About Marine Navigation Software
Marine navigation software helps in the process of directing the movements of watercraft from one point to another; the process, always present in some form when a vessel is under way and not drifting, varies with the type of craft, its mission, and its area of operation. The global marine navigation software market is expected to grow at a moderate pace during the forecast period, according to the AMA study. The rising demand for automation across different marine operations is expected to be one of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Marine Navigation Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ActiveCaptain (United States), C-Map (Norway), iNavX (France), KnowWake (United States), MaxSea International (France), Microsoft (United States), Navicom Dynamics (New Zealand), Navionics (Italy), OpenCPN (United States), Polar Navy (United States), Seapilot AB (Sweden), Trelleborg Marine and Infrastructure (Dubai) and Veinland GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Marine Navigation Software market by Type (On-Premise and Cloud-based), Application (Coastal Monitoring, Routing, Charts Engine, Ocean Data Service, Weather Data Service, Tide Database, Surveillance & Combat Operations and Others) and Region.
On the basis of geography, the market of Marine Navigation Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Marine Ships will boost the Marine Navigation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Marine Navigation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Defense will boost the Marine Navigation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of AI in Marine Navigation Software
Market Growth Drivers:
Rising Demand for Automation in Marine Navigation and Increasing Demand for Advanced Navigation Tools
Challenges:
High Cost of Solutions
Restraints:
Availability of Open Source Platforms
Opportunities:
Opportunities Across the Asia Pacific Region
Market Leaders and their expansionary development strategies
In January 2023, Teledyne has acquired ChartWorld International, a leading provider of digital navigation charts and services. ChartWorld’s products and services are used by mariners, ship owners and ship managers around the world to improve safety, efficiency and compliance.The acquisition will strengthen Teledyne’s position in the marine electronics market and expand its capabilities in digital navigation solutions.
In April 2024, Korean company Seadronix has launched its new Rec-SEA Plugin, an AI-driven software that aims to transform existing vessels into ‘smart ships’, utilising onboard sensors such as LiDAR and RADAR.“The introduction of the Rec-SEA Plugin is a monumental step towards autonomous maritime navigation
Stringent Government Regulations Regarding Shutting Down of Marine Transport Operations Worldwide Due to the COVID-19 Pandemic has Impacted the Demand for Marine Navigation Software
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the global marine navigation software market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.