Marine Telematics Market Demand, Leading Global Companies, and Regional Average Pricing Analysis by 2026
Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Allied Analytics :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 lions 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 CommandSentinel Marine solutionsMarket Spectrum, NavisTraxens, AST MSLCybernetica, ki2 InfotechMetoceanTechnoton
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
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.
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at firstname.lastname@example.org.