Marine Industries Global Market Analysis - Marine Institute

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112 MARINE INDUSTRIES GLOBAL MARKET ANALYSIS Figure 21.3: Typical Ship Cost Segmentation 21.3 EUROPEAN MARKET Europe is a major provider of marine equipment, particularly high technology and was valued at €17 billion in 2004. In shipbuilding this ranges from electronic charting and integrated bridge systems to advanced marine engines. In 2000, Europe was estimated to satisfy 37% of the world demand for shipbuilding sector marine equipment (whilst having only a 16% of the world shipbuilding market). 75 In 1997 the leading European suppliers of marine equipment were Germany 22%, UK 19% and Norway 15%. Source: Douglas–Westwood In offshore oil & gas, Europe is again associated with high technology. 21.4 THE LONG-TERM – 2010 ONWARDS The market was worth €64 billion in 1999. Since then the sector has displayed slight fluctuations, but a general rend of growth, with forecast value of €70 billion for 2009, representing a slight decline of 0.6% annually from 2005 following a peak of €74 billion in 2006.This is due to a forecast slight decline in shipbuilding.There is a growing technology content and hundreds of high-tech sub-sectors, many of which offer opportunities. 75 ‘3rd report from the European Commission to the Council on the situation in world shipbuilding 2000’. (We assume this refers to ships equipment only.)
MARINE INDUSTRIES GLOBAL MARKET ANALYSIS 113 22 Marine IT Definition – IT hardware and software in all aspects of marine activities. (Excludes systems not designed for specialised marine applications – e.g. typical office software.) 1999–03 2004 2005–09 Irish Market €M 43 18 78 UK Market €M 648 217 917 Europe Market €M 3,794 1,382 5,872 World Market €M 9,780 3,570 16,012 22.1 INTRODUCTION There are more than 500 suppliers of ‘marine computing’ worldwide (these are mainly SMEs, also there are many marine leisure sector players). Marine IT is a subject that is difficult to assign precise boundaries to. IT hardware & software applies to, and is embedded in, all aspects of marine activity so is difficult to value.The major sectors are those associated with critical ship operations (e.g. integrated bridge), equipment support (e.g. engine management) and marine operations (e.g. cargo handling). In addition there are many shore-based applications ranging from fleet management software to vessel traffic systems, and design software for various marine systems ranging from ships’ hulls to dynamic risers for floating production systems. Figure 22.1: Marine IT – Major Sectors Source: Douglas–Westwood In total, marine IT covers a very wide range of subject areas and systems including: Critical IT – Navigation, Charting, Engine Management, Systems Management, Positioning, Communication, Loading/stability,Weather Forecasting and Ocean Modeling, Data Management. Non-critical IT – ISM Code Reporting, Accident & Injury Reporting, Cargo Transactions, Fuel Reporting, Bunkering Ops, Cargo Status Reporting, Crew & Payroll, Daily Log, Engineers Log, Invoices, Manifesting, Supplies, Equipment Performance Log, Equipment Procurement, Internet, Classification Reporting, Maintenance Management, Purchasing Management, Mail,Work Systems. Other IT – Design, Build, Procurement. Office-based software – VTMS, Brokering, Engineering Procurement, Crew management, Positioning/tracking, Accounting, Data Management, Fleet Management,Vessel Scheduling, Planning & Reservation. A significant barrier to development of marine IT has been the relatively high costs of high data rate satellite communications compared with onshore hard-wire or mobiles. Substantial improvements have been made but until broadband is successfully launched by Inmarsat in 2005/06, a bottleneck will remain. It is possible that the provision of internet services for the airline industry may speed up the process and reduce costs. Boeing are entering the maritime satellite communications market, challenging the historic dominance of Inmarsat.
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