Dublin, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The "North America Maritime Real-time Positioning System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Component, Technology, Application, and Vessel Type" report has been added to ResearchAndMarkets.com's offering.
North America Maritime Real-time Positioning System Market is expected to reach US$ 521.95 million by 2027 from US$ 64.28 million in 2019. The market is estimated to grow at a CAGR of 30.4 % from 2020 to 2027.
The report provides trends prevailing in the North America maritime real-time positioning system market along with the drivers and restraints pertaining to the market growth. Growing use of RFID in shipping industry and increase in the number of cargo vessels are the major factor driving the growth of the North America maritime real-time positioning system market. However, technical complexities and scarcity of skilled workforce hinder the growth of North America maritime real-time positioning system market.
Further, in case of COVID-19, North America is highly affected specially the US. The North America region is a crucial region for the demand of maritime solutions owing to the presence of developed countries such as the US and Canada in this region. Logistics and transportation is an essential element for the smooth operations of any industry including FMCG, healthcare, retail, automotive and others, where shipping contributes a substantial share in the global logistics and transportation sector.
The continuous growth in the number of infected individuals has led the North American government to impose lockdown across the nation's borders which has affected the North America maritime real-time positioning system market badly. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American countries which has also affected the maritime real-time positioning system market negatively in the region
Envision Enterprise Solutions America Inc., MER Group, ORBCOMM Inc., SHIPCOM WIRELESS Inc., Zebra Technologies Corporation are among the leading companies in the North America maritime real-time positioning system market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Saab, ORBCOMM and AAC Clyde Space declared introduced space-based communication for the maritime sector through the new automatic tracking standard, VHF Data Exchange System (VDES).
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. North America Maritime Real-time Positioning System Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Expert Opinion
4.4 Porter's Five Forces Analysis
5. North America Maritime Real-time Positioning System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Use of RFID in Shipping Industry
5.1.2 Increase in the Number of Cargo Vessels
5.2 Market Restraint
5.2.1 Technical Complexities and Scarcity of Skilled Workforce
5.3 Market Opportunity
5.3.1 Up Surging Growth Potential
5.4 Market Trend
5.4.1 Development of Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Maritime Real-time Positioning System Market - North America Analysis
6.1 North America Maritime Real-time Positioning System Market Overview
6.2 North America Maritime Real-time Positioning System Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Market Players Ranking
7. North America Maritime Real-time Positioning System Market Analysis - by Component
7.1 Overview
7.2 North America 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
7.3.2.2 Tags/Badges
7.3.2.3 Others
7.4 Software
7.5 Services
8. North America Maritime Real-time Positioning System Market - by Application
8.1 Overview
8.2 North America Maritime Real-time Positioning System Market, by Application (2019 and 2027)
8.3 Fleet Management
8.4 Inventory and Asset Management
8.5 Crew Tracking
9. North America Maritime Real-time Positioning System Market Analysis - by Technology
9.1 Overview
9.2 North America Maritime Real-time Positioning System Market, by Technology (2019 and 2027)
9.3 RFID
9.4 GPS
10. North America Maritime Real-time Positioning System Market Analysis - by Vessel Type
10.1 Overview
10.2 North America Maritime Real-time Positioning System Market, by Vessel Type (2019 and 2027)
10.3 Fishing Vessels
10.4 Cargo Vessels
10.5 Service Vessels
10.6 Passenger Ships and Ferries
11. North America Maritime Real-Time Positioning System Market - Country Analysis
12. Impact of COVID-19 Outbreak
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
- Envision Enterprise Solutions America Inc.
- MER Group
- ORBCOMM Inc.
- SHIPCOM WIRELESS Inc.
- Zebra Technologies Corporation
For more information about this report visit https://www.researchandmarkets.com/r/pv2vfb
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