The market is anticipated to witness healthy growth at a CAGR of over 8%. This growth can be attributed to the need to comply with strict regulations. However, the high cost of implementation can hamper the growth of the market during the next few years.
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The maritime information market is driven by the need to comply with strict regulations. In addition, the increase in seaborne trade is anticipated to boost the growth of the maritime information market.
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Major Five Maritime Information Companies:
- FLIR Systems Inc.
- Garmin Ltd.
- Inmarsat Group Ltd.
- Kongsberg Gruppen ASA
- L3Harris Technologies Inc.
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Maritime Information Market End-user Outlook (Revenue, USD mn, 2019-2024)
- Commercial - size and forecast 2019-2024
- Government - size and forecast 2019-2024
Maritime Information Market Application Outlook (Revenue, USD mn, 2019-2024)
- MIA - size and forecast 2019-2024
- MIP - size and forecast 2019-2024
- VT - size and forecast 2019-2024
- AIS - size and forecast 2019-2024
Maritime Information Market Geography Outlook (Revenue, USD mn, 2019-2024)
- Europe - size and forecast 2019-2024
- North America - size and forecast 2019-2024
- APAC - size and forecast 2019-2024
- MEA - size and forecast 2019-2024
- South America - size and forecast 2019-2024
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