According to a new market research study on “North America Maritime Real-time Positioning System Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Component, Technology, Application, and Vessel Type, is expected to reach US$ 521.95 million by 2027 from US$ 64.28 million in 2019. The market is estimated to grow at a CAGR of 30.4 % from 2020 to 2027. The report provides trends prevailing in the North America maritime real-time positioning system market along with the drivers and restraints pertaining to the market growth. Growing use of RFID in shipping industry and increase in the number of cargo vessels are the major factor driving the growth of the North America maritime real-time positioning system market. However, technical complexities and scarcity of skilled workforce hinder the growth of North America maritime real-time positioning system market.
Further, in case of COVID-19, North America is highly affected specially the US. The North America region is a crucial region for the demand of maritime solutions owing to the presence of developed countries such as the US and Canada in this region. Logistics and transportation is an essential element for the smooth operations of any industry including FMCG, healthcare, retail, automotive and others, where shipping contributes a substantial share in the global logistics and transportation sector. The continuous growth in the number of infected individuals has led the North American government to impose lockdown across the nation’s borders which has affected the North America maritime real-time positioning system market badly. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American countries which has also affected the maritime real-time positioning system market negatively in the region
The North America maritime real-time positioning system market is broadly segmented into component, technology, application, vessel type, and country. Based on component type, the market is segmented into the hardware, software, and services. The hardware segment dominated the market in 2019 owing to growing use of readers, trackers, tags, sensors, and more for the manufacturing of system. Based on application, the market is segmented into fleet management, inventory and asset management, and crew tracking. The fleet management segment held the largest market share in 2019 pertaining to increase demand for tracking large vessels. Based on vessel type, the market is segmented into fishing vessels, cargo vessels, service vessels, passenger ships and ferries, and others. The cargo vessels segment held the highest share in 2019 due to growing e-commerce industry. Similarly, based on technology, market is segmented into RFID, GPS, and others. The RFID segment held the largest share of market in 2019.
Envision Enterprise Solutions America Inc., MER Group, ORBCOMM Inc., SHIPCOM WIRELESS Inc., Zebra Technologies Corporation are among the leading companies in the North America maritime real-time positioning system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Saab, ORBCOMM and AAC Clyde Space declared introduced space-based communication for the maritime sector through the new automatic tracking standard, VHF Data Exchange System (VDES).
The report segments the North America Maritime Real-time Positioning System Market as follows:
North America Maritime Real-time Positioning System Market - By Component
North America Maritime Real-time Positioning System Market - By Technology
North America Maritime Real-time Positioning System Market - By Application
North America Maritime Real-time Positioning System Market - By Vessel Type
North America Maritime Real-time Positioning System Market - By Country
Reasons to Buy
Further, in case of COVID-19, North America is highly affected specially the US. The North America region is a crucial region for the demand of maritime solutions owing to the presence of developed countries such as the US and Canada in this region. Logistics and transportation is an essential element for the smooth operations of any industry including FMCG, healthcare, retail, automotive and others, where shipping contributes a substantial share in the global logistics and transportation sector. The continuous growth in the number of infected individuals has led the North American government to impose lockdown across the nation’s borders which has affected the North America maritime real-time positioning system market badly. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American countries which has also affected the maritime real-time positioning system market negatively in the region
The North America maritime real-time positioning system market is broadly segmented into component, technology, application, vessel type, and country. Based on component type, the market is segmented into the hardware, software, and services. The hardware segment dominated the market in 2019 owing to growing use of readers, trackers, tags, sensors, and more for the manufacturing of system. Based on application, the market is segmented into fleet management, inventory and asset management, and crew tracking. The fleet management segment held the largest market share in 2019 pertaining to increase demand for tracking large vessels. Based on vessel type, the market is segmented into fishing vessels, cargo vessels, service vessels, passenger ships and ferries, and others. The cargo vessels segment held the highest share in 2019 due to growing e-commerce industry. Similarly, based on technology, market is segmented into RFID, GPS, and others. The RFID segment held the largest share of market in 2019.
Envision Enterprise Solutions America Inc., MER Group, ORBCOMM Inc., SHIPCOM WIRELESS Inc., Zebra Technologies Corporation are among the leading companies in the North America maritime real-time positioning system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Saab, ORBCOMM and AAC Clyde Space declared introduced space-based communication for the maritime sector through the new automatic tracking standard, VHF Data Exchange System (VDES).
The report segments the North America Maritime Real-time Positioning System Market as follows:
North America Maritime Real-time Positioning System Market - By Component
- Hardware
- Readers and Trackers
- Tags/Badges
- Others
- Software
- Services
North America Maritime Real-time Positioning System Market - By Technology
- RFID
- GPS
- Others
North America Maritime Real-time Positioning System Market - By Application
- Fleet Management
- Inventory and Asset Management
- Crew Tracking
North America Maritime Real-time Positioning System Market - By Vessel Type
- Fishing Vessels
- Cargo Vessels
- Service Vessels
- Passenger Ships and Ferries
- Others
North America Maritime Real-time Positioning System Market - By Country
- US
- Canada
- Mexico
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America maritime real-time positioning system market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America maritime real-time positioning system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the maritime real-time positioning system market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. North America Maritime Real-time Positioning System Market Landscape
5. North America Maritime Real-time Positioning System Market - Key Market Dynamics
6. Maritime Real-time Positioning System Market - North America Analysis
7. North America Maritime Real-time Positioning System Market Analysis - by Component
8. North America Maritime Real-time Positioning System Market - by Application
9. North America Maritime Real-time Positioning System Market Analysis - by Technology
10. North America Maritime Real-time Positioning System Market Analysis - by Vessel Type
11. North America Maritime Real-Time Positioning System Market - Country Analysis
12. Impact of COVID-19 Outbreak
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Envision Enterprise Solutions America Inc.
- MER Group
- ORBCOMM Inc.
- SHIPCOM WIRELESS Inc.
- Zebra Technologies Corporation
