The global marine telematics market size is estimated to grow at a CAGR of 14.10% during 2025-2034. The market is being aided by the robust growth of the maritime sector and increasing focus on ensuring the safety and security of vessels.
Key Trends in the Market
Maritime telematics solutions play a crucial role in the shipping industry as they record information about a vessel and further send, process, and store the data through telecommunication. The technology is also used to monitor and control ships.
Marine telematics solutions are used in several applications, including shipping, boating, recreational fishing, and commercial fishing, among others. They share crucial information such as the level of fuel in tankers, water temperature, equipment functioning, pollutants, and other ship-related information in real-time to the concerned authorities.
- The global marine telematics market growth is primarily driven by the robust growth of the maritime sector and the need for better operational efficiency. This is boosting the adoption of marine telematics to provide real-time data and ensure compliance with guidelines and regulations determined by international organisations.
- An increase in globalisation and rising maritime trade are also positively impacting the marine telematics market demand. The use of maritime telematics helps ensure the safe movement of these ships loaded with commodities as it protects them from theft and piracy.
- Marine telematics is used to detect and respond to emergencies, which helps to ensure the safety and security of the vessel and its crew. It also monitors the onboard systems and equipment and reports any ill contingency that might occur in the future.
In the forecast period, the deployment of this technology is expected to surge due to the increasing demand for real-time visibility of vessels among stakeholders and the growing focus on optimising route planning to reduce operational costs of ships.
Marine Telematics Market Segmentation
Breakup by Component:
Breakup by Application:
- Passenger
- Commercial
- Defence
Breakup by Service:
- Diagnostics
- Safety and Security
- Information and Navigation
- Entertainment
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global marine telematics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Edge Telematics
Edge Telematics deals in telematics related to the marine and aviation industries. It provides critical real-time vessel monitoring, ocean buoy tracking, and AIS data service for merchant fleets and commercial fishing boats travelling international waters. The company also offers a wide range of products, including EDGE 360 camera and sensor, Edge dashcam, Edge Alcolock, and others.
MetOcean Telematics
MetOcean Telematics is a global telemetry leader offering innovative voice, data, and web-based solutions. It provides complete end-to-end telematics services, with a focus on custom defence and security products. The company deals in different divisions, including satellite communications, the internet of things, environment, defence, and security.
Technoton
Technoton was established in 2000 as a developer of automotive telematics and GPS tracking systems. It manufactures and develops GPS tracking devices, fuel level sensors, and fuel flow meters. Its products include DOT-E which is a fuel level sensor, and DFM which is a fuel and liquid flowmeter.
Other key marine telematics market players include Omnitracs LLC, Riverside Mfg, LLC., Ki2 Infotech, Boat Command, and Sentinel d.o.o., among others.