openPR Logo
Press release

Marine Telematics Market (impact of COVID-19) Growth, Overview with Detailed Analysis 2020-2026

07-30-2020 06:30 PM CET | Media & Telecommunications

Press release from: Allied Market Research

Marine Telematics Market

Marine Telematics Market

Allied Market Research published a report, titled, “Marine Telematics Market by Component [Hardware, Software, and Service (Safety & security, information & navigation, entertainment, and Diagnostics)] and Application (Commercial, Passenger, and Defense): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global marine telematics industry garnered $6.8 million in 2018, and is estimated to reach $30.0 million by 2026, growing at a CAGR of 21.3% from 2019 to 2026. The report also provides a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive landscape, and wavering market trends.

Inquire for 25 % discount on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/6073

Drivers, restraints and opportunities-
Improved ship monitoring and fuel management and increase in trend of connectivity solutions have boosted the growth of the global marine telematics market. However, high integration cost and lack of uninterrupted & seamless internet connectivity hampers the market. On the contrary, anticipated trend of automation in marine transportation and better driver and vessel safety are expected to create lucrative opportunities in the near future.

The hardware segment to lead the trail by 2026-
The hardware segment dominated the market in 2018, contributing more than half of the market. This is attributed to the latest development and supportive devices to technology & infrastructure that increased the investments in the telematics sector. However, the software segment is projected to register the fastest CAGR of 22.1% during the forecast period, owing rising adoption and growing innovation in software such as cloud storage, planned maintenance-based software, and software integration through SAT & GPRS communication, IoT, and AI.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6073

The commercial segment held the largest share in 2018-
The commercial segment held the lion’s share in 2018, accounting for more than three-fourths of the market, owing to rising number of ships and prominent & secure way of transportation of goods through commercial ships and rapid upgradation & development to introduce automation in commercial ships. However, the passenger segment is projected to manifest the fastest CAGR of 24.1% during the forecast period, owing to rising number of ships and prominent & secure way of transportation of goods through commercial ships.

Asia-Pacific, followed by Europe and North America, to rule the roost in terms of revenue-

The market across Asia-Pacific ruled the market in terms of revenue in 2018, contributing more than two-fifths of the market, owing to rising sale & productions of ships coupled with adoption of trending technologies and fastest pace toward automation. However, the market across Europe-followed by North America-is expected to portray the fastest CAGR of 22.7% during the forecast period, owing to adoption of autonomous technology in marine transport segment.

Leading market players-
Boat Command
Sentinel Marine solutions
Market Spectrum, Navis
Traxens, AST MSL
Cybernetica, ki2 Infotech
Metocean
Technoton

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/6073

Driving factors for the market
1 Enhance ship monitoring and fuel management
2 Rise in trend of connectivity solutions

Market Restraints and Opportunities:
1 High integration cost
2 Lack of uninterrupted & seamless internet connectivity
3 Anticipated trend of automation in marine transportation
4 Better driver and vessel safety

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Marine Telematics Market (impact of COVID-19) Growth, Overview with Detailed Analysis 2020-2026 here

News-ID: 2100113 • Views: 167

More Releases from Allied Market Research

Land Mobile Radio System Market 2020 - Indepth Industry Analysis and future mark …
The strong growth in the automotive industry and other manufacturing sectors encourage enterprises to adopt land mobile radio systems to increase operational productivity, and deliver high quality goods in lesser time. The global land mobile radio system market is driven by factors such as increasing awareness of efficient mission critical communication in the defense and emergency response sector. The land mobile radio systems are widely used in various industries such
ERP Software Market in Asia-Pacific 2020: Research Analysis, Strategies, Busines …
This is attributed to increased adoption of ERP among traditional end users such as manufacturing firms and retail companies, which have deployed ERP solutions. Moreover, developing industries, such as IT & telecom, education, and healthcare, have adopted ERP software for different business functions, such as HR, finance & accounting, and others, which has fueled the market growth in India. The Asia-Pacific ERP software market is segmented on the basis of
Vision Guided Robotics Market 2020: Growth, Demand, SWOT, ROI to 2023 | Pleora T …
A massive amount of investment in public and private sector in the R&D of robotics has enabled the development of new and advanced technologies in vision guided robotics. The demand for vision guided robotics is expected to increase due to increasing need for mechanization and safety and spiraling use of robotics technology across various industries. Furthermore, growing demand for premium quality of products has increased the adoption of vision guided
Cloud-based Enterprise Resource Planning Market 2020 - Top Impacting Factors Tha …
The cloud-based ERP market is in its growth phase and is expected to grow at a CAGR of 13.6% during the forecast period. Rapid adoption of cloud-deployments in SMEs across various countries, increase in need for operational efficiency and transparency among various industry verticals, and growth in focus of organizations toward advanced technological solutions to help them in key decision-making drive the growth of the global cloud-based ERP market. The software

All 5 Releases


More Releases for Marine

Agar Agar Manufacaturer - Marine Hydrocolloids
Agar Agar Food Grade (China Grass) Agar Agar is used as 100% vegetarian substitute for Gelatin (manufactured from animal bones and skin) in the food industry. The usage is fast gaining ground due to the worldwide shift for products of vegetable origin. Agar Agar has been used for many centuries as high performance gelling agent. Its ability to produce clear colourless, odourless, and natural gels without the support of other colloids has
Marine Navigation Systems Market Growth
In this report, we studies the present scenario (with the base year being 2017) and the growth prospects of global Marine Navigation Systems market for 2018-2023. Key Questions Answered in this report: What will the Marine Navigation Systems Market the growth rate be in 2023? What are the key factors driving the Global Marine Navigation Systems Market with a focus on the Global market? What are the key market trends in Marine Navigation Systems
Marine Diesel Engines Market
MaketStudyReport.com adds a New Marine Diesel Engines Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 5% CAGR to 2024. Marine Diesel Engines Market size is set to exceed USD 7 billion by 2024, according to a new research report. Growing demand for economic viable engines coupled with rise in seaborne trade will drive marine diesel engines market. According to United
Global Marine Grease Market 2017 - Chevron, Castrol, Lubmarine, BP Marine
Apex Market Reports, recently published a detailed market research study focused on the "Marine Grease Market" across the global, regional and country level. The report provides 360° analysis of "Marine Grease Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Marine Grease industry, and estimates the future trend of Marine Grease market
Marine Antifouling System Market 2017 - CMS Marine, ENWA Sandnes, Globus Benelux …
Apex Research, recently published a detailed market research study focused on the "Marine Antifouling System Market" across the global, regional and country level. The report provides 360° analysis of "Marine Antifouling System Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Marine Antifouling System industry, and estimates the future trend of Marine
Marine Weather App Saves Lives
Athens, London, New York, 03/12/2017