Marine Navigation and Communication System Market Outlook – 2027
Marine navigation and communication system is defined as a navigation and communication tool equipped with GPS navigator and SATCOM. Marine navigation & communication system displays high quality satellite imaging and it provides navigation chart for better navigation. In addition, it provides naval equipment and instruments, which are essential for underwater navigation and inter-bodies communication. It helps to standardize maritime reporting and it increase safety & security.
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Major Market Players:
Northrop Grumman Corporation, Honeywell International Inc., Safran SA, Thales Group, FLIR Systems Inc., Hughes Network Systems LLC, Inmarsat Group Limited, Thurava Telecommunications Company, Network Innovation Inc., Iridium Communications Inc.
North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)
Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of marine navigation and communication systems across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of these systems, which negatively impacts the market growth. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities. In addition, the manufacturing processes for marine navigation and communication systems has significantly dropped down due to COVID-19 implications. This is attributed to production shutdown and disrupted supply chains, thus hitting global operations and revenue of the market.
With the increasing availability of satellite services offering Ku-band or Ka-band for VSAT, the demand for broadband connections and greater bandwidth is increasing. In addition, the demand growth is driven by crew welfare, seafarers, and passengers using their own devices on ships and the increasing appetite for operational data processing and analysis. Moreover, lower satellite capacity pricing is paving the way for the adoption of broadband VSAT. The demand for data is continuously growing as satellite operators are increasing their capacity for maritime markets. With more supply pushing bandwidth costs lower, end users are responding by ramping up their demand for VSAT connectivity across all segments, including merchant, passenger, offshore (oil and gas), and fishing. These factors collectively driving the market growth.
- Remotely Operated Underwater Vehicle
- Autonomous Underwater Boat and Vehicles
- Military & Defense
- Metal Industry
The ongoing R&D toward the development of advanced maritime technologies, such as stealth submarines and unmanned marine systems, is envisioned to inspire the potential investments in the development and induction of sophisticated navigation systems. In addition, owing to the increase in worldwide concerns toward naval security, leading market players are escalating their expenditure toward the development of maritime navigation and communication systems. These factors collectively fuel the market growth.
With the increasing usage of technologies in maritime satellite, customers are finding difficulties in operating satellite solutions. Occasionally , maritime satellite vendors fail to provide reliable communication solutions; as a result, communication equipment and services do not perform effectively under unfavorable weather conditions. Thus, satellite communication service providers face challenge to provide reliable communication to their customers irrespective of the weather conditions. This, in turn, is expected to hamper the market growth.
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