NEW YORK, Aug. 29, 2022 /PRNewswire/ — The marine engine monitoring system market is growing at a CAGR of 3.92% and is expected to register an incremental growth of USD 119.18 million between 2021 and 2026. The report analyses the market size, growth, and provides accurate predictions on the growth of the market.
Key Segments
The marine engine monitoring system market is segmented by application (propulsion and auxiliary).
The demand for marine engine monitoring systems for propulsion engines has been significant in the market. The segment is driven by benefits associated with the use of marine engine monitoring systems in propulsion engines such as reduced fuel consumption, improved planning of maintenance, reduced risk of engine damage, and others. In addition, the ongoing development of intelligent propulsion engines for marine vessels will further aid in the growth of the segment over the forecast period.
Regional Growth Analysis
The global marine engine monitoring system market is analyzed across five regions — APAC, Europe, North America, South America, and the Middle East and Africa.
APAC is currently the dominating region, occupying 53% of the global market share. The rise in seaborne trade and the increasing demand for new container vessels and tankers are driving the growth of the regional market. In addition, increasing government support to support the development of the marine industry in emerging markets will further aid in the growth of the marine engine monitoring system market in APAC.
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Market Dynamics
The marine engine monitoring system market is expected to witness substantial growth during the forecast period, primarily due to the growing number of naval vessels owing to uncertainties in APAC, the Middle East, and Russia. Countries across APAC, the Middle East, and Russia are rethinking their defense strategies due to some uncertainties across borders. This is increasing investments in sea-based defense and maritime security. For instance, in July 2018, Vladimir Putin, the president of Russia, announced the country’s plans to add 26 new ships by the end of the year. Many such defense plans are expected to increase the demand for marine engines over the forecast period, thereby driving the growth of the market.
The report also covers information on the upcoming trends and challenges that will influence the market growth. Explore the scope of the full report by Downloading a Sample Report.
Vendor Landscape
The marine engine monitoring system market is fragmented. The market is highly capital-intensive and poses a stiff challenge for the local players. Small players find it difficult to compete with international vendors in terms of quality, features, functionalities, and services. With the introduction of products with new features and innovative technologies such as autonomous ships, big data analytics, and others, the competition is expected to intensify.
Here are some of the products offered by key vendors:
ABB Ltd.: The company offers marine engine monitoring systems such as Cylmate Pressure Transducer PFPL203, Cylmate angle transducer PMVG21, and Cylmate controller PFPA202.
Applied Satellite Technology Ltd.: The company offers marine engine monitoring systems such as iVMS, VMS Plus, IRIS, and iRAMS Telemetry.
Caterpillar Inc.: The company offers marine engine monitoring systems such as Cat Marine Digital Services, Cat Asset Intelligence, and Cat Remote Fleet Vision.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the marine engine monitoring system market report:
Regional Analysis
- Further breakdown of the market segmentation at requested regions.
Market Player Information
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
- Know the strategies adopted by vendors during the recovery phase.
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Marine Engine Monitoring System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.92% |
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Market growth 2022-2026 |
USD 119.18 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.1 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 53% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., Applied Satellite Technology Ltd., Bayerische Motoren Werke AG, Caterpillar Inc., CMR Group, Cummins Inc., Emerson Electric Co., Hyundai Heavy Industries Group, Jason Marine Group Ltd., Kongsberg Gruppen ASA, Mitsubishi Heavy Industries Ltd., NORIS Group GmbH, Porsche Automobil Holding SE, Siemens Energy AG, and Wartsila Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Propulsion – Market size and forecast 2021-2026
- Exhibit 28: Chart on Propulsion – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Propulsion – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Propulsion – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Propulsion – Year-over-year growth 2021-2026 (%)
- 5.4 Auxiliary – Market size and forecast 2021-2026
- Exhibit 32: Chart on Auxiliary – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Auxiliary – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Auxiliary – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Auxiliary – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC – Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 North America – Market size and forecast 2021-2026
- Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 China – Market size and forecast 2021-2026
- Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.9 US – Market size and forecast 2021-2026
- Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.10 Japan – Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan – Year-over-year growth 2021-2026 (%)
- 7.11 Germany – Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.12 UK – Market size and forecast 2021-2026
- Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 ABB Ltd.
- Exhibit 89: ABB Ltd. – Overview
- Exhibit 90: ABB Ltd. – Business segments
- Exhibit 91: ABB Ltd. – Key offerings
- Exhibit 92: ABB Ltd. – Segment focus
- 10.4 Applied Satellite Technology Ltd.
- Exhibit 93: Applied Satellite Technology Ltd. – Overview
- Exhibit 94: Applied Satellite Technology Ltd. – Product / Service
- Exhibit 95: Applied Satellite Technology Ltd. – Key offerings
- 10.5 Caterpillar Inc.
- Exhibit 96: Caterpillar Inc. – Overview
- Exhibit 97: Caterpillar Inc. – Business segments
- Exhibit 98: Caterpillar Inc. – Key offerings
- Exhibit 99: Caterpillar Inc. – Segment focus
- 10.6 Emerson Electric Co.
- Exhibit 100: Emerson Electric Co. – Overview
- Exhibit 101: Emerson Electric Co. – Business segments
- Exhibit 102: Emerson Electric Co. – Key news
- Exhibit 103: Emerson Electric Co. – Key offerings
- Exhibit 104: Emerson Electric Co. – Segment focus
- 10.7 Hyundai Heavy Industries Group
- Exhibit 105: Hyundai Heavy Industries Group – Overview
- Exhibit 106: Hyundai Heavy Industries Group – Business segments
- Exhibit 107: Hyundai Heavy Industries Group – Key offerings
- Exhibit 108: Hyundai Heavy Industries Group – Segment focus
- 10.8 Jason Marine Group Ltd.
- Exhibit 109: Jason Marine Group Ltd. – Overview
- Exhibit 110: Jason Marine Group Ltd. – Business segments
- Exhibit 111: Jason Marine Group Ltd. – Key offerings
- Exhibit 112: Jason Marine Group Ltd. – Segment focus
- 10.9 Kongsberg Gruppen ASA
- Exhibit 113: Kongsberg Gruppen ASA – Overview
- Exhibit 114: Kongsberg Gruppen ASA – Business segments
- Exhibit 115: Kongsberg Gruppen ASA – Key news
- Exhibit 116: Kongsberg Gruppen ASA – Key offerings
- Exhibit 117: Kongsberg Gruppen ASA – Segment focus
- 10.10 Porsche Automobil Holding SE
- Exhibit 118: Porsche Automobil Holding SE – Overview
- Exhibit 119: Porsche Automobil Holding SE – Business segments
- Exhibit 120: Porsche Automobil Holding SE – Key offerings
- Exhibit 121: Porsche Automobil Holding SE – Segment focus
- 10.11 Siemens Energy AG
- Exhibit 122: Siemens Energy AG – Overview
- Exhibit 123: Siemens Energy AG – Business segments
- Exhibit 124: Siemens Energy AG – Key news
- Exhibit 125: Siemens Energy AG – Key offerings
- Exhibit 126: Siemens Energy AG – Segment focus
- 10.12 Wartsila Corp.
- Exhibit 127: Wartsila Corp. – Overview
- Exhibit 128: Wartsila Corp. – Business segments
- Exhibit 129: Wartsila Corp. – Key offerings
- Exhibit 130: Wartsila Corp. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 131: Inclusions checklist
- Exhibit 132: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 133: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 134: Research methodology
- Exhibit 135: Validation techniques employed for market sizing
- Exhibit 136: Information sources
- 11.5 List of abbreviations
- Exhibit 137: List of abbreviations
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