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Global Marine Telematics Market Expected to Grow with a CAGR of 19.3% During the Forecast Period, 2018-2027 - ResearchAndMarkets.com

January 17, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 17, 2020--

The “Marine Telematics - Global Market Outlook (2018-2027)” report has been added to ResearchAndMarkets.com’s offering.

The Global Marine Telematics market 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.

What the report offers:

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 Emerging Markets

3.8 Futuristic Market Scenario

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Marine Telematics Market, By Component

5.1 Introduction

5.2 Software

5.3 Services

5.4 Hardware

6 Global Marine Telematics Market, By Type

6.1 Introduction

6.2 Conversational System

6.3 Data Collection System

6.4 Data Release System

6.5 Message Exchange System

6.6 Q & A System

6.7 Remote Batch System

7 Global Marine Telematics Market, By Service

7.1 Introduction

7.2 Diagnostics

7.3 Entertainment

7.4 Information & Navigation

7.5 Safety & Security

8 Global Marine Telematics Market, By Application

8.1 Introduction

8.2 Commercial

8.3 Defense

8.4 Military Ships

8.5 Offshore Oil and Gas

8.6 Passenger Ships

9 Global Marine Telematics Market, By Geography

9.1 Introduction

9.2 North America

9.2.1 US

9.2.2 Canada

9.2.3 Mexico

9.3 Europe

9.3.1 Germany

9.3.2 UK

9.3.3 Italy

9.3.4 France

9.3.5 Spain

9.3.6 Rest of Europe

9.4 Asia Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 New Zealand

9.4.6 South Korea

9.4.7 Rest of Asia Pacific

9.5 South America

9.5.1 Argentina

9.5.2 Brazil

9.5.3 Chile

9.5.4 Rest of South America

9.6 Middle East & Africa

9.6.1 Saudi Arabia

9.6.2 UAE

9.6.3 Qatar

9.6.4 South Africa

9.6.5 Rest of Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures

10.2 Acquisitions & Mergers

10.3 New Product Launch

10.4 Expansions

10.5 Other Key Strategies

11 Company Profiling

11.1 WirelessCar

11.2 Verizon Telematics

11.3 Navis

11.4 Market Spectrum

11.5 ki2 Infotech

11.6 Cybernetica

11.7 Connexis

11.8 Airbiquity

11.9 Agero

For more information about this report visit https://www.researchandmarkets.com/r/echdgq

View source version on businesswire.com:https://www.businesswire.com/news/home/20200117005146/en/

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SOURCE: Research and Markets

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PUB: 01/17/2020 05:34 AM/DISC: 01/17/2020 05:33 AM