logo

Boat And Ship Telematics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Boat and ship telematics market has been segmented by application (defense, commercial, private), function (Navigation, communication, monitoring, data collection), component (hardware and software) and geography.

Home Industry Reports Automotive Boat And Ship Telematics Market - Growth, Trends, COVID-19 Impact, and Forecasts ...

Boat And Ship Telematics Market Snapshot

Boat And Ship Telematics Market
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: >20 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The boat and ship telematics market is expected to exhibit a growth rate of over 20% during the forecast period 2020-2025.

· With the rapid increase in international sea trade, new opportunities are not only arising for ship and vessel operators but also brings new challenges such as maintaining return on investment. Therefore, fleet management and logistic management is becoming really necessary to develop cost-effective supply chains. Telematics helps in collecting, analyzing and visualizing the data that is generated from various marine operations and owing to this factor, the boat and ship telematics market is on the rise.

· Safety and security concerns are on the rise due to an increase in valuable goods shipment, rise in ocean traffic, VIP transport, piracy activities, etc. as these can lead to a conscious and probabilistic hazard. The telematics systems have the ability to identify and mitigate the oncoming hazard and this factor is propelling the market growth.

· In order to curb the increase in cargo and human life losses, collision and other mishaps at sea caused by human error, companies such as Rolls Royce, etc. are working on remotely controlled autonomous ships that are expected to be in waters by 2025 and fully autonomous ships are expected to arrive by 2035. However, fully autonomous cargo and passenger ships are many years away, companies have started implementing telematics technology in ships for short travel applications. In December 2018, Rolls Royce and Finferries of Finland demonstrated the use of fully autonomous ferry ship Falco which performed automatic berthing using newly developed autonomous navigation system. This factor is expected to fuel the market growth for marine telematics Industry. 

Scope of the Report

The boat and ship telematics market covers the latest trends and technological development in the boat and ship telematics, demand for various segments f the market such as application, function and component types across geographies, along with the market shares of the major boat and ship telematics manufacturers and service providers across the world.

Application
Commercial
Private
Defense
Function
Navigation
Communication
Monitoring
Data Collection
Component
Hardware
Software
Geography
Asia Pacific
India
China
Japan
Rest of Asia Pacific
North America
United States Of America
Canada
Europe
France
United Kingdom
Germany
Russia
Spain
Rest of the World
Brazil
Argentina
UAE
Other Countries

Report scope can be customized per your requirements. Click here.

Key Market Trends

Container Telematics is on the rise

The shipping industry is currently facing an array of challenges such as the slow and unreliable movement of freight, inefficient utilization of ships, containers and other transport modes, slow and unpredictable economic growth, stringent trade and environmental regulations, etc. Due to the growth of the global e-commerce sector, supply chains have become complex and inefficiencies in each stage are causing added cost to the supplier. Factors such as unused container slots (nearly 10% of total sailing), unreliable scheduling, empty container transportation, etc. cost billions of dollars to the shipping industry. Shipping companies are now developing technologies such as the Internet of Things (IoT) to collect, analyze and visualize data that can increase the speed of freight transportation by predicting and avoiding the bottlenecks. Telematics helps in collecting real-time collection and visualization of data that would otherwise be lost or in fragmented form.

Container telematics is still at an initial stage and not as developed as automotive telematics but shipping companies are implementing it in order to reduce unnecessary cost. The refrigerated container segment is expected to be the largest to be equipped with tracker and telematics. Shipping industries are one of the main investors in IoT technologies and since container manufacturers are also moving into IoT space, containers with factory installed telematics systems can be expected in future. Major shipping bodies such as Container Owners Association and Digital Container Shipping Association has promoted cross functional relationship and initiated the development of standards for container telematics

Boat And Ship Telematics Market

Asia Pacific captures major share of the Industry

Asia Pacific has some of the fastest-growing economies in the world such as China, India, Bangladesh, Malaysia, South Korea, etc. China is the manufacturing hub and exports a large number of goods to the entire world. India is running initiatives such as Make In India which is promoting the local manufacturing by global companies. China’s assistance to Pakistan in the development of Gwadar Port and India’s assistance to Iran in the development of Chabahar port are instances of growing inter-regional necessity of sea trade and maritime defense. According to United Nations, nearly 70% of international trade by value (nearly 80% trade by volume) is done through the sea with almost 60% of this volume passes through Asia and South China sea carries nearly 33% of the international shipping trade. These factors are promoting the shipping industry growth in the region.

The conflict over the South China Sea has also led many regional nations to deploy high tech naval telematics on their patrol boats, coastal defense, and attack vessels. The increased defense spending has propelled the market for telematics in the region.

However, Asia Pacific reports the highest shipping loss in the world with 21 vessel losses in 2018. Between 2014 to 2018, shipping loss incidents increased by more than 18%. The major reason behind the losses is the increase in volume of shipping traffic. Owing to the aforementioned factor, the telematics market will grow in Asia Pacific during the forecast period.

Boat And Ship Telematics Market

Competitive Landscape

The Boat and Ship telematics market is a consolidated one with players such as Sentinel, Boat Command, Traxens, dominating the market.

In June 2019, Traxens partnered with advanced Tans Kontainer Solusindo (TKS) of Indonesia to equip its containers with tracking telematics.

Telematics is also gaining pace as transportations is now witnessing a combination of sea and air modes that can provide more than 25% of cost-saving.

Boat And Ship Telematics Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Commercial

      2. 5.1.2 Private

      3. 5.1.3 Defense

    2. 5.2 Function

      1. 5.2.1 Navigation

      2. 5.2.2 Communication

      3. 5.2.3 Monitoring

      4. 5.2.4 Data Collection

    3. 5.3 Component

      1. 5.3.1 Hardware

      2. 5.3.2 Software

    4. 5.4 Geography

      1. 5.4.1 Asia Pacific

        1. 5.4.1.1 India

        2. 5.4.1.2 China

        3. 5.4.1.3 Japan

        4. 5.4.1.4 Rest of Asia Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States Of America

        2. 5.4.2.2 Canada

      3. 5.4.3 Europe

        1. 5.4.3.1 France

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Germany

        4. 5.4.3.4 Russia

        5. 5.4.3.5 Spain

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 UAE

        4. 5.4.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Technoton

      2. 6.2.2 AST MSL

      3. 6.2.3 Sentinel Marine Solutions

      4. 6.2.4 Boat Command

      5. 6.2.5 Marine Solutionz

      6. 6.2.6 Cybernetica AS

      7. 6.2.7 Traxens SA

      8. 6.2.8 Navis Technologies

      9. 6.2.9 Metocean Solutions Limited

      10. 6.2.10 Market Spectrum Inc.

      3. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Boat And Ship Telematics Market market is studied from 2018 - 2026.

The Boat And Ship Telematics Market is growing at a CAGR of >20% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Technoton JV, AST MSL, Boatcommand, Sentinel Marine Solutions, Navis Technologies are the major companies operating in Boat And Ship Telematics Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!