The Asia Pacific Maritime Digitization Market should witness market growth of 10.2% CAGR during the forecast period (2022-2028).
The maritime digitization market is expanding due to rising consumer demand for efficiency and cost savings. The automation of procedures and data analysis made possible by digitization can boost productivity and save expenses in the maritime sector. Moreover, digitization can help marine industry stakeholders, including shipping firms, logistics providers, and ports,communicate and work together more effectively, resulting in more profitable operations. The development of emerging technologies like AI and ML, as well as the growing significance of customer satisfaction, are also promoting digitalization. Rising demand for cutting-edge maritime digitization solutions based on AI/MLwill create an enormously profitable potential for market participants.
Also, it is anticipated that the use of digital channels for managingthe supply chain will increase in the future as they increase the efficiency and transparency of logistical operations. The maritime sector is also concentrating on lowering its carbon footprint as well as utilizing renewable energy sources in response to the increased emphasis on sustainability. As more businesses and organizations use these technologies to boost productivity, cut costs, improve safety and security, and make the marine sector more sustainable, the market for maritime digitization is expected to expand in the future.
China is encouraging the development of smart port pilot programs at 11 ports in four domains, comprising intelligent port operation, improved safety management, business model innovation, and logistics integration. To make them the finest in the world at intelligent port operation, the government is working particularly hard to fully automate target ports, including those at Qingdao, Xiamen,and Shanghai. By developing government-level smart port development and supporting plans for adopting cutting-edge technologies, the Ministry of Transport (MOT) seeks to enhance safety, realize eco-friendliness, and improve efficiency, among other things. Therefore, numerous government initiatives aiming at increasing the digitization of ports and maritime sector are promoting the growth of the market.
The China market dominated the Asia Pacific Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20,703.5 Million by 2028. The Japan market is experiencing a CAGR of 9.5% during (2022-2028). Additionally, The India market would display a CAGR of 10.9% during (2022-2028).
Based on Application, the market is segmented into Fleet Management, Vessel Management, Inventory Management, Energy Management, and Predictive Maintenance. Based on End-user, the market is segmented into Ports & Terminals, Shipping Companies, and Maritime Freight Forwarders. Based on Technology, the market is segmented into IoT, AI, Blockchain, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Windward Ltd., Inmarsat Global Limited (Connect Bidco Limited), Lockheed Martin Corporation, Spire Global, Inc., Iridium Communications Inc., Orbcomm, Inc. (GI Partners L.P.), MariApps Marine Solutions Pte Ltds (Schulte Group), Marine Solutionz Ship Management Pvt. Ltd., xyzt.ai BV, and Perle Systems Inc.
The maritime digitization market is expanding due to rising consumer demand for efficiency and cost savings. The automation of procedures and data analysis made possible by digitization can boost productivity and save expenses in the maritime sector. Moreover, digitization can help marine industry stakeholders, including shipping firms, logistics providers, and ports,communicate and work together more effectively, resulting in more profitable operations. The development of emerging technologies like AI and ML, as well as the growing significance of customer satisfaction, are also promoting digitalization. Rising demand for cutting-edge maritime digitization solutions based on AI/MLwill create an enormously profitable potential for market participants.
Also, it is anticipated that the use of digital channels for managingthe supply chain will increase in the future as they increase the efficiency and transparency of logistical operations. The maritime sector is also concentrating on lowering its carbon footprint as well as utilizing renewable energy sources in response to the increased emphasis on sustainability. As more businesses and organizations use these technologies to boost productivity, cut costs, improve safety and security, and make the marine sector more sustainable, the market for maritime digitization is expected to expand in the future.
China is encouraging the development of smart port pilot programs at 11 ports in four domains, comprising intelligent port operation, improved safety management, business model innovation, and logistics integration. To make them the finest in the world at intelligent port operation, the government is working particularly hard to fully automate target ports, including those at Qingdao, Xiamen,and Shanghai. By developing government-level smart port development and supporting plans for adopting cutting-edge technologies, the Ministry of Transport (MOT) seeks to enhance safety, realize eco-friendliness, and improve efficiency, among other things. Therefore, numerous government initiatives aiming at increasing the digitization of ports and maritime sector are promoting the growth of the market.
The China market dominated the Asia Pacific Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20,703.5 Million by 2028. The Japan market is experiencing a CAGR of 9.5% during (2022-2028). Additionally, The India market would display a CAGR of 10.9% during (2022-2028).
Based on Application, the market is segmented into Fleet Management, Vessel Management, Inventory Management, Energy Management, and Predictive Maintenance. Based on End-user, the market is segmented into Ports & Terminals, Shipping Companies, and Maritime Freight Forwarders. Based on Technology, the market is segmented into IoT, AI, Blockchain, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Windward Ltd., Inmarsat Global Limited (Connect Bidco Limited), Lockheed Martin Corporation, Spire Global, Inc., Iridium Communications Inc., Orbcomm, Inc. (GI Partners L.P.), MariApps Marine Solutions Pte Ltds (Schulte Group), Marine Solutionz Ship Management Pvt. Ltd., xyzt.ai BV, and Perle Systems Inc.
Scope of the Study
By Application
- Fleet Management
- Vessel Management
- Inventory Management
- Energy Management
- Predictive Maintenance
By End-user
- Ports & Terminals
- Shipping Companies
- Maritime Freight Forwarders
By Technology
- IoT
- AI
- Blockchain
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Windward Ltd.
- Inmarsat Global Limited (Connect Bidco Limited)
- Lockheed Martin Corporation
- Spire Global, Inc.
- Iridium Communications Inc.
- Orbcomm, Inc. (GI Partners L.P.)
- MariApps Marine Solutions Pte Ltds (Schulte Group)
- Marine Solutionz Ship Management Pvt. Ltd.
- xyzt.ai BV
- Perle Systems Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Maritime Digitization Market, by Application
1.4.2 Asia Pacific Maritime Digitization Market, by End User
1.4.3 Asia Pacific Maritime Digitization Market, by Technology
1.4.4 Asia Pacific Maritime Digitization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Maritime Digitization Market by Application
3.1 Asia Pacific Fleet Management Market by Country
3.2 Asia Pacific Vessel Management Market by Country
3.3 Asia Pacific Inventory Management Market by Country
3.4 Asia Pacific Energy Management Market by Country
3.5 Asia Pacific Predictive Maintenance Market by Country
Chapter 4. Asia Pacific Maritime Digitization Market by End User
4.1 Asia Pacific Ports & Terminals Market by Country
4.2 Asia Pacific Shipping Companies Market by Country
4.3 Asia Pacific Maritime Freight Forwarders Market by Country
Chapter 5. Asia Pacific Maritime Digitization Market by Technology
5.1 Asia Pacific IoT Market by Country
5.2 Asia Pacific AI Market by Country
5.3 Asia Pacific Blockchain Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Maritime Digitization Market by Country
6.1 China Maritime Digitization Market
6.1.1 China Maritime Digitization Market by Application
6.1.2 China Maritime Digitization Market by End User
6.1.3 China Maritime Digitization Market by Technology
6.2 Japan Maritime Digitization Market
6.2.1 Japan Maritime Digitization Market by Application
6.2.2 Japan Maritime Digitization Market by End User
6.2.3 Japan Maritime Digitization Market by Technology
6.3 India Maritime Digitization Market
6.3.1 India Maritime Digitization Market by Application
6.3.2 India Maritime Digitization Market by End User
6.3.3 India Maritime Digitization Market by Technology
6.4 South Korea Maritime Digitization Market
6.4.1 South Korea Maritime Digitization Market by Application
6.4.2 South Korea Maritime Digitization Market by End User
6.4.3 South Korea Maritime Digitization Market by Technology
6.5 Singapore Maritime Digitization Market
6.5.1 Singapore Maritime Digitization Market by Application
6.5.2 Singapore Maritime Digitization Market by End User
6.5.3 Singapore Maritime Digitization Market by Technology
6.6 Australia Maritime Digitization Market
6.6.1 Australia Maritime Digitization Market by Application
6.6.2 Australia Maritime Digitization Market by End User
6.6.3 Australia Maritime Digitization Market by Technology
6.7 Rest of Asia Pacific Maritime Digitization Market
6.7.1 Rest of Asia Pacific Maritime Digitization Market by Application
6.7.2 Rest of Asia Pacific Maritime Digitization Market by End User
6.7.3 Rest of Asia Pacific Maritime Digitization Market by Technology
Chapter 7. Company Profiles
7.1 Windward Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Inmarsat Global Limited (Connect Bidco Limited)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Research & Development Expenses
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.3 Lockheed Martin Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Spire Global, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.5 Iridium Communications Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.6 Orbcomm, Inc. (GI Partners L.P.)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 MariApps Marine Solutions Pte Ltds (Schulte Group)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Marine Solutionz Ship Management Pvt. Ltd.
7.8.1 Company Overview
7.9 xyzt.ai BV
7.9.1 Company Overview
7.10. Perle Systems Inc.
7.10.1 Company Overview
Companies Mentioned
- Windward Ltd.
- Inmarsat Global Limited (Connect Bidco Limited)
- Lockheed Martin Corporation
- Spire Global, Inc.
- Iridium Communications Inc.
- Orbcomm, Inc. (GI Partners L.P.)
- MariApps Marine Solutions Pte Ltds (Schulte Group)
- Marine Solutionz Ship Management Pvt. Ltd.
- xyzt.ai BV
- Perle Systems Inc.
Methodology
LOADING...
