Marine Engine Monitoring System Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025

Marine Engine Monitoring System Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Marine engine monitoring system provides a streamlined and single way to ships and vessels to monitor several protocols and equipment, check, control and enhance the engine operations of vessels. These systems offer improved operational safety, and mitigate the risk of unexpected repair costs.

Growth in coastal and maritime tourism as well as in international marine freight transport is the major factor driving the marine engine monitoring system market. However, lack of common data standard and stringent environmental regulations affect the market. Owing to the growth in global marine freight transport and increase in naval budgets, the impact of the restraints is expected to remain negligible in the long term. Opportunities anticipated to increase the marine engine monitoring system market includes technological innovations in marine propulsion systems and development of big data analytics.

The marine engine monitoring system market is segmented on the basis of component, engine type, ship type, end user, deployment, and geography. On the basis of ship type, the marine engine monitoring system market has been segmented into naval and commercial ships. On the basis of deployment, the market has been segmented into on-board and remote monitoring. On the basis of end user, the market has been segmented into OEM and aftermarket. Based on the component segment, the marine engine monitoring system market has been divided into hardware and software. Based on engine type segment, the marine engine monitoring system market has been divided into propulsion and auxiliary.

Marine engine monitoring system market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.

Major companies operating in the marine engine monitoring system market are ABB, AST Group, CMR Group, Caterpillar, Cummin, Emerson, Hyundai Heavy Industries, Jason Marine, Kongsberg, MAN Diesel & Turbo and Mitsubishi Heavy Industries, among others.

The key takeaways from the report

• The detailed analysis of global Marine Engine Monitoring System Market with respect to key segments such as component, engine type, ship type, end user, deployment, and geography has been included in the report
• The report comprises the quantitative and qualitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
• Comprehensive analysis of market dynamics including growth and restraining factors, as well as opportunities will be provided in the report
• An exhaustive regional and country wise analysis of global Marine Engine Monitoring System Market has been covered in the report
• Profile of the major key players operating in the global Marine Engine Monitoring System Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies.

Scope of Marine Engine Monitoring System Market

Component Segments

• Hardware

• Displays and Control Modules
• Controller, Routers & Switches
• Sensors
• Temperature Sensor
• Displacement Sensor
• Torque Sensor
• Speed Sensor
• Pressure Sensor
• Bearing Wear Monitoring Sensor
• Vibration Sensor
• Water in Oil Sensor

• Software

Engine Type Segments

• Propulsion Engine
  • Gas Turbine
  • Diesel Engine
  • Steam Turbine
  • Dual-Fuel Engine

• Auxiliary Engine

Ship Type Segments

• Commercial
• Naval Ships
• Underwater Naval Ships

End User Segments

• OEM
• Aftermarket

Deployment Segments

• On-board
• Remote Monitoring

Geography Segments

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia- Pacific
• RoW
• South America
• Middle East
• Africa