Home > Automotive > Marine > Boat and Ship Telematics Market

Boat and Ship Telematics Market Share

Report ID: GMI11687
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Boat and Ship Telematics Market Share

Boat and Ship Telematics Market Company Share, 2023

Garmin Ltd., Kongsberg Maritime, and Wartsila collectively held a substantial market share of over 21% in the boat and ship telematics industry in 2023. Garmin Ltd. specializes in delivering high-quality GPS and navigation systems for marine vessels. They excel in user-friendly hardware and integrated software solutions. Their strong position in recreational boating provides a competitive edge, particularly in fleet tracking and personal yacht navigation, where ease of use and reliability are key differentiators.

Kongsberg Maritime and Wartsila lead the commercial marine sector with advanced telematics solutions. Both companies offer comprehensive systems that integrate fleet management, real-time monitoring, and predictive maintenance for large-scale shipping operations. Their strong focus on innovation and deep expertise in maritime technologies position them as top choices for large fleets and autonomous vessel development.

Boat and Ship Telematics Market Companies

Major players operating in the boat and ship telematics industry are:

Garmin Ltd.
ORBCOMM Inc.
Navico
Wartsila
Kongsberg Maritime
Inmarsat Global Limited
KVH Industries, Inc.
Flir Systems, Inc.
Iridium Communications Inc.
Weatherdock AG

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of boat and ship telematics reached USD 5.5 billion in 2023 and is set to grow at a CAGR of 9.1% between 2024 and 2032, driven by the rising global maritime trade and fleet expansion.

The hardware segment accounted for over 65% of the market share in 2023.

The satellite telematics segment held over 46% of the market share in 2023.

North America accounted for over 33% of the market share in 2023.

Key players dominating the industry: Garmin Ltd., ORBCOMM Inc., Navico, Wartsila, Kongsberg Maritime, Inmarsat Global Limited, KVH Industries, Inc., Flir Systems, Inc., Iridium Communications Inc., Weatherdock AG.