New York, December 23, 2020 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “North American Marine Positioning System Market Forecast to 2027 – Impact of COVID-19 and Regional Analysis by Components, Technology, Application, and vessel type “- https://www.reportlinker.com/p05999771/?utm_source=GNW
By using advanced technologies such as Radio Frequency Identification (RFID), Global Positioning System (GPS), Wi-Fi and Bluetooth for navigation and surveillance, vessel owners and maritime agencies can prevent illegal activities in the waters. Advanced Solutions helps large boat owners get real-time vessel information.
Oceanographers and sailors use GPS data to conduct underwater research, locate and map dangerous voyages, and set up buoys. Ships such as fishing, cargo, passenger ships and ferries and services use GPS technology to find accurate migrations of tracked fish, fishing locations and ensure full compliance with regulations set for the use of real-time tracking solutions.
With growing demand for fisheries and government regulations to install tracking solutions on fishing vessels to prevent illegal activities, the requirement to integrate real-time positioning systems to collect vessel data will help grow the North American market. Factors such as the growing use of RFID in the shipping industry and the increase in the number of cargo ships are expected to drive the maritime real-time positioning market in North America.
Furthermore, North America is particularly affected by the US. The North American region is a crucial region for the demand for maritime solutions thanks to the presence of developed countries like the US and Canada in this region.
Logistics and transport are an important element for the smooth operation of any industry, including FMCG, healthcare, retail, automobiles and others, where shipping contributes a significant share to the global logistics and transport sector. The steady increase in the number of infected individuals has led the North American government to impose locking across state borders which has adversely affected the North American maritime positioning system market.
Most production facilities are either temporarily closed or operate with a minimum number of staff; the supply chain of components and parts is disrupted; these are some of the critical issues facing north american countries that have also negatively impacted the maritime positioning system market in the region.
Market overview and dynamics
The North American maritime real-time positioning market is expected to grow from $ 64.28 million in 2019 to $ 521.95 million by 2027; it is estimated to grow at a CAGR of 30.4% from 2020 to 2027. The development of advanced technologies is expected to accelerate the real-time marine positioning system market in North America. The development of newer and more advanced technologies in the maritime industry creates new growth pathways for the marine real-time positioning system market in North America. Some of the upcoming developments include digital twins that create ship twins and help simulate all performance indicators, integrating other data sources including AIS, weather, cargo data, and more. Similarly, the development of e-navigation and route planning is expected to affect many aspects of the industry covering emission efficiency and autonomous shipping. Finally, next-generation travel management systems are predicted to develop new ways of growing in the industry. Some of the features of these systems include providing travel estimates, an integrated mail system, fully hosted cloud solutions, and more. Thus, the development of advanced technologies is expected to drive the market of the North American maritime positioning system in real time.
Key market segments
In terms of components, the hardware segment accounted for the largest share of the North American marine real-time positioning system market in 2019. In technological terms, the RFID segment had a larger market share in the marine real-time positioning system in the North American market in 2019.
Similarly, in terms of implementation, the fleet management segment held a higher market share of the North American maritime real-time positioning system in 2019. Furthermore, the cargo ship segment held a larger share of the maritime real-time positioning system in the North American type-based market. vessels in 2019
Listed main sources and companies
Several major primary and secondary sources referred to in the preparation of this North American Maritime Positioning System market report for real-time positioning are company websites, annual reports, financial statements, national government documents, and statistical databases, among others. The main companies listed in the report are Envision Enterprise Solutions America Inc., MER Group, ORBCOMM Inc., SHIPCOM WIRELESS Inc., Zebra Technologies Corporation.
Real-time marine positioning market segmentation in North America
North American Maritime Real-Time Positioning System Market – by Components
? Readers and followers
? Tags / Badges
? The others
Maritime real-time positioning market in North America – by technology
North American maritime market for real-time positioning – according to the application
• Fleet management
• Inventory and asset management
• Crew monitoring
North American real-time marine positioning market – by vessel type
• Fishing vessels
• Cargo ships
• Service ships
• Passenger ships and ferries
North American Maritime Real-Time Positioning System Market – by Country
Real-time marine positioning market in North America – company profiles
• Anticipate Enterprise Solutions America Inc.
• MER group
• ORBCOMM Inc.
• SHIPCOM WIRELESS Inc.
• Zebra Technologies Corporation
Read the full report: https://www.reportlinker.com/p05999771/?utm_source=GNW
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