Report Code: 12900 | Available Format: PDF | Pages: 290
The marine onboard communication and control systems market generated revenue of USD 8,733.2 million in 2023, which is expected to witness a CAGR of 7.7% during 2024–2030, reaching USD 14,496.2 million by 2030. It is due to the increasing emphasis on fleet modernization, technological advancements in marine communication & control solutions, rising global trade, surging demand for better connectivity and higher automation in maritime vessels, for improved safety and efficiency, and escalating demand for satellite communication systems.
Additionally, there is a great concern for the environment and fuel efficiency. The adoption of modern control systems is increasing to reduce emissions and enhance fuel efficiency.
Further, specialized vessels are required for offshore activities, such as renewable energy setup installation and oil & gas exploration. This has expanded the demand for fleets that cater to these industries and contributed to the total increase in the marine fleet size. Other vessels, such as offshore support vessels, high-tech research vessels, and LNG carriers, are also required in large numbers, which further propels the market.
Passenger shipping is also playing a crucial role in the growth of the market as there is a growing need for larger, more-advanced cruise ships and ferries to handle the increasing number of passengers.
Since it is essential to ensure the safety, efficiency, and effective management of these vessels, there is a simultaneous need for modern communication and control systems as the marine fleet size expands to fulfill these numerous needs.
On the basis of type, communication systems are expected to witness the higher CAGR, of 8%, from 2024 to 2030. This growth will be due to the rising need for effective communication for navigation and maintaining smooth maritime traffic, safety, connectivity, coordination, and operational efficiency at sea. For safe navigation, dealing with emergencies, coordinating ship operations, and maintaining contact between vessels and shore-based authorities, effective communication is essential in the marine industry. Globally, defense forces, governments, and businesses are making investments in these systems to guarantee safe and efficient marine operations.
The strict regulations and guidelines related to marine safety and security, such as those enforced through the Global Maritime Distress and Safety System (GMDSS), need vessels to have effective communication systems.
Based on platform, the commercial category dominated the market, with a share of 60%, in 2023. This is because of the essential role of these systems in supporting logistics, global trade, and operation of the commercial vessels, which are used in the transportation of goods across seas, as well as for tourism. Commercial vessels comprise passenger vessels, such as ferries, yachts, and cruise ships; and cargo vessels, including tankers, bulk carriers, container vessels, and dry cargo ships, and some other specialized vessels.
Based on end user, the defense category will have the higher CAGR, of 9%, from 2024 to 2030. The need for secure, advanced, reliable communication and control systems in naval vessels remains paramount for defense capability modernization globally. The demand for different integrated systems that offer secure communication, navigation, and other mission-critical functionalities is being driven by security concerns and navies’ expanded objectives. Globally, defense forces are making a lot of investments in the advancement of instant surveillance systems, satellite communications, and integrated control systems.
On the basis of end users, original equipment manufacturers (OEMs) dominated the market, with a share of 70%, in 2023. This is due to their technologically advanced offerings and established market presence. They provide a wide range of integrated solutions, such as communication systems, navigation systems, control systems, and automation solutions, which attract customers looking for a complete package of onboard systems. OEMs maintain high quality in their products through rigorous testing and quality control procedures. Their reputation for providing high-quality products and services allows them to stay ahead of the competition.
In the marine industry, OEMs collaborate with system integrators, shipbuilders, and other stakeholders to provide complete, specialized solutions for many kinds of vessels. OEMs are adapting to the emerging demands of customers for advanced technology. They are incorporating new technologies, such as IoT, AI, and cybersecurity measures, into their systems to remain ahead of the competition.
Report Attribute | Details |
Market Size in 2023 |
USD 8,733.2 Million |
Market Size in 2024 |
USD 9,293.6 Million |
Revenue Forecast in 2030 |
USD 14,496.2 Million |
Growth Rate |
7.7% CAGR |
Historical Years |
2017-2023 |
Forecast Years |
2024-2030 |
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
Segments Covered |
By Type; By Platform; By End User; By Region |
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Geographically, the APAC region dominates the marine onboard communication and control systems market, with a share of 50%, in 2023.
Further, the naval fleets of regional countries are being modernized with cybersecurity and artificial intelligence technologies. In this region, South Korea is a lucrative market as it is one of the largest shipbuilders on earth. APAC countries also face marine security challenges, such as territorial disputes, piracy, and illegal activities at sea. This mandates investments in advanced technologies for surveillance and security purposes, which adds fuel for the overall growth of the region.
The market is being driven by the research being conducted by the major players for product development, to meet the changing requirements of the commercial and defense shipping sectors.
This fully customizable report gives a detailed analysis of the marine onboard communication and control systems market from 2017 to 2030, based on all the relevant segments and geographies.
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The industry for marine onboard communication and control systems will reach USD 9,293.6 million in 2024.
The marine onboard communication and control systems market value will reach USD 14,496.2 million in 2030.
The APAC market for marine onboard communication and control systems is the largest.
The expanding marine fleet size is a key marine onboard communication and control systems industry driver.
Commercial hold the larger marine onboard communication and control systems market share.
OEMs is the leading end user in the marine onboard communication and control systems industry.
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