Market Overview:
The global marine IoT market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for maritime transportation, rising concerns over safety and security, and growing adoption of IoT platforms. The marine IoT market can be segmented on the basis of type into sensing devices, network connectivity, IT solutions & services, and IoT platforms. The sensing devices segment is expected to account for the largest share of the global marine IoT market in 2018. This segment includes sensors such as acoustic sensors, magnetic sensors, optical sensors, pressure sensors etc., which are used for detecting various parameters such as temperature variations, water depth etc., in maritime vessels and ports. On the basis of application ,the global marine IOT market can be divided into asset tracking ,route & operation optimization ,and equipment monitoring . Asset tracking is expected to account for the largest share of this market in 2018 .This application helps track cargo or shipments being transported by sea-borne vessels or through inland waterways .Route & operation optimization helps optimize routes taken by ships based on factors such as weather conditions ,port congestion etc,. Equipment monitoring helps monitor performance and health status of various types of equipment installed on ships .
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Product Definition:
The Marine Internet of Things (IoT) is a term used to describe the use of IoT devices and sensors in maritime applications. The importance of Marine IoT lies in its ability to connect ships, boats, and other water-based transportation assets with each other and with land-based systems. This allows for the exchange of data between vessels and port authorities that can help improve safety, efficiency, and security operations.
Sensing Devices:
Sensing devices are used to measure physical parameters such as temperature, pressure, position and other factors that help in decision making process. They are extensively used in industries such as oil & gas and marine for the purpose of monitoring processes/activities.
The growth factor for marine IoT market is increasing adoption of smart sensors technology by shipping companies which can send real-time information about location and health of vessel toshore side systems or back office systems.
Network Connectivity:
Network connectivity is the technology that enables two devices to communicate with each other. It can be in the form of wired communication or wireless communication. The network connectivity module acts as a gateway between my vessel and internet, allowing me to access data from various applications installed on my smartphone about engine diagnostics, weather updates, fish catchment information and others through an application.
Application Insights:
The route and operation optimization segment dominated the global marine internet of things market in 2017. This can be attributed to the growing adoption of autonomous vessels across the shipping industry. The asset tracking application is expected to witness significant growth over the forecast period owing to its increasing use in tracking containers on ships, barges, and trucks.
The monitoring & control segment is projected to register a notable CAGR over the forecast period as a consequence of its rising adoption by ship owners for improving operational efficiency and safety at sea. Moreover, it allows real-time data transmission which helps operators monitor vessel operations more efficiently thereby driving demand over the coming years.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing adoption of IoT solutions. The region accounted for a revenue share of more than 35% in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to an increase in network connectivity, high penetration of smartphones, and rising demand for connected cars. Moreover, several government initiatives are encouraging industry players and other organizations operating in this spaceto develop innovative applications that can provide substantial benefits across various industries including healthcare & life sciences, manufacturing & supply chain management, transportation & logistics among others.
North America also accounted for a significant revenue share in 2017 owing to early technology adoption by some prominent oil field service companies such as Halliburton along with other major industry trends such as digital transformation within the oilfield services sector which has resulted into increased deployment of internet-enabled technologies across all business units including Engineering & Construction (EC), Oil Field Services (OS) and Refining (RC).
Growth Factors:
- Increased demand for data-driven insights and analytics to optimize operations and performance
- Proliferation of low-cost, high-bandwidth connectivity options (e.g., 5G)
- Emergence of new business models and value propositions enabled by IoT
- Growing number of maritime applications benefiting from IoT technology
- Advances in artificial intelligence (AI) and machine learning that can help unlock new value from data
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Internet Of Things (IoT) Market Research Report
By Type
Sensing Devices, Network Connectivity, IT Solutions & Services, IoT Platforms
By Application
Asset Tracking, Route & Operation Optimization, Equipment Monitoring
By Companies
Cisco Systems, NTT Group, Accenture Plc., Ericsson, Vodafone Group, Wartsila Oyj, Dualog AS, Wilhelmsen Holding
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Marine Internet Of Things (IoT) Market Report Segments:
The global Marine Internet Of Things (IoT) market is segmented on the basis of:
Types
Sensing Devices, Network Connectivity, IT Solutions & Services, IoT Platforms
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Asset Tracking, Route & Operation Optimization, Equipment Monitoring
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco Systems
- NTT Group
- Accenture Plc.
- Ericsson
- Vodafone Group
- Wartsila Oyj
- Dualog AS
- Wilhelmsen Holding
 Market Overview.svg)
Highlights of The Marine Internet Of Things (IoT) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Sensing Devices
- Network Connectivity
- IT Solutions & Services
- IoT Platforms
- By Application:
- Asset Tracking
- Route & Operation Optimization
- Equipment Monitoring
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Internet Of Things (IoT) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine Internet of Things (IoT) is a network of devices that are connected to the internet and can exchange data. IoT devices can be used for a variety of purposes, such as monitoring ship health, tracking cargo, and managing fleets.
Some of the key players operating in the marine internet of things (iot) market are Cisco Systems, NTT Group, Accenture Plc., Ericsson, Vodafone Group, Wartsila Oyj, Dualog AS, Wilhelmsen Holding.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Internet Of Things (IoT) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Internet Of Things (IoT) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Internet Of Things (IoT) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Internet Of Things (IoT) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Internet Of Things (IoT) Market Size & Forecast, 2018-2028
4.5.1 Marine Internet Of Things (IoT) Market Size and Y-o-Y Growth
4.5.2 Marine Internet Of Things (IoT) Market Absolute $ Opportunity
Chapter 5 Global Marine Internet Of Things (IoT) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Marine Internet Of Things (IoT) Market Size Forecast by Type
5.2.1 Sensing Devices
5.2.2 Network Connectivity
5.2.3 IT Solutions & Services
5.2.4 IoT Platforms
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Marine Internet Of Things (IoT) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Marine Internet Of Things (IoT) Market Size Forecast by Applications
6.2.1 Asset Tracking
6.2.2 Route & Operation Optimization
6.2.3 Equipment Monitoring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Internet Of Things (IoT) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Internet Of Things (IoT) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Marine Internet Of Things (IoT) Analysis and Forecast
9.1 Introduction
9.2 North America Marine Internet Of Things (IoT) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Marine Internet Of Things (IoT) Market Size Forecast by Type
9.6.1 Sensing Devices
9.6.2 Network Connectivity
9.6.3 IT Solutions & Services
9.6.4 IoT Platforms
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Marine Internet Of Things (IoT) Market Size Forecast by Applications
9.10.1 Asset Tracking
9.10.2 Route & Operation Optimization
9.10.3 Equipment Monitoring
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Marine Internet Of Things (IoT) Analysis and Forecast
10.1 Introduction
10.2 Europe Marine Internet Of Things (IoT) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Marine Internet Of Things (IoT) Market Size Forecast by Type
10.6.1 Sensing Devices
10.6.2 Network Connectivity
10.6.3 IT Solutions & Services
10.6.4 IoT Platforms
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Marine Internet Of Things (IoT) Market Size Forecast by Applications
10.10.1 Asset Tracking
10.10.2 Route & Operation Optimization
10.10.3 Equipment Monitoring
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Marine Internet Of Things (IoT) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Marine Internet Of Things (IoT) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Marine Internet Of Things (IoT) Market Size Forecast by Type
11.6.1 Sensing Devices
11.6.2 Network Connectivity
11.6.3 IT Solutions & Services
11.6.4 IoT Platforms
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Marine Internet Of Things (IoT) Market Size Forecast by Applications
11.10.1 Asset Tracking
11.10.2 Route & Operation Optimization
11.10.3 Equipment Monitoring
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Marine Internet Of Things (IoT) Analysis and Forecast
12.1 Introduction
12.2 Latin America Marine Internet Of Things (IoT) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Marine Internet Of Things (IoT) Market Size Forecast by Type
12.6.1 Sensing Devices
12.6.2 Network Connectivity
12.6.3 IT Solutions & Services
12.6.4 IoT Platforms
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Marine Internet Of Things (IoT) Market Size Forecast by Applications
12.10.1 Asset Tracking
12.10.2 Route & Operation Optimization
12.10.3 Equipment Monitoring
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Marine Internet Of Things (IoT) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Marine Internet Of Things (IoT) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Marine Internet Of Things (IoT) Market Size Forecast by Type
13.6.1 Sensing Devices
13.6.2 Network Connectivity
13.6.3 IT Solutions & Services
13.6.4 IoT Platforms
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Marine Internet Of Things (IoT) Market Size Forecast by Applications
13.10.1 Asset Tracking
13.10.2 Route & Operation Optimization
13.10.3 Equipment Monitoring
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Internet Of Things (IoT) Market: Competitive Dashboard
14.2 Global Marine Internet Of Things (IoT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cisco Systems
14.3.2 NTT Group
14.3.3 Accenture Plc.
14.3.4 Ericsson
14.3.5 Vodafone Group
14.3.6 Wartsila Oyj
14.3.7 Dualog AS
14.3.8 Wilhelmsen Holding
