Middle East and Africa Maritime Real-time Positioning System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component (Hardware, Software, and Services), Technology (RFID, GPS, and Others), Application (Fleet Management, Inventory and Asset Management, and Crew Tracking), and Vessel Type (Fishing Vessels, Cargo Vessels, Service Vessels, Passenger Ships and Ferries, and Others)
Market Introduction
The continuous technological advancements have drastically improved the ways of tracking and monitoring the vessels in the last few years. The developing satellite services have facilitated ship tracking in all over the countries across MEA that ensure the safety of vessels from different unseen threats. By using advanced technologies for navigating and monitoring, the vessel owners and marine agencies can prevent illegal activities from taking place in waters. The oceanographers and mariners are using GPS data for conducting an underwater survey, navigational hazard location & mapping, and buoy placement. The vessels such as fishing, cargo, passenger ships & ferries, and service uses GPS technology to locate accurate track fish migrations, fishing locations, and ensure complete adherence of regulations set for using real-time tracking solutions. Factor stimulating the MEA maritime real-time positioning system market growth includes growing e-commerce, which is resulting in an increasing volume of packages for national and international trade. Moreover, the arrival of advanced technologies such as digital twin, next-generation voyage management systems, GNS Solutions; and integration of digitization in MEA economies are some aspects that will contribute towards the MEA maritime real-time positioning system market growth.
Furthermore, in case of COVID-19, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths across MEA region. The disruptions in global supply chains and capital flows have also impacted the domestic production and demand in various countries of MEA region. The COVID-19 outbreak has highly disrupted the supply and demand gap in the adoption of real-time positioning systems which has affected the MEA maritime real-time positioning system market growth. Due to disruptions in the supply chain of transporting fish and other seafood items caused by travel ban has affected the fisheries sector of the region massively hence affecting the maritime real-time positioning system market badly. In addition, limited trade of other products, which are transported through cargo vessels, has also witnessed a downfall because of low demand from end users. Limited use of fishing vessel and cargo vessels will create a negative impact on MEA the maritime real-time positioning system market.
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Market Overview and Dynamics
The MEA maritime real-time positioning system market is expected to grow from US$ 10.84 million in 2019 to US$ 83.73 million by 2027; it is estimated to grow at a CAGR of 29.6 % from 2020 to 2027. Escalation in the number of cargo vessels is expected to accelerate the MEA maritime real-time positioning system market. Earlier, when a vessel was sent overseas after leaving the warehouse, the user was not aware of the location and condition of the vessels. This was very risky as not having any current status of the vessel. Therefore, the maritime industry is integrating real-time tracking solutions in every vessel. With a growing e-commerce industry and expanding supply chain backed by strong internet infrastructure, the use of real-time tracking solutions is receiving high traction across all over the countries across MEA region. By using an automatic identification system and asset tracking system, the end-users can get access to real-time data about the vessel’s location and condition. Owing to growing disposable income, stable economic structure, and government support for strengthening the e-commerce industry across MEA region, the volume of shipment is increasing exponentially. From jewelry to pharmaceutical to electronics, and more, the use of cargo vessels is expanding. This aspect is impacting the number of movements of cargo vessels in both national & international waters across MEA region. Therefore, maritime real-time positioning system is needed to locate and track the cargo vessels, which will drive the MEA maritime real-time positioning system market.
Key Market Segments
In terms of component, the hardware segment accounted for the largest share of the MEA maritime real-time positioning system market in 2019. In terms of technology, the RFID segment held a larger market share of the MEA maritime real-time positioning system market in 2019. Similarly, in terms of application, the fleet management segment held a larger market share of the MEA maritime real-time positioning system market in 2019. Further, the cargo vessels segment held a larger share of the MEA maritime real-time positioning system market based on vessel type in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA maritime real-time positioning system market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Envision Enterprise Solutions America Inc., MER Group, ORBCOMM Inc., SHIPCOM WIRELESS Inc., VECTOR INFOTECH PTE LTD., Zebra Technologies Corporation.
Reasons to buy report
- To understand the MEA maritime real-time positioning system market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA maritime real-time positioning system market
- Efficiently plan M&A and partnership deals in MEA maritime real-time positioning system market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA maritime real-time positioning system market
- Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region
MEA Maritime Real-time Positioning System Market Segmentation
MEA Maritime Real-time Positioning System Market - By Component
- Hardware
- Readers and Trackers
- Tags/Badges
- Others
- Software
- Services
MEA Maritime Real-time Positioning System Market - By Technology
- RFID
- GPS
- Others
MEA Maritime Real-time Positioning System Market – By Application
- Fleet Management
- Inventory and Asset Management
- Crew Tracking
MEA Maritime Real-time Positioning System Market - By Vessel Type
- Fishing Vessels
- Cargo Vessels
- Service Vessels
- Passenger Ships and Ferries
- Others
MEA Maritime Real-time Positioning System Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Maritime Real-time Positioning System Market - Company Profiles
- Envision Enterprise Solutions America Inc.
- MER Group
- ORBCOMM Inc.
- SHIPCOM WIRELESS Inc.
- VECTOR INFOTECH PTE LTD.
- Zebra Technologies Corporation
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Maritime Real-time Positioning System Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat to New Entrants
4.4.4 Threat to Substitutes
4.4.5 Competitive Rivalry
5. MEA Maritime Real-time Positioning System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upsurge in the Use of RFID in Shipping Industry
5.1.2 Escalation in the Number of Cargo Vessels
5.2 Market Restraint
5.2.1 Dearth of Skilled Workers and Technical Problems
5.3 Market Opportunity
5.3.1 Mounting Growth Potential
5.4 Market Trend
5.4.1 Arrival of Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Maritime Real-time Positioning System Market – MEA Analysis
6.1 MEA Maritime Real-time Positioning System Market Overview
6.2 MEA Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. MEA Maritime Real-time Positioning System Market Analysis – By Component
7.1 Overview
7.2 MEA Maritime Real-time Positioning System Market, By Component (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
7.3.2.1 Readers and Trackers
7.3.2.1.1 Readers and Trackers: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
7.3.2.2 Tags/Badges
7.3.2.2.1 Tags/Badges: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
7.3.2.3 Others
7.3.2.3.1 Others: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
8. MEA Maritime Real-time Positioning System Market – By Application
8.1 Overview
8.2 MEA Maritime Real-time Positioning System Market, by Application (2019 and 2027)
8.3 Fleet Management
8.3.1 Overview
8.3.2 Fleet Management: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Inventory and Asset Management
8.4.1 Overview
8.4.2 Inventory and Asset Management: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Crew Tracking
8.5.1 Overview
8.5.2 Crew Tracking: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
9. MEA Maritime Real-time Positioning System Market Analysis – By Technology
9.1 Overview
9.2 MEA Maritime Real-time Positioning System Market, By Technology (2019 and 2027)
9.3 RFID
9.3.1 Overview
9.3.2 RFID: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
9.4 GPS
9.4.1 Overview
9.4.2 GPS: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
10. MEA Maritime Real-time Positioning System Market Analysis – By Vessel Type
10.1 Overview
10.2 MEA Maritime Real-time Positioning System Market, By Vessel Type (2019 and 2027)
10.3 Fishing Vessels
10.3.1 Overview
10.3.2 Fishing Vessels: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
10.4 Cargo Vessels
10.4.1 Overview
10.4.1.1 Cargo Vessels: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
10.5 Service Vessels
10.5.1 Overview
10.5.2 Service Vessels: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
10.6 Passenger Ships and Ferries
10.6.1 Overview
10.6.2 Passenger Ships and Ferries: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
11. MEA Maritime Real-Time Positioning System Market – Country Analysis
11.1 Overview
11.1.1 MEA: Maritime Real-Time Positioning System Market, by Key Country
11.1.1.1 South Africa: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.1.1 South Africa: Maritime Real-Time Positioning System Market, by Component
11.1.1.1.2 South Africa: Maritime Real-Time Positioning System Market, By Hardware Type
11.1.1.1.3 South Africa: Maritime Real-Time Positioning System Market, by Technology
11.1.1.1.4 South Africa: Maritime Real-Time Positioning System Market, by Application
11.1.1.1.5 South Africa: Maritime Real-Time Positioning System Market, by Vessel Type
11.1.1.2 Saudi Arabia: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.2.1 Saudi Arabia: Maritime Real-Time Positioning System Market, by Component
11.1.1.2.1.1 Saudi Arabia: Maritime Real-time Positioning System Market, By Hardware Type
11.1.1.2.2 Saudi Arabia: Maritime Real-Time Positioning System Market, by Technology
11.1.1.2.3 Saudi Arabia: Maritime Real-Time Positioning System Market, by Application
11.1.1.2.4 Saudi Arabia: Maritime Real-Time Positioning System Market, by Vessel Type
11.1.1.3 UAE: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.3.1 UAE: Maritime Real-Time Positioning System Market, by Component
11.1.1.3.1.1 UAE: Maritime Real-time Positioning System Market, By Hardware Type
11.1.1.3.2 UAE: Maritime Real-Time Positioning System Market, by Technology
11.1.1.3.3 UAE: Maritime Real-Time Positioning System Market, by Application
11.1.1.3.4 UAE: Maritime Real-Time Positioning System Market, by Vessel Type
11.1.1.4 Rest of MEA: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
11.1.1.4.1 Rest of MEA: Maritime Real-Time Positioning System Market, by Component
11.1.1.4.1.1 Rest of MEA: Maritime Real-time Positioning System Market, By Hardware Type
11.1.1.4.2 Rest of MEA: Maritime Real-Time Positioning System Market, by Technology
11.1.1.4.3 Rest of MEA: Maritime Real-Time Positioning System Market, by Application
11.1.1.4.4 UAE: Maritime Real-Time Positioning System Market, by Vessel Type
12. Impact of COVID-19 Outbreak
12.1 MEA: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 Envision Enterprise Solutions America Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 MER Group
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 ORBCOMM Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 SHIPCOM WIRELESS Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 VECTOR INFOTECH PTE LTD.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Zebra Technologies Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. MEA Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa: Maritime Real-Time Positioning System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: Maritime Real-Time Positioning System Market, By Hardware Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. South Africa: Maritime Real-Time Positioning System Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 5. South Africa: Maritime Real-Time Positioning System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. South Africa: Maritime Real-Time Positioning System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Saudi Arabia: Maritime Real-Time Positioning System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 8. Saudi Arabia: Maritime Real-time Positioning System Market, By Hardware Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Saudi Arabia: Maritime Real-Time Positioning System Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 10. Saudi Arabia: Maritime Real-Time Positioning System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 11. Saudi Arabia: Maritime Real-Time Positioning System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. UAE: Maritime Real-Time Positioning System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 13. UAE: Maritime Real-time Positioning System Market, By Hardware Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. UAE: Maritime Real-Time Positioning System Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 15. UAE: Maritime Real-Time Positioning System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. UAE: Maritime Real-Time Positioning System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Rest of MEA: Maritime Real-Time Positioning System Market, by Component – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of MEA: Maritime Real-time Positioning System Market, By Hardware Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. Rest of MEA: Maritime Real-Time Positioning System Market, by Technology – Revenue and Forecast to 2027 (US$ Million)
Table 20. Rest of MEA: Maritime Real-Time Positioning System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 21. UAE: Maritime Real-Time Positioning System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Maritime Real-time Positioning System Market Segmentation
Figure 2. MEA Maritime Real-time Positioning System Market Segmentation – By Country
Figure 3. MEA Maritime Real-time Positioning System Market Overview
Figure 4. MEA Maritime Real-time Positioning System Market, by Country
Figure 5. MEA Maritime Real-time Positioning System Market, By Vessel Type
Figure 6. MEA Maritime Real-time Positioning System Market, By Application
Figure 7. MEA Maritime Real-time Positioning System Market, By Technology
Figure 8. MEA Maritime Real-time Positioning System Market, By Component
Figure 9. MEA: PEST Analysis
Figure 10. Expert Opinion
Figure 11. Porter’s Five Forces Analysis
Figure 12. MEA Maritime Real-time Positioning System Market Impact Analysis of Drivers and Restraint
Figure 13. MEA Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. MEA Maritime Real-time Positioning System Market Revenue Share, by Component (2019 and 2027)
Figure 15. MEA Hardware: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. MEA Readers and Trackers: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. MEA Tags/Badges: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. MEA Others: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. MEA Software: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. MEA Services: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. MEA Maritime Real-time Positioning System Market Revenue Share, by Application (2019 and 2027)
Figure 22. MEA Fleet Management: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. MEA Inventory and Asset Management: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. MEA Crew Tracking: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. MEA Maritime Real-time Positioning System Market Revenue Share, by Technology (2019 and 2027)
Figure 26. MEA RFID: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. MEA GPS: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. MEA Others: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. MEA Maritime Real-time Positioning System Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 30. MEA Fishing Vessels: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. MEA Cargo Vessels: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027(US$ Million)
Figure 32. MEA Service Vessels: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027(US$ Million)
Figure 33. MEA Passenger Ships and Ferries: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. MEA Others: Maritime Real-time Positioning System Market – Revenue and Forecast to 2027(US$ Million)
Figure 35. MEA: Maritime Real-Time Positioning System Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. South Africa: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Saudi Arabia: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. UAE: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Rest of MEA: Maritime Real-Time Positioning System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Impact of COVID-19 Pandemic in MEA Country Markets
The List of Companies - Middle East & Africa Maritime Real-time Positioning System Market
- Envision Enterprise Solutions America Inc.
- MER Group
- ORBCOMM Inc.
- SHIPCOM WIRELESS Inc.
- VECTOR INFOTECH PTE LTD.
- Zebra Technologies Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA maritime real-time positioning system market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA maritime real-time positioning system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the maritime real-time positioning system market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution