Marine Communication Market Analysis, Size, Share, Growth Report, 2030

Marine Communication Market

Marine Communication Market :- By Application (Working Vessels, Recreational Vessels, Merchant Ships, Fishing Boats, And Others.), By Service (After-sales Support & Maintenance Services, Integration & Installation Services, And Consulting Services), And By Region: - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2023 - 2030

Category: Technology & Media Report Format : PDF Report Code: ZMR-6163 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 3,158.73 Million USD 5,103.67 Million 7.09% 2022

Description

According to the report published by Zion Market Research, the global Marine Communication Market size was valued at USD 3,158.73 Million in 2022 and is predicted to reach USD 5,103.67 Million by the end of 2030. The market is expected to grow with a CAGR of 7.09% during the forecast period.

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The report analyzes the global Marine Communication Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Marine Communication Industry.

Global Marine Communication Market: Overview

Marine communication helps in facilitating high-quality, reliable, and secure communication between the ships and shores. Moreover, marine communication plays a vital role in providing enhanced terrestrial communication networks for better operational agility.

Global Marine Communication Market: Growth Factors

Maritime telecommunication tools have emerged as standard equipment for short and long-term voyaging. Reliable and efficient communication is an indispensable element in marine transport including commercial fishing, mega recreational boating, or any other naval transportation. Marine communication was possible in the offshore areas with cellular services only and that too within a limited range. However, a satellite network communication system is now utilized to mitigate the communication issues and provide a competitive advantage over traditional and fragile land-based communications.

Initially, a satellite network was adopted for facilitating communication from ship to shore and to another vessel. But now the scope of satellite communication has widened and they are transformed from voice calls to advance additional data services like monitoring devices, tracking, and entertainment. However, these equipment diversify due to the growing applications like weather forecasting, voice calls, disaster management, DTH broadcasting, and several other navigational services.

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Router, antenna, transceiver, transmitter, receiver, and satellite phones are some of the important communication equipment installed in marine vessels. However, it is also used in meteorological monitoring and air & marine navigation. The growing technological advancements in the field of marine communication system are boosting the growth of the global marine communication market significantly. The constant research and development activities are transforming the whole setup into a minimal system by reducing the size of the antenna along with boosting the rate of data transfer to eliminate the time lag issues.

Such emerging scenarios are likely to positively shape the trajectory of the global marine communication market during the forecast period. Marine communication is highly adopted in naval defense forces to assist in aerial monitoring, navigational requirement, and sending & receiving distress calls. The emergence of the 5G network in marine communication has significantly boosted the growth of the global marine communication market due to the enhanced cybersecurity and robust connectivity facilitated by it. Moreover, the growing support from the government to strengthen the marine communication network all across the globe will significantly propel the growth of the global marine communication market during the forecast period.

Global Marine Communication Market Report Scope:

Report Attributes Report Details
Report Name Marine Communication Market
Market Size in 2023 USD 3,158.73 Million
Market Forecast in 2030 USD 5,103.67 Million
Compound Annual Growth Rate CAGR of 7.09%
Number of Pages 230
Forecast Units Value (USD Million), and Volume (Units)
Key Companies Covered Matsutec, HZH Marine Group Co. Ltd., Avatec Marine, Bochi Corporation, Intellian Technologies, Jotron, Navico, Cobham SATCOM, FLIR Systems Inc., Garmin Ltd., Furuno Electric Co. Ltd., Inmarsat, Icom Inc.
Segments Covered By Application, By Service, By Source,And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Marine Communication Market: Segmentation

The global marine communication market can be segmented into application, service, product, and region.

By application, the market can be segmented into working vessels, recreational vessels, merchant ships, fishing boats, and others.

By service, the market can be segmented into after-sales support & maintenance services, integration & installation services, and consulting services.

By product, the market can be segmented into maritime sat phone & internet devices, VHF data exchange system, marine radar, vessel monitoring system terminals, automatic identification system, marine multifunction displays, and marine radio devices. The marine radio devices segment accounts for the largest share in the global marine communication market due to the high adoption rate of recreational boating services all across the globe.

Global Marine Communication Market: Regional analysis

North America accounts for the largest share in the global marine communication market owing to the continuous development and advancements made in the field of satellite communication. Moreover, the growing demand for enriched content from passengers, crew, and seafarers to facilitate effective marine communication is boosting the growth of the regional market.

Asia Pacific is expected to foresee huge growth during the forecast period due to the growing support from the government for developing advanced marine communication in the region.

Global Marine Communication Market: Competitive Players

Some of the significant players in the global marine communication market are: 

  • Matsutec
  • HZH Marine Group Co. Ltd.
  • Avatec Marine
  • Bochi Corporation
  • Intellian Technologies
  • Jotron
  • Navico
  • Cobham SATCOM
  • FLIR Systems Inc.
  • Garmin Ltd.
  • Furuno Electric Co. Ltd.
  • Inmarsat
  • Icom Inc.

Global Marine Communication Market: Regional Segment Analysis

By Application: 

  • Working Vessels
  • Recreational Vessels
  • Merchant Ships
  • Fishing Boats
  • Others

By Service: 

  • After-sales Support 
  • Maintenance Services
  • Integration & Installation Services
  • And Consulting Services

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Maritime telecommunication tools have emerged as standard equipment for short and long-term voyaging. Reliable and efficient communication is an indispensable element in marine transport including commercial fishing, mega recreational boating, or any other naval transportation. Marine communication was possible in the offshore areas with cellular services only and that too within a limited range.

Some of the significant players in the global marine communication market are Matsutec, HZH Marine Group Co., Ltd., Avatec Marine, Bochi Corporation, Intellian Technologies, Jotron, Navico, Cobham SATCOM, FLIR Systems, Inc., Garmin Ltd., Furuno Electric Co., Ltd., Inmarsat, and Icom Inc.

North America accounts for the largest share in the global marine communication market owing to the continuous development and advancements made in the field of satellite communication. Moreover, the growing demand for enriched content from passengers, crew, and seafarers to facilitate effective marine communication is boosting the growth of the regional market.

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