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Intelligent Marine Navigation Systems Market - Growth, Future Prospects & Competitive Analysis, 2018-2026

Intelligent marine navigation systems refer to the use of multiple sensors and intuitive software to identify and alleviate various maritime navigation safety risks. Such advanced technology enables navigation personnel to monitor numerous safety parameters and ensure optimum intelligence during nighttime and adverse weather conditions. Some of the latest intelligent marine navigation systems fuse data from several sources and provide a unified visualization using virtual and augmented reality (A.R. and V.R.). A combination of different types of radars, thermal imaging sensors, LiDAR, and visual cameras, among others, is used to generate a comprehensive view of the exterior environment of marine vessels. With the advent of autonomous ships, the development of advanced marine navigation systems has gained pace in recent years. Growing trade and the increasing use of marine cargo ships across the world have further resulted in higher investment in state-of-the-art marine navigation and awareness systems.

Numerous projects related to the development of autonomous ships for various applications have resulted in increased collaboration between shipbuilding companies and technology providers. In March 2018, Rolls-Royce Plc. Introduced its Intelligent Awareness (I.A.) system, which enables enhanced navigational safety and operational efficiency by making use of multiple sensors and software. Although the system was developed as part of the company’s efforts toward building autonomous ships, Rolls-Royce made the technology available for use in existing maritime vessels. Numerous other technology providers, such as Kongsberg Gruppen ASA, Automated Ships Ltd., Mitsui Engineering & Shipbuilding Co., Ltd. (MES), and BAE Systems, among others, have been engaged in various collaborations towards developing advanced navigation and awareness systems for maritime vessels. Thereby, factors such as continued efforts by providers along with technological advancement in sensor technology are expected to result in the introduction of various intelligent marine navigation systems in the near future.

Europe and the Asia-Pacific regions offer immense growth opportunities for intelligent marine navigation systems on account of their large fleets of existing ships. In Europe, countries including Greece, Germany, Norway, Denmark, and the U.K. own the highest number of ships and are some of the largest ship markets in the region. Numerous initiatives undertaken to boost the development and successful deployment of autonomous ships offer promising prospects for market growth. For instance, in June 2016, Rolls Royce conducted a joint industry project named Advanced Autonomous Waterborne Applications (AAWA) in Finland with a view to gaining insights from participants regarding the development of a fully autonomous ship to operate in coastal waters. Similarly, the European Union’s Maritime Unmanned Navigation through Intelligence in Networks (MUNIN) project is focused on the assessment of the economic, technical, and legal feasibility of operating a fully autonomous ship for an open-sea voyage. In the Asia Pacific region, countries such as Japan, China, Singapore, and South Korea offer tremendous growth opportunities for intelligent marine navigation systems in the following years.

Global Intelligent Marine Navigation Systems Market:

By End-use passenger 

  • Ships
  • Cargo Ships
  • Military and Defense Ships

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Key players identified in the intelligent marine navigation systems market include, but are not limited to:

Rolls-Royce Plc., Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co., Automated Ships Ltd., ASV Global, Vigor Industrial, BAE Systems Plc., FLIR Systems, Inc., Garmin Ltd., Safran Electronics & Defense, and Kongsberg Gruppen ASA, among others

Frequently Asked Questions:

The market for Intelligent Marine Navigation Systems Market is expected to reach US$ XX Mn by 2026.

The Intelligent Marine Navigation Systems Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Rolls-Royce Plc., Mitsui O.S.K. Lines/Mitsui Engineering & Shipbuilding Co., Automated Ships Ltd., ASV Global, Vigor Industrial, BAE Systems Plc., FLIR Systems, Inc., Garmin Ltd., Safran Electronics & Defense, and Kongsberg Gruppen ASA are some of the major players in the global market.

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Godaddy
Published Date:  Mar 2018
Category:  Technology & Media
Report ID:   59008
Report Format:   PDF
Pages:   120
Rating:    4.2 (25)
Delivery Time: 24 Hours to 48 Hours   
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