The Europe maritime information market is expected to grow from US$ 891.59 million in 2022 to US$ 1,292.08 million by 2028. It is estimated to grow at a CAGR of 6.4% from 2022 to 2028.
BAE Systems Plc; Fujitsu Limited; Iridium Communications Inc.; L3Harris Technologies Inc.; Lockheed Martin Corp; Northrop Grumman Corp; ONEOCEAN; ORBCOMM Inc.; Polestar; Saab AB; Siemens AG; Spire Global; Thales Group; and Windward Ltd are the leading companies operating in the Europe maritime information market.
Need for Efficient Management of Complex Supply Chain Operations is Driving the Europe Maritime Information Market
The marine industry is embracing digitalization in a bid to improve efficiency, build smarter ships and fleets, and attain readiness toward regional trade expansion. Supply networks are expanding and growing more complex with a rise in consumer demand. Marine businesses need to continuously work out and implement new strategies to maximize efficiencies and streamline supply chains in the fiercely competitive marketplace. The integration of innovative technologies such as AI, blockchain, IoT, and automation into maritime operations enables the easy arrangement of inventory data, tracking and management of ships, tracking of information, and generation of electronic invoices. Using these technologies, shipping businesses can reduce the amount of time spent shipping, receiving, tracking, and gathering order data. These technologies aid in streamlining existing procedures, developing fresh commercial prospects, and transforming supply networks. End users can successfully manage supply chain activities by leveraging design and simulation tools, warehouse management, transportation and yard management, and end-to-end logistics network control aided by maritime information. Additionally, stricter environmental regulations continue to influence the maritime transportation industry since transporters must save costs and ensure sustainability in operations. Thus, the increasing need to efficiently manage complex supply chain operations drives the demand for maritime information systems.Europe Maritime Information Market Overview
Germany, the UK, Russia, and the Rest of Europe are the key contributors to the maritime information market in the Europe. The European marine industry is driven by the recent development of frigates and offshore patrol boats, owing to their lethality, speed, and maneuverability. Furthermore, incidents such as an increase in illegal immigrant intrusions and drug trafficking in countries such as Italy, Spain, and Albania, have increased the demand for maritime information across the region. Additionally, maritime information has gained importance in the European region due to the growth of maritime trade and rapid globalization. The industry is also witnessing advances in technology that enable real-time data transmission. Furthermore, the European maritime information market is mainly driven by the growth of trade and tourism, where advanced Vessel traffic services (VTS) technology services are required to ensure optimal safe operation. In addition, the growing demand for advanced maritime security systems in countries such as Germany, the UK, France, and Italy is also driving the market. Commercial and government sectors widely use maritime intelligence to identify vessels, assist coast guards in search missions, curb human trafficking, and gather data about operations. In addition, maritime information systems analyze and manage various hazardous events, such as earthquakes in the ocean. Hence, increasing marine threats and rising demand for channel intelligence are expected to propel market growth. Several software companies are collaborating with leading shipping companies to offer end-to-end marine solutions, which is fueling the market growth. For instance, in April 2022, the internet of Things (IoT) solutions provider ORBCOMM Inc. collaborated with Hapag-Lloyd, a German-based shipping company, to offer ORBCOMM's latest telecommunications technology end-to-end visibility to its massive dry container fleet. Hapag-Lloyd is the first in the industry to use ORBCOMM's purpose-built dry bin IoT technology to increase efficiency. ORBCOMM's dry container telecommunications solution meets Hapag-Lloyd's requirements for anti-future technology, enabling compliance with certified marine industry safety standards.Europe Maritime Information Market Segmentation
The Europe maritime information market is segmented into platform, application, end-user, and country.- Based on platform, the Europe maritime information market is bifurcated into on-shore and vessel. In 2022, the vessel segment registered the larger share in the Europe maritime information market.
- Based on application, the Europe maritime information market is segmented into fleet management, vessel tracking, and maritime security. In 2022, the fleet management segment registered the largest share in the Europe maritime information market.
- Based on end-user, the Europe maritime information market is segmented into commercial and government. In 2022, the commercial segment registered the larger share in the Europe maritime information market.
- Based on country, the Europe maritime information market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In 2022, the Rest of Europe segment registered the largest share in the Europe maritime information market.
BAE Systems Plc; Fujitsu Limited; Iridium Communications Inc.; L3Harris Technologies Inc.; Lockheed Martin Corp; Northrop Grumman Corp; ONEOCEAN; ORBCOMM Inc.; Polestar; Saab AB; Siemens AG; Spire Global; Thales Group; and Windward Ltd are the leading companies operating in the Europe maritime information market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Maritime Information Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Maritime Information Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Need for Efficient Management of Complex Supply Chain Operations
5.1.2 Surge in Sea Trade and Increasing Maritime Budgets
5.1.3 Growing Adoption of Automatic Identification Systems
5.2 Market Restraints
5.2.1 Interoperability Issues and Cyber Threats
5.3 Market Opportunities
5.3.1 Development of Integrated Solutions to Lower Maritime Terrorism and Piracy
5.3.2 Rising Digitalization in Shipping Industry
5.4 Future Trends
5.4.1 Emergence of Big Data Analytics and IoT
5.4.2 Adoption of Cloud-Based Marine Information Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Maritime Information Market - Europe Market Analysis
6.1 Europe Maritime Information Market Overview
6.2 Europe Maritime Information Market Forecast and Analysis
7. Europe Maritime Information Market Analysis - By Platform
7.1 Overview
7.2 Europe Maritime Information Market, By Platform (2021 And 2028)
7.3 On-Shore
7.3.1 Overview
7.3.2 On-Shore: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
7.4 Vessel
7.4.1 Overview
7.4.2 Vessel: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Maritime Information Market Revenue and Forecast to 2028 - By Application
8.1 Overview
8.2 Europe Maritime Information Market, By Application (2021 And 2028)
8.3 Fleet Management
8.3.1 Overview
8.3.2 Fleet Management: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.4 Vessel Tracking
8.4.1 Overview
8.4.2 Vessel Tracking: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.5 Maritime Security
8.5.1 Overview
8.5.2 Maritime Security: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Maritime Information Market Revenue and Forecast to 2028 - End-User
9.1 Overview
9.2 Europe Maritime Information Market, By End-User (2021 And 2028)
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9.4 Government
9.4.1 Overview
9.4.2 Government: Europe Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
10. Europe Maritime Information Market - Country Analysis
10.1 Overview
10.1.1 Europe: Maritime Information Market, By Key Country
10.1.1.1 France: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 France: Maritime Information Market, By Platform
10.1.1.1.2 France: Maritime Information Market, By Application
10.1.1.1.3 France: Maritime Information Market, By End-User
10.1.1.2 Germany: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Germany: Maritime Information Market, By Platform
10.1.1.2.2 Germany: Maritime Information Market, By Application
10.1.1.2.3 Germany: Maritime Information Market, By End-User
10.1.1.3 UK: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UK: Maritime Information Market, By Platform
10.1.1.3.2 UK: Maritime Information Market, By Application
10.1.1.3.3 UK: Maritime Information Market, By End-User
10.1.1.4 Italy: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Italy: Maritime Information Market, By Platform
10.1.1.4.2 Italy: Maritime Information Market, By Application
10.1.1.4.3 Italy: Maritime Information Market, By End-User
10.1.1.5 Russia: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Maritime Information Market, By Platform
10.1.1.5.2 Russia: Maritime Information Market, By Application
10.1.1.5.3 Russia: Maritime Information Market, By End-User
10.1.1.6 Rest of Europe: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Maritime Information Market, By Platform
10.1.1.6.2 Rest of Europe: Maritime Information Market, By Application
10.1.1.6.3 Rest of Europe: Maritime Information Market, By End-User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 BAE Systems Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Spire Global
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Iridium Communications Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 L3Harris Technologies Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lockheed Martin Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ORBCOMM Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Saab AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Thales Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Windward Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Northrop Grumman Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Polestar
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 ONEOCEAN
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Fujitsu Limited
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Siemens AG
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
Table 1. Europe Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. France: Maritime Information Market, By Platform -Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Maritime Information Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Maritime Information Market, By End-User -Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Maritime Information Market, By Platform -Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Maritime Information Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Maritime Information Market, By End-User -Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Maritime Information Market, By Platform -Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Maritime Information Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Maritime Information Market, By End-User -Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Maritime Information Market, By Platform -Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Maritime Information Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Maritime Information Market, By End-User -Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Maritime Information Market, By Platform -Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Maritime Information Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Maritime Information Market, By End-User -Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Maritime Information Market, By Platform -Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Maritime Information Market, By Application -Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Maritime Information Market, By End-User -Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
Figure 1. Europe Maritime Information Market Segmentation
Figure 2. Europe Maritime Information Market Segmentation - By Country
Figure 3. Europe Maritime Information Market Overview
Figure 4. Vessel Segment held the Largest Share of Europe Maritime Information Market
Figure 5. Fleet Management Segment held the Largest Share of Europe Maritime Information Market
Figure 6. Commercial Segment held the Largest Share of Europe Maritime Information Market
Figure 7. Rest of Europe to Show Great Traction During Forecast Period
Figure 8. Europe - PEST Analysis
Figure 9. Ecosystem Analysis: Europe Maritime Information Market
Figure 10. Expert Opinion
Figure 11. Europe Maritime Information Market: Impact Analysis of Drivers and Restraints
Figure 12. Europe Maritime Information Market Forecast and Analysis (US$ Million)
Figure 13. Europe Maritime Information Market, By Platform (2021 and 2028)
Figure 14. On-Shore: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Vessel: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Maritime Information Market, By Application (2021 and 2028)
Figure 17. Fleet Management: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Vessel Tracking: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Maritime Security: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Maritime Information Market, By End-User (2021 and 2028)
Figure 21. Commercial: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Government: Europe Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: Maritime Information Market, By Key Country- Revenue (2021)
Figure 24. Europe: Maritime Information Market Revenue Share, By Key Country (2021 and 2028)
Figure 25. France: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Germany: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Russia: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- BAE Systems Plc
- Fujitsu Limited
- Iridium Communications Inc.
- L3Harris Technologies Inc.
- Lockheed Martin Corp
- Northrop Grumman Corp
- ONEOCEAN
- ORBCOMM Inc.
- Polestar
- Saab AB
- Siemens AG
- Spire Global
- Thales Group
- Windward Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 160 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 891.59 Million |
| Forecasted Market Value ( USD | $ 1292.08 Million |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 14 |
