Press release
Naval Tracking Systems Market to See High Growth in Upcoming Year by 2023-2030
Naval Tracking Systems Market
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/naval-tracking-systems-market-103545
Segmentation:
Our analysts have segregated the market for naval tracking systems on the basis of type, communication technology, systems, vessel types, applications, and geography. By type, it is bifurcated into wireless and wired. In terms of communication technology, it is divided into dual mode, GPS/satellite, and cellular. Based on systems, it is categorized into synthetic-aperture radar, long range identification & tracking, automated identification system, and others. In terms of vessel types, it is segmented into heavy commercial vehicle, light commercial vehicle, and passenger vehicle. Lastly, by applications, it is classified into emergency services, mining, oil & gas, construction, and transportation & logistics.
Report Coverage:
The research report provides a detailed assessment of multiple customers' journeys pertinent to segments and the market. It helps our clients to get a complete picture of their fears and pain points across several customer touchpoints. At the same time, it offers projections and estimations. It equips businesses to frame excellent strategic frameworks. Lastly, it sheds light on numerous answers and aspects associated with the market.
Drivers & Restraints:
Increasing Demand to Enhance Safety of Vehicles will Favor Growth
The rising demand for state-of-the-art naval tracking systems to enhance the safety of vehicles is likely to propel growth. Besides, developing economies, such as India and China are showcasing high demand for these systems because of the rising investment by governments to strengthen their naval forces. In addition to this, naval tracking systems are being integrated in advanced solutions, such as electro-optical tracking systems, which, in turn, would open doors to new opportunities. However, complexities associated with the operation of these systems may hinder the naval tracking systems market growth in the near future.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/naval-tracking-systems-market-103545
Regional Insights:
Expansion of Shipbuilding Industry to Bolster Growth in Asia Pacific
Asia Pacific: The region is anticipated to earn the largest naval tracking systems market share in the upcoming years. The expansion of the shipbuilding industry in China and South Korea is set to augment regional growth. The United Nations Conference on Trade and Development (UNCTAD), for instance, mentioned in its 2018 report that both countries account for around 78% of the global shipbuilding industry. Also, the surging demand for naval vessels will spur growth of the market for naval tracking systems.
Europe: It would showcase considerable growth throughout the forthcoming years because of the presence of numerous naval tracking system providers in France and the U.K.
Competitive Landscape:
Key Players Aim to Intensify Competition by Signing New Contracts with Other Firms
The market for naval tracking systems is fragmented with the presence of a large number of big, small, and medium-sized companies. Most of them are focusing on signing new contracts with government organizations to deliver their in-house products.
Below are the two latest industry developments:
January 2021: General Atomics Aeronautical Systems successfully conducted a demo of its MQ-9 SeaGuardian unmanned air vehicle (UAV). It tracked a small submersible target by utilizing 3 sonobuoys. This demo will help the company to develop anti-submarine warfare capabilities.
February 2020: Ultra and the U.K. Ministry of Defense signed a new contract to support the electro-optical tracking system. It will be used in the U.K. Royal Navy's type 45 Destroyer for delivering advanced sensor technology.
A list of renowned naval tracking system manufacturers operating in the global market:
ATrack Technology Inc. (Taiwan)
CalAmp Corporation (The U.S.)
Cartrack Pty Ltd. ( South Africa)
Garmin Ltd. (The U.S.)
Geotab Inc. (Canada)
Laird PLC (The U.K.)
ORBCOMM Inc. (The U.S.)
Starcom Systems Ltd. (The U.S.)
TomTom International B.V. (Netherland)
Verizon Communications (The U.S.)
Other key market players
Contact us for Customization in the Report:
https://www.fortunebusinessinsights.com/enquiry/customization/naval-tracking-systems-market-103545
Contact Us:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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 Naval Tracking Systems Market to See High Growth in Upcoming Year by 2023-2030 here
News-ID: 3030173 • Views: …
More Releases from Fortune Business Insights Pvt Ltd
Commercial Drone Market Size, Share, Industry Development, Growth & Trends by 20 …
The global commercial drone market size was valued at USD 8.77 billion in 2022. The market is projected to grow from USD 10.98 billion in 2023 to USD 54.81 billion by 2030, exhibiting a CAGR of 25.82% during the forecast period. A drone, also known as an unmanned aerial vehicle, is a flying device, equipped with a camera and sensor. Different industries are investing in drone technology and trying to…
Aircraft Engine Market Latest Key Drivers and Future Demand Forecast by 2029
According to a recent report by Fortune Business Insights, the global Aircraft Engine Market is expected to reach a size of USD 112.61 billion by 2028, growing at a CAGR of 10.87% during the forecast period 2021-2028. The report offers a thorough analysis of the market size, regional landscape, revenue forecasts, and upcoming challenges in the market. It also provides current statistics and future predictions, aiming to evaluate growth prospects,…
Space Mining Market the Development Strategies Adopted by Major Key Players And …
The increasing investments by mining companies is expected to foster healthy growth of the market during the forecast period, sates Fortune Business Insights in a report, titled "Space Mining Market Size, Share & Industry Analysis, By Phase (Spacecraft Design, Launch, Operation), By Asteroid type (Type C, Type S, Type M, Others), By Application (Construction, Resource Harvesting, 3D Printing, Others) and Regional Forecast, 2023-2030." The growing number of government initiatives for…
Radar Level Transmitter Market Size, Gross Margin, Trends, Future Demand, Analys …
The higher level of accuracy, reliability, and stability offered by radar level transmitters is expected to fuel the demand of the market during the forecast period, states Fortune Business Insights, in a report, titled "Radar Level Transmitter Market Size, Share & Industry Analysis, By Technology (Contact, Noncontact), By Frequency Range (C and X Band, W Band, K Band), By Application (Liquids, slurries, and interfaces, Solids), By Industry (Oil & Gas,…
More Releases for Naval
Global Warship And Naval Vessels Market Size by Application, Type, and Geography …
According to Market Research Intellect, the global Warship And Naval Vessels market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The warship and naval vessels market is experiencing significant growth due to increasing geopolitical tensions, rising…
Naval Electronic Warfare Market Size Analysis by Application, Type, and Region: …
According to Market Research Intellect, the global Naval Electronic Warfare market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The market for naval electronic warfare is expanding rapidly as a result of growing maritime security risks and…
Naval Vessels MRO Market Is Increasing Focus On Keeping Naval Fleets Combat-Read …
The global naval vessels mro market size is expected to be valued at US$ 58.6 billion in 2022 and growing at a CAGR of 2.4% over the forecast period due to increasing focus on keeping naval fleets combat-ready across the globe. The growing need for the maintenance, repair and overhaul of the current naval vessel fleet worldwide, owing to the maritime conflicts, would lead to an increase in the demand…
Naval Vessels and Surface Combatants Market Share, Size, Revenue | Naval Vessels …
Global Naval Vessels and Surface Combatants Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global Naval Vessels and Surface Combatants Market research report provides a point-by-pointIn-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market…
Naval Vessels and Surface Combatants Market May See a Big Move | Huntington Inga …
The Latest research study released by HTF MI “Global Naval Vessels and Surface Combatants Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered…
Warship and Naval Vessels Market Key Trends Analysis- Mazagon Docks Limited, Rel …
Global Warship and Naval Vessels Market 2021 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.
The naval vessels and warships are key components of nations defense and naval force and are designed and manufactured to carry crew, ammunitions, some essentials supply for the crew members and all the essential weapons…
