Global Marine Telematics Market 2016 – 2024: Industry Size, Share, Growth, Trends and Forecast
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Latest Research Report Marine Telematics Market - Global Industry
Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024
provides information on pricing, market analysis, shares, forecast,
and company profiles for key industry participants. -
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Marine
Telematics Market: Overview
Telematics
technology is an integration of wireless telecommunication
technologies with computers. Such technology is used to obtain and
convey information over vast networks to improve the functionality of
running businesses with governments. Telematic systems are equipped
with the components such as global positioning satellite (GPS)
systems and sensors for a variety of applications. These components
accesses and communicates the updated facts such as water
temperature, pollutants, level of fuel in the tanker, equipment
functioning and several ship related information to the concerned
authorities. Hence, such telematic systems not only ensure safety of
the marine operators but also guarantee proper functioning of the
marine equipment.
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The
data about the status and location of voyaging boats and ships is
very vital for agencies, tourists, and merchants to track such boats
and ships in real time. Such requirements have led to emergence of
marine telematics market. The marine based telematics technology help
such merchants, tourists, and agencies to track and monitor the
location of the voyaging ships by providing real time information.
Marine
Telematics Market: Drivers and Restraints
The
drivers of marine telematics market development are the benefits
attached with using of such technology in marine industry. The marine
transport owners can retrieve location related information about
their transport offshore and monitor their movement suitably. The
telematics technology provides onboard data access to the helmsman
about the status of the ship or boat offshore. The knowledge about
the functional aspect of nautical equipment obtained using telematic
systems can be used by the original equipment manufacturers (OEM) and
dealers to provide improved services to the boat and ship owners. The
intervening factor to such technology market development is the
vulnerability of the telematic devices to virus attacks causing
tampering of certain features.
The
growing demand for specialized ships and boats to ensure efficient
offshore operations has resulted in increasing utilization of
telematic technology in marine industry. Hence, the marine telematics
market is expected to experience a significant development in the
coming future.
Marine
Telematics Market: Regional Insight
The
North American market for such marine based technology is projected a
high growth in the forecasted period. Especially, in Gulf of Mexico,
the increasing offshore oil and gas exploration and production
activities may tend to contribute to such market development. The
continued economic depression in Europe is likely to cause gradual
progress of marine telematics market over there. Such market is
assumed a rapid evolution in Asia Pacific as it is the largest
commodity trading hub in the world. In particular, China and India,
being the rapidly expanding economies, are estimated to offer future
growth to the marine industry.
Thus,
the marine telematics market is also anticipated a boost in the years
to come. In rest of the world, Middle East is growing as a dynamic
marine hub for shipping, shipbuilding and repairing, and offshore
activities. The marine telematics market is likely to benefit as a
result of such developments in the marine industry of Middle East.
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The
marine telematics market is segmented based upon the end-users of
marine sector. The passenger ships and boats require telematic
systems to track and monitor their location in the middle of the sea.
The marine transports meant for offshore oil and gas exploration
activities need highly sophisticated marine based telematic devices
to obtain information of the water temperature, water pollution, air
pollution, location of offshore drilling sites among many others.
Such technology is also used in ships meant for military department.
The
key players in the marine telematics market include Airbiquity Inc.,
Agero Inc., Connexis LLC, Verizon Telematics Inc., WirelessCar AB,
Cybernetica AS, ki2 Infotech, Market Spectrum, Inc., and Navis, among
others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
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research report serves as a repository of analysis and information
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The
study is a source of reliable data on:
Key
market segments and sub-segments
Evolving
market trends and dynamics
Changing
supply and demand scenarios
Quantifying
market opportunities through market sizing and market forecasting
Tracking
current trends/opportunities/challenges
Competitive
insights
Opportunity
mapping in terms of technological breakthroughs
The
regional analysis covers:
North
America (U.S. and Canada)
Latin
America (Mexico, Brazil, Peru, Chile, and others)
Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries,
Belgium, Netherlands, Luxembourg)
Eastern
Europe (Poland, Russia)
Asia
Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle
East and Africa (GCC, Southern Africa, North Africa)
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