Marine Onboard Communication and Control Systems Market Size
Marine Onboard Communication and Control Systems Market size was USD 7.1 billion in 2023 and is projected to grow at a CAGR of more than 6.5% from 2024 to 2032.
The market is expected to grow with the rise of global maritime trade and the development of the smart fleet management system. The growing demand for effective communication and control solutions comes from the necessity to optimize & manage navigation, propulsion, and other onboard operations. This is promoting the use of integrated advanced systems to address the needs of a dynamic and growing maritime market.
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In 2023, Liberia had the world’s largest fleet of ships at sea, at 378.98 million, according to the United Nations Conference on Trade and Development (UNCTAD). Panama and Marshall Islands had fleets worth 365.68 million and 299,80 million, respectively.
The rising developments in satellite communications are fueling business expansion. Improved satellite technologies ensure high-speed & reliable connectivity, enabling smooth data transfer, real-time tracking, and enhanced operational efficiency. For example, in April 2023, the College of Design and Engineering (NUS) at the National University of Singapore and Satellite Technology and Research Center (STAR) in Singapore jointly created the Lumelite-4 microsatellite using NUS’ modular satellite bus system and STAR’s experimental satellite-based communication hardware. This joint venture sought to innovate a high-performance VHF Data Exchange System (VDES) for improved maritime communications.
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Report Attribute Details
Base Year 2023
Marine Onboard Communication and Control Systems Market Size in 2023\tUSD 7.1 Billion
Forecast Period\t2024 to 2032
Forecast Period 2024 to 2032 CAGR\t6.5%
2032 Value Projection\tUSD 12.9 Billion
Historical Data for\t2018 – 2023
No. of Pages\t307
Tables, Charts & Figures\t421
Segments covered\tComponent, Type, Vessel Type, Application, End User
Growth Drivers\t
Growing focus on maritime safety and security
Technological progress in communication systems
Growing global trade and shipping operations
Increasing demand for connectivity and crew welfare
Pitfalls & Challenges\t
High Initial Implementation Costs
System integration complexity
The sea onboard communication and control systems business is confronted by a major issue as a result of the high initial expenses for adopting advanced technology. Shipowners are met with high initial investments when they buy and install highly advanced communication and control systems. These expenses entail not just purchasing the latest gear but also installation complexities and even retrofitting. The cost acts as a deterrent to some players from embracing such systems, making it difficult for the industry to embrace new onboard communication and control technologies.
Marine Onboard Communication and Control Systems Market Trends
Envision ships as sea-faring data centers, with sensors and equipment conversing among themselves. Such real-time exchange of data keeps an eye on the well-being of the ship, much like a medical checkup on the open seas. The staff are able to identify problems before they arise into emergencies, so safer travel and fewer hours spent on repairs. Ship tech’s other big change-maker is automation. Automation is like imagining robots doing boring repetitive tasks, such as navigating and monitoring equipment. It leaves the staff free to do more important tasks, reducing the risk of mistakes and getting the entire ship to function more efficiently. It’s like having a robot co-pilot who never gets tired! Plus, these smart ships contribute to cleaner oceans and seas. By optimizing performance and reducing fuel consumption, they help preserve our precious ocean ecosystem. Just recently, a company called CNS launched a super-advanced system called PCS. It’s like a digital brain for ports, helping them connect and stay efficient. This is the future of port management, where technology keeps everything shipshape!
Marine Onboard Communication and Control Systems Market Analysis
Discover more about the salient segments influencing this market
On the basis of type, the market is segmented into communication system, navigation system, control system, monitoring & surveillance system, and entertainment & crew welfare system. The communication system segment accounted for a market revenue of approximately USD 1.8 billion and is expected to increase during the forecast period due to the increasing demand for error-free data exchange. Sophisticated communication technologies such as satellite communication and high-speed data networks are becoming central to real-time sharing of information. The sector’s requirement of higher connectivity, better vessel-to-shore communication, and optimal coordination among onboard systems is fueling segment growth. This ultimately provides more secure navigation, improved control in operation, and increased responsiveness within the maritime industry.
According to end user, the market has been segmented into OEM and aftermarket. The OEM segment had a market share of 61.8% in 2023 and is likely to grow in the future as a result of growing demand for integrated and high-technology systems from original equipment manufacturers. As shipbuilders focus on integrating advanced communication and control technologies into newbuilds, the OEM segment is a key area for providing smooth, cutting-edge solutions, enabling improved vessel capabilities, operational efficiency, and adherence to the changing maritime standards.
Marine Onboard Communication and Control Systems Market Share
In the marine onboard communication and control systems market, two giants are prominentWartsila and Kongsberg. Combined, they dominate more than 9% of the market. They’re not resting on their laurels, however. They’re always innovating at the edge of technology, forging alliances, and establishing a presence worldwide. Other market leaders, such as satellite communications behemoths, long-time maritime players, and high-quality system integrators, are equally busy. They’re collaborating to establish the benchmarks and develop leading-edge solutions that keep the maritime sector ahead of the curve. These firms recognize that vessels must be efficient, safe, and current, so they’re creating systems that enable it to occur. In order to remain at the forefront of the industry, these companies are collaborating strongly with scientists and authorities. They’re updating continuously and are keen on sustainability, ensuring that the marine communication and command systems they produce are industry-leading.
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Marine Onboard Communication and Control Systems Market Companies
Major players operating in the marine onboard communication and control systems industry are
- ABB
- Harris Corporation
- Honeywell International Inc.
- Kongsberg
- Northrop Grumman Corporation
- Raytheon Anschutz GmbH
- RH Marine
- Sam Electronics GmbH
- ST Engineering
- Wartsila