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Automated Mooring Systems Market

Automated Mooring Systems Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Energy & Natural Resources | Author Name: Hrishikesh

Safe docking of ships, vessels, and maritime boats is crucial for successful loading and unloading of passengers and raw materials. Therefore, use of effective mooring technologies has become the topmost priority of high-value industries. Mooring accidents of the past have served as inexorable reminders for marine companies to deploy fool-proof mooring technologies.  The International Marine Contractors Association (IMCA) is making dedicated efforts to raise awareness about the importance of following safety practices to prevent vessels and ships from casting off. Serious threats to life and property posed by a mooring incident are prompting marine administrators to deck up their planning infrastructure and risk assessments. However, it is difficult to assure holistic adherence to mooring SOPs and guidelines, especially when majority of the mooring protocols require human intervention.  In this scenario, automated mooring systems are expected to attract a mushrooming consumer base in the years to follow.

Automated Mooring Technologies Unleash Commendable Productivity by Fostering Time- and Revenue-Savings

Use of these systems can ensure faster and more reliable mooring through automation of routine tasks that can otherwise go unattended. It is widely believed across the modern-day marine industry that automated systems breed greater efficiency and savings in terms of expenditure and time. The overarching growth in marine vessel fleets has made it necessary to deploy hybrid mooring models that club human supervision and marine automation. In the long run, as companies embrace digital transformation and automation with greater aplomb, automated mooring systems could supersede all other technologies in terms of popularity and demand.

Integration of Coastal Data with Mooring Systems Creates a Win-Win Scenario for Market Growth

One of the greatest challenges of the marine industry is mooring of ships and vessels across short harbor stops. Not only does it require a huge crew, but also results in the creation of pinch points and snapback zones. Automation can overcome this challenge by enabling faster and more reliable mooring operations. Besides, centrally-automated mooring systems can ensure monitoring of multiple vessels during line traffic. Use of automated mooring systems is expected to drive the adoption of real-time data for ensuring high management standards across docking sites. Integration of data obtained from coastal moorings can be used to optimize the overall logistics of managing vessels and ships. In the absence of mooring alternatives, the only way of optimizing and streamlining mooring operations is by automating the process. Ports that have deployed automated mooring systems have demonstrated considerable progress to the end of safety and operational efficiency.

Utility of Automated Mooring Systems for Managing Megaships Could Open New Avenues for Market Expansion

A considerable loss of life and property has befallen across conventional mooring sites. Management of large vessels necessitates the use of multiple mooring lines which increases the risk of human injury and equipment damage. Therefore, port authorities are turning to automated mooring systems for management of megaships and vessels. These systems are eliminating the use of mooring lines by introducing vacuum-based automated mooring technologies. Automated mooring systems have roughly aided 310,000 mooring operations across the world, with palpable success across majority of the ports. Besides, the use of vacuum-based mooring has also made it possible for personnel to steer clear of hazardous areas by using remote-controlled vacuum pads.

In addition to the aforementioned factors, industry gurus are extrapolating the use of automated mooring systems to assure growth across several industries that depend on effective shipping logistics.  Seamless mooring ensures that heavy-duty materials and equipment can be loaded and unloaded without the risk of serious injury or hazards. Therefore, companies that cater to non-marine industries and consumers are also vouching for the use of automated mooring systems. These systems are expected to play a pivotal role in making supply chains more agile and connected for critical industries.

Automated Mooring Systems to Emerge as a Greener Alternative; North America and Europe Exhibit Accelerated Adoption Trend

Research related to mooring technologies is underway across several regions. The diverse marine industry in Europe holds tremendous potential for implementation of automated mooring systems. Experts believe that the region is expected to witness a reduction in carbon footprint caused by the marine industry through the use of automated mooring systems. Ports in Norway are leveraging the power of automated mooring systems to ensure improved marine productivity. Several commercial maritime ports in North America are resorting to the use of automated mooring systems that offer greater resilience in vessel management. This factor shall enable the inflow of formidable revenues into the regional market. Asia Pacific, on the other hand, is aggressively pursuing its goals of optimizing and improving its logistics supply chain. This factor is slated to rope in new avenues for revenue generation across the Asia Pacific market. The collective impact of regional advancements in marine management on the growth of the automated mooring systems market has been commendable.

Leading Companies Prepped for Indigenous Development of Cutting-Edge Mooring Technologies

MacGregor has emerged as a leading solutions provider for automated mooring systems across the globe. Moorex, the company’s cutting-edge auto-mooring system has been generating ripples across the entire marine industry. Moorex is found to be a pathbreaking introduction to the product matrix of mooring systems. Cavotec’s MoorMaster™ also sits at the pedestal of popularity on account of the claim to mooring resilience made by its manufacturers. Other prominent vendors operating in the global automated mooring systems market are Trelleborg Marine Systems FZE, C-Quip Limited, TTS Group ASA, and ZAD Marine. Development of indigenous mooring technologies is at the heart of advancements within these industries. These companies are expected to witness a greater consumer footfall as users of traditional mooring systems show acceptance towards automated systems.

Key Elements Included In The Study: Global Automated Mooring Systems Market

  • Automated Mooring Systems Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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