The Europe Maritime Digitization Market should witness market growth of 9.1% CAGR during the forecast period (2022-2028).
The widespread use of the internet, advancements in digital technology, and satellite communications have made multimodal maritime logistics networks transparent and connected. This is a crucial component of success for many businesses in the manufacturing and service sectors. Digital technologies have advanced into IT delivery models,pervasive computing (for example, IoT), mobile computing, blockchain, digital twins, robotics, virtual augmented &mixed reality,real-time data &related tools(for example big data), autonomous vessels & vehicles in ports.
For the past 20 years, merchant ships have already been outfitted with sensors that continuously update position, speed, and direction. This offers a hugely beneficial source for big data-based predictive analytics, which in turn provides information on the status of the supply chain. In addition, the technologies cater to various needs of various maritime logistics sector areas. IoT, for instance, enables the monitoring of every cargo management and activity within logistics centers to act quickly to address accidents or bottlenecks.
One of the major ports in Europe, the Port of Rotterdam is reputed to have the finest port infrastructure globally. This is due to the port authority's early decision to digitize operations and concentrate on accomplishing sustainable development objectives like paperless trade, etc. These procedures result in substantial cost reductions and increased operational effectiveness. Moreover, the Netherlands is regarded asthe first country on the planet to have created an automated terminal without a human operator and a crane quay without a human operator. The Port of Rotterdam continues to be the center of European maritime trade and aspires to serve as a focal point for Industry 4.0 in the region. Therefore, in the coming years, the region presents enormous growth potential for the advancement of the maritime digitization market.
The Germany market dominated the Europe Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18,265.9 Million by 2028. The UK market is anticipated to grow at a CAGR of 8.2% during (2022-2028). Additionally, The France market would exhibit a CAGR of 10% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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 widespread use of the internet, advancements in digital technology, and satellite communications have made multimodal maritime logistics networks transparent and connected. This is a crucial component of success for many businesses in the manufacturing and service sectors. Digital technologies have advanced into IT delivery models,pervasive computing (for example, IoT), mobile computing, blockchain, digital twins, robotics, virtual augmented &mixed reality,real-time data &related tools(for example big data), autonomous vessels & vehicles in ports.
For the past 20 years, merchant ships have already been outfitted with sensors that continuously update position, speed, and direction. This offers a hugely beneficial source for big data-based predictive analytics, which in turn provides information on the status of the supply chain. In addition, the technologies cater to various needs of various maritime logistics sector areas. IoT, for instance, enables the monitoring of every cargo management and activity within logistics centers to act quickly to address accidents or bottlenecks.
One of the major ports in Europe, the Port of Rotterdam is reputed to have the finest port infrastructure globally. This is due to the port authority's early decision to digitize operations and concentrate on accomplishing sustainable development objectives like paperless trade, etc. These procedures result in substantial cost reductions and increased operational effectiveness. Moreover, the Netherlands is regarded asthe first country on the planet to have created an automated terminal without a human operator and a crane quay without a human operator. The Port of Rotterdam continues to be the center of European maritime trade and aspires to serve as a focal point for Industry 4.0 in the region. Therefore, in the coming years, the region presents enormous growth potential for the advancement of the maritime digitization market.
The Germany market dominated the Europe Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18,265.9 Million by 2028. The UK market is anticipated to grow at a CAGR of 8.2% during (2022-2028). Additionally, The France market would exhibit a CAGR of 10% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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.
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Maritime Digitization Market, by Application
1.4.2 Europe Maritime Digitization Market, by End User
1.4.3 Europe Maritime Digitization Market, by Technology
1.4.4 Europe 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. Europe Maritime Digitization Market by Application
3.1 Europe Fleet Management Market by Country
3.2 Europe Vessel Management Market by Country
3.3 Europe Inventory Management Market by Country
3.4 Europe Energy Management Market by Country
3.5 Europe Predictive Maintenance Market by Country
Chapter 4. Europe Maritime Digitization Market by End User
4.1 Europe Ports & Terminals Market by Country
4.2 Europe Shipping Companies Market by Country
4.3 Europe Maritime Freight Forwarders Market by Country
Chapter 5. Europe Maritime Digitization Market by Technology
5.1 Europe IoT Market by Country
5.2 Europe AI Market by Country
5.3 Europe Blockchain Market by Country
5.4 Europe Others Market by Country
Chapter 6. Europe Maritime Digitization Market by Country
6.1 Germany Maritime Digitization Market
6.1.1 Germany Maritime Digitization Market by Application
6.1.2 Germany Maritime Digitization Market by End User
6.1.3 Germany Maritime Digitization Market by Technology
6.2 UK Maritime Digitization Market
6.2.1 UK Maritime Digitization Market by Application
6.2.2 UK Maritime Digitization Market by End User
6.2.3 UK Maritime Digitization Market by Technology
6.3 France Maritime Digitization Market
6.3.1 France Maritime Digitization Market by Application
6.3.2 France Maritime Digitization Market by End User
6.3.3 France Maritime Digitization Market by Technology
6.4 Russia Maritime Digitization Market
6.4.1 Russia Maritime Digitization Market by Application
6.4.2 Russia Maritime Digitization Market by End User
6.4.3 Russia Maritime Digitization Market by Technology
6.5 Spain Maritime Digitization Market
6.5.1 Spain Maritime Digitization Market by Application
6.5.2 Spain Maritime Digitization Market by End User
6.5.3 Spain Maritime Digitization Market by Technology
6.6 Italy Maritime Digitization Market
6.6.1 Italy Maritime Digitization Market by Application
6.6.2 Italy Maritime Digitization Market by End User
6.6.3 Italy Maritime Digitization Market by Technology
6.7 Rest of Europe Maritime Digitization Market
6.7.1 Rest of Europe Maritime Digitization Market by Application
6.7.2 Rest of Europe Maritime Digitization Market by End User
6.7.3 Rest of Europe 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
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