Title: Marine Telematics Market is Projected to Reach $29.95 million by 2026
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2Marine Telematics Market
Marine Telematics Market by Component Hardware,
Software, and Service (Safety security,
information navigation, entertainment, and
Diagnostics) and Application (Commercial,
Passenger, and Defense) Global Opportunity
Analysis and Industry Forecast, 20192026
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3Marine Telematics Market
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. By application type, the
commercial segment was the highest revenue
contributor in 2018, accounting for 5.3 million,
and is estimated to reach 23.0 million by 2026,
registering a CAGR of 20.9 during the forecast
period. In 2018, the Asia-Pacific region was
anticipated to account for the major Marine
telematics market share. Marine telematics
systems have a core function of recording
information about vessels and send, process, and
store the data through telecommunication devices
to improve operations. This technology is also
used to control and monitor ships. The marine
telematics solutions are used in businesses such
as boating, shipping, recreational fishing, and
commercial fishing industries.
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4Marine Telematics Market
- Key Benefits for Marine Telematics Market
- This study presents analytical depiction of the
marine telematics market analysis along with the
current trends and future estimations to depict
the imminent investment pockets. - The overall market potential is determined to
understand the profitable trends to gain a
stronger foothold. - The report presents information related to key
drivers, restraints, and opportunities of the
market with a detailed impact analysis. - The current marine telematics market size is
quantitatively analyzed from 2018 to 2026 to
benchmark the financial competency. - Porters five forces analysis illustrates the
potency of the buyers and suppliers in the marine
telematics industry.
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5Marine Telematics Market
- Major Companies
- Technoton
- AST MSL.
- Boat Command
- Sentinel Marine solutions
- Navis
- Cybernetica
- ki2 Infotech
- Market Spectrum
- Traxens
- Metocean
COVID-19 impact
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