Shipboard Information Systems Market: Introduction

Shipboard information system can be referred as an integrated system comprising multiple independent subnets (display networks, sensor networks, etc.) and a communication network which enables exchange of information within the system and the subnets. Generally, a shipboard information system can be categorized into two components: information transmission and information processing. Major capabilities of shipboard information systems are information acquisition, networking, commanding, controlling, and information display which enables better communication between ports and maritime forwarders.

A shipboard information system also helps maritime and freight companies to prevent loss due to natural disasters by processing and transmitting navigation communication from different origins. The system has applications in the defense sector, as the information that is required to be passed or transmitted needs to be clear and transparent to make an effective decision.

To get glimpse of what our report offers, ask for a report brochure here

shipboard information systems market

Shipboard Information Systems Market - Dynamics

shipboard information systems market 1

Rise in Concerns over Marine Accidents

The number of marine accidents has increased significantly due to rise in the number of natural disasters such as cyclone. There has been increase in number of incidents where a ship has lost communication to the connected partner or at the port, which has led to loss of life and goods. Hence, demand for shipboard information systems, which has the ability to communicate with ships on a real time basis, has increased. This has helped marine freight companies and marine defense of several countries to track and manage the ships to reduce the loss of life and eliminate the risk of goods loss.

To get a bird’s eye view of market forecast, ask for a Custom Report

High Cost of Marine Broadband Connectivity

The cost of the marine broadband connectivity is higher than normal broadband connectivity. This is because marine communication needs a strong signal and connectivity due to reduced scope of network in the sea. Hence, advanced technology antennas are being installed on ships to enhance shipboard communication. High cost of shipboard information systems is projected to hamper the growth of the market, as there are no strict guidelines to install shipboard information system on ships by any organization or government.

Increase in Scope of ICT in Maritime Industry

Digitization and communication are being rapidly adopted by shipping companies and naval defense. Shipping companies are digitalizing their operating platforms to enhance productivity and reduce operational costs. This shift in trend is anticipated to boost demand for shipboard information systems due to advantages such as better flow of communication and 24x7 connectivity with the master communicator which helps shipping companies to work in a more productive manner.

Europe to Dominate Market in Terms of Market Share

In terms of region, the global shipboard information systems market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is projected to dominate the market; the region has the largest shipping industry. Greece and Germany jointly account for nearly 25% of the global fleet (18% Greece and 7% Germany). This drives demand for shipboard information systems in Europe.

Shipboard Information Systems Market - Competitive Landscape

  • In April 2019, in order to improve the safety of navigation and analyze marine traffic risks, Fujitsu launched a solution using Fujitsu Human Centric AI Zinrai technology, which integrates the operational system with artificial intelligence. This can assist maritime traffic controllers to manage marine traffic proactively.
  • In April 2019, Mitsui O.S.K. Lines decided to install augmented reality (AR) navigation systems on ship. This will enable the AR system to display information on other vessels sailing on a vessel’s planned route which will positively impact the navigation facility to the shipping companies.

RRIsis

Founded in 2012, RRIsis is headquartered in Groningen, the Netherlands. The company focuses on providing advanced ship monitoring systems to freight companies which enable them to make decisions about their ship or fleet. It provides a platform which has the ability to rapidly adopt new technologies and can easily be adjusted and customized to individual needs. RRIsis provides RRIsis Graphs, RRIsis Maps, RRIsis Competition, and RRIsis Analytics solutions and services to customers across Europe and North America.

MSI Ship Management Pte. Ltd.

Founded in 2007, MSI Ship Management Pte. Ltd. is based in Singapore. The company focuses on providing diversified range of services in maritime asset management and ancillary solutions. It provides ship management, technical management, crew management, HSSQE management, operational management, transshipment management, corporate services, dry dock & lay-up management, surveying & inspections, consultancy services, ship agency, and training & development services.

Q88 LLC

Founded in 2001, Q88 LLC is headquartered in Fairfield, Connecticut, the U.S. The company is one of the top SaaS technology providers to the maritime industry. It provides the connecting ships solution to the segments such as tanker operation, tanker broking, cargo handling, commercial management, dry bulk operation and e-procurement. The company currently caters to customers in Singapore, the U.S., the U.K., and Greece.

Shipboard Information Systems Market: Segmentation

The global shipboard information systems market can be segmented based on:

  • Installation Type
  • End-user
  • Region

Global Shipboard Information Systems Market, by Installation type

Based on Installation type, the global shipboard information systems market can be bifurcated into:

  • On Board
  • On Shore

Global Shipboard Information Systems Market, by End-user

In terms of end-user, the global shipboard information systems market can be divided into:

  • Commercial
    • Passenger Ships
    • Freight Ships
  • Defense

The report on the global shipboard information systems market is a compilation of firsthand information, qualitative & quantitative assessment by industry analysts, and inputs from industry experts & participants across the value chain. The market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness of the segments. The report also maps the qualitative impact of various factors on the shipboard information systems market segments and regions.

Regional analysis of the global shipboard information systems market includes:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa
shipboard information systems market 2

KEYWORDS:

  • Shipboard Information System
  • Shipping Companies
  • Offshore
  • Marine
  • Information System

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.