Market Overview:
The global ship indicators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vessels, cargo vessels, and naval vessels across the globe. Additionally, the increasing demand for fishing vessels and scientific research ships is also contributing to the growth of this market. Based on type, the global ship indicators market can be segmented into analog display type and digital display type. The analog display type segment is expected to hold a larger share of this market in 2018 owing to its low cost and easy installation as compared to digital display type segments.
Product Definition:
Ship Indicators are the lights and other features that indicate a ship's status. These can include things like the direction of the vessel, its speed, and whether it is in danger. Ship indicators are important for safety reasons, as they allow sailors to quickly assess a ship's condition and take appropriate action if necessary.
Analog Display Type:
Analog display type is a way to represent information in the form of continuous physical quantities. It has its origin in the traditional mechanical systems and uses common electrical techniques to create an interface with modern digital technology. The most important characteristic of this system is that it provides a continuous output as compared to other systems which provide only two values (on/off) for each parameter.
Analog systems are used because they are easier to understand, cheaper,.
Digital Display Type:
Digital display type is used in ship indicators for indicating the status of various systems and operations of a vessel. It consists of two types, namely analog and digital. Analog display indicates the value using continuous, discrete or gradual changes whereas digital displays indicate values as either on or off with 0 or 1 accuracy levels using binary numbers.
The global market size was valued at USD 2,708 million in 2015.
Application Insights:
The market is segmented by application into passenger vessels, cargo vessels, naval vessels, fishing Vessels and scientific research ships. The cargo vessel segment held the largest share of over 40% in 2017. Growing demand for containerized cargoes across the globe has been a major factor driving this growth. Moreover, growing trade between countries with different time zones increases the need for accurate navigation tools on board ship to manage operations more efficiently. This has resulted in an increased demand for global ship indicators from shipping companies operating containerships across various regions around the world.
Passenger vessel segments are expected to witness significant growth over the forecast period owing to increasing cruise tourism activities across various regions including Asia Pacific and Europe coupled with rising disposable income levels among consumers in these regions.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing maritime trade activities across various countries in this region. The growing fishing industry in this region has led to an increase in the number of fishing vessels, thereby driving the demand for ship indicators. Moreover, rising investments by governments and other organizations for developing marine transportation infrastructure are expected to drive product demand over the coming years.
North America accounted for a major share of revenue generation owing to well-established manufacturing base of navigation systems and related products such as compasses, radar systems, electronic charts etc., which are used on ships. Furthermore, stringent regulations laid down by IMO regarding operational efficiency and safety of crew members while operating ships is further expected boost product sales within North America region.
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been growing at a CAGR of around 4% in the past decade and is expected to grow further in the coming years, driven by factors such as globalization, rising middle-class incomes, and rapid urbanization. This will result in increasing demand for ship indicators.
- Proliferation of digital technologies: Ship indicators are increasingly becoming digitized with the advent of new technologies such as big data, cloud computing, Internet of Things (IoT), etc. This is resulting in increased efficiency and transparency in the shipping industry and is likely to drive growth of the ship indicators market over the next few years.
- Stringent regulations governing shipping industry: Governments across different countries are implementing stringent regulations governing various aspects of maritime transportation such as safety, environment protection, etc., In order to comply with these regulations companies are increasingly investing in ship indicator systems and this is driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ship Indicators Market Research Report
By Type
Analog Display Type, Digital Display Type
By Application
Passenger Vessels, Cargo Vessels, Naval Vessels, Fishing Vessels, Scientific Research Ships, Other
By Companies
King Gage, Alphatron Marine, SCM Sistemas, JOWA, TILSE Industrie, Gems Sensors, Scan-Steering, Kwant Controls, Raytheon Anschutz, Marinelec, King Gage, Scana Mar-El, Kobelt, Prime Mover Controls, Musasino
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Ship Indicators Market Report Segments:
The global Ship Indicators market is segmented on the basis of:
Types
Analog Display Type, Digital Display Type
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
Passenger Vessels, Cargo Vessels, Naval Vessels, Fishing Vessels, Scientific Research Ships, Other
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:
- King Gage
- Alphatron Marine
- SCM Sistemas
- JOWA
- TILSE Industrie
- Gems Sensors
- Scan-Steering
- Kwant Controls
- Raytheon Anschutz
- Marinelec
- King Gage
- Scana Mar-El
- Kobelt
- Prime Mover Controls
- Musasino
Highlights of The Ship Indicators 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:
- Analog Display Type
- Digital Display Type
- By Application:
- Passenger Vessels
- Cargo Vessels
- Naval Vessels
- Fishing Vessels
- Scientific Research Ships
- Other
- 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 Ship Indicators 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.
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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?
Ship indicators are a type of navigation aid that indicate the position and course of a ship. They may consist of one or more lights, markings on the deck, or an electronic system.
Some of the key players operating in the ship indicators market are King Gage, Alphatron Marine, SCM Sistemas, JOWA, TILSE Industrie, Gems Sensors, Scan-Steering, Kwant Controls, Raytheon Anschutz, Marinelec, King Gage, Scana Mar-El, Kobelt, Prime Mover Controls, Musasino.
The ship indicators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ship Indicators 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 Ship Indicators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ship Indicators 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 Ship Indicators 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 Ship Indicators Market Size & Forecast, 2020-2028
4.5.1 Ship Indicators Market Size and Y-o-Y Growth
4.5.2 Ship Indicators Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Analog Display Type
5.2.2 Digital Display Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vessels
6.2.2 Cargo Vessels
6.2.3 Naval Vessels
6.2.4 Fishing Vessels
6.2.5 Scientific Research Ships
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ship Indicators 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 Ship Indicators 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Analog Display Type
9.6.2 Digital Display Type
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 Market Size Forecast by Applications
9.10.1 Passenger Vessels
9.10.2 Cargo Vessels
9.10.3 Naval Vessels
9.10.4 Fishing Vessels
9.10.5 Scientific Research Ships
9.10.6 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Analog Display Type
10.6.2 Digital Display Type
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 Market Size Forecast by Applications
10.10.1 Passenger Vessels
10.10.2 Cargo Vessels
10.10.3 Naval Vessels
10.10.4 Fishing Vessels
10.10.5 Scientific Research Ships
10.10.6 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Analog Display Type
11.6.2 Digital Display Type
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 Market Size Forecast by Applications
11.10.1 Passenger Vessels
11.10.2 Cargo Vessels
11.10.3 Naval Vessels
11.10.4 Fishing Vessels
11.10.5 Scientific Research Ships
11.10.6 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Analog Display Type
12.6.2 Digital Display Type
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 Market Size Forecast by Applications
12.10.1 Passenger Vessels
12.10.2 Cargo Vessels
12.10.3 Naval Vessels
12.10.4 Fishing Vessels
12.10.5 Scientific Research Ships
12.10.6 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Analog Display Type
13.6.2 Digital Display Type
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) Market Size Forecast by Applications
13.10.1 Passenger Vessels
13.10.2 Cargo Vessels
13.10.3 Naval Vessels
13.10.4 Fishing Vessels
13.10.5 Scientific Research Ships
13.10.6 Other
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 Ship Indicators Market: Competitive Dashboard
14.2 Global Ship Indicators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 King Gage
14.3.2 Alphatron Marine
14.3.3 SCM Sistemas
14.3.4 JOWA
14.3.5 TILSE Industrie
14.3.6 Gems Sensors
14.3.7 Scan-Steering
14.3.8 Kwant Controls
14.3.9 Raytheon Anschutz
14.3.10 Marinelec
14.3.11 King Gage
14.3.12 Scana Mar-El
14.3.13 Kobelt
14.3.14 Prime Mover Controls
14.3.15 Musasino
