Marine Internet of Things (IoT) Market Share

APAC Market Insights

Asia Pacific in the marine IoT market is anticipated to garner the largest share of 42.3% by the end of 2035. The market’s upliftment in the overall region is highly propelled by an increase in the concentration of the world’s busiest ports, huge shipbuilding sectors, focus on fixed and mobile performance, and extended coastlines demanding robust monitoring. Besides, according to an article published by the World Bank Organization in January 2025, the 20^th OneSouthAsia Conversation, based on the collaboration with the Commercial Law Development Program of the U.S. Department of Commerce, focused on maritime ports and ongoing development by providing an estimated USD 73 billion, denoting a huge growth opportunity for the market.

The marine IoT market in China is growing significantly, owing to the presence of huge shipbuilding output and tactical Digital Silk Road investments, along with the government’s initiative to successfully integrate IoT into its domestic manufacturing strategy through the Ministry of Industry and Information Technology (MIIT). As stated in the March 2024 Geostrategy Organization article, organizations in the country have gained a monopoly in supply through IoT modules and account for more than 60% of the international market. These companies include MeiG, accounting for a 4.3% share, followed by China Mobile with 5.2%, Sunsea AioT WITH 5.3%, Fibocom with 7.5%, and Quectel with 38.5%.

The marine IoT market in South Korea is also growing due to the existence of notable shipbuilding conglomerates and generous contributions initiated by domestic organizations to incorporate automated navigation systems. In addition, the country is also well equipped with wide-ranging IoT platforms to ensure real-time performance monitoring that has set a high industrial standard. Besides, the December 2023 ITA data report indicated that the cybersecurity market in the country has been valued at USD 3,975 million, along with USD 2,728.5 million for system and product, USD 1,246.4 million for consulting and services, and USD 1,145 million for exchange rate, all of which are positively impacting the market.

Mobile and Fixed-Line Internet Performance in Asia-Based Countries

Source: UNCTAD Organization

Europe Market Insights

Europe marine IoT market is expected to emerge as the fastest-growing region during the projected period. The market’s development in the overall region is propelled by the aspect of region’s Fit for 55 and Green Deal package, directly incentivizing the integration of IoT for verification, reporting, and emissions monitoring. In addition, generous investments in hinterland connectivity and port digitalization have been exemplified by projects through the Connecting Europe Facility (CEF). Meanwhile, the region’s robust maritime technology ecosystem, such as Kongsberg and Wärtsilä, has accelerated advancement in data-based solutions for fleet improvement, as well as predictive maintenance.

The marine internet of things (IoT) market in Germany is gaining increased exposure, owing to the aspect of equipment manufacturing and powerhouse shipbuilding sector, which is increasingly adopting IoT into complex vessel systems. As per an article published by the ITA in August 2025, the digital economy field in the country has witnessed effective and stabilized development, with a valuation of USD 250 billion as of 2024, denoting an increase from USD 239 billion as of 2023. Therefore, this indicates a massive growth opportunity for digitized and automated shipping processes, which in turn is uplifting the overall market in the country.

The marine internet of things (IoT) market in the UK is also developing due to the requirement of transparency in data to cater to strict protection and indemnity club needs, along with the aspect of complying with emerging carbon intensity regulations. Besides, the UK Department for Transport's Clean Maritime Plan has successfully mandated zero-emission shipping and pushed investment in IoT majorly for ensuring performance monitoring. Meanwhile, the Maritime and Coastguard Agency (MCA) has readily made alignment with IMO policies to secure IoT-based data transmission, denoting an optimistic outlook of the overall market in the country.

North America Market Insights

North America market is projected to grow steadily by the end of the forecast duration. The market’s growth in the region is extremely driven by innovative technological integration, the presence of strict administrative standards, and modernization in the U.S. Coast Guard fleet, which is readily supported by federal strategies. According to an article published by the U.S. Department of State in April 2022, green shipping will emerge as the ultimate emitter, and by the end of 2050, emissions from the industry are predicted to surge to 50% from previous years, which is rapidly uplifting the demand for IoT-specific emission monitoring.

The marine internet of things (IoT) market in the U.S. is gaining increased traction, owing to the existence of substantial federal investment in modernized port infrastructure and maritime security. In addition, the adoption of IoT with the Department of Defense platforms has been successful in boosting Maritime Domain Awareness. Besides, as per an article published by the U.S. Department of State in September 2025, there has been a generous investment of USD 1.5 billion for over 8 years to bolster maritime security in the overall country through different programs and approaches to ensure protection, thereby making it suitable for boosting the market’s exposure.

The marine internet of things (IoT) market in Canada is also developing due to its focus on enabling safe Arctic navigation, remote coastlines, and safeguarding capabilities, along with an increase in government expenditure on protection plans, which has created a significant need for vessel traffic management and coastal monitoring. As mentioned in the February 2025 Government of Canada article, the Minister of Transport and Internal Trade declared a generous investment of more than USD 125 million under the Ocean’s Protection Plan, with the intention of strengthening marine safety across 47 communities in the country, thus making it suitable for the market’s growth.