COVID-19 Impacts: Maritime Information Market will Accelerate at a CAGR of over 9% through 2020-2024 | Need to Comply With Strict Regulations to Boost Growth | Technavio
Technavio has been monitoring the maritime information market and it is poised to grow by USD 736.98 million during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Maritime Information Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request the Latest Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. FLIR Systems Inc., Garmin Ltd., Inmarsat Group Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM Inc., Raytheon (News - Alert) Co., Saab AB, and Thales Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The need to comply with strict regulations has been instrumental in driving the growth of the market. However, the high cost of implementation might hamper the market growth.
Maritime Information Market 2020-2024: Segmentation
Maritime Information Market is segmented as below:
Maritime Information Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our maritime information market report covers the following areas:
This study identifies the increase in seaborne trade as one of the prime reasons driving the maritime information market growth during the next few years.
Maritime Information Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the maritime information market, including some of the vendors such as FLIR Systems Inc., Garmin Ltd., Inmarsat Group Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM (News - Alert) Inc., Raytheon Co., Saab AB, and Thales Group. Backed with competitive intelligence and benchmarking, our research reports on the maritime information market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Maritime Information Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
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