Global Marine Engine Monitoring System Market 2019-2023

Global Marine Engine Monitoring System Market 2019-2023

About this market

The global naval market is growth in investment in auxiliaries such as oilers and supply ships to support the naval fleet in long-range operations of a country. The growth of naval capabilities will result in the growth of automation, cybersecurity, sensor integration, and related technologies. Therefore, the growth of the naval market in developed countries and emerging economies during the forecast period is likely to be balanced and sustainable. This will lead to foster demand for marine engines, and in turn, will drive the market for as monitoring systems. Technavio’s analysts have predicted that the marine engine monitoring system market will register a CAGR of over 3% by 2023.

Market Overview

Need to reduce overall operational expenses

The increasing cost of fuel and the lack of skilled staff are significant challenges that adversely impact naval and commercial ship operators. The use of automated solutions in the marine industry reduces the need for workers. Efficient power management systems also reduce the overall energy consumption in vessels. The marine industry deals with foreign currency and records high competition. Therefore, control on operational expenses helps ship operators to widen their profit margins.

Reduced manufacturing of new vessels

The growth of the global marine engine monitoring system is significantly dependent on new shipbuilding requirements. The significant Asian shipbuilding countries, such as China and Singapore, observed a steep decline for new ships between 2016 and 2017. This affected the automation systems market in the marine industry. The adverse impact of this challenge is expected to sustain during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the marine engine monitoring system market during the 2019-2023, view our report.

Competitive Landscape

The marine engine monitoring system market is moderately fragmented with the vendors focusing on the development of automation systems for the marine industry. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global industrial automation control market
      • Table Segments of global industrial automation control market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Type - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Propulsion - Market size and forecast 2018-2023
      • Table Propulsion - Market size and forecast 2018-2023 ($ millions)
      • Table Propulsion - Year-over-year growth 2019-2023 (%)
    • Auxiliary - Market size and forecast 2018-2023
      • Table Auxiliary - Market size and forecast 2018-2023 ($ millions)
      • Table Auxiliary - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Advent of Maritime Autonomous Surface Ships (MASS)
    • Inception of smart marine engine monitoring systems
    • Incorporation of intelligent propulsion systems
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • Caterpillar
      • Table Caterpillar - Vendor overview
      • Table Caterpillar - Business segments
      • Table Caterpillar - Organizational developments
      • Table Caterpillar - Geographic focus
      • Table Caterpillar - Segment focus
      • Table Caterpillar - Key offerings
    • Emerson Electric
      • Table Emerson Electric - Vendor overview
      • Table Emerson Electric - Business segments
      • Table Emerson Electric - Organizational developments
      • Table Emerson Electric - Geographic focus
      • Table Emerson Electric - Segment focus
      • Table Emerson Electric - Key offerings
    • Kongsberg Group
      • Table Kongsberg Group - Vendor overview
      • Table Kongsberg Group - Business segments
      • Table Kongsberg Group - Organizational developments
      • Table Kongsberg Group - Geographic focus
      • Table Kongsberg Group - Segment focus
      • Table Kongsberg Group - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
    • Wärtsilä
      • Table Wärtsilä - Vendor overview
      • Table Wärtsilä - Business segments
      • Table Wärtsilä - Geographic focus
      • Table Wärtsilä - Segment focus
      • Table Wärtsilä - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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