Home > Aerospace & Defense > Aviation Technology > Satellite Vessel Tracking Market

Satellite Vessel Tracking Market Trends

Report ID: GMI12241
Published Date: Nov 2024
Report Format: PDF

Download Free Sample

Satellite Vessel Tracking Market Trends

The maritime industry is integrating artificial intelligence (AI) and machine learning (ML) into satellite tracking solutions to enhance operational efficiency and safety. These technologies analyze vessel data, predict traffic patterns, and identify potential risks. AI-powered algorithms provide predictive maintenance insights, reducing operational disruptions.

For instance, In October 2024, Mitsubishi Heavy Industries introduced AIRIS (Artificial Intelligence Retraining in Space), a satellite technology designed to track illegal vessels, also known as the "dark fleet." AIRIS combines an Earth-observation camera with an AI-powered data processor to detect vessels not using the automatic identification system (AIS). This technology differs from traditional satellite systems by processing images on board and transmitting only essential information, rather than sending large volumes of data for analysis. This approach enhances data management efficiency and enables more effective maritime monitoring and response to illegal activities at sea.

A significant trend in the satellite tracking market is the expansion of coverage to remote and underserved maritime coastal regions, including the Arctic, deep ocean, and remote islands. For instance, In October 2024, incidents of vessels running aground highlighted risks in shallow coastal waters. To address this, Denver-based TCarta Marine introduced a solution using Earth observation satellites to provide accurate water depth measurements in near-shore areas, improving navigation safety. With increasing global trade and environmental monitoring requirements, reliable tracking and communication in these isolated areas is becoming crucial.

New satellite constellations, such as low Earth orbit (LEO) networks, are well-suited for providing global connectivity in hard-to-reach areas. These developments improve tracking capabilities and enable real-time monitoring of environmental factors like pollution, illegal fishing, and maritime accidents. Enhanced vessel tracking in remote regions strengthens global supply chain security and supports compliance with international maritime regulations and environmental standards.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for satellite vessel tracking was valued at USD 145.6 million in 2024 and is projected to reach USD 659.7 million by 2034, driven by a CAGR of 16.5% from 2025 to 2034.

The 10-100kg satellite mass segment accounted for 64.4% of the market share in 2024, driven by the cost-effectiveness and rapid deployment capabilities of smallsats or microsatellites.

North America market held a 34.5% share in 2024, driven by significant investments in satellite technology for maritime security, trade, and environmental monitoring.

Major players in the industry include Addvalue Technologies, Blue Sky Network, Globalstar, Inc., Ground Control Technologies UK Ltd, Iridium Communications Inc., Kleos Space, Kongsberg, and KVH Industries, Inc.

The market size for pressed powder tablets in North America reached USD 2.4 billion in 2023 and is estimated to grow at a 5.1% CAGR from 2024 to 2032, driven by the growing demand for convenience.

The synthetic segment held 71.4% of the total market share in 2023 and is poised to expand at a 5.1% CAGR through 2032, attributed to its cost-effectiveness, efficiency, and stability.

The U.S. market accounted for 73.8% of the total revenue share in 2023 and is anticipated to witness a 5.2% CAGR till 2032, led by high consumer demand for convenience and strong environmental awareness.

The key players in the industry include Blueland, Church & Dwight, Clorox, Colgate-Palmolive, EfferSan, Green Klean, Henkel, KIK Consumer Products, Miel Tabs, Procter & Gamble, Reckitt Benckiser, S.C. Johnson, Seventh Generation, Unilever, and Zep.