The global marine telematics market size reached US$ 13.71 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.76 Million by 2028, exhibiting a growth rate (CAGR) of 20.60% during 2023-2028. More Info:- https://www.imarcgroup.com/marine-telematics-market

1. Global Marine
Telematics Market
Research and Forecast
Report 2023-2028
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
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are at the top of the company’s expertise.
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results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled " Marine Telematics
Market: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2023-2028," the global marine telematics market size reached US$
13.71 Million in 2022.
Marine telematics is an interdisciplinary f ield that merges telecommunications,
computer science, and vehicular technologies to provide real-time monitoring,
control, and data analytics for maritime operations. This specialized technology has
become an integral part of the maritime industry, aiming to enhance navigational
safety, operational efficiency, and compliance with environmental and regulatory
standards. One of its def ining characteristics is its real-time data transmission
capabilities, which range from basic GPS track ing to complex analytics for fuel
consumption and cargo status. This real-time functionality plays a crucial role in
facilitating quick and informed decision-making, thereby enhancing operational
efficiency across various maritime activities such as cargo shipping, fishing, and
cruising. Features of marine telematics are becoming increasingly sophisticated to
meet the industry's evolving needs. Basic navigation and track ing through Global
Positioning Systems (GPS) form the core offering, while more advanced systems
integrate machine-to-machine (M2M) communication for automated data-based
decision-mak ing. Additional features like real-time weather updates, route
optimization, and predictive maintenance are steadily becoming standard offerings
in advanced systems. Safety measures, such as collision avoidance systems and
emergency response mechanisms, are often incorporated, sometimes as mandated
by regulatory bodies. These features not only make marine operations more efficient
but also ensure a higher level of safety and compliance, thereby making marine
telematics an indispensable tool in modern maritime operations.
Request for a PDF sample of this report:
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4. Report Description
Global Marine Telematics Market Trends:
The increasing need for improved maritime connectivity and real-time vessel monitoring represent key factors
driving the market growth of global marine telematics. Moreover, businesses are progressively shifting toward
digitized maritime operations, thereby catalyzing the demand for efficient and reliable marine telematic systems.
Besides this, the strict implementation of safety, environmental, and quality standards is compelling companies to
adopt marine telematic systems that conform to these norms. This not only secures compliance but is also fueling
the market for more sophisticated solutions. This, along with favorable regulatory frameworks are acting as major
growth-inducing factors. In addition to this, innovations in technology and design are boosting the facilitating the
adoption of marine telematics solutions globally. In line with this, significant technological advancements, such as
real-time tracking, advanced data analytics, and machine-to-machine (M2M) communication, are enhancing the
functionality and efficiency of these systems. Furthermore, illustrious innovations and economies of scale are
rendering high-quality marine telematics systems more cost-effective. This financial viability is broadening the
adoption base across the maritime industry, thereby contributing further to the market growth. Other factors, such
as the growing emphasis on operational efficiency and cost optimization, are creating a positive outlook for the
market further across the globe.
Looking forward, the market value is projected to reach US$ 41.76 Million by 2028, expanding at a CAGR of
20.60% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/marine-telematics-market

5. Report
Segmentation
Component Insights:
• Hardware
• Software
• Service
o Safety and Security
o Information and Navigation
o Entertainment
o Diagnostics
Application Insights:
• Commercial
• Passenger Ships
• Defense

6. Report
Segmentation
Regional Insights:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

7. Competitive
Landscape with
Key Players
• Applied Satellite Technology Ltd
• Cybernetica AS
• Ki2 Infotech
• Metocean Telematics
• Navis (Accel-KKR)
• Sentinel Marine
• Technoton
• Traxens
• Verizon
• Viatrax Automation Corporation

8. Key Questions
Answered in
the Report
How big is the global marine telematics
market?
What is the expected growth rate of the global
marine telematics market during 2023-2028?
What are the key factors driving the global
marine telematics market?
What has been the impact of COVID-19 on the
global marine telematics market?
What is the breakup of the global marine
telematics market based on the component?
What is the breakup of the global marine
telematics market based on the application?
What are the key regions in the global marine
telematics market?
Who are the key players/companies in the
global marine telematics market?

9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Marine Telematics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 Sof tware
6.2.1 Market T rends
6.2.2 Market Forecast
6.3 Service
6.3.1 Mark et T rends
6.3.2 Key Segments
6.3.2.1 Saf ety and Security
6.3.2.2 Information and Navigation

10. Table of
Contents
6.3.2.3 Entertainment
6.3.2.4 Diagnostics
6.3.3 Mark et Forecast
7 Market Breakup by Application
7.1 Commercial
7.1.1 Market Trends
7.2.2 Mark et Forecast
7.2 Passenger Ships
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Def ense
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Mark et Trends
8.1.1.2 Mark et Forecast
8.1.2 Canada
8.1.2.1 Mark et Trends
8.1.2.2 Mark et Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Mark et Trends
8.2.1.2 Mark et Forecast
8.2.2 Japan
8.2.2.1 Mark et Trends
8.2.2.2 Mark et Forecast
For more information, visit :
https://www.imarcgroup.com/marine -telematics-market/toc

11. Disclaimer
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opinion have been based on information and sources believed to be accurate and reliable at
the time of publishing. International Market Analysis Research and Consulting makes no
representation of warranty of any kind as to the accuracy or completeness of any Information
provided. IMARC accepts no liability whatsoever for any loss or damage resulting from
opinion, errors or inaccuracies if any found this publication.
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