According to our latest market study on “Maritime Real Time Positioning System Market Forecast to 2027 – COVID-19 Impact and Global 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),” the market was valued at US$ 158.2 million in 2019 and is projected to reach US$ 1,395.6 million by 2027; it is expected to grow at a CAGR of 31.8% from 2020 to 2027.

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The ability to track and monitor ships has significantly improved over the past few years because to ongoing technology improvements. Ship tracking has been made easier by expanding satellite systems worldwide, protecting vessels from various invisible risks. The vessel owners and marine agencies can stop unlawful actions from happening in the waterways by deploying cutting-edge technologies like RFID, GPS, WiFi, and Bluetooth for navigating and monitoring. The usage of cutting-edge technology enables owners of large vessels to access real-time vessel information. The location and mapping of navigational hazards, buoy installation, and underwater surveying are all being done by oceanographers and mariners utilizing GPS data.

The final report will add the analysis of the Impact of Covid-19 in this report Maritime Real-Time Positioning System MARKET.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the Maritime Real-Time Positioning System MARKET is included in the present report. The influence of the novel coronavirus pandemic on the growth of the LASER MATERIALS Market is analyzed and depicted in the report.

Some of the companies competing in The Maritime Real-Time Positioning System MARKET are 

1. Advenica AB
2. Bae Systems PLC
3. Belden Incorporated (Grass Valley)
4. Deep Secure Ltd.
5. Fibersystem AB
6. Forcepoint
7. Fox-IT
8. Owl Cyber Defense
9. Rohde & Schwarz GmbH & Co
10. VADO Security Technologies Ltd.
    
    

Hardware, software, and services make up the hardware, software, and services segments of the maritime real-positioning system market. In the maritime industry, a variety of digital technologies are employed to improve efficiency and expedite the tracking and tracing process. Companies offer services in addition to the full system to take care of consumer needs whenever they arise.

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