Global marine onboard communication and control systems market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2024-2031). The marine onboard communication and control systems market is experiencing growth driven by the increasing seaborne trade and an increase in marine fleet size. The demand for different kinds of marine vessels is on the rise due to the growing volume of seaborne trade.The expansion of global trade mandates a higher capacity for goods transportation via ships. Therefore, there is a huge demand of new bulk carriers, cargo ships, container ships, and oil& gas tankers and the modernization of old ships with the latest technologies. Currently for navigation enhanced communication, and engine safety and efficiency, new vessels are being integrated with automation identification systems propulsion control systems, and integrated drift systems bridge systems.Further specialized vessels are required for offshore activities such as renewable energy setup installation and oil gas exploration. This has expanded the demand for fleets that cater to these industries and contributed to the total increase in the marine fluid size fleet size other vessels such as offshore support vessels high tech research vessels and lng carriers are also required in large numbers which further propels the market.
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According to the United Nations Conference on Trade and Development maritime trade recovered by 4.3% in 2021 and growth is expected to continue between 2022 and 2026. The demand for new ships such as cargo ships, bulk carriers, oil and gas tankers, and container ships, and the revamping of existing shapes with the latest technologies are also expected to grow with increasing trade volumes. New vessels are being equipped with advanced systems such as integrated bridge system automation identification system (AIS), and propulsion control systems for improved communication, navigation and engine safety and efficiency.Consequently, novel technological models are being used to replace fleets’ older and less technologically sophisticated ships.
Market Coverage
- The market number available for – 2023-203
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Type
o By Vessel Type
o By Platform
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Wartsila, Northrop Grumman Corporation ABB, Kongsberg, among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Marine Onboard Communication and Control Systems Market Report Segment
By Type
- Communication systems
- Control systems
- Navigation system
- Monitory &Surveillance system
- Entertainment &Crew Welfare system
By Vessel Type
- Commercial Vessels
- Offshore Support Vessels (OSVs)
- Naval Vessels
- Cruise Ships &Ferries
- Fishing Vessels
- Yachts &Pleasure Craft
By Platform
- Commercial
- Defense
By End-User
- OEM
- Aftermarket
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Marine Onboard Communication and Control Systems Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cobham LimitedLtd.
- Emerson Electric Co.
- Furuno Electric Co. Ltd.
- Garmin Ltd.
- Harris Corp.
- Honeywell International Inc.
- Mackay Communications, Inc.
- Marine Technology LLC
- Moxa Inc.
- Raytheon Anschutz GmbH
- RH Marine
- Sam Electronics GmbH
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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