PUBLISHER: 360iResearch | PRODUCT CODE: 1499574
PUBLISHER: 360iResearch | PRODUCT CODE: 1499574
[191 Pages Report] The Marine Onboard Communication & Control Systems Market size was estimated at USD 8.74 billion in 2023 and expected to reach USD 9.37 billion in 2024, at a CAGR 7.62% to reach USD 14.61 billion by 2030.
Marine onboard communication systems facilitates internal communication among crew members and external communication with other ships, ports, and maritime traffic control. Onboard communication systems encompass a range of technologies, including very high frequency (VHF) radios, satellite communications, and internet protocols designed to function optimally in the unique marine environment. Marine onboard control systems are sophisticated computer-based platforms that manage various operational aspects of a vessel. These systems oversee the engine controls, power distribution, ballast water management, and cargo handling. Expanding navy operations and marine trade activities and growing awareness about maritime safety among ship operators have propelled the demand for marine onboard communication and control systems. Rising defense budgets globally for upgrading naval communication and control capabilities influence the market positively. However, there are complexities involved in the integration of new control and communication systems with existing architecture. Additionally, the threat of data breaches and cyber-attacks and the chances of compromising privacy raise concerns about the reliability, accuracy, and safety of these systems. However, key players are investing in robust security features to protect against cyber threats. Furthermore, the integration of advanced AI/ML algorithms, data analytics technologies, and real-time monitoring capacities can expand the reach and adoption of these systems.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 8.74 billion |
Estimated Year [2024] | USD 9.37 billion |
Forecast Year [2030] | USD 14.61 billion |
CAGR (%) | 7.62% |
Regional Insights
The Americas region, particularly the U.S. and Canada, remains at the forefront of marine communication and control technology, emphasizing the need for advanced navigation and safety systems. The consumer needs in the U.S. are driven by regulatory compliance, the pursuit of efficiency, and the integration of several advanced digital technologies such as ML/AI and data analytics. The presence of robust technological and maritime architecture and government support for propelling advancements in marine communication has propelled the adoption of these systems. EU countries maintain a strong emphasis on maritime safety and efficiency. Regulatory requirements from the European Maritime Safety Agency (EMSA) and the adoption of the advanced satellite system have shaped purchasing behaviors towards systems that offer precision and interoperability within the EU. Research initiatives such as the Horizon Europe program provide funding opportunities for developing next-generation marine onboard communication and control technologies. Several government investments and initiatives to improve surveillance capabilities support the APAC region's need for marine onboard communication and control systems. The APAC region is becoming increasingly significant due to competitive manufacturing capabilities, growing maritime trade, and the emphasis on maritime domain awareness (MDA).
Market Insights
The market dynamics represent an ever-changing landscape of the Marine Onboard Communication & Control Systems Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Marine Onboard Communication & Control Systems Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Marine Onboard Communication & Control Systems Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Emerson Invests in Frugal Technologies
Emerson strategically invested in Frugal Technologies, a significant player in fuel optimization for the maritime industry based in Denmark. This collaboration enriches Emerson's robust portfolio in marine systems, notably in fuel management and propulsion control. Frugal Technologies' AI-driven cloud software is expected to lessen the fuel expenses comprising a significant portion (roughly 60%) of maritime operational costs. The collaboration is particularly timely as the International Maritime Organization targets a substantial decrease in the carbon footprint of international shipping by 2030 and 2050, advocating a sustainable transformation in the industry. [Published On: 2023-11-20]
Marlink and Intellian Technologies Sign New Five-Year Strategic Partnership Agreement
Intellian Technologies has solidified its strategic partnership with Marlink, a key player in network and digital solutions to forge advancements in marine, terrestrial, and defense communication systems, leveraging Intellian's innovation-driven multi-orbit, multi-band systems and Marlink's expertise in smart hybrid network solutions. The collaboration highlights Intellian's dedication to developing next-generation flat panel and parabolic user terminals, catering to a wide spectrum of industries, including maritime, land mobility, government, and defense. As they continue to work together, Intellian and Marlink are dedicated to enhancing their service offerings, ensuring flexibility and resilience in the ever-evolving satellite communications landscape. [Published On: 2023-11-14]
Kraken and L3Harris Collaborate for USSV Innovation
Kraken Technology Group is forming a strategic alliance with L3Harris Technologies to progress the integration of sophisticated control systems into its innovative K40 MANTA prototype. The partnership promises meticulous engineering and development of critical systems to enable seamless remote operations, including system testing, component development, and performance demonstrations. [Published On: 2023-11-01]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Marine Onboard Communication & Control Systems Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Marine Onboard Communication & Control Systems Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Airbus SE, Alphatron Marine B.V., Applied Satellite Technology Ltd., Cobham Limited, Emerson Electric Co., Furuno Electric Co., Ltd., Garmin Ltd., General Dynamics Corporation, Honeywell International Inc., Intellian Technologies, Inc., Iridium Communications Inc., Jotron AS, Kongsberg Gruppen, KVH Industries, Inc., L3Harris Technologies, Inc., Leidos Holdings, Inc., Leonardo S.p.A., Marlink SA, NavCom Team Marine Technology, Navico Group by Brunswick Corporation, Norsat International Inc. by Hytera Communications Co., Ltd., Northrop Grumman Corporation, Orbit Communications Systems Ltd., Rockwell Automation, Inc., Rohde & Schwarz GmbH & Co KG, RTX Corporation, SAAB AB, Schneider Electric SE, Teledyne Technologies Incorporated, Thales Group, Thuraya Telecommunications Company, Trelleborg AB, Viasat, Inc., Wartsila Oyj Abp, and Zenitel Group.
Market Segmentation & Coverage