Maritime Information Market size to grow by USD 1,013.78 million from 2022 to 2027|Need to comply with strict regulations to drive the market- Technavio

NEW YORK, July 5, 2023 /PRNewswire/ — The maritime information market size is estimated to grow by USD 1,013.78 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.97%. The growth momentum will progress during the forecast period. Europe is estimated to contribute 43% of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. To ensure safety and maintain efficient operations, European ports are adopting maritime information solutions. For example, the European Maritime Safety Agency (EMSA) delivers SafeSeaNet, a vessel traffic monitoring and information system. Moreover, this system improves maritime safety, port and maritime security, marine environment safety, and the efficiency of maritime traffic and maritime transport. Therefore, such factors will boost the growth of the maritime information market in the region during the forecast period. For more insights on the historic period (2017 to 2021), and forecast market size (2023 to 2027) – Request a sample report

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Maritime Information Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (Commercial and Government),  application (MIA, MIP, VT, and AIS), and geography (Europe, North America, APAC, Middle East and Africa, and South America). 

• The market share growth by the commercial segment will be significant during the forecast period. The segment contains port management, commercial shipping, hydrographic and charting, business intelligence, commercial fishing, and commercial offshore. The increasing demand to safeguard maritime resources from advanced security breaches is prompting marine companies to adopt maritime information solutions. Businesses are outsourcing information management to specialized service providers. As a result, high spending on maritime information solutions will drive the growth of the global maritime information market during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021) and forecast market size (2023 to 2027) – Download a Sample Report

Maritime Information Market – Market Dynamics
Key factor driving market growth

The need to comply with strict regulations is notably driving the maritime information market growth. Vendors are delivering cybersecurity solutions to safeguard data from cyber threats. For example, Inmarsat has developed Fleet Secure to provide shipping operators and managers with tools to safeguard their fleets from cyberattacks by detecting vulnerabilities and responding to threats. Generally, it consists of three components, mainly maritime-specific ultrasonic thickness measurement (UTM), managed service, and integration with Fleet Xpress. Moreover,  maritime information solutions support the efficient management of ports and improve the safety and security of the vessels near a port. The European Union Agency for Network and Information Security (ENISA) held its first Transport Cybersecurity conference in January 2019. At this conference, a wide range of stakeholders, including those from the aviation, maritime, road, rail, and other public transportation sectors, discussed the security of cities and infrastructures. The agency emphasised security concerns about IoT environments in the ENISA 2018 Cyber Threat Landscape. Therefore, such regulations by agencies are expected to drive the growth of the global maritime information market during the forecast period.

Leading trends influencing the market 

The increase in seaborne trade is an emerging trend that supports the maritime information market growth. Many countries are planning to extend their seaborne trade. For instance, the routes of the Panama Canal, the Suez Canal, and the One Belt-One Road initiative have been expanded. Such policies may have a good impact on seaborne trade, which will help in the growth of the world’s shipping network. This will generate business opportunities for companies globally. As a result, such an increase in seaborne trade will lead to an increase in vessel traffic, which will drive the demand for maritime information solutions. Additionally, the Fourth Industrial Revolution is unfolding the opportunities for countries and maritime transport. This will lead to an increase in the number of seaborne trade activities and, in turn, boost the growth of the global maritime information market during the forecast period.

Major challenges hindering the market growth

The high cost of implementation may hinder the maritime information market growth. Due to the cost of software licensing, implementation, maintenance, customization, and training, the cost of deploying maritime information solutions is high, which hinders the growth of the market. Most vendors provide on-premises maritime information solutions and as a result, ports need to govern all the costs, including infrastructure, maintenance, and training. Also, the ports that purchase maritime information software need trained IT professionals with appropriate skills and experience to manage the software. Moreover, to keep pace with the current market trends, the software needs to be upgraded regularly. therefore, such factors will increase the implementation and maintenance costs of this software. Hence, the high cost of implementation is anticipated to limit the growth of the global maritime information market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Maritime Information Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the maritime information market between 2023 and 2027
• Precise estimation of the size of the maritime information market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the maritime information market across Europe, North America, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of maritime information market vendors

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Related Reports:

The Maritime Surveillance Market size is estimated to grow by USD 1,476.9 million between 2022 and 2027 accelerating at a CAGR of 3.65% during the forecast period. This report extensively covers market segmentation by component (sensors, radar, AIS receiver, and software and others), end-user (defense, customs, fisheries, intelligence, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The growing marine threats are the key factor driving the global maritime surveillance market growth.

The maritime security market is estimated to grow at a CAGR of 3.34% between 2022 and 2027. The size of the market is forecast to increase by USD 3,702.13 million. This report extensively covers market segmentation by type (deepwater security and perimeter security), technology (surveillance and tracking, screening and scanning, communications, and other systems), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The growing marine threats are notably driving the market growth.

Table of contents

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global maritime information market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global maritime information market 2017 – 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial – Market size and forecast 2022-2027
• Exhibit 34: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

• 6.4 Government – Market size and forecast 2022-2027
• Exhibit 38: Chart on Government – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Government – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Government – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Government – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 MIA – Market size and forecast 2022-2027
• Exhibit 47: Chart on MIA – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on MIA – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on MIA – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on MIA – Year-over-year growth 2022-2027 (%)

• 7.4 MIP – Market size and forecast 2022-2027
• Exhibit 51: Chart on MIP – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on MIP – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on MIP – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on MIP – Year-over-year growth 2022-2027 (%)

• 7.5 VT – Market size and forecast 2022-2027
• Exhibit 55: Chart on VT – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on VT – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on VT – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on VT – Year-over-year growth 2022-2027 (%)

• 7.6 AIS – Market size and forecast 2022-2027
• Exhibit 59: Chart on AIS – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on AIS – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on AIS – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on AIS – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 63: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 Europe – Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 UK – Market size and forecast 2022-2027
• Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Greece – Market size and forecast 2022-2027
• Exhibit 101: Chart on Greece – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Greece – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Greece – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Greece – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 BAE Systems Plc 
• Exhibit 116: BAE Systems Plc – Overview
• Exhibit 117: BAE Systems Plc – Business segments
• Exhibit 118: BAE Systems Plc – Key offerings
• Exhibit 119: BAE Systems Plc – Segment focus

• 12.4 Garmin Ltd 
• Exhibit 120: Garmin Ltd – Overview
• Exhibit 121: Garmin Ltd – Business segments
• Exhibit 122: Garmin Ltd – Key offerings
• Exhibit 123: Garmin Ltd – Segment focus

• 12.5 Inmarsat Global Ltd. 
• Exhibit 124: Inmarsat Global Ltd. – Overview
• Exhibit 125: Inmarsat Global Ltd. – Business segments
• Exhibit 126: Inmarsat Global Ltd. – Key offerings
• Exhibit 127: Inmarsat Global Ltd. – Segment focus

• 12.6 Intelsat US LLC 
• Exhibit 128: Intelsat US LLC – Overview
• Exhibit 129: Intelsat US LLC – Business segments
• Exhibit 130: Intelsat US LLC – Key offerings
• Exhibit 131: Intelsat US LLC – Segment focus

• 12.7 Kongsberg Gruppen ASA 
• Exhibit 132: Kongsberg Gruppen ASA – Overview
• Exhibit 133: Kongsberg Gruppen ASA – Business segments
• Exhibit 134: Kongsberg Gruppen ASA – Key news
• Exhibit 135: Kongsberg Gruppen ASA – Key offerings
• Exhibit 136: Kongsberg Gruppen ASA – Segment focus

• 12.8 L3Harris Technologies Inc. 
• Exhibit 137: L3Harris Technologies Inc. – Overview
• Exhibit 138: L3Harris Technologies Inc. – Business segments
• Exhibit 139: L3Harris Technologies Inc. – Key news
• Exhibit 140: L3Harris Technologies Inc. – Key offerings
• Exhibit 141: L3Harris Technologies Inc. – Segment focus

• 12.9 Lockheed Martin Corp. 
• Exhibit 142: Lockheed Martin Corp. – Overview
• Exhibit 143: Lockheed Martin Corp. – Business segments
• Exhibit 144: Lockheed Martin Corp. – Key news
• Exhibit 145: Lockheed Martin Corp. – Key offerings
• Exhibit 146: Lockheed Martin Corp. – Segment focus

• 12.10 Maritec Solutions 
• Exhibit 147: Maritec Solutions – Overview
• Exhibit 148: Maritec Solutions – Product / Service
• Exhibit 149: Maritec Solutions – Key offerings

• 12.11 Maxar Technologies Inc. 
• Exhibit 150: Maxar Technologies Inc. – Overview
• Exhibit 151: Maxar Technologies Inc. – Business segments
• Exhibit 152: Maxar Technologies Inc. – Key offerings
• Exhibit 153: Maxar Technologies Inc. – Segment focus

• 12.12 ORBCOMM Inc. 
• Exhibit 154: ORBCOMM Inc. – Overview
• Exhibit 155: ORBCOMM Inc. – Product / Service
• Exhibit 156: ORBCOMM Inc. – Key offerings

• 12.13 Raytheon Technologies Corp. 
• Exhibit 157: Raytheon Technologies Corp. – Overview
• Exhibit 158: Raytheon Technologies Corp. – Business segments
• Exhibit 159: Raytheon Technologies Corp. – Key news
• Exhibit 160: Raytheon Technologies Corp. – Key offerings
• Exhibit 161: Raytheon Technologies Corp. – Segment focus

• 12.14 Saab AB 
• Exhibit 162: Saab AB – Overview
• Exhibit 163: Saab AB – Business segments
• Exhibit 164: Saab AB – Key news
• Exhibit 165: Saab AB – Key offerings
• Exhibit 166: Saab AB – Segment focus

• 12.15 Spire Global Inc. 
• Exhibit 167: Spire Global Inc. – Overview
• Exhibit 168: Spire Global Inc. – Product / Service
• Exhibit 169: Spire Global Inc. – Key offerings

• 12.16 Teledyne Technologies Inc. 
• Exhibit 170: Teledyne Technologies Inc. – Overview
• Exhibit 171: Teledyne Technologies Inc. – Business segments
• Exhibit 172: Teledyne Technologies Inc. – Key news
• Exhibit 173: Teledyne Technologies Inc. – Key offerings
• Exhibit 174: Teledyne Technologies Inc. – Segment focus

• 12.17 Thales Group 
• Exhibit 175: Thales Group – Overview
• Exhibit 176: Thales Group – Business segments
• Exhibit 177: Thales Group – Key offerings
• Exhibit 178: Thales Group – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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