Marine Engine Monitoring System: Opportunities and Forecasts, 2018 - 2025 Marine Engine Monitoring System Market by Engine Type (Propulsion Engine, Auxiliary Engine), (Commercial, Naval), Deployment (On-Board, Remote), and Region - Global Forecast to 2025
United States -- Free-Press-Release.com -- May 10, 2018 -- The report "Marine Engine Monitoring System Market by Engine Type (Propulsion Engine, Auxiliary Engine), End Use (OEM, Aftermarket), Component (Hardware, Software), Ship Type (Commercial, Naval), Deployment (On-Board, Remote), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is estimated to be USD 508.4 Million in 2018 and is projected to reach USD 656.5 Million by 2025, at a CAGR of 3.72% from 2018 to 2025. The growth in international seaborne trade, increased demand for marine engine monitoring systems from the new shipbuilding & repair market, and a rise in maritime tourism are the key factors that are anticipated to drive the marine engine monitoring system market. Browse 97 market data Tables and 48 Figures spread through 171 Pages and in-depth TOC on "Marine Engine Monitoring System Market - Global Forecast to 2025" https://www.marketsandmarkets.com/Market-Reports/marine-engine-monitoring-syst em-market-8035652.html Early buyers will receive 10% customization on this report Based on the component, the software segment is projected to grow at the highest CAGR during the forecast period. Based on the component, the software segment of the marine engine monitoring system market is projected to grow at the highest CAGR from 2018 to 2025 The growth of the software segment can be attributed to its advantages that include data analysis process and trend analysis. Technologies such as predictive maintenance, dig data analysis, and IoT will add more comprehensive software analysis, which would be adopted in marine engines during the forecast period. Based on ship type, the commercial segment is estimated to lead the marine engine monitoring system market in 2018. Based on ship type, the commercial segment is estimated to lead the marine engine monitoring system market in 2018 and the naval ships segment of the marine engine
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