The global marine telematics market was valued at USD 19.5 million in 2024 and is projected to reach USD 86.4 million by 2033, growing at a CAGR of 17.08% from 2025 to 2033. This growth is driven by the surge in international sea trade, stringent marine safety regulations, and the increasing demand for enhanced fleet safety and operational efficiency in commercial maritime transportation. ?

Study Assumption Years

Base Year: 2024

Historical Year: 2019–2024

Forecast Year: 2025–2033?

Marine Telematics Market Key Takeaways

Market Size & Growth: The market is expected to grow from USD 19.5 million in 2024 to USD 86.4 million by 2033, at a CAGR of 17.08%.

Regional Leadership: North America currently leads the market, driven by advanced infrastructure and regulatory support.

Technological Integration: Adoption of AI, IoT, and GPS technologies is enhancing vessel monitoring and operational efficiency.

Safety & Compliance: Strict marine safety norms are compelling the adoption of telematics solutions.

Commercial Sector Dominance: The commercial application segment holds the largest market share.

Hardware Dominance: Hardware components currently dominate the market share.

Service Expansion: Services like diagnostics and navigation are expanding, contributing to market growth.

Key Players:

Applied Satellite Technology Ltd

Cybernetica AS

Ki2 Infotech

Metocean Telematics

Navis (Accel-KKR)

Sentinel Marine

Technoton

Traxens

Verizon

Viatrax Automation Corporation, etc.

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