Boat and Ship Telematics Market Outlook Scenario Planning & Strategic Insights for 2034

Boat and Ship Telematics Market Size, Trends, Disruptors & Competitive Strategy

The boat and ship telematics market is projected to reach USD 7.33 billion by 2034, expanding from USD 3.18 billion in 2025, at an annual growth rate of 9.72% during the forecast period from 2025 to 2034.

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Introduction

The boat and ship telematics market is a prominent branch of the marine industry. This industry deals in developing solutions for tracking boats and ships across the world. There are various components of these solutions including hardware, software and services. These solutions use different types of technologies such as GPS tracking, satellite communication, IoT enabled devices, telematics software and some others. It finds numerous applications in fleet management, navigation and safety, cargo management, performance monitoring and others. The end-users of these solutions include commercial vessels, private yachts, cargo ships, fishing boats and some others. The rising use of maritime transportation for import and export of goods in different nations has boosted the market expansion. This market is expected to rise significantly with the growth of the telematics industry around the globe.

• According to the Advantage Austria Organization, the shipping volume of export from Austria in 2023 reached 2017661 tons and the import volume reached 2742020 tons during the same time period.

Highlights of the Boat and Ship Telematics Market

• North America held the highest share of the boat and ship telematics market due to the growing sales of commercial ships in this region.
• Europe is expected to grow with a significant CAGR due to the rising cross-border trade activities in this region.
• The fleet management segment led the industry due to increase in number of marine fleet operators around the globe.
• The GPS tracking segment held the largest portion of the industry due to the rapid adoption of GPS tracking solutions in ships and boats.

Key Metrics and Overview

Boat and Ships Telematics: Trends in the Industry

• The recreational watercraft companies have started partnering with telematics solution providers for enhancing marine operations. For instance, in April 2025, STW Technic partnered with Osmosis. This partnership is done for developing advanced telematics hardware for recreational watercrafts manufactured by Osmosis.
• Government of several countries are investing heavily for developing green shipping infrastructure in different parts of the world. For instance, in March 2025, the International Finance Corporation of India announced to invest around US$ 250 million. This investment is done for enhancing the green shipping infrastructure across India.
• Numerous telematics brands are developing new telematics solutions integrated with GNSS technology to enhance shipping activities. For instance, in April 2025, Teledyne launched Intrepid System. This system is based on GNSS technology designed for tracking different types of boats and ships in the international waterways.
• Several companies are launching new tracking system for enhancing the capabilities of maritime fleet operators across the world. For instance, in February 2025, Thermoking launched TracKing Smart Trailer telematics. This tracking solution is designed for marine fleet providers to monitor numerous activities in vessels.

Industry Leader Announcement

In November 2024, Richard Threlfall, the Associates Director and New Energy and Integration at Lead LRW Engineering made an announcement stating that, “We’re really excited to be launching ShieldStream to the marine market. The solution enables users to anticipate issues such as diagnostic events or high temperatures before they become a serious problem. And that is key to improve marine reliability and efficiency, we’re also anticipating significant demand for the Pro versions including the Battery Pro which will be a key piece of kit as it handles all the battery data management which the EU is mandating from 2027.”

Geographical Insights

North America held the largest share of the boat and ship telematics market. The growing trend of connected smart ship in countries such as the U.S. and Canada has boosted the market growth. Also, the rapid expansion of e-commerce industry along with rising government initiatives aimed at strengthening the marine infrastructure is crucial for the industrial expansion. Moreover, the presence of various market players such as Garmin LTD, Zebra Technologies, Flir Systems, Inc. and some others is projected to drive the growth of the boat and ship telematics market in this region.

Competitive Landscape

The boat and ship telematics market is developing industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Furuno, Tamarack Aerospace, Marlink, Sperry Marine, Cisco, Kongsberg Gruppen, AWD Technologies, MTS Systems and some others. These companies are constantly engaged in developing telematics solutions for tracking marine vehicles and adopting numerous strategies to maintain their dominant position in this industry.

• According to the annual report of Kongsberg, the revenue of the ocean technologies segment in 2023 was 1703 Norwegian Krone million that increased to 2217 Norwegian Krone million in 2024.

Boat and Ship Telematics Market Segments

By Application

• Fleet Management
• Navigation and Safety
• Cargo Management
• Performance Monitoring

By Technology

• GPS Tracking
• Satellite Communication
• IoT Enabled Devices
• Telematics Software

By End Use

• Commercial Vessels
• Private Yachts
• Cargo Ships
• Fishing Boats

By Connectivity Type

• Cellular
• Satellite
• Wi-Fi
• Bluetooth

By Region

• North America
• Europe
• South America
• Asia Pacific