Over the past few decades, the global maritime security has changed drastically. These changes clearly have impacted in the maritime industry and their operation. The diversity of maritime operations both at sea and in coastal regions has widened the opportunity for the different integrated marine automation system manufacturers. Integrated marine automation system is a distributed monitoring and control system.
The global integrated marine automation system market has been segmented on the basis of product type, component, solution and geography. Based on product, the market for integrated marine automation system has been bifurcated into different types which includes commercial and defense. Again the commercial segment has been segmented into different types like cargo and passenger carrier.
On the other hand, the defense segment has been classified into different types which includes aircraft carrier, submarines and UAVs among others. In 2017, the commercial segment hold the major percentage share in the integrated marine automation system market. On the basis of component, the market for integrated marine automation system has been classified into hardware, software and service. In 2017, integrated hardware segment hold the major market share in the integrated marine automation system market and is anticipated to grow at a highest CAGR rate during the forecast period.
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Additionally, on the basis of solution, the global integrated marine automation system market has been classified into engine room alarm and monitoring system, ballast system, tanks sounding system, fuel control system, controlling all valves, electrical energy flow and distribution control and protocol communication. The requirement of various analytical instruments and operation and monitoring software is anticipated to drive growth in the solution segment.