Market Overview:
The Global Shipboard Monitoring System Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for harbor monitoring, facility monitoring, illegal trafficking, and other applications across the globe. Additionally, factors such as rising maritime trade and globalization are also contributing significantly to the market growth. However, lack of awareness about shipboard monitoring systems among end-users is restraining the market growth. The global shipboard monitoring system market can be segmented on the basis of type into short range, medium range, and long range systems. The short-range segment is projected to hold a major share in terms of revenue in 2018 owing to its low installation cost and easy operability.
Product Definition:
A shipboard monitoring system (SMS) is a computer-based system used to collect, process and display data collected from sensors and other sources on board a vessel. The purpose of an SMS is to provide the crew with information needed to operate the ship safely and efficiently.
Short Range:
Short range is a wireless technology used for communication within shipboard monitoring systems. It provides benefits such as cost-effectiveness and ease of installation. The short-range communication market is expected to witness significant growth over the forecast period owing to its increasing application in shipboard operations, including propulsion control, safety critical operations, environmental monitoring system (EMS), and security & law enforcement on board vessels.
Medium Range:
The global medium range and it's usage in shipboard monitoring system market size was valued at USD 6.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its increasing demand for safety, security, & environmental applications. Medium range communication (MR/LMR) systems are used for ship-to-shore communications that operate between 30 meters and 3 kilometers on land or sea surfaces.
Application Insights:
The global market is segmented by application into harbor monitoring, facility monitoring, illegal trafficking and others. The harbor monitoring segment dominated the overall market in terms of revenue share in 2017. Harbor monitors are used to collect data on a vessel¢â‚¬â„¢s location at all times and provide real-time information to authorities about the vessel¢â‚¬â„¢s movement so that they can take preventive measures against illegal activities such as drug smuggling or human trafficking at sea.
Facility Monitoring is anticipated to be the fastest-growing segment over the forecast period owing to its increasing use for detecting criminal activities taking place on board ships or ashore at ports where there may be sensitive military equipment or materials being stored.
Regional Analysis:
Asia Pacific dominated the global shipboard monitoring system market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing port activities in China, India, Singapore, Thailand and Vietnam. Moreover, rising concerns related to security at sea are projected to drive demand for these systems across this region.
The Asia Pacific regional market accounted for a share of more than 30% in 2016 owing to high port activity levels coupled with stringent regulations by various regulatory bodies such as IMO and EPA regarding pollution caused by ships at sea.
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been increasing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, thereby driving the demand for shipboard monitoring systems.
- Proliferation of containerization: Containerization has revolutionized maritime transportation by making it faster, more efficient, and cost-effective. This is likely to drive the demand for shipboard monitoring systems in the coming years.
- Stringent safety regulations: Governments across the world are implementing stringent safety regulations for maritime transportation due to its growing importance as a mode of transport. This is likely to drive the demand for shipboard monitoring systems in the coming years.
- Development of advanced technologies: The development of advanced technologies such as satellite-based tracking and communication systems is helping improve efficiency and safety in maritime transportation, which is likely to boost demand for shipboard monitoring systems in the coming years. 5) Growing awareness about benefits of using shipboard monitoring system: There is growing awareness among shipping companies about benefits such as improved efficiency, reduced fuel costs, etc., offered by using a Shipborne Monitoring System (SMS), which is expected to result in an increase in its adoption over
Scope Of The Report
Report Attributes
Report Details
Report Title
Shipboard Monitoring System Market Research Report
By Type
Short Range, Medium Range, Long Range
By Application
Harbor Monitoring, Facility Monitoring, Illegal Trafficking, Others
By Companies
AST Group, CMR Group, Emerson Electric Co., General Electric, Hyundai Heavy Industries Co., Kongsberg, Marlink, Northrop Grumman, Wartsila, Boeing
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Shipboard Monitoring System Market Report Segments:
The global Shipboard Monitoring System market is segmented on the basis of:
Types
Short Range, Medium Range, Long Range
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
Harbor Monitoring, Facility Monitoring, Illegal Trafficking, Others
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:
- AST Group
- CMR Group
- Emerson Electric Co.
- General Electric
- Hyundai Heavy Industries Co.
- Kongsberg
- Marlink
- Northrop Grumman
- Wartsila
- Boeing
Highlights of The Shipboard Monitoring System 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:
- Short Range
- Medium Range
- Long Range
- By Application:
- Harbor Monitoring
- Facility Monitoring
- Illegal Trafficking
- Others
- 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 Shipboard Monitoring System 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?
Shipboard monitoring system is a suite of sensors and equipment that monitors the environmental conditions on board ships. These sensors include temperature, pressure, humidity, air quality and water quality.
Some of the major players in the shipboard monitoring system market are AST Group, CMR Group, Emerson Electric Co., General Electric, Hyundai Heavy Industries Co., Kongsberg, Marlink, Northrop Grumman, Wartsila, Boeing.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shipboard Monitoring System 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 Shipboard Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shipboard Monitoring System 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 Shipboard Monitoring System 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 Shipboard Monitoring System Market Size & Forecast, 2020-2028
4.5.1 Shipboard Monitoring System Market Size and Y-o-Y Growth
4.5.2 Shipboard Monitoring System 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 Short Range
5.2.2 Medium Range
5.2.3 Long Range
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 Harbor Monitoring
6.2.2 Facility Monitoring
6.2.3 Illegal Trafficking
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shipboard Monitoring System 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 Shipboard Monitoring System 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 Short Range
9.6.2 Medium Range
9.6.3 Long Range
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 Harbor Monitoring
9.10.2 Facility Monitoring
9.10.3 Illegal Trafficking
9.10.4 Others
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 Short Range
10.6.2 Medium Range
10.6.3 Long Range
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 Harbor Monitoring
10.10.2 Facility Monitoring
10.10.3 Illegal Trafficking
10.10.4 Others
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 Short Range
11.6.2 Medium Range
11.6.3 Long Range
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 Harbor Monitoring
11.10.2 Facility Monitoring
11.10.3 Illegal Trafficking
11.10.4 Others
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 Short Range
12.6.2 Medium Range
12.6.3 Long Range
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 Harbor Monitoring
12.10.2 Facility Monitoring
12.10.3 Illegal Trafficking
12.10.4 Others
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 Short Range
13.6.2 Medium Range
13.6.3 Long Range
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 Harbor Monitoring
13.10.2 Facility Monitoring
13.10.3 Illegal Trafficking
13.10.4 Others
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 Shipboard Monitoring System Market: Competitive Dashboard
14.2 Global Shipboard Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AST Group
14.3.2 CMR Group
14.3.3 Emerson Electric Co.
14.3.4 General Electric
14.3.5 Hyundai Heavy Industries Co.
14.3.6 Kongsberg
14.3.7 Marlink
14.3.8 Northrop Grumman
14.3.9 Wartsila
14.3.10 Boeing
