1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > Navigation Systems Market Trends
Maritime Real-Time Positioning System Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Technology, Application, and Vessel Type

Maritime Real-Time Positioning System Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Component, Technology, Application, and Vessel Type

  • October 2020
  • 205 pages
  • ID: 5988376
  • Format: PDF
  • The Insight Partners
Up to $1700 off Until Sep 30th 2021

Summary

Table of Contents

Search Inside

In terms of revenue, the global maritime real-time positioning system market was valued at US$ 158.2 million in 2019 and is projected to reach US$ 1,395.6 million by 2027; it is expected to grow at a CAGR of 31.8% during the forecast period.

The continuous technological advancements have drastically improved the ways of tracking and monitoring the vessels in the last few years.The developing satellite services have facilitated ship tracking in all the countries that ensure the safety of vessels from different unseen threats.

By using advanced technologies-such as RFID, GPS, WiFi, and Bluetooth-for navigating and monitoring, the vessel owners and marine agencies can prevent illegal activities from taking place in waters.The use of advanced solutions assists large vessel owners to get real-time information about vessels.

The oceanographers and mariners are using GPS data for conducting an underwater survey, navigational hazard location & mapping, and buoy placement. The vessels, such as fishing, cargo, passenger ships & ferries, use GPS technology to accurately track fish migrations, fishing locations, and ensure complete adherence of regulations set for using real-time tracking solutions.

The advent of the newer and advanced technologies in the maritime industry is creating new growth avenues for the market .Integration of AIS, weather, and cargo data; and digital twins which create a twin of the vessel and help in simulating all the performance indications are some of the upcoming developments.

In addition, the next-generation voyage management systems are some other factors projected to develop new growth avenues in the industry.

The maritime real-time positioning system market has been segmented based on component, technology, application, vessel type, and geography.Based on application, the maritime real-time positioning system market is segmented into fleet management, inventory and asset management, and crew tracking.

In terms of vessel type, the maritime real-time positioning system market is segmented into fishing vessels, cargo vessels, service vessels, passenger ships and ferries, and others.Based on component, the maritime real-time positioning system market is segmented into hardware, software, and services.

In terms of technology, the market is categorized into RFID, GPS, and others. In terms of geography, the maritime real-time positioning system market is segmented into North America, Europe, Asia Pacific, the Middle East &Africa, and South America.

The well-established maritime real-time positioning system market players include DIMEQ AS, Envision Enterprise Solutions America Inc., Favendo GmbH, Intrasys (Pte.) Ltd., Martek Marine, MER Group, Orbcomm Inc., Shipcom Wireless Inc., Vector Infotech Pte Ltd., and Zebra Technologies Corporation.

Impact of COVID-19 Pandemic on Maritime Real-Time Positioning System market
The COVID-19 outbreak began in Wuhan, China, in December 2019, and since then, it has spread at a fast pace around the globe.The tremendous growth in the spread of the virus has urged governments across the globe to impose strict restrictions on the movement of humans and vehicles.

The COVID-19 has spread significantly across APAC and North America.Europe and SAM regions are also hit hard.

The regions have significant numbers of market players.The ICT and transportation industries are adversely affected due to COVID-19, and since the start of 2020, these industries have been reflecting declining trend.

With the imposition of lockdown across countries in North America, Europe, and Asia, the industries have been witnessing declining trend. The fisheries industry requires a significant number of human labor. Since the COVID-19 virus is spreading through human involvement, the sector is unable to function properly. Compared to that of 2017, the vessel activities were reduced by over 69% during the lockdown, the fishing activities were reduced by 84%, and the passenger traffic by 78%.

The global maritime real-time positioning system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market .

The process also serves the purpose of obtaining overview and forecast for the maritime real-time positioning system market with respect to all the segments.It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions-North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the maritime real-time positioning system market .

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

$4500

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Dynamic Positioning Systems Market by Equipment type, Application, End use, Type, Sub-system And Region - Global Forecast to 2026

  • $ 4950
  • May 2021
  • 217 pages

The dynamic positioning system market is projected to grow from USD 6.3 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 10.7% between 2021 and 2026 period. The increase in seaborne trade across ...

  • APAC
  • World
  • Navigation Systems
  • Industry analysis
  • Vessel Fleet
  • Greenhouse Gas Emissions

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on