Global Maritime Surveillance and Intervention Market

The marine management software market consists of sales of marine management software by entities (organizations, sole traders, and partnerships) which refers to smart software that is used to efficiently manage a modern fleet, whether it means a few or hundreds of vessels. It is a solution based on an integrated approach that can provide the insight that is needed to gain efficiency, reduce Opex and remain competitive in the maritime market. The precondition of implementing a proper marine management software system is a planned maintenance system (PMS), procurement, and QHSE solution, where all modules are fully connected. The main types of marine management software are tracking and monitoring, navigation and routing, supply chain and logistics, finance and accounting, system testing, and others. Tracking and monitoring include obtaining data to ensure that the intervention is being given effectively, that it is on track to fulfill its goals, and that ethical rules are being followed correctly. Marine management software provides professional services and managed services to the onshore and onboard locations. The end-users of marine management software are commercial and defense that have applications in crew management, port management, harbour management, reservation management, cruise and yacht management. The marine management software market research report is one of a series of new reports from The Business Research Company that provides marine management software market statistics, including marine management software industry global market size, regional shares, competitors with a marine management software market share, detailed marine management software market segments, market trends and opportunities, and any further data you may need to thrive in the marine management software industry. This marine management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global marine management software market size is expected to grow from $1.51 billion in 2021 to $1.7 billion in 2022 at a compound annual growth rate (CAGR) of 12.4%. The marine management market size is expected to grow to $2.81 billion in 2026 at a CAGR of 13.4%. The enhanced shipyard productivity in recent years in the marine management software market is expected to drive the market growth. Enhanced shipyard productivity refers to the rate at which shipyards are increasing their production and gaining efficiency through the capitalization of new technologies such as AR and VR applications, 3D and digital twins and other digital solutions introduces by the incorporation of marine management software solutions into the marine business. As the majority of the 4,900 ports in the world are not yet using digital technology for even the most basic processes; 80% of ports continue to rely on manual, legacy solutions such as whiteboards or spreadsheets to manage critical marine operations, but due to increase in business at ports are now facing challenges and rise. For instance, in August 2019, Inmarsat, Cargotec, Shell, HHLA, and Wärtsilä launched the second cycle of the Trade And Transport Impact Program in search of 10 mature startups to increase the productivity of marine transportation. This innovation platform was set up to produce commercial partnerships between startups and top transport companies so that productivity could be increased through digitalization. Technological advancements in ship manufacturing, and marine transportation are shaping the marine management software market. The major players in the marine management software market are focusing on introducing technological solutions such as Robotics, AI, machine learning, the internet of things, blockchain, drones, and augmented reality to harness and create a safer, more efficient, and more productive environment in the marine industry. For instance, in July 2021, ABB an automation company launched a digital platform, ABB Ability Marine Fleet Intelligence (A Marine Management Software) to optimize vessel performance across fleets. The new platform integrates reporting and the power of Cloud-based analytics to provide user-friendly visualizations. Offered as a software as a service (SaaS), the platform can gather data from several vessel systems. In November 2020, Norwegian Software acquired IB Marine for EUR 1.6 million (~$1.70 million). The acquisition, is destined to increase the internationalization of IB, which has a consolidated presence in ship management software, especially in the cruise and passenger transport sector. IB is an Italian IT company involved in creating marine management software. Major players in the marine management software market are Oracle, ABB, DockMaster, Marina Master, Marinacloud, Lloyd's Register, Harbour Assist, KongsbergMaritime, DNV GL, MatridTechnologies, TeroMarineAS, Nautical Software, Ocean Manager, Chetu, Harba, Scribble Software and TIMEZERO. North America was the largest region in the marine management software market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in marine management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the marine management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global marine management software market is segmented - 1) By Software: Tracking and Monitoring, Navigation and Routing, Supply Chain and Logistics, Finance and Accounting, System Testing, Others 2) By Service: Professional Services, Managed Services 3) By Location: Onshore, Onboard 4) By End-User: Commercial, Defense 5) By Application: Crew Management, Port Management, Harbor Management, Reservation Management, Cruise and Yacht Management

Marine engines refer to a heat engine used to transform heat energy into mechanical energy by burning fuel to propel a ship. It is installed or planned to be installed on a marine vessel. Marine engines are categorized as propulsion marine engine, which propels or guides the movement of a ship through the sea, and auxiliary marine engine refers to a propulsion-less marine engine. The main types of marine engines are diesel engine, gas turbine, natural engine, and other engine types. The gas turbine can convert natural gas or other liquid fuels to mechanical energy. These marine engines are used ships like oil tankers, bulk carriers, general cargo ships, and container ship. The fuel used to power the marine engines categorized as heavy fuel oil, intermediate fuel oil, marine diesel oil, marine gas oil, LNG, and other fuel types. The marine engines are categorized as four stroke, and two stroke with power ranging from up to 1,000 HP, 1,001–5,000 HP, 5,001–10,000 HP, 10,001–20,000 HP, and above 20,000 HP. The marine engines market research report is one of a series of new reports from The Business Research Company that provides marine engines market statistics, including marine engines industry global market size, regional shares, competitors with a marine engines market share, detailed marine engines market segments, market trends and opportunities, and any further data you may need to thrive in the marine engines industry. This marine engines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global marine engines market size grew from $9.48 billion in 2022 to $10.13 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The marine engines market size is expected to grow to $12.17 billion in 2027 at a CAGR of 4.7%. Growth in international marine freight transport is expected to drive the marine engine market. Marine freight transport refers to ships or cargo used to move goods from one location to another. Marine transport is cheaper and more feasible than railroad and air transportation for international transport. According to an article published by World Economic Forum, in 2021, approximately 90% of the world's products were transported by water transport. Further, in the last 20 years, the average size of a container ship has doubled, with the most prominent ships capable of transporting 24,000 containers. Thus, an increase in international marine freight transport will increase the demand for marine engines. Cloud-based technology to monitor marine engines is the key trend gaining popularity in the marine engines market. Cloud monitoring is a technique for examining, evaluating, and regulating the operational workflow of a cloud-based IT infrastructure. Increasing efforts toward expanding engine capacities have further led to the development initiatives for designing reliably advanced systems. For instance, in April 2021, Cummins Inc. introduced PrevenTech® Marine, an advanced remote monitoring solution for marine vessels. PrevenTech® Marine monitors Cummins powered assets remotely, using connectivity, big data, advanced analytics, and IoT and boosts uptime, reduces maintenance costs, and improve the service experience. In January 2022, Langley Holdings, a UK-based engineering and industrial manufacturing group, acquired Bergen Engines AS from Rolls-Royce, for $103 million (€91 million). Through this acquisition, Langley Holdings will accomplish its net-zero goals and long-term environmental objectives through the developing microgrid industry. Bergen Engines is a Norway-based company that manufactures gas and diesel engines for land based, commercial marine and naval. Major players in the marine engines market are Cummins Inc., Caterpillar, Mitsubishi Heavy Industries Ltd., Volvo Penta, Yanmar Holdings Co Ltd., Wärtsilä , Hyundai Heavy Industries Co Ltd., Daihatsu Diesel Mfg Co Ltd., MAN Energy Solutions, Volkswagen Group, WinGD, Siemens Energy, Wabtec, Isotta Fraschini Motori, CNPC Jichai Power Company Limited , Bergen Engines, Rolls-Royce Holdings, and Bergen Engines. Asia-Pacific was the largest region in the marine engines market in 2022. The regions covered in the marine engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine engines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The marine engines market consists of sales of outboard marine engines, inboard marine engines, sterndrive marine engines, and jet drive marine engines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global marine engines market is segmented - 1) By Engine Type: Diesel Engine, Gas Turbine, Natural Engine, Other Engine Types 2) By Ship Type: Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ship 3) By Fuel Type: Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil, LNG, Other Fuel Types 4) By Stroke: Four Stroke, Two Stroke 5) By Power Range: Up to 1,000 HP, 1,001–5,000 HP, 5,001–10,000 HP, 10,001–20,000 HP, Above 20,000 HP

Marine insurance refers to a type of insurance policy in which insurance is provided to cargo owners and cargo for any loss or damage due to ship accidents and delays in the voyage. The marine insurance cover loss or damage of cargo or goods during transportation. The main types of marine insurance are cargo insurance, hull and machinery insurance, marine liability insurance, and offshore/energy insurance. Cargo insurance refers to insurance that is used to protect shipments from physical damage or theft. Cargo insurance generally protects shipments from loss, damage, or theft while in transit. The various policy types include time policy, voyage policy, floating policy, valued policy, and others. The several distribution channels are wholesalers, retail brokers, and others. The different end users include ship owners, traders, and other end users. The marine insurance market research report is one of a series of new reports from The Business Research Company that provides marine insurance market statistics, including marine insurance industry global market size, regional shares, competitors with a marine insurance market share, detailed marine insurance market segments, market trends and opportunities, and any further data you may need to thrive in the marine insurance industry. This marine insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global marine insurance market size grew from $28.32 billion in 2022 to $30.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The marine insurance market size is expected to grow to $37.61 billion in 2027 at a CAGR of 5.6%. The rise in global trade is expected to propel the growth of the marine insurance market going forward. Global trade refers to the import and export of goods and services across international boundaries. The growing use of ships for import and export drives marine insurance sector as all the shipping companies are getting insured to get protected from uncertain damages for ships and goods in it. For instance, in February 2021, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, global trade reached a record level of $ 28.5 trillion in 2021, an increase of 25% from 2020. Therefore, the rise in global trade is driving the growth of the marine insurance market. Technological advancements are the key trends gaining popularity in the marine insurance market. Major companies operating in the marine insurance sector are focused on introducing new technologies for market growth. For instance, in January 2021, B3i, a Zurich-based insurance blockchain firm, partnered with Eurapco, to launch Eurapco Unity. Eurapco Unity is a blockchain-based technology that enables the network of insurance companies to transfer one-time maritime insurance risks among one another. It also makes it possible for businesses to share development expenditures and have a shared infrastructure. Eurapco is a Europe-based alliance of primarily mutual insurance companies. In January 2020, Assicurazioni Generali S.p.A., an Italy-based insurance provider acquired Seguradoras Unidas S.A. for an undisclosed amount. The acquisition will help Generali to strengthen its position in the European market. Seguradoras Unidas S.A. is a Portugal-based insurance company that offers legal protection insurance and marine, air, and transport insurance. Major players in the marine insurance market are American International Group Inc., American Financial Group Inc., Allianz SE, Axa S.A., Arthur J. Gallagher & Co., Aon PLC., Aspen Insurance Holdings Limited, Berkshire Hathaway Specialty Insurance, Swiss Re, Zurich Insurance Group, Tokio Marine Holdings Inc., Chubb Limited, The Hanover Insurance Group Inc., Markel Corporation, HDI Global SE, Intact Financial Corporation, ProSight Global Inc., Sompo International Holdings Ltd., The Hartford Financial Services Group Inc., and The Travelers Indemnity Company. Europe was the largest region in the marine insurance market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the marine insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The marine insurance market includes revenues earned by entities by protection & indemnity (P&I) insurance, freight, demurrage and defense (FD&D) insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global marine insurance market is segmented - 1) By Type: Cargo Insurance, Hull And Machinery Insurance, Marine Liability Insurance, Offshore or Energy Insurance 2) By Policy Type: Time Policy, Voyage Policy, Floating Policy, Valued Policy, Others Policy Types 3) By Distribution Channel: Wholesalers, Retail Brokers, Others Distribution Channels 4) By End User: Ship Owners, Traders, Others End Users

Autonomous marine vehicles are robotic equipment that travels below or on the surface of the water without requiring input from a human operator. The main types of autonomous marine vehicles are surface vehicles and underwater vehicles. A surface vehicle is a car for transportation on land, as opposed to a subway car or any other elevated car. The different applications involved are military & defence, archaeological, exploration, oil & gas, environmental protection and monitoring, search and salvage operations, and oceanography. The technologies involved are imaging, navigation, communication, collision avoidance, and propulsion. The autonomous marine vehicles market research report is one of a series of new reports from The Business Research Company that provides autonomous marine vehicle market statistics, including global market size, regional shares, competitors with an autonomous marine vehicle market share, detailed autonomous marine vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous marine vehicle industry. This autonomous marine vehicles market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global autonomous marine vehicles market grew from $2298.08 billion in 2022 to $2654.08 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The autonomous marine vehicles market is expected to grow from $4789.11 billion in 2027 at a CAGR of 15.9%. The autonomous marine vehicle market is being driven by a rise in hydrographic, oceanographic, and environmental surveys conducted globally. A hydrographic survey measure describes and maps features that can be found underwater. The main purpose of conducting these surveys is to produce navigational charts essential for the safe transit of vessels. An oceanographic survey helps with the accurate understanding of marine and freshwater environments for port and harbour development, wastewater and industrial outfalls, power plant intakes and outfalls, and offshore disposals. An autonomous surface vehicle (ASV) provides an efficient method of undertaking a hydrographic survey, as it saves both cost and time. It is also flexible and convenient, which allows for faster deployment for several survey requirements, from event surveys to large coastal surveys. For instance, according to the world’s first autonomous hydrographic survey, by 4D Ocean, after the channel Coastal Observatory (CCO) commissioned it to carry out a hydrographic survey of the seabed that is offshore of Hurst Spit, Western Solent, with the help of a SeaRobotics ASV 2.5. The vulnerability of ships to cyber threats due to automation is a major restraint for the autonomous marine vehicle market. This is mainly because cyberspace and its associated infrastructure are vulnerable to a versatile range of risks coming from cyber threats and attacks. The use of automation, which negates the need for human intervention on ships and in ports, increases the chances of security breaches. A cyber-attack can misguide an autonomous ship to move in a different direction or move to a separate port, which can lead to misplacement and delay of goods and services. For example, container ship and supply vessel operator A.P. Moller-Maersk became a victim of a cyber-attack that resulted in a loss of around $250–300 million for the company. According to a survey by law firm Clyde & Co and the Institute of Marine Engineering, Science & Technology (IMarEST), over two-thirds of marine industry executives surveyed from across the world fear that unmanned/autonomous ships present a greater cyber-security risk than traditional ships. Maritime drone swarming for better surveillance and investigation capabilities is an emerging trend in the autonomous marine vehicle market. Maritime drone swarms are a large group of underwater vehicles moving together for a particular purpose. The drone swarm has a wide range of capabilities in defence applications since it is capable of performing surveillance and investigation tasks followed by defensive or offensive countermeasures. As the swarm works collectively to navigate through the underwater environment, it senses a wider area in a shorter time by making use of several sensing techniques to build a comprehensive map of the environment. For instance, the European Union (EU) is currently funding a research project called Ocean2020, which will facilitate a combination of drones and unmanned submarines into swarms or fleet units. In another example, the US Navy's Undersea Warfare Center approved a grant of $78,000 for Aquabotix’s SwarmDiver technology to support the US Navy and allied vessels. The International Maritime Organization (IMO) has regulations related to ballast water management in marine vehicles. Ballast water is defined as water that is pumped inside a marine vehicle to maintain safe operating conditions and operations. Regulation D-3 by the IMO requires that ballast water management systems that use active substances be approved following the specifications defined by the IMO. As per the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, active substances are those which include a virus or a fungus, having a general or specific action on or against harmful aquatic organisms or pathogens. Hence, regulations such as these would keep a check on manufacturers of ballast water management systems as well as the companies in the autonomous marine vehicle market. Major players in the autonomous marine vehicles market include Asv Global/ASV Unmanned Marine Systems, Atlas Elektronik, Teledyne Technologies, ECA Group, and Sea Robotics Inc. North America was the largest region in the autonomous marine vehicles market in 2022. Middle East was the second largest region in the global autonomous marine vehicles market report. The regions covered in the global autonomous marine vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous marine vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous marine vehicles market consists of sales of submarine gliders and autonomous underwater vehicles. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous marine vehicles market is segmented - 1) By Type: Surface Vehicle, Underwater Vehicle 2) By Application: Military & Defense, Archeological, Exploration, Oil & Gas, Environmental Protection And Monitoring , Search And Salvage Operations , Oceanography 3) By Technology: Imaging, Navigation, Communication, Collision Avoidance, Propulsion

A submarine is a naval vessel capable of self-propulsion under the water and the water’s surface. Submarines can be used for civilian as well as defense purposes. The main types of submarines are nuclear-powered submarines, diesel-electric submarines, and ballistic missile submarines. A ballistic missile submarine is used to deploy submarine-launched ballistic missiles (SLBMs) with nuclear warheads. The various platforms include commercials that are used for surveillance, combat, marine environmental monitoring, and others. The submarine market research report is one of a series of new reports from The Business Research Company that provides submarine market statistics, including submarine industry global market size, regional shares, competitors with a submarine market share, detailed submarine market segments, market trends, and opportunities, and any further data you may need to thrive in the submarine industry. This submarine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global submarines market size will grow from $17.86 billion in 2022 to $18.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global submarines market size is expected to grow to $22.45 billion in 2027 at a CAGR of 4.4%. The rising investment in submarines is expected to propel the growth of the submarine market in the forecast period. A submarine is a type of vessel that can move both above and below sea level. Governments across the world are investing in submarines to improve local shipyard capacities and fill holes in the Navy's underwater war force. For instance, in September 2021, the United Kingdom government announced a £170 million investment in the next generation of Royal Navy submarines. BAE Systems and Rolls-Royce were each awarded contracts worth £85 million to deliver design and concept work for a future class of Royal Navy submarine. Therefore, the rising investment in submarines drives the growth of the submarine market. The high cost of submarines is expected to hamper the growth of the submarine market over the forecast period. A submarine is a type of vessel that can move both above and below sea level. The cost of the submarines depends on the size, design, and capabilities of the vessel. For instance, In August 2022, the Congressional Research Service, a US-based public policy research institute reported that the procurement cost of the 37th and 38th Virginia-class boats is estimated to be $7,250.6 million. Therefore, the high cost of submarines restrains the growth of the submarine market. The integration of 3D printing or additive manufacturing in submarines is a key trend gaining popularity in the submarine market. Major companies operating in the submarine sector are using 3D printing to build optimized submersible components and to improve performance by reducing essential properties such as weight. For instance, in February 2020, ThyssenKrupp Marine Systems, a Germany-based company that provides naval vessels, surface ships, and submarines, announced plans to expand the use of 3D printing for the production of submarine components. Thyssenkrupp Marine Systems has announced that the hydraulic block has been revamped by additive manufacturing for a submarine that has traditionally weighed 14 kg but now weighs only 2.1 kg. In March 2020, Huntington Ingalls Industries, an American-based military shipbuilding company, acquired Hydroid Inc. for an undisclosed amount. The acquisition is expected to enhance Huntington Ingalls Industries' capabilities in technical solutions for unmanned underwater vehicle (UUV) business, autonomous underwater vehicles (AUV), or marine robots. Hydroid, Inc., is an American-based company that manufactures underwater vehicles (UUVs). Major players in the submarines market are General Dynamics, Huntington Ingalls Industries, Mazagon Dock Shipbuilders Limited, ThyssenKrupp Marine Systems (TKMS), Kawasaki Heavy Industries Ltd., Daewoo Shipbuilding & Marine Engineering Co. Ltd., FINCANTIERI S.p.A, Lockheed Martin Corporation, BAE Systems, Saab AB, China Shipbuilding Industry Corporation (CSIC), Navantia SA and United Shipbuilding Corporation. North America was the largest region in the submarines market in 2022. North America is expected to be the fastest-growing region in the global submarines market during the forecast period. The regions covered in the global submarines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the submarines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The submarine market consists of sales of submarines for both civilian as well as defense purposes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global submarines market is segmented - 1) By Type: Nuclear Powered Submarine, Diesel Electric Submarine, Ballistic Missile Submarine 2) By Platform: Commercial, Military 3) By Application: Surveillance, Combat, Marine Environmental Monitoring, Others

The maritime safety system refers to planned solution and services implemented by shipping companies to ensure ship and marine environment safety. MSS aims to alert the system about the position and safety-related concerns about the ships in the vicinity, search and rescue coordination, and protection from terrorism, piracy, robbery, illegal trafficking activities, and others. The main types of systems include ship security reporting system, automatic identification system (AIS), global maritime distress safety system (GMDSS), long range tracking and identification (LRIT) system, vessel monitoring and management system, other systems (automated manifest system (AMS), and automated mutual assistance vessel rescue system (AMVER). Security reporting system refers to electric systems used to prevent or abate potential risks in ships by taking less hazardous processes programs to reduce injuries and property loss. The maritime safety system are used for loss prevention and detection, security management, counter piracy, coastal monitoring, safety of ship, pollution prevention and response (PPR) management. They used by government institutions, oil & gas, marine & construction, shipping & transportation, cargos & containers, other end-users. The maritime safety system market research report is one of a series of new reports from The Business Research Company that provides maritime safety system market statistics, including maritime safety system industry global market size, regional shares, competitors with a maritime safety system market share, detailed maritime safety system market segments, market trends and opportunities, and any further data you may need to thrive in the maritime safety system industry. This maritime safety system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global maritime safety system market size grew from $18.45 billion in 2022 to $19.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The maritime safety system market size is expected to grow to $26.04 billion in 2027 at a CAGR of 7.0%. The growing maritime trade and transportation are expected to propel the maritime safety system market. The increased well-being of consumers leads to increased production. The lower emissions on long voyages, maritime trade, and transportation assist producers in remaining competitive. The volume of products moved on a single trip is greater, making sea transport more cost-effective and environmentally friendly than other methods of shipping goods over long distances. For instance, in May 2021, according to the Ministry of External Affairs, an India-based government agency responsible for implementing foreign policy, approximately 95% of India's trade by volume and 70% by value are transported by maritime. Additionally, the Ministry of Shipping announced the allocation of Rs. 1,702.35 crores (USD 233.48 million) in the Union Budget 2020–21 to promote merchant ship flagging in the nation, and subsidy money worth Rs. 1,624 crores (USD 222.74 million) to Indian shipping businesses. Furthermore, the government proposed the doubling of the ship recycling capacity of ~4.5 million light displacement tonnes (LDT) by 2024. Therefore, the rising maritime trade and transportation will drive the maritime safety system. Technology developments such as AI, IoT are a key trend gaining popularity in the maritime safety system market. For a long time, the key technology of marine safety and systems has remained unchanged. However, the rising number of accidents, terrorism, and other components is now subject to many changes created within maritime safety and security by involving AI, IoT, Big Data, digital route management, innovative defense technology, integrated control systems, and others. For instance, In December 2020, Iridium Communications, satellite communications company, has introduced its GMDSS service that is embedded with a strong network of 66 cross-linked Low Earth Orbit (LEO) satellites which provide low latency, high-quality, and real-time voice and data connections across the entire system, including seas and polar regions. In April 2021, Leonardo, an Italian aerospace, defense, and security company, acquired a 30% stake in GEM Electronica for an undisclosed amount. Through this acquisition, Leonardo will strengthen its market position in the naval sector, particularly in the sector of short and mid sensors for navigation, maritime, coastal, and airport surveillance. It will broaden and diversify Leonardo's product offering and improve engineering, manufacturing, and marketing. GEM Electronica is an Italian company producing small and medium-sized 3D radars, electro-optical sensors, and inertial systems for the maritime, air, and land sectors. Major players in the maritime safety system market are Raytheon Anschutz, Honeywell , Elbit Systems, Saab Group , OSI Maritime Systems, BAE Systems, Thales Group, Kongsberg Gruppen, Smiths Group PLC, Signalis SA., HALO Maritime Defense Systems, SRT Marine Systems PLC., Westminster Group, Captain's Eye, and Consilium. Asia-Pacific was the largest region in the maritime safety system market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maritime safety sytem market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the maritime safety system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The maritime safety system market consists of revenues earned by entities by providing maritime safety solutions such as navigation, tracking, sending, and receiving real-time data, assistance to vessels, and managing ship traffic. The market value includes the value of related goods sold by the service provider or included within the service offering. The maritime safety system market also includes sales of automatic identification systems, GMDSS systems, long-range tracking and identification (LRIT) system, automated manifest system (AMS), automated mutual assistance vessel rescue systems (AMVER), and vessel management systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global maritime safety system market is segmented - 1) By System: Ship Security Reporting System, Automatic Identification System (AIS), Global Maritime Distress Safety System (GMDSS), Long Range Tracking and Identification (LRIT) System, Vessel Monitoring and Management System, Other Systems 2) By Application: Loss prevention and detection, Security management, Counter piracy, Coastal monitoring, Safety of ship, Pollution Prevention and Response (PPR) management 3) By End User: Government Institutions, Oil & Gas, Marine & construction, Shipping & Transportation, Cargos & containers, Other End-Users

The marine hybrid propulsion are hybrid propulsion systems for marine applications that combines combustion engines with battery power to optimize engine operation and reducing emissions. Hybrid propulsion is a propulsion system for a vehicle that involves two or more sources of propulsion in one design usually that can be used collectively or alternately. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands such as tug boats, fishing vessels, and others. The main propulsion types of marine hybrid propulsion are diesel-electric, parallel hybrid, serial hybrid, full electric, gas turbine, and fuel cell. A diesel-electric propulsion system can employ a single engine to drive several propellers or several engines to power one or more propellers. Electric propulsion is widely used in specific vessel designs. Diesel engines provide approximately 90% of the energy in marine applications. In a parallel hybrid propulsion system, the engine and electric motor work in tandem to generate the power that drives the wheels. When power demands are low, parallel hybrids utilize the motor as a generator for supplemental recharging. The serial hybrid system uses a single electric motor and can both generate power and store energy. The system optimizes fuel consumption with a constant-speed generator engine. Full electric propulsion systems utilize electrical power to drive propeller blades for propulsion. Normally electrical propulsion is used in small vessels but nowadays shipping companies are adopting this system for big-size cargo vessels as well. A gas turbine propulsion system is a type of continuous and internal combustion engine that pulls together all of the systems and subsystems associated with gas turbine engines in aircraft and marine warship applications. Fuel cell propulsion systems are similar to that of electric vehicles, where energy stored as hydrogen is converted to electricity by the fuel cell. The different types of ships include anchor handling tug supply vessels, platform supply vessels, yachts, motor ferry, cruise liner, and others and operates in various power ranges such as 0-300 KW, 301-500KW, and 501KW-800KW. It is used in commercial, logistics, offshore drilling and naval, and other applications. The marine hybrid propulsion market research report is one of a series of new reports from The Business Research Company that provides marine hybrid propulsion market statistics, including marine hybrid propulsion industry global market size, regional shares, competitors with a marine hybrid propulsion market share, detailed marine hybrid propulsion market segments, market trends and opportunities, and any further data you may need to thrive in the marine hybrid propulsion industry. This marine hybrid propulsion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global marine hybrid propulsion market size grew from $3.52 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The marine hybrid propulsion market size is expected to grow to $6.12 billion in 2027 at a CAGR of 11.5%. An increase in international trade is contributing to the growth of the marine hybrid propulsion market. Most of the internationally traded goods are transported using cargo vessels and ships. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands. According to UNCTAD’s Global Trade Update, in 2021, there was an overall record value of $28.5 trillion in global trade, compared to 2020, the increase was about 25%, and compared to 2019, it was about 13%. Increased commodity prices, subsiding pandemic restrictions, and strong economic stimulus packages all contributed to the positive trend in international trade in 2021. Thus, the surge in international trade boosts the number of cargo vessels and ships fleet and which in turn, drives the market for marine hybrid propulsion. The launch of integrated propulsion systems has emerged as a key trend in the marine hybrid propulsion market. Major players operating in the marine hybrid propulsion field are focusing on introducing new hybrid propulsion systems to improve performance, environmental compatibility, and propulsion system versatility. For instance, in November 2020, Havyard, a Norwegian shipbuilding group announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as a potential alternative fuel to help reduce its carbon footprint. It has developed a ship’s propulsion systems with integrated LH2 tanks and fuel cells. In June 2020, Gula Skrinet AB, a global supplier of customized marine propulsion systems acquired Caterpillar Propulsion AB for an undisclosed amount. The proposed acquisition develops Gula Skrinet AB’s external relationships, products, and services in close cooperation with customers and partners. Caterpillar Propulsion AB is a Sweden-based manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. Major players in the marine hybrid propulsion market are BAE Systems, Schottel, MAN Energy Solutions, Siemens, ABB Ltd., General Electric Company, Steyr Motors, Mitsubishi Heavy Industries, Torqeedo, and Wartsila Corporation. Europe was the largest region in the marine hybrid propulsion market in 2022. The regions covered in the marine hybrid propulsion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine hybrid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The marine hybrid propulsion market consists of sales of electric motor, energy storage device, battery system, electric machine, power electronics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global marine hybrid propulsion market is segmented - 1) By Propulsion Type: By Propulsion Type, Diesel-Electric, Parallel Hybrid, Serial Hybrid, Full Electric, Gas Turbine, Fuel cell 2) By Ship Type: Anchor Handling Tug Supply Vessels, Platform Supply Vessels, Yachts, Motor Ferry, Cruise Liner, Others 3) By Power Rating: 0-300 KW, 301-500 KW, 501-800 KW 4) By Application: Commercial, Logistics, Offshore Drilling, Naval, Others

Marine lubricants are petrochemicals-based products that lowers friction and are mainly used in marine applications. These are used by ships and other seafaring vehicles. The main types of products of marine lubricants are engine oil, hydraulic oil, turbine oil, gear oil, greases, and others. Hydraulic oil refers to a hydraulic substance used in liquid-pressure hydraulic systems. In the hydraulic system, it performs functions such as energy transmission, system lubrication, anti-corrosion, anti-rust, cooling, and sealing. Hydraulic oil is a unique type of oil that is used to transfer power. The various types of oil are mineral oil (paraffinic oil, naphthenic oil, aromatic oil), synthetic oil (PAO, PAG, esters), bio-based (plant source, animal fats), grease (metallic soap thickener and non-soap thickener, inorganic thickener) used in different ship types such as bulk carriers (handysize, handymax, Panamax, Capesize), tankers (Panamax, Aframax, Suezmax, very large crude carrier (VLCC), ultra large crude carrier (ULCC), container ship and others (reefers, drill ships, passenger ships, roll on roll off ships, service ships). The marine lubricants market research report is one of a series of new reports from The Business Research Company that provides marine lubricants market statistics, including marine lubricants industry global market size, regional shares, competitors with a marine lubricants market share, detailed marine lubricants market segments, market trends, and opportunities, and any further data you may need to thrive in the marine lubricants industry. This marine lubricants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global marine lubricants market size grew from $7.65 billion in 2022 to $8.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The marine lubricants market size is expected to grow to $13.51 billion in 2027 at a CAGR of 12.4%. The increase in demand for bio-based lubricants is expected to propel the growth of the marine lubricants market. All lubricants that biodegrade quickly dissolve and are not hazardous to humans or aquatic habitats are referred to as bio-lubricants. They are also known as eco-friendly, biodegradable, or sustainable lubricants. Because of the biodegradability and low toxicity of bio-lubricants, as well as the benefit of fewer emissions from utilizing them, the marine industry is becoming a prominent area that uses them. For instance, according to American Oil Chemists' Society (AOCS), the global market for bio-lubricants is predicted to rise from $2 billion, which was indicated in the year 2020 to $2.4 billion, which is projected for the year 2025, as environmental rules and regulations in the marine industry improve. Therefore, a rise in demand for bio-lubricants drives the growth of the marine lubricants market. Strategic collaborations between companies are a key trend gaining popularity in the marine lubricant market. Companies manufacturing marine lubricants are undergoing partnerships and collaborations to develop new technologies and products. For instance, in April 2021, Crown oil, a fuel, and lubricants distribution company located in Bury, Greater Manchester, England, and Valvoline, an American manufacturer and distributor of automotive oil, additives, and lubricants involved in a partnership. The deal enables Crown oil to offer a wide range of high-quality Valvoline products to the heavy-duty, agricultural, fleet, and marine sectors and allows Valvoline to explore the base oil market as they do not refine their base oils from crude oil. In another partnership, in August 2021, Wilh. Wilhelmsen Holding ASA, a Norwegian multinational maritime group, headquartered in Lysaker, Norway entered into a partnership with Klubler Lubricants, a leading manufacturer of specialty lubricants based in the US. The deal enables Wilhelmsen holdings to take over sales, logistics and consulting of Klüber Lubrication’s maritime portfolio for its sea-going vessels. In December 2020, John W Stone Oil Distributer, a US-based bunker supplier acquired marine lubricants division of Martin Midstream Partners for an undisclosed amount. The acquisition would complement the company’s marine fuel portfolio and help it grow in newer geographies. Mega Lubricants is a US-based marine lubricants manufacturer. Major players in the marine lubricants market are BP plc, Royal Dutch Shell plc, Exxon Mobil Corporation, Chevron Corporation, Sinopec Corporation, PJSC Lukoil, Idemitsu Kosan Co. Ltd., Total S.A., Castrol, Gulf Oil Marine, Synforce Lubricants., Valvoline LLC, PetroChina, Eni S.p.A, Croda International PLC., Bailey’s Marine Fuels, Quepet Lubricants, JX Nippon Oil & Energy Corporation, IKO Marine Lubricant Supply Co. Ltd., Repsol SA, Aegean Oil SA, Fuchs Lubricants Co., Indian Oil Corporation Ltd. (IOCL), and Stanley Lubricants. Asia-Pacific was the largest region in the marine lubricants market in 2022. The regions covered in the marine lubricants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the marine lubricants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The marine lubricants market consists of sales of compressor oils, refrigerating oils, and heat transfer oils. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global marine lubricants market is segmented - 1) By Product Type: Engine oil, Hydraulic oil, Turbine oil, Gear oil,Greases, Other Products 2) By Oil Type: Mineral oil (Paraffinic Oil, Naphthenic Oil, Aromatic Oil), Synthetic Oil (PAO, PAG, Esters), Bio-based ( Plant Source, Animal Fats), Grease (Metallic Soap Thickener, Non-soap Thickener, Inorganic Thickener) 3) By Ship Type: Bulk Carriers (Handysize, Handymax, Panamax, Capesize), Tankers (Panamax, Aframax, Suezmax, Very Large Crude Carrier (VLCC), Ultra Large Crude Carrier (ULCC)), Container Ship, Other Ship Types (Reefers, Drill Ships, Passenger ships, Roll on Roll Off Ships, Service Ships)