South America Collision Avoidance and Object Detection Maritime Market Forecast to 2028 - COVID-19 Impact and Regional Analysis

Description

List of Tables

The collision avoidance and object detection maritime market in South America is expected to grow from US$ 17.05 million in 2022 to US$ 22.60 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028.

Rapid Development of AI and ML Enabled Navigation Systems

The technological shift towards adoption of AI and ML in marine navigation system is a key trending factor that accelerates the deployment of collision avoidance and object detection system in the maritime industry which is propelling the market growth. The adoption of AI and ML provides added safety features in the navigation system for marine applications with precise accuracy and efficiency. The associated advantages of using the AI and ML in maritime industry enhances the predictive capabilities and make the operations more efficient. Some implementations include real-time analytics, improved scheduling, automated processes, and among others. The AI optimizes the navigational sense using machinery and engines' data transmitted by connected sensors allowing the predictive maintenance. Machine learning algorithms help optimize routes to minimize fuel consumption, using the vessel's information. Furthermore, AI and ML integrated with collision avoidance and object detection systems automatically detects hazardous objects or small vessels in the path of the ship even during times of low visibility. The growing initiatives for development of AI-based navigation system from leading players is anticipated to propel the market growth. For instance, in June 2022, Sea Machines Robotics has unveiled AI-ris, a new marine computer-vision navigation sensor designed to improve safety and performance of vessels. Thus, such advantageous features of using AI and ML enabled navigation systems is anticipated to drive the market growth over the forecast period.

Market Overview

South America is segmented into Brazil, Argentina, Colombia, and several small island nations. The strong presence of tourism and commercial marine industries has contributed significantly to the notable number of marine vessels and marinas for sea-related leisure and sports activities. Though, the industry is heavily fragmented, presence of significant number of small players have facilitated in the development of port infrastructure and technological adoption for their seamless operation across prominent commercial ports throughout the Latin American countries. Furthermore, the rising inclination toward advanced technologies such as UAVs is significantly contributing to the market growth. For instance, in June 2022, TASA, a Peruvian fishing company, introduced its first unmanned surface vessel (USV) for oceanographic & marine resource monitoring and fish-finding activities. This UAV is integrated with collision avoidance sensors and object detection technologies to enhance situational awareness and mitigate collision risk. Thus, significant development and adoption of advanced technologies by the marine industry is driving the market.

South America Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)

South America Collision Avoidance and Object Detection Maritime Market Segmentation

The South America collision avoidance and object detection maritime market is segmented into by technology, application, end user, and country.

Based on technology, the market is segmented into LiDAR, computer vision, radar, and others. The radar segment held the largest market share in 2022. Based on application, the market is segmented into blind spot detection, night vision, and others. The others segment held the largest market share in 2022. Based on end user, the market is segmented into unmanned surface vehicle, ships, and autonomous underwater vehicle (AUV). The Ships segment dominated the market share in 2022. Based on country, the market is segmented into Brazil, Argentina, and the Rest of South America. Brazil segment dominated the market share in 2022. Benewake (Beijing) Co Ltd; Orlaco Products BV; Raytheon Anschutz GmbH; Garmin Ltd.; Sea Machines Robotics Inc.; Teledyne FLIR LLC.; and Furuno Electric Co Ltd are the leading companies operating in the collision avoidance and object detection maritime market in the region.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America Collision Avoidance and Object Detection Maritime Market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in South America Collision Avoidance and Object Detection Maritime Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth South America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: BMIRE00027658

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South America Collision Avoidance and Object Detection Maritime Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. South America Collision Avoidance and Object Detection Maritime Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Rising Number of Ships and Boats
- 5.1.2 Increasing Research on Autonomous Navigation Systems
5.2 Market Restraints
- 5.2.1 Integration with Legacy Systems
5.3 Market Opportunities
- 5.3.1 Rising Demand for Personal Yachts and Recreational Boats
- 5.3.2 Growing Research on Military Applications of Unmanned Surface Vehicles and Autonomous Underwater Vehicles
5.4 Key Market Trends
- 5.4.1 Rapid Development of AI and ML Enabled Navigation Systems
- 5.4.2 Rising Popularity of Expedition Cruises
5.5 Impact Analysis of Drivers and Restraints

6. Collision Avoidance and Object Detection Maritime Market - South America Market Analysis

6.1 South America Collision Avoidance and Object Detection Maritime Market Overview
6.2 South America Collision Avoidance and Object Detection Maritime Market Forecast and Analysis

7. South America Collision Avoidance and Object Detection Maritime Market Analysis - By Technology

7.1 Overview
7.2 South America Collision Avoidance and Object Detection Maritime Market, By Technology (2021 And 2028)
7.3 LiDAR
- 7.3.1 Overview
- 7.3.2 South America LiDAR: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
7.4 Computer Vision
- 7.4.1 Overview
- 7.4.2 South America Computer Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
7.5 Radar
- 7.5.1 Overview
- 7.5.2 South America Radar: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
7.6 Others
- 7.6.1 Overview
- 7.6.2 South America Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

8. South America Collision Avoidance and Object Detection Maritime Market Analysis - By Application

8.1 Overview
8.2 South America Collision Avoidance and Object Detection Maritime Market, By Application (2021 And 2028)
8.3 Blind Spot Detection
- 8.3.1 Overview
- 8.3.2 South America Blind Spot Detection: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
8.4 Night Vision
- 8.4.1 Overview
- 8.4.2 South America Night Vision: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
8.5 Others
- 8.5.1 Overview
- 8.5.2 South America Others: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

9. South America Collision Avoidance and Object Detection Maritime Market Analysis - By End user

9.1 Overview
9.2 South America Collision Avoidance and Object Detection Maritime Market, By End user (2021 and 2028)
9.3 Unmanned Surface Vehicle
- 9.3.1 Overview
- 9.3.2 South America Unmanned Surface Vehicle: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
9.4 Ships
- 9.4.1 Overview
- 9.4.2 Ships: Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)
9.5 Autonomous Underwater Vehicle (AUV)
- 9.5.1 Overview
- 9.5.2 South America Autonomous Underwater Vehicle (AUV): Collision Avoidance and Object Detection Maritime Market Revenue and Forecast To 2028 (US$ Million)

10. South America Collision Avoidance and Object Detection Maritime Market - Country Analysis

10.1 South America: Collision Avoidance and Object Detection Maritime Market
- 10.1.1 South America: Collision Avoidance and Object Detection Maritime Market - Revenue and Forecast to 2028 (US$ Million)
- 10.1.2 South America: Collision Avoidance and Object Detection Maritime Market, by Key Country
  - 10.1.2.1 Brazil: Collision Avoidance and Object Detection Maritime Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.2.1.1 Brazil: Collision Avoidance and Object Detection Maritime Market, by Technology
    - 10.1.2.1.2 Brazil: Collision Avoidance and Object Detection Maritime Market, by Application
    - 10.1.2.1.3 Brazil: Collision Avoidance and Object Detection Maritime Market, by End User
  - 10.1.2.2 Argentina: Collision Avoidance and Object Detection Maritime Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.2.2.1 Argentina: Collision Avoidance and Object Detection Maritime Market, by Technology
    - 10.1.2.2.2 Argentina: Collision Avoidance and Object Detection Maritime Market, by Application
    - 10.1.2.2.3 Argentina: Collision Avoidance and Object Detection Maritime Market, by End User
  - 10.1.2.3 Rest of South America: Collision Avoidance and Object Detection Maritime Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.2.3.1 Rest of South America: Collision Avoidance and Object Detection Maritime Market, by Technology
    - 10.1.2.3.2 Rest of South America: Collision Avoidance and Object Detection Maritime Market, by Application
    - 10.1.2.3.3 Rest of South America: Collision Avoidance and Object Detection Maritime Market, by End User

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Benewake (Beijing) Co Ltd
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Raytheon Anschutz GmbH
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Garmin Ltd
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Sea Machines Robotics Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Teledyne FLIR LLC
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Furuno Electric Co Ltd
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index