Marine Telematic Market Report: Trends, Forecast and Competitive Analysis to 2030

Marine Telematic Trends and Forecast

The future of the global marine telematic market looks promising with opportunities in the commercial ship, passenger ship, and defense ship applications. The global marine telematic market is expected to reach an estimated $70.0 million by 2030 with a CAGR of 23.4% from 2024 to 2030. The major drivers for this market are increasing number of transportation via container ships, growing activities related to international sea trade, and rising use of sensor-based and iot technology in the maritime sector.

A more than 150-page report is developed to help in your business decisions.

Marine Telematic by Segment

The study includes a forecast for the global marine telematic by component, application, and region.

Marine Telematic Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Service

Marine Telematic Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial Ships
• Passenger Ships
• Defense Ships

Marine Telematic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Marine Telematic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies marine telematic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the marine telematic companies profiled in this report include-

• Boat Command
• Metocean
• Cybernetica
• Navis
• Technoton
• ki2 Infotech
• Sentinel Marine solutions
• Traxens
• AST MSL
• Market Spectrum

Marine Telematic Market Insights

Lucintel forecasts that hardware is expected to witness highest growth over the forecast.

Passenger ship is expected to witness highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period due to increasing demand for maritime trade and defense, growing number of offshore oil & gas exploration activities, and rapid adoption marine telematics systems in the region.

Features of the Global Marine Telematic Market

Market Size Estimates: Marine telematic market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Marine telematic market size by component, application, and region. in terms of value ($M).

Regional Analysis: Marine telematic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, applications, and region.s for the marine telematic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the marine telematic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the marine telematic market size?

Answer: The global marine telematic market is expected to reach an estimated $70.0 million by 2030.

Q.2. What is the growth forecast for marine telematic market?

Answer: The global marine telematic market is expected to grow with a cagr of 23.4% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the marine telematic market?

Answer: The major drivers for this market are increasing number of transportation via container ships, growing activities related to international sea trade, and rising use of sensor-based and iot technology in the maritime sector.

Q.4. What are the major segments for marine telematic market?

Answer: The future of the marine telematic market looks promising with opportunities in the commercial ship, passenger ship, and defense ship applications.

Q.5. Who are the key marine telematic market companies?

Answer: Some of the key marine telematic companies are as follows:

• Boat Command
• Metocean
• Cybernetica
• Navis
• Technoton
• ki2 Infotech
• Sentinel Marine solutions
• Traxens
• AST MSL
• Market Spectrum

Q.6. Which marine telematic market segment will be the largest in future?

Answer: Lucintel forecasts that hardware is expected to witness highest growth over the forecast period due to .

Q.7. In marine telematic market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to increasing demand for maritime trade and defense, growing number of offshore oil & gas exploration activities, and rapid adoption marine telematics systems in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the marine telematic market by component (hardware, software, and service), application (commercial ships, passenger ships, and defense ships), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?