Marine Engine Monitoring System Market Expected to $656.5 Million by 2025

Marine Engine Monitoring System Market

             Marine Engine Monitoring System Market

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The marine engine monitoring system market is estimated to be USD 490.2 Million in 2017 and is projected to reach USD 656.5 Million by 2025, at a CAGR of 3.72% during the forecast period. The objective of this study is to analyze, define, describe, and forecast the marine engine monitoring system market based on component, engine type, end user, ship type, deployment, 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. This report tracks and analyzes competitive developments such as contracts, new product launches/developments, and research & development (R&D) activities in the marine engine monitoring system market. The base year considered for this study is 2017 and the forecast period is from 2018 to 2025.

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Objectives of the Study:

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Market Ecosystem

The marine engine monitoring system market has been segmented on the basis of component, engine type, end user, ship type, deployment, and region. 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, are the key manufacturers of marine engine monitoring systems. Contracts, new product launches/developments, agreements, and acquisitions are the major strategies adopted by the key players in the marine engine monitoring system market.

Target Audience for this Report

• Manufacturers of Marine Engine Monitoring Systems
• Component Manufacturers of Marine Engine Monitoring Systems
• Government and Certification Bodies

“This study answers several questions for stakeholders, primarily, which market segments to focus on during the next two to five years to prioritize their efforts and investments.”

Scope of the Report:

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Table of Contents

1 Introduction (Page No. - 16)
    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 (Page No. - 20)
    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 (Page No. - 29)

4 Premium Insights (Page No. - 34)
    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 (Page No. - 38)
    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

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