The global maritime telematics market is expected to reach +30 million dollars by 2018, with a CAGR of + 22% from 2019 to 2024. Depending on the type of application, the commercial segment was the main gain in 2018, with a turnover of $ + 5 million, which should reach $ + 23.0 million by 2024, recording a CAGR of + 21% in the forecast period. The Asia-Pacific region is expected to reach the highest market share of marine telematics in 2018.
Marine telematics systems perform an important function for recording information on ships and sending, processing and storing data via telecommunications equipment to improve operations. This technology is used to control and monitor. Marine telematics solutions are used in companies such as boating, navigation, recreational fishing, and commercial fishing. This includes the use of wireless voice and data communication systems that provide features such as vessel monitoring, emergency assistance alert notification, system monitoring, stolen vehicle recovery, and other features.
The systems generally contain a user interface, a satellite antenna and a communication link with the ship's electronic systems. This technology is important to users as it provides a satellite connection to the outside world when other methods of communication are not available.
The Marine Telematics System has been enabled with a hardware and software tool installed on the ships. A SIM card and a modem allow communication over a cellular network. Telematics receives data such as the ship's GPS position, accelerometer, and speed, which are then processed in the data center. These components are accessible and communicated to the authorities concerned regarding water temperature, pollution, the amount of fuel in the tankers, the operation of the equipment and a series of information relating to the ship. This eventually becomes a milestone for vehicle tracking and stolen vehicle recovery. Users can access this information using a mobile app or Internet tracking software to monitor their containers in real-time.
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Key Market Segments:
Key Market Player:
Technoton, AST MSL., Boat Command, Sentinel Marine solutions, Navis, Cybernetica, ki2 Infotech, Market Spectrum, Traxens, and Metocean.
- North America
- The U.S.
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
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Major Benefits of Marine Telematics Market:
- This study presents an analysis of Marine Telematics market analysis along with current trends and future estimates for depicting impending investment pockets.
- The overall market potential is determined by understanding the profitability trends for strong sales.
- The report presents the information related to the key drivers, restraints, and market opportunities through detailed impact analysis.
- The current Marine Telematics market size is analyzed by size, from 2019 to 2024.
- An analysis of Porter's five strengths illustrates the potential of buyers and suppliers in the marine telematics industry.
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Table of Content:
Chapter 2 Global Economic Impact on Marine Telematics Industry
Chapter 3 Global Marine Telematics Market Competition by Manufacturers
Chapter 4 Global Marine Telematics Production, Revenue (Value) by Region (2012-2018)
Chapter 5 Global Marine Telematics Supply (Production), Consumption, Export, Import by Regions (2012-2018)
Chapter 6 Global Marine Telematics Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Marine Telematics Market Analysis by Application
Chapter 8 Marine Telematics Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Marine Telematics Market Forecast (2018-2023)
Chapter 13 Appendix
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