Asia Pacific Maritime Real-time Positioning System Market Growth and Recent Trends by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Asia Pacific Maritime Real-time Positioning System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component (Hardware, Software, and Services), Technology (RFID, GPS, and Others), Application (Fleet Management, Inventory and Asset Management, and Crew Tracking), and Vessel Type (Fishing Vessels, Cargo Vessels, Service Vessels, Passenger Ships and Ferries, and Others)

Report Date : Nov 2020
Report Code : TIPRE00016268

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 140

Page Updated: Nov 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The APAC maritime real-time positioning system market is expected to grow from US$ 35.19 million in 2019 to US$ 371.22 million by 2027; it is estimated to grow at a CAGR of 34.7 % from 2020 to 2027.

The Australia, China, India, Japan, and South Korea are major economies in APAC. Advent of advanced technologies is expected to accelerate the APAC maritime real-time positioning system market. The advent of the newer and advanced technologies in the maritime industry is creating new growth avenues for the APAC market. Some of upcoming developments include digital twins that create a twin of the vessel and help in simulating all the performance indications, integration of other data sources including AIS, weather, cargo data, etc. Similarly, the development of e-navigation and route planning is expected to influence many of the aspects of the industry covering emission efficiency and autonomous shipping. Lastly, next-generation voyage management systems are projected to develop new growth avenues in the industry. Some of the feature of these systems include provide voyage estimates, integrated system for mails, fully hosted cloud solutions etc. So the development of advanced technologies is expected to drive the APAC maritime real-time positioning system market.

Furthermore, in case of COVID-19, APAC region is highly affected specially the China and India. The APAC region is characterized by the presence of many developing countries with growing industrial sector and rising population. The growing urbanization and industrialization level in the APAC region makes it a promising market for the growth of maritime trade. Moreover. China is a major consumer and producer for many key industries including automotive, electronics & semiconductor, commodities, and agricultural products. The interruptions in movement, flow and storage of goods due to COVID-19 outbreak have affected the overall logistics and transportation industry growth in this region which has also affected the APAC maritime real-time positioning system market growth. Disruption in supply chain has reduced the number of fishing vessels during the pandemic situation, which will negatively impact the installation of the positioning systems in existing fishing vessels hence affecting the APAC maritime real-time positioning system market growth. Also, temporary shutdown of manufacturing units has decreased the procurement of fishing, cargo, and other vessels which has affected the APAC maritime real-time positioning system market negatively.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC maritime real-time positioning system market. The APAC maritime real-time positioning system market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

APAC Maritime Real-time Positioning System Market Segmentation

APAC Maritime Real-time Positioning System Market – By Component

Hardware

- Readers and Trackers
- Tags/Badges
- Others

Software
Services

APAC Maritime Real-time Positioning System Market – By Technology

RFID
GPS
Others

APAC Maritime Real-time Positioning System Market – By Application

Fleet Management
Inventory and Asset Management
Crew Tracking

APAC Maritime Real-time Positioning System Market – ByVessel Type

Fishing Vessels
Cargo Vessels
Service Vessels
Passenger Ships and Ferries
Others

APAC Maritime Real-time Positioning System Market, by Country

Australia
China
India
Japan
South Korea
Rest of APAC

APAC Maritime Real-time Positioning System Market -Companies Mentioned

Envision Enterprise Solutions America Inc.
Intrasys (Pte.) Ltd.
Martek Marine
ORBCOMM Inc.
VECTOR INFOTECH PTE LTD.
Zebra Technologies Corporation

Asia Pacific Maritime Real-time Positioning System Report Scope

Report Attribute	Details
Market size in 2019	US$ 35.19 Million
Market Size by 2027	US$ 371.22 Million
Global CAGR (2020 - 2027)	34.7 %
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Component Hardware Software Services By Technology RFID GPS By Application Fleet Management Inventory and Asset Management Crew Tracking By Vessel Type Fishing Vessels Cargo Vessels Service Vessels Passenger Ships and Ferries
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Envision Enterprise Solutions America Inc. Intrasys (Pte.) Ltd. Martek Marine ORBCOMM Inc. VECTOR INFOTECH PTE LTD. Zebra Technologies Corporation

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia Pacific Maritime Real-time Positioning System Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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