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Global Maritime Information Market: By Application: Maritime Information Analytics, Maritime Information Provision, Vessel Tracking, Automatic Identification System; By End Use: Government, Commercial; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Maritime Information Market Outlook
The global maritime information market reached a value of about USD 1367 million in 2020. The market is further expected to grow at a CAGR of about 8.5% in the forecast period of 2021-2026 to reach a value of about USD 2230 million by 2026.
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Europe is the leading maritime information market with the highest market share. This rise is motivated by the important role of the marine sector in providing the European economy with jobs and incomes. The Asia Pacific is also witnessing a rapid growth in the market. The Asia Pacific waters have increased foreign trade, and therefore, more ships are moving via the region. Port infrastructure in Asia is mostly new, and many new ports in countries, including China, Korea, Japan, and Malaysia, are increasing. In order to tackle potential challenges, it needs an updated maritime information system.
Properties and Applications
Maritime navigation has been used for commerce, travel as well as protection purposes for generations. The emergence of the digital revolution in maritime navigation has helped users collect valuable information on port `+and waterway activities. Maritime information systems help vessels respond to the unpredictable sea environment by tracking multiple criteria to make better tactical and strategic decisions for users and organizations. As a consequence, these technologies are used to collect data on ownership, movements, requirements, and trading activities.
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It finds wide applications in the following:
- Maritime Information Analytics
- Maritime Information Provision
- Vessel Tracking
- AIS (Automatic Identification System)
The end-use segments in the industry can be categorised as follows:
- Government
- Defence
- Intelligence and Security
- Search and Rescue
- Government Agency
- Others
- Commercial
- Port Management
- Business Intelligence
- Commercial Fishing
- Commercial Shipping
- Hydrographic and Charting
- Commercial Offshore
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
Since maritime information solutions play an important role in guaranteeing the protection of the economy, the governing authorities worldwide are commonly used. Such approaches help nations reduce maritime threats like trafficking in human beings, terrorist assaults, degradation of the environment, and illegal immigration by sea. Furthermore, due to the liberalisation of world trade, the number of ships that cross the oceans have risen significantly, which in turn increases the need for these solutions. Recent strict regulations have been enforced by the International Maritime Organization (IMO), making it mandatory for all ships to operate with the Automatic Identification System (AIS) to track maritime traffic and avoid collisions with other ships. Therefore, manufacturers are funding accurate signal detection from naval vessels in research and development activities. These factors are driving the growth of the global maritime information market further.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global maritime information market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Inmarsat Global Limited
- L3Harris Technologies, Inc.
- ORBCOMM
- Raytheon Technologies
- exactEarth Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Maritime Information Market Analysis
8.1 Key Industry Highlights
8.2 Global Maritime Information Historical Market (2016-2020)
8.3 Global Maritime Information Market Forecast (2021-2026)
8.4 Global Maritime Information Market by Application
8.4.1 Maritime Information Analytics
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Maritime Information Provision
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Vessel Tracking
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 AIS (Automatic Identification System)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.5 Global Maritime Information Market by End Use
8.5.1 Government
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.1.4 Breakup by Segment
8.5.1.4.1 Defence
8.5.1.4.1.1 Market Share
8.5.1.4.1.2 Historical Trend (2016-2020)
8.5.1.4.1.3 Forecast Trend (2021-2026)
8.5.1.4.2 Intelligence and Security
8.5.1.4.2.1 Market Share
8.5.1.4.2.2 Historical Trend (2016-2020)
8.5.1.4.2.3 Forecast Trend (2021-2026)
8.5.1.4.3 Search and Rescue
8.5.1.4.3.1 Market Share
8.5.1.4.3.2 Historical Trend (2016-2020)
8.5.1.4.3.3 Forecast Trend (2021-2026)
8.5.1.4.4 Government Agency
8.5.1.4.4.1 Market Share
8.5.1.4.4.2 Historical Trend (2016-2020)
8.5.1.4.4.3 Forecast Trend (2021-2026)
8.5.1.4.5 Others
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.2.4 Breakup by Segment
8.5.2.4.1 Port Management
8.5.2.4.1.1 Market Share
8.5.2.4.1.2 Historical Trend (2016-2020)
8.5.2.4.1.3 Forecast Trend (2021-2026)
8.5.2.4.2 Business Intelligence
8.5.2.4.2.1 Market Share
8.5.2.4.2.2 Historical Trend (2016-2020)
8.5.2.4.2.3 Forecast Trend (2021-2026)
8.5.2.4.3 Commercial Fishing
8.5.2.4.3.1 Market Share
8.5.2.4.3.2 Historical Trend (2016-2020)
8.5.2.4.3.3 Forecast Trend (2021-2026)
8.5.2.4.4 Commercial Shipping
8.5.2.4.4.1 Market Share
8.5.2.4.4.2 Historical Trend (2016-2020)
8.5.2.4.4.3 Forecast Trend (2021-2026)
8.5.2.4.5 Hydrographic and Charting
8.5.2.4.5.1 Market Share
8.5.2.4.5.2 Historical Trend (2016-2020)
8.5.2.4.5.3 Forecast Trend (2021-2026)
8.5.2.4.6 Commercial Offshore
8.5.2.4.6.1 Market Share
8.5.2.4.6.2 Historical Trend (2016-2020)
8.5.2.4.6.3 Forecast Trend (2021-2026)
8.5.2.4.7 Others
8.6 Global Maritime Information Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Players’ Profiles
3.3.1 Inmarsat Global Limited
12.3.1.1 Company Overview
12.3.1.2 Demographic Reach and Achievements
12.3.1.3 Certifications
12.3.2 L3Harris Technologies, Inc.
12.3.2.1 Company Overview
12.3.2.2 Demographic Reach and Achievements
12.3.2.3 Certifications
12.3.3 ORBCOMM
12.3.3.1 Company Overview
12.3.3.2 Demographic Reach and Achievements
12.3.3.3 Certifications
12.3.4 Raytheon Technologies
12.3.4.1 Company Overview
12.3.4.2 Demographic Reach and Achievements
12.3.4.3 Certifications
12.3.5 exactEarth Ltd.
12.3.5.1 Company Overview
12.3.5.2 Demographic Reach and Achievements
12.3.5.3 Certifications
12.3.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Maritime Information Market: Key Industry Highlights, 2016 and 2026
2. Global Maritime Information Historical Market: Breakup by Application (USD Billion), 2016-2020
3. Global Maritime Information Market Forecast: Breakup by Application (USD Billion), 2021-2026
4. Global Maritime Information Historical Market: Breakup by End Use (USD Billion), 2016-2020
5. Global Maritime Information Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6. Global Maritime Information Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Maritime Information Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Maritime Information Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Maritime Information Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Maritime Information Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Maritime Information Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Maritime Information Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Maritime Information Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Maritime Information Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Maritime Information Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Maritime Information Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Maritime Information Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Maritime Information Market Structure
Key Questions Answered in the Report
In 2020, the global maritime information market attained a value of nearly USD 1367 million.
The market is projected to grow at a CAGR of 8.5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2230 million by 2026.
The major drivers of the industry, such as the growth of the marine sector, increased globalisation, growth in foreign trade, and the implementation of stringent government regulations, are expected to aid the market growth.
The key market trends guiding the growth of the maritime information market include the growing investment in research and development activities and rapid technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Europe accounting for the largest share in the market.
Maritime information analytic and provision, along with vessel tracking and AIS (Automatic Identification System), are the major application sectors in the industry.
The significant end use segments in the industry include government and commercial sectors.
The major players in the industry are Inmarsat Global Limited, L3Harris Technologies, Inc., ORBCOMM, Raytheon Technologies, and exactEarth Ltd., among others.
Analyst Review
The global maritime information market attained a value of USD 1367 million in 2020, driven by the increased demand for enhanced maritime solutions and growth in foreign trade activities. Aided by the growing research and development activities and technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.5%. The market is projected to reach USD 2230 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its applications, the industry can be segmented into maritime information analytics, maritime information provision, vessel tracking, and AIS (Automatic Identification System). On the basis of end-use sectors, the industry is categorised into government and commercial sectors. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include Inmarsat Global Limited, L3Harris Technologies, Inc., ORBCOMM, Raytheon Technologies, and exactEarth Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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