the past few years, this region has witnessed rapid economic development as well as the growth of the manufacturing and energy sectors, thereby increasing maritime trade. The rise in seaborne trade has subsequently led to an increase in the demand for ships used to transport manufactured goods worldwide. Thus, the increase in the number of ships has contributed to the growing demand for propulsion systems and propellers in the region. China, South Korea, and Japan are the key markets for marine engine monitoring systems in the Asia Pacific region.

The marine engine monitoring system market is anticipated to witness significant growth in the near future, primarily driven by the growth in international seaborne trade and increased demand for marine propellers from the new shipbuilding & repair market. Increased navy budgets worldwide, rise in the usage of inland waterways, and technological innovations in marine propulsion systems are key opportunities in the market. However, factors such as stringent environmental regulations and uncommon data standards are restraining the growth of the market. Fluctuation in oil prices, shipping overcapacity, and low freight rates are key challenges for market growth.

Leading players in the marine engine monitoring system market 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. Contracts and agreements are key development strategies that together accounted for more than one-third share of the total developments that took place between 2014 and 2018.

Note: Product cover images may vary from those shown
5 of 4
  • ABB
  • AST Group
  • CMR Group
  • Caterpillar
  • Cummins
  • Emerson Electric
  • Hyundai Heavy Industries
  • Jason Marine Group
  • Kistler Group
  • Kongsberg Gruppen
  • Man Diesel & Turbo
  • Mitsubishi Heavy Industries
  • Noris Group
  • Rolls-Royce
  • Wartsila
Note: Product cover images may vary from those shown
6 of 4
Note: Product cover images may vary from those shown
Adroll
adroll