Marine Telematics Market to Witness Rising Demand by 2019-2026 | Technoton, AST MSL., Boat Command

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The global marine telematics market was valued at $6.80 million in 2018, and is projected to reach $29.95 million by 2026, registering a CAGR of 21.3% from 2019 to 2026.

According to Allied Market Research, the global marine telematics market is anticipated to register a significant CAGR of 2020 to 2027. Rise in the drift toward ship tracking & monitoring, increase in inclination for advanced fuel management, and surge in the bent for connectivity solution are major factors driving the growth of the market. Also, integration of automation in marine transportation and upsurge in the call for vessel safety & security has supplemented the growth in more than one way.

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In a nutshell, the marine telematics system can be defined as a software or hardware implement that gets mounted into a craft or ship. A modem or a SIM card is tapped into play and that’s the way the intended communication is facilitated on a cellular network. Telematics technology tends to procure data like a ship’s acceleration sensor, pace, momentum and its GPS location that is later trialed at the data hub. These modules and units, in turn, give a real-time updates such as gadgetry performance, level of contaminants, pitch of fuel in tankers, and a number of other craft related information to the respective authorities. To conclude, it can be asserted that the global marine telematics market has already gained huge tow in the marine industry and in the next few years to come, it’s anticipated to puff up yet more.

Marine telematics systems come with an essential function of documenting relevant information about ships or crafts and drive and process the same through telecommunication devices to perk up operations to the next level. The high-end system is also used to keep an eye on the movement of ships.

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Now, the question arises, how exactly a ship or craft can use telematics system. Telematics solutions can be incorporated with the prevailing systems to allow a plethora of use cases for crafts of all sizes.

• Vessel positions can be trailed using a fusion of GPS satellites and cloud computing. A GPS receiver happens to boot up information from GPS space capsules and develops it for use with approaches such as GPS nautics system. It also passes on that information via GPRS to the web servers used by personnel working from back office.

• Ship maintenance and craft lifecycle management can be highly enhanced and upgraded by using marine telematics technology. It aids in keeping a proper tab on covenant recovery, trailing service records, and tracking engine performance. This way, craft managers can minimize expenses and keep vessels in safe steering condition by matching up to standards like engine diagnostics, oxygen sensor issues, valve breakdowns, and many more.

• Insurance ventures, on the other hand, can take recourse to telematics to keep a check on the sailor behavior, enabling them to more precisely control risk factors and manage insurance premiums accordingly.

Telematics methods are almost transforming not only the shipping industry, but also sectors like offshore, boating, recreational & commercial fishing etc. Offshore and marine telematics take in the use of short-wave data communication structures which arrange for emergency support & assistance, system surveillance, internet access, vessel stakeout, and others. Generally, these systems entail a user’s edge, a satellite aerial, and a communication string or loop with the craft’s electronic knots. This technology can actually be important to the user, as it doles out a satellite joint to the outer world when other communications might fail.

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The systems offer emergency alerts, full & comprehensive messages, including facts & figures of GPS position and other vital strictures, between the vessel and the concerned maritime rescue coordination edge. This data is aimed at helping the rescue agencies with locating a craft and responding properly in the course of an emergency. Vessel Monitoring System (VMS) services are also provided by companies to monitor and track commercial fishing crafts. With this effective system on board, the activities and position of a fishing vessel, via e-mail, GPS, and two-way communication system, are perfectly reported to the respective team.

In the last few years, a number of organizations from the boating industry have taken recourse to marine telematics. Some of them have seemed to incorporate GPS technology with electronic delineation and mobile transmission to manage and deal with essential boat data from docks, land or sea. Mounted in boats they have come by huge acclaim from eminent boat manufacturers and proprietors alike. They provide a plethora of services that indulge an overall boat safety and a cutting-edge emergency messaging set-up that can identify a distrait boat’s location offshore. At the same time, the boat owners can also be notified and cautioned to potential problems such as low power or water incursion when they are away from their boats. Moreover, boat owners can also take instant help of law enforcement agencies in hunting down and recuperating the stolen vessels.

Contact Info:
Name: David Correa
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Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 1-800-792-5285

Release ID: 89030423

Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States