Marine Telematics - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Marine Telematics market is accounted for $7.29 million in 2018 and is expected to reach $35.73 million by 2027 growing at a CAGR of 19.3% during the forecast period. Some of the key factors propelling the market growth are trend of connectivity solutions, growing demand for specialized ships and boats to ensure efficient offshore operations and enhanced ship monitoring. However, high cost of integration and requirement of continuous & seamless internet connectivity are restraining factors for the growth of the market.
Marine telematics systems have a core function of recording data about vessels and send, process, and store the information through media transmission devices to improve activities. This technology is likewise used to control and monitor ships. These solutions are utilized in businesses such as boating, shipping, recreational fishing, and commercial fishing industries. It includes the utilization of wireless voice and data communication systems, which provide functions such as vessel tracking, emergency aid warning notification, system monitoring, stolen vehicle recovery, and other different features. This technology can be essential for the users as it provides a satellite link to the outside world when other methods of communications are inaccessible.
By application, commercial segment is expected to grow at the significant market share during the forecast period due to rising number of ships and prominent & secure method for transportation of goods through commercial ships and quick up gradation & development to introduce automation in commercial ships. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the high number of container ship transportation. Additionally, the demand for these features is expected to increase due to improved operational safety requirements in the region.
Some of the key players in Marine Telematics Market include WirelessCar, Verizon Telematics, Navis, Market Spectrum, ki2 Infotech, Cybernetica, Connexis, Airbiquity and Agero.
• Conversational System
• Data Collection System
• Data Release System
• Message Exchange System
• Q & A System
• Remote Batch System
• Information & Navigation
• Safety & Security
• Military Ships
• Offshore Oil and Gas
• Passenger Ships
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.