Marine telematics involves the use of data communication and wireless voice, which provide system monitoring, vessel tracking, internet access, emergency aid, and among others. This system helps to merchant and tourists to track and monitor the location of the ship by providing real-time data, that is also boosting demand for the marine telematics market. The demand for marine telematics is expected to increases due to its operational safety, ship monitoring, and fuel management. The emerging trends, such as automation, connectivity solution, and vessel safety, are also fueling the growth of the marine telematics market.
MARKET DYNAMICS
This system is used to control and monitor vessels and ships. Additionally, these systems are used in business, such as boating, fishing, recreational activity, and among others, that raises demand for the marine telematics market. However, the lack of internet connectivity and high integration cost may hamper the growth of the market. Rapid development and improvement in the maritime industry also demand the latest technology in the ship for increasing ship operation are boosting the need for the marine telematics market. The growing number of transportation ships and passenger ships are foreseen during the forecast period and expected to grow in the upcoming year that drives the growth of the marine telematics market.
MARKET SCOPE
The "Global Marine Telematics Market Analysis to 2028" is a specialized and in-depth study of the marine telematics industry with a special focus on the global market trend analysis. The report aims to provide an overview marine telematics market with detailed market segmentation by component, application, service, and geography. The global marine telematics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading marine telematics market players and offers key trends and opportunities in the marine telematics market.
MARKET SEGMENTATION
The global marine telematics market is segmented on the basis of component, application, and service. On the basis of component the market is segmented as hardware, software. On the basis of application the market is segmented as commercial, passenger, and defense. On the basis of service the market is segmented as safety and security, information and navigation, diagnostics, entertainment.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global marine telematics market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The marine telematics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting marine telematics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the marine telematics market in these regions.
MARKET PLAYERS
The reports cover key developments in the marine telematics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from marine telematics market are anticipated to lucrative growth opportunities in the future with the rising demand for marine telematics in the global market. Below mentioned is the list of few companies engaged in the marine telematics market.
The report also includes the profiles of key marine telematics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AST Marine Sciences Ltd
- Boat Command Corporation
- Cybernetica AS
- Ki2 Infotech
- Market Spectrum
- METOCEAN TELEMATICS
- Navis
- Sentinel Marine Solutions
- Technoton
- Traxens
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