Marine Onboard Communication Systems Market to Reach USD 14.5 Billion by 2030

The marine onboard communication and control systems market, valued at USD 8,733.2 million in 2023, is projected to grow to USD 14,496.2 million by 2030, at a CAGR of 7.7%. The demand for different types of marine vessels is rising due to the increasing volume of global seaborne trade. As global trade expands, the need for efficient product transportation via ships grows, driving demand for new bulk carriers, container ships, oil & gas tankers, and cargo vessels, as well as the modernization of existing fleets with advanced technology.

Passenger shipping also significantly contributes to the market’s growth. The rising number of passengers has led to increased demand for larger, more sophisticated cruise ships and ferries. Older vessels are often replaced or retrofitted to meet modern industry standards, which are governed by strict regulations on efficiency. Consequently, new technological models are being introduced to replace outdated and less advanced ships.

Economic growth and industrialization are further driving the market’s expansion, particularly in developing countries where rising demand for raw materials has boosted marine transport.

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Key Insights:

• The Asia-Pacific region led the market in 2023 with a 50% share, driven by increasing shipping activities, defense upgrades, and emerging technologies.
• Government initiatives to improve port infrastructure, maritime security, and compliance with global regulations are fueling demand for advanced communication and control systems.
• Communication systems are expected to grow at a CAGR of 8%, driven by the need for efficient maritime navigation, traffic management, safety, and connectivity.
• The commercial sector, accounting for 60% of the market in 2023, relies heavily on these systems to support global trade, logistics, and tourism.
• The defense segment is projected to grow at a CAGR of 9%, as advanced communication and control systems remain crucial for modernizing naval defense capabilities worldwide.
• Original Equipment Manufacturers (OEMs) held a 70% market share in 2023, due to their expertise in developing advanced, reliable systems that meet strict marine safety regulations.