Marine Internet of Things (IoT) Market Outlook:
Marine Internet of Things (IoT) Market size was USD 7.3 billion in 2025 and is anticipated to reach USD 14.2 billion by the end of 2035, increasing at a CAGR of 7.7% during the forecast period, i.e., 2026-2035. In 2026, the industry size of the marine internet of things (IoT) is assessed at USD 7.8 billion.
The marine internet of things market is attributed to intense growth, owing to factors such as the sudden shift towards platforms for products, an increase in remote-controlled and autonomous vessels, and the existence of cybersecurity as a foundational element. According to an article published by NLM in February 2022, shipping is considered a global business that has significantly employed 1.6 million seafarers, and also carries almost 90% of international freight. Besides, the aspect of labor expenses can account for nearly 30% of overall costs, hence the ideology of autonomous ships is gaining increased traction.
Furthermore, as stated in the December 2022 ESCAP data report, India comprises a huge maritime industry, with 12 ports and 205 non-major ports, along with a 7,500 km long coastline. In addition, 95% of the country’s overall trade volume, as well as 70% of its trade value, is transport; there is a huge demand for the marine internet of things market in the country. Besides, there are ongoing developments for fully automated ships, with the inclusion of different technologies, such as remote monitoring, strong communications, and sensor fusion, as core components of the market. On the contrary, the aspect of partnerships and collaborations among organizations is also bolstering the market’s exposure.
