Maritime Information Market Future Growth Outlook 2021-2026 | Windward Limited, exactEarth Limited, SAAB group, Thales Group

The Maritime Information Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Maritime Information market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Maritime Information market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Maritime Information market.

The Maritime Information Market was valued at USD 1005.7 million in 2020 and expected to reach USD 1553.33 million by 2026 and grow at a CAGR of 6.65% over the forecast period (2021-2026). 

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Top Leading Companies of Maritime Information Market are - Windward Limited, exactEarth Limited, SAAB group, Thales Group, ORBCOMM Inc., Iridium Communications Inc., Lockheed Martin Corporation, Northop Grumman Corporation, BAE Systems, L-3 Communications Holdings Inc. and others.

Industry News and Updates:

- July 2019 - To improve maritime security, Saudi Border Guards established the Jeddah Maritime Information Sharing Center (JMISC), a regional hub for the collection, exchange and analysis of data.

- June 2019 - The Indian Navy hosted a two day maritime information sharing workshop under the aegis of the Information Fusion Centre Indian Ocean Region (IFC-IOR) at Gurugram. The workshop aimed to acquaint participants about IFC-IOR and its information sharing mechanisms and promote sharing of best practices in this field.

Key Market Trends:

Automated Identification Systems to Dominate the Market

- The concerned government authorities across the world have made considerable investments to integrate the AIS (Automatic Identification Systems) into the ships, to reduce the marine accidents and enhance marine traffic management.
- The International Maritime Organization's International Convention for the Safety of Life at Sea requires automatic identification systems to be fitted in international voyaging ships with 300 or more GT ( Gross Tonnage) and passenger ships, regardless of size. This is leading to a rapid increase in the installation of AIS, thereby boosting the growth of the market.

Asia-Pacific to Witness the Highest Growth

- According to a survey conducted by Allianz Global Corporate & Specialty (AGCS), a unit of the Allianz Group, the number of reported shipping incidents overall in Asia actually increased by 22% in the past four years. This calls for an increased use of maritime information system.
- APAC waters witness higher levels of trade globally, thus more ships pass through this region.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Maritime Information Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Maritime Information Market (%),2016 - 2026
- Maritime Information Market Share, By Brand
- Maritime Information Market Share, By Company
- Maritime Information Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Maritime Information Market Value Analysis & Forecast
- Promising Maritime Information Development by Major Companies
- Detailed Maritime Information Portfolio of the Major Companies
- Major Deals in the Maritime Information Market
- Major Companies Analysis

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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