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Marine Onboard Communication and Control Systems Market Trends

  • Report ID: GMI7923
  • Published Date: Jan 2024
  • Report Format: PDF

Marine Onboard Communication and Control Systems Market Trends

The integration of IoT in marine onboard communication and control systems is an emerging trend, where sensors and devices are interconnected, facilitating real-time data exchange between onboard systems. This connectivity enables seamless communication, allowing vessels to collect, analyze, and transmit data instantaneously, enabling enhanced monitoring, predictive maintenance, and operational efficiency. This trend not only improves the overall communication capabilities but also allows for more informed decision-making, better navigation, and optimized performance, aligning with the broader industry push toward smart & connected maritime solutions.

The maritime industry is witnessing increased adoption of automation and remote monitoring solutions, streamlining vessel operations. Automated systems reduce manual intervention, enhancing operational efficiency and minimizing the need for extensive manpower. This trend increases safety by minimizing human errors as well as aligns with the industry's pursuit of cost-effectiveness, sustainability, and a transition toward more technologically advanced & efficient maritime practices. For instance, in September 2023, CNS, a subsidiary of DP World, unveiled its new CNS Port Community System (PCS) aimed at future-proofing port technology. This system, launched in the UK, introduces advanced technology to enhance port operations, improve efficiency, and ensure compatibility with the evolving industry standards, positioning it as a pivotal solution for global port management.
 

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The market size for marine onboard communication and control systems was valued at USD 7.1 billion in 2023 and is estimated to register a CAGR of over 6.5% between 2024 and 2032, driven by the surge in global maritime trade and growing acceptance of smart fleet management system.

The communication system segment generated a market revenue of around USD 1.8 billion in 2023 and is anticipated to grow through 2032, owing to the rising demand for seamless data exchange.

Asia Pacific market for marine onboard communication and control systems held a revenue share of around 40% in 2023 and will grow during 2023-2032, due to a booming maritime sector.

ABB, Wartsila, Harris Corporation, ST Engineering, Honeywell International Inc., Sam Electronics GmbH, Kongsberg, RH Marine, Northrop Grumman Corporation and Raytheon Anschütz GmbH

Marine Onboard Communication and Control Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 421
  • Countries covered: 20
  • Pages: 307
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