Water Transport Global Market Report 2023– By Type (Deep Sea, Coastal, And Great Lakes, Inland Water Transport), By Application (Onshore, Offshore)– Market Size, Trends, And Global Forecast 2023-2032

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 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 The global autonomous marine vehicles market size 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 market size of the global autonomous marine vehicles is expected to grow from $4789.11 billion in 2027 at a CAGR of 15.9%. The autonomous marine vehicles 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. Major players in the autonomous marine vehicles market report include Asv Global/ASV Unmanned Marine Systems, Atlas Elektronik, Teledyne Technologies, ECA Group, and Sea Robotics Inc. 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. 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 share. The regions covered in the autonomous marine vehicles market analysis 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 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, autonomous marine vehicle 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 automotive logistics refer to a set of activities conducted for the smooth transportation of automotive spare parts and finished vehicles. Automotive logistics consists of inbound procurement, outsourcing & distribution of spare parts, and transporting finished vehicles domestically or internationally. The complexity of the supply chain of automotive logistics requires process planning to achieve maximum efficiency in manufacturing. The main types of automotive logistics are outsourcing and insourcing. Automotive outsourcing logistics companies provide third-party services such as contract logistics, warehousing, and domestic transportation to achieve maximum efficiency in the transportation and manufacturing process. The various activities involve warehousing & handling, transportation & handling that are divided by mode of transport into roadways, airways, railway, and maritime. The numerous services provided are transportation, warehousing, packaging processes, integrated service, and reverse logistics that are distributed across domestic and international channels. The global automotive logistics market is segmented - 1) By Type: Outsourcing, Insourcing 2) By Activity: Warehousing & Handling, Transportation & Handling 3) By Mode of Transport: Roadways, Airways, Railway, Maritime 4) By Services: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics 5) By Distribution: Domestic, International The global automotive logistics market size will grow from $245.45 billion in 2022 to $266.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. 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 market size of global automotive logistics is expected to grow to $340.34 billion in 2027 at a CAGR of 6.3%. The increasing efficiency in finished vehicle logistics is expected to propel the growth of the automotive logistics market going forward. Finished vehicle logistics refers to a series of stages and processes through which cars get safely delivered to the end customers. This process involves transporting or delivering vehicles from the manufacturer to the customers domestically or internationally. Finished vehicle logistics is used by the automotive industry for the safer delivery of cars as a result due to increase in efficiency in finished vehicle logistics will increase the demand for automotive logistics. For instance, in December 2021, according to Economic Times Auto, an India-based article, India's intercity road logistics spending reached USD 209 billion in 2021, with an annual compounding growth rate of 8%. Therefore, the increasing efficiency in finished vehicle logistics is driving the growth of the automotive logistics market. Major players in the automotive logistics market are Penske Corporation, Deutsche Post DHL Group, XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd., DSV A/S, Ryder Systems Inc., CEVA Logistics, Nippon Express, Expeditors International, BLG Logistics, DB Schenker, Hellmann Worldwide Logistics, GEFCO, Schnellecke group ag & co. Kg, Hitachi Transport System Ltd., Neovia Logistics Services LLC., CFR Rinkens, GEODIS, Kerry Logistics Network Limited, Dachser Group SE & Co. KG, Yusen Logistics Co. Ltd., and Neovia Logistics Services LLC. New product innovations have emerged as the new trend gaining popularity in the automotive logistics market. Major companies operating in the automotive logistics sector are focused on developing innovative products to sustain their position in the market. For instance, In March 2021, Tata motors, an India-based company that manufactures logistic automobile trucks, launched Ultra Sleek T-Series trucks based on smart truck technology. This contains a varied deck length from 10 to 20 feet to adapt to all the required applications. This helps to carry more automotive logistics at a time. In January 2021, XPO Logistics, Inc., a US-based freight transportation company, acquired Kuehne + Nagel International AG for an undisclosed amount. This acquisition helps XPO Logistics to expand its contract logistics network in the United Kingdom and Ireland. And also helps to increase logistic Services such as inbound and outbound distribution and reverse logistics, and it also starts providing services in new markets, including inventory management of automotive logistics. Kuehne+Nagel International AG is Switzerland-based transport and logistic company. Asia-Pacific was the largest region in the automotive logistics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive logistics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive logistics market includes revenues earned by entities by inbound logistics, outbound logistics, reverse logistics and aftermarket logistic. 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 automotive logistics market research report is one of a series of new reports from The Business Research Company that provides automotive logistic market statistics, including automotive logistics industry global market size, regional shares, competitors with automotive logistics market share, detailed automotive logistics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive logistics industry. This automotive logistics 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.

Automotive test equipment puts the systems and components of the vehicle through a series of the real-world and virtual assessments to ensure its safety, efficiency, and reliability. Automotive testing is essential to test vehicles and comply with global safety regulations. Automotive test equipment uses various instruments to diagnose any potential problems in the vehicle, identify faults in the development phase of vehicles, and for ensuring that the vehicle's performance is as per the requirements of its manufacturer. The main product types of automotive test equipment is chassis dynamometers, engine dynamometers, vehicle emission test systems, and wheel alignment testers. A chassis dynamometer is a software-enabled hardware device designed to stimulate real-time road conditions, and test power performance, NVH, environment resistance, and other parameters. The end users using this equipment are the original equipment manufacturer (OEM) assembly plant, original equipment manufacturer (OEM) R&D and technical centre and authorized service centre. This equipment is used in various vehicle types including passenger car and commercial vehicles. The global automotive test equipment market is segmented - 1) By Product Type: Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test system, Wheel Alignment Tester 2) By End User: Original Equipment Manufacturer (OEM) assembly plant, Original Equipment Manufacturer (OEM) R&D, technical center, Authorized Service Center 3) By Vehicle Type: Passenger Car, Commercial Vehicles The global automotive test equipment market size will grow from $13.41 billion in 2022 to $14.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. 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 automotive test equipment market size is expected to grow to $19.26 billion in 2027 at a CAGR of 7.5%. Growth in the adoption of autonomous vehicles is expected to propel the growth of the automotive test equipment market. The increasing availability of autonomous vehicles at affordable prices and growing customer preference for highly secured vehicles with autonomous features to reduce their driving burden have contributed to the increased adoption of autonomous vehicles across the globe. Autonomous vehicle manufacturers rely on automotive test equipment to ensure the vehicle performance meets international regulations and safety standards, therefore, creating an increased demand for automotive test equipment. According to an April 2021 report by the Center for Strategic and International Studies, a US-based non-profit policy research organization, it is forecasted that the market for autonomous vehicles is expected to reach $1 trillion in 2030 and $3 trillion by 2040. Therefore, the growth in the adoption of autonomous vehicles is expected to boost demand for automotive test equipment during the forecast period. Major players in the automotive test equipment market are Robert Bosch GmbH, Vector Informatik, ABB Ltd., Delphi Automotive PLC, Actia S.A., Continental AG, Horiba Ltd., Softing AG, Teradyne Inc., Siemens AG, Denso Corporation, TÜV SÜD, PTM Electronics, DSA Daten- und Systemtechnik GmbH, Millbrook Proving Ground, Sierra Instruments, MAHA Maschinenbau Haldenwang GmbH, MTS Systems Corporation, Racelogic, and Moog Ig. Strategic partnerships and collaborations are a key trend gaining popularity in the automotive test equipment market. Major companies operating in the automotive test equipment market are focused on strategic partnerships to develop innovative products and strengthen their market position. For instance, in September 2021, Rohde & Schwarz, a Germany-based electronics group collaborated with Vector Informatik, a Germany-based manufacturer of automotive electronics for development of hardware-in-the-loop validation of automotive radar sensors. This system involves the use of environment simulation and user interface for scenario configuration. This system can also effectively test advanced driverless assistance systems for autonomous driving functions of cars. In October 2020, BorgWarner, a US-based supplier of sustainable and innovative mobility solutions in the automobile sector acquired Delphi Technologies for $3.3 billion. This deal has enabled BorgWarner to offer propulsion products and systems across combustion, hybrid and electric vehicles, and has strengthened its overall product offerings. Delphi Technologies is a UK-based provider of fuel systems, engine maintenance solutions, test equipment, vehicle electronics, training and diagnostics solutions. Asia-Pacific was the largest region in the automotive test equipment market in 2022 and is expected to be the fastest-growing region in the automotive test equipment market during the forecast period. The regions covered in the automotive test equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive test equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive test equipment market consists of sales of oscilloscopes, signal generators, signal analyzers, power meters, network analyzers, and spectrum analyzers. 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 automotive test equipment market research report is one of a series of new reports from The Business Research Company that provides automotive test equipment market statistics, including automotive test equipment industry global market size, regional shares, competitors with an automotive test equipment market share, detailed automotive test equipment market segments, market trends and opportunities, and any further data you may need to thrive in the automotive test equipment industry. This automotive test equipment 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.

Automotive equipment leasing refers to obtaining automotive equipment by businesses for temporary use on a rental or lease basis against periodic contractual payments. Automotive equipment leasing help with the risk of obsolescence, easy source of finance, is preferable to a term loan, has tax benefits, and has low maintenance costs. The main types of automotive equipment leasing are passenger car rental, passenger car leasing, truck, utility trailer, and RV (recreational vehicle) rental and leasing. The passenger automobile rental sector consists of businesses that rent or lease passenger cars without drivers. The different modes include online, and offline and involve various lease types such as closed-ended lease, option to buy the lease, sub-vented lease, and others. The global automotive equipment leasing market is segmented - 1) By Type: Passenger Car Rental, Passenger Car Leasing, Truck, Utility Trailer, And RV (Recreational Vehicle) Rental And Leasing 2) By Mode: Online, Offline 3) By Lease Type: Closed Ended Lease, Option to Buy Lease, Sub-Vented Lease, Other Lease Types The global automotive equipment leasing market size will grow from $434.06 billion in 2022 to $486.28 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. 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 size of automotive equipment leasing market is expected to grow to $747.9 billion in 2027 at a CAGR of 11.4%. Technological advances will be a key driver of the automotive equipment rental and leasing market in the forecast period. Digital technologies such as the internet of things (IoT) and big data are increasingly being used by car leasing companies to better manage their fleet, reduce operational costs and improve customer service. Innovations in mobility technologies such as in-car navigation and automation will also drive the demand for leased vehicles, especially among millennials. Major companies in the automotive equipment leasing market report include Enterprise Holdings Inc., Daimler AG, LeasePlan Corporation N.V., Ford Motor Co, Berkshire Hathaway Inc., Avis Budget Group Inc., Hertz Global Holdings Inc., ALD Automotive, Penske Truck Leasing, Ryder System Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the automotive equipment leasing market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the automotive equipment leasing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Automotive equipment leasing companies are using technologies such as big data to improve customer service and increase vehicle life. Big data involves large amounts of data that can be analyzed to gain insights and drive decision-making. Big data would allow the leasing company to remind the driver to book a car for the service or replace engine oil. This technology could also help leasing companies in minimizing driver risk and prevent the number of accidents, by giving the companies insights into the driving habits and whereabouts of their fleet. Companies such as Lex Auto lease have been increasingly using big data to drive cost reduction and risk mitigation. Western Europe was the largest region in the automotive equipment leasing market in 2022. Asia-Pacific was the second-largest region in the automotive equipment leasing market share. The regions covered in the automotive equipment leasing market analysis report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive equipment leasing market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The automotive equipment leasing market consists of revenues earned by entities that provide passenger cars and trucks/vans, utility trailers, and recreational vehicles (RVs) without drivers. These establishments generally operate a retail store-like facility for automotive equipment renting and leasing. Some automotive equipment rental and leasing companies offer short-term rental or long-term leases, while others provide both types of services. 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 automotive equipment leasing market research report is one of a series of new reports from The Business Research Company that provides automotive equipment leasing market statistics, including automotive equipment leasing industry global market size, regional shares, competitors with an automotive equipment leasing market share, detailed automotive equipment leasing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive equipment leasing industry. This automotive equipment leasing 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.

Automation testing refers to a software testing technique that executes a test case suite using special automated testing software tools to cut testing costs, deliver capabilities more quickly, and to improve the software's efficacy, efficiency, and coverage. Automation testing employs an automation tool to execute the test case rather than a human manually executing the suite by following step-by-step instructions. The main component of automation testing are testing type and services. The testing component of automation testing are testing software designed to reduce testing costs, deliver features more quickly, and improve the software's efficacy, efficiency, and coverage. Performance testing, regression testing, functional testing, unit testing, and other types of automation testing are examples of testing types. The automation testing type are functional testing and non-functional testing, that are applied to advisory and consulting services, planning and development services, implementation services, and managed services, used by IT and telecommunication, BFSI, healthcare, retail, transportation and logistics, aviation, hospitality, government, and energy and power. The global automation testing market is segmented - 1) By Component: Testing Type, Services 2) By Type: Functional Testing, Non-Functional Testing 3) By Service: Advisory And Consulting Services, Planning And Development Services, Implementation Services, Managed Services 4) By End-User: IT And Telecommunication, BFSI, Healthcare, Retail, Transportation And Logistics, Avaiation, Hospitality, Government, Energy And Power The global automation testing market size will grow from $19.75 billion in 2022 to $24.39 billion in 2023 at a compound annual growth rate (CAGR) of 23.5%. 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 market size of the automation testing is expected to grow to $45.07 billion in 2027 at a CAGR of 16.6%. The growth in the demand for automation of the testing process is expected to propel the development of the automation testing market. Automation testing provides many benefits like completing routine tasks, quickly discovering faults, accuracy, and continuous feedback, which saves time and personnel and will lead to lower software testing costs. These benefits are prompting businesses to adopt automation testing for their software. Furthermore, digitalization and automation tools assist in lowering the reliance on labor. This enables to automate business processes and create new digitalized testing models by leveraging web-based solutions and cutting-edge technologies such as blockchain, IoT, 5G, cloud computing, robots, AI, and d+B23ata science. For Instance, In December 2021, according to a report on the digitalization of SMEs published by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization indicates that 97% of global companies have accelerated automation technology adoption, including SMEs representing more than 90% across the globe. Therefore, an increase in the demand for automation of the testing process will drive the automation testing market growth. Major players in the automation testing market are Accenture plc, AFour Technologies, Applitools, Astegic Inc., Broadcom Inc., Capgemini SE, Cigniti Technologies Limited, Codoid Innovations Private Limited, Cygnet Infotech, Froglogic, IBM, Infostrecth, Invensis, Keysight Technologies, Micro Focus, Worksoft, Mobisoft Infotech, Parasoft, ProdPerfect, QA Mentor, QA Source, Ranorex, Sauce Labs, Smartbear Software, Testim.io, Thinksys, Tricentis and QualityKiosk Technologies. The rapid adoption of advanced technologies is the key trend gaining popularity in the automation testing market. The advantage of advanced automation testing is that it can help reduce time-to-market and launch a bug-free product by handling repetitive tasks with fewer resources, maximizing return on Investment for businesses. It provides better insights than manual testing when some tests fail. Major companies operating in the automation testing market are employing advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to reduce the complexity and enhance the usability of their automation testing services. For instance, In July 2020, Micro Focus, a UK-based provider of software and consultancy services, announced AI-powered enhancements to the UFT Family's intelligent testing capabilities, a solution designed to reduce the overall complexity of automating functional testing processes. These new AI-based capabilities ensure that application teams can meet growing demands effectively, efficiently, and agilely by increasing test coverage and resiliency while decreasing test creation time and maintenance efforts. In February 2021, Sauce Labs Inc., a US-based cloud-hosted, web and mobile-based automation testing solution, acquired AutonomIQ for an undisclosed amount. The acquisition will help Sauce Labs increase the variety of solutions the company offers as AutonomIQ specializes in quickly and easily executing tests on software as a service (SaaS) and low-code applications using Artificial Intelligence (AI) and Machine Learning (ML) as leverage. AutonomIQ is a US-based automation testing company. North America was the largest region in the automation testing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automation testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automation testing market includes revenues earned by entities by providing implementation, and managed services. 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 automation testing market research report is one of a series of new reports from The Business Research Company that provides automation testing market statistics, including automation testing industry global market size, regional shares, competitors with a automation testing market share, detailed automation testing market segments, market trends and opportunities, and any further data you may need to thrive in the automation testing industry. This automation testing 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 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 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 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 market size of global marine hybrid propulsion 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. 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. 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. Europe was the largest region in the marine hybrid propulsion market share in 2022. The regions covered in the global marine hybrid propulsion market analysis 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 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.

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 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 The global marine insurance market size will grow 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 market size of global marine insurance 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. 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. 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. 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 analysis 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 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.

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 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) The global marine lubricants market size will grow 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. 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. 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. 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 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.