Marine Onboard Communication and Control Systems Market

[220 Pages Report] The Marine Onboard Communication and Control Systems Market size is projected to grow from USD 8.6 billion in 2023 to USD 12.3 billion by 2028, at a CAGR of 7.3%. The need for advanced technology based marine communication and control solutions rises. The demand for enhanced navigation, secure communication and operational efficiency rises globally in the maritime industry. Government across the globe are modernizing their navies by investing in the development of Marine Onboard Communication and Control Systems solutions for secure communication and enhanced maritime operations.

Marine Onboard Communication and Control Systems Markett Forecast to 2028

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Market Dynamics

Driver: Rise in marine fleet size

The demand for various marine vessels is increasing continually due to the rise in marine seaborne trade and the expansion of various marine activities. The volume of goods traded by sea globally has witnessed a gradual increase in recent years. According to the United Nations Conference on Trade and Development, maritime trade recovered by 4.3% in 2021 and growth is expected to continue between 2022 and 2026. The demand for new ships, such as cargo ships, bulk carriers, oil & gas tankers, and container ships, and, the revamping of existing ships with the latest technologies are also expected to grow with increasing trade volumes. New vessels are being equipped with advanced systems such as the integrated bridge system, automation identification system (AIS), and propulsion control systems for improved communication, navigation, and engine safety and efficiency.

Restraints: High cost of marine onboard communication and control systems

The marine onboard communication and control systems encompass various systems and components. Marine vessels need to be equipped with advanced communication infrastructure to ensure seamless connectivity for real-time data exchange, navigation, and operational control. The digitalization and upgradation of marine onboard systems require a high investment by ship operators and manufacturers. The cost of these systems also increases due to their complex integration onboard vessels. The high cost of marine onboard communication and control systems can make it difficult for shipping companies to justify the investment, especially when the potential return on investment (ROI) is uncertain or may take several years to materialize. For example, the cost of a communication system is very high due to the presence of several components like radios, receivers, and transceivers. A VSAT communication antenna system can also cost around USD 60,000. The high cost of communication hardware is one of the major restraints for small shipping manufacturing companies.

Opportunities: Evolving connectivity solutions in the maritime industry

The evolving connectivity solutions like 5G, satellite constellations, and low Earth orbit satellites raise the development of modern marine onboard communication systems. Marine vessels can now maintain connectivity even in remote areas through advanced satellite communication systems, high-speed internet, and IoT (Internet of Things) technologies. The integration of smart sensors and monitoring devices within maritime communication systems enhances control and navigation capabilities. These sensors provide crucial data on engine performance, fuel consumption, and weather conditions. The evolving connectivity solutions provide the ability to gather, analyze, and act upon the data in real-time, allowing predictive maintenance, early fault detection, and improved overall operational efficiency. The evolving connectivity enables continuous communication for vessels to receive real-time weather updates, navigational warnings, and emergency alerts. This enhances situational awareness for both onboard crew and onshore support teams, mitigating potential risks and ensuring a proactive response to adverse conditions.

Challenges: Retrofitting of marine onboard communication and control systems

Retrofitting involves integrating modern systems into older ships that were not initially designed to integrate such technologies. This process is complex and presents several challenges that need to be addressed. One primary challenge of retrofitting marine onboard communication and control systems is the integration with legacy infrastructure. Older vessels may have outdated wiring, control interfaces, and communication protocols that are incompatible with the requirements of modern systems. Adapting these legacy components to a seamless interface with communication technologies can be a labor-intensive and difficult task due to extensive modifications in the existing infrastructure. Retrofitting requires considering the impact on a vessel’s overall stability and safety. The addition of new equipment and modifications to existing structures may affect the ship’s weight distribution and center of gravity. Retrofit projects often require a high investment in terms of both time and resources which becomes a vital challenge to integrate marine onboard communication and control systems.

Marine Onboard Communication and Control Systems Market Ecosystem

Companies that design and manufacture Marine Onboard Communication and Control Systems solutions, include government firms and industries as key stakeholders in Marine Onboard Communication and Control Systems Market. Investors, funders, academic researchers, integrators, service providers, and licensing authorities are the major influencers in this market. Prominent companies in this market include Emerson Electric Co. (US),  Wartsila (Finland), Kongsberg (Norway), ABB (Switzerland) and Northrop Grumman Corporation (US).

Based on the type, the communication Systems segment is estimated to grow at the highest rate during the forecast period.

Based on the type, the Communication Systems are estimated to grow at the highest rate. There is increasing demand for communication systems for enhanced connectivity, navigation, and safety requirements to drive the adoption of advanced marine navigation and communication systems. Communication systems are essential for maintaining safety, navigation, coordination, and operational efficiency at sea. Effective communication is vital in the maritime industry to ensure safe navigation, coordinate ship operations, respond to emergencies, and maintain contact between vessels and shore-based authorities. Governments, defense forces, and commercial entities worldwide invest in these systems to ensure efficient and secure maritime operations.

Based on the platform, the Commercial is anticipated to dominate the market.

Based on the platform, the commercial holds the largest market share. Commercial marine vessels are widely used across the globe for various seaborne trades and tourism. Commercial marine vessels include Passengers vessels such as Yachts, Ferries and Cruise Ships; Cargo Vessels such as Container vessels, Bulk Carrier, Tankers, Gas tankers, dry cargo ships and barges; and Other ships such as Specialized vessels, offshore vessels and research vessels. Integration of smart technologies, satellite communication, and real-time monitoring optimizes vessel performance, ensuring compliance with evolving regulatory standards for various marine vessels driving the market growth for the commercial segment.

Based on End User, the OEM is anticipated to dominate the market.

Based on the end user, the OEM holds the largest market share. OEMs are responsible for designing and manufacturing specific components or systems such as propulsion systems, navigation equipment, communication systems, and automation solutions. OEMs produce original products or components that are typically sold to other companies, often integrators or shipbuilders. The OEMs strive to maintain high-quality standards for their products through rigorous testing, quality control measures, and adherence to industry standards, resulting in the growth of the market.

The Asia Pacific market is projected to dominate the Marine Onboard Communication and Control Systems market.

Asia Pacific is projected to dominate the Marine Onboard Communication and Control Systems market during the forecast period. South Korea is projected to show the highest growth rate for the Marine Onboard Communication and Control Systems market in Asia Pacific. The domination of the Marine Onboard Communication and Control Systems market in the Asia Pacific can be attributed to the increasing maritime fleet size for various seaborne trades in the region. The Asia Pacific is investing heavily in the development of Advance technologies like Artificial Intelligence (AI) and Cyber Security in the development of onboard communication and control systems for modernizing their naval fleet.

Marine Onboard Communication and Control Systems Market by Region

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Key Market Players

The Marine Onboard Communication and Control Systems Companies is dominated by a few globally established players such as Emerson Electric Co. (US), Wartsila (Finland), Kongsberg (Norway), ABB (Switzerland) and Northrop Grumman Corporation (US) some of the leading players operating in the Marine Onboard Communication and Control Systems market; they are the key system and solution providers that secured Marine Onboard Communication and Control Systems contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements in commercial and defense.

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Scope of the Report

Marine Onboard Communication and Control Systems Market Highlights

The study categorizes the Marine Onboard Communication and Control Systems market based on type, platform, end user, and region.

Recent Developments

• In June 2023, Kongsberg:- Kongsberg unveiled its new K-Chief marine automation system for more efficient marine operations. The K-Chief is a single platform that provides all integrated Kongsberg equipment on board.
• In June 2023, ST Engineering:- ST Engineering developed and upgraded its NERVA ship management system using the latest technologies. NERVA ship management and sensemaking systems provide centralized control and monitoring of platform sensors and systems, incorporating data and predictive analytics.
• In May 2023,  ABB:- ABB developed ABB Dynafin, a revolutionary propulsion system to increase ship efficiency. It is an ultra-efficient propulsion concept with a main electric motor that powers a large wheel rotating at a moderate 30–80 rounds per minute.

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