Rising Global Trade and Passenger Shipping Fuel Marine Systems Market

The marine onboard communication and control systems market was valued at USD 8,733.2 million in 2023 and is expected to reach USD 14,496.2 million by 2030, growing at a CAGR of 7.7%. The increasing demand for various marine vessels is driven by the expanding seaborne trade. Global trade requires enhanced shipping capacity, leading to a higher demand for bulk carriers, container ships, oil & gas tankers, and cargo ships. Additionally, older vessels are being upgraded with modern technologies to meet industry standards and improve efficiency.


The rise in passenger shipping is also contributing to market growth, as larger and more advanced cruise ships and ferries are needed to accommodate increasing passenger volumes. Vessels are often replaced or retrofitted to comply with stringent industry regulations. This has spurred the adoption of newer technologies, replacing outdated fleets and less advanced ships. Economic growth and industrialization in developing nations have further boosted marine transport, driven by increasing demand for raw materials.

Key Insights:

  • APAC led the market in 2023, accounting for 50% of the share. This can be attributed to the growing shipping activity, defense modernization, and rising economies in the region. The increasing size of marine fleets and government initiatives to enhance port infrastructure and marine security are also driving demand for advanced communication and control systems.
  • The communication systems segment is projected to grow at a CAGR of 8%, driven by the need for effective communication to support navigation, maritime traffic, connectivity, and operational safety at sea.
  • In 2023, the commercial sector held the largest market share of 60%, driven by its role in supporting global trade, logistics, and the tourism industry. Commercial vessels rely on advanced communication and control systems for safety, navigation, and efficiency.
  • The defense segment is expected to grow at a faster pace, with a CAGR of 9%, due to the need for secure and reliable communication systems in naval vessels as part of global defense modernization efforts.
  • OEMs (Original Equipment Manufacturers) dominated the market in 2023, holding a 70% share. Their established presence, advanced technology offerings, and focus on R&D ensure that marine systems meet safety regulations and evolving market needs.

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