Maritime Information Market to Rise to US$ 2,808.87 Mn, at a CAGR of 6.2% From 2022 to 2028; Says The Insight Partners

According to our new research study, titled "Maritime Information Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Platform, Application, End-User, and Geography," the market is expected to grow from US$ 1,882.01 million in 2021 to US$ 2,808.87 million by 2028; it is expected to grow at a CAGR of 6.2% from 2022 to 2028. Maritime Information Market report covers the whole of the global market including key players, their future promotions, preferred vendors, market scenario shares along with historical data and price analysis. It continues to offer key details on changing dynamics to generate market improving factors.

The maritime information market is segmented into North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South America (SAM). Europe dominated the market in 2021, and it is expected to continue its dominance over the forecast period. The European marine industry is driven by the recent development of frigates and offshore patrol boats, owing to their lethality, speed, and maneuverability.

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Maritime Information Market: Competitive Landscape and Key Developments

Thales, Lockheed Martin, Northrop Grumman, L3Harris, and Bae Systems are a few of the key players profiled in the maritime information market report. Several other essential maritime information market players were analyzed to get a holistic view of the market and its ecosystem. The maritime information market report provides detailed market insights, which help the key players to strategize the growth in the coming years.

In November 2021, Iridium Communications Inc. reported that it's Iridium Certus 100 "mid-band" service is commercially available for maritime, IoT, aviation, land, mobile, and government. Iridium Certus 100 supplies an exceptional blend of abilities for satellite connectivity, allowing small, low-profile antennas and battery-powered devices developed for maximum mobility but with IP data speeds that efficiently reinforce transmitting important emails, pictures, and other vital information from remote places.
In August 2022, L3Harris Technologies, in collaboration with the US Navy, demonstrated how unmanned surface vehicle technologies provide essential support for conventional maritime forces during the 2022 Rim of the Pacific Exercise (RIMPAC 2022), which is the world's largest international maritime warfare exercise.
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. France is a leading player in the maritime industry due to its maritime sector's size and globally recognized expertise. In terms of tonnage, as of January 1, 2020, the French fleet ranked 28th in the world in terms of flag capacity. French ship owners are involved in all traditional maritime businesses, operating ~900 vessels with more than 100 UMS (Universal Measurement Systems). Hence, the robust maritime industry is anticipated to create lucrative opportunities for global maritime information market growth.

Moreover, Germany is highly interested in foreign trade. Therefore, a strong and competitive maritime economy is important for the entire economy, as it contributes to Germany's competitiveness and helps to ensure growth and employment. Politics and business are engaged to ensure that the maritime economy is structurally strong and exploits its full potential. Hence, Germany is the preferred market for global maritime information market vendors. A few of the important sectors of the maritime industry are maritime shipping, ports, shipbuilding, the shipbuilding supply industry, marine engineering, offshore wind energy, and maritime research and development. The German government seeks to adopt an integrated policy approach that helps to strengthen the German maritime industry, which is anticipated to increase the demand for maritime information solutions over the forecast period.

Top Kay Players of Maritime Information Market:

Thales
Lockheed Martin
Northrop Grumman
L3Harris
Bae Systems
…..
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The Canadian marine industry is transitioning to expand across the regional trade. The industry includes domestic shipping companies that provide domestic and international shipping services. The marine industry in Atlantic Canada is engaged in various activities, including container transportation to Newfoundland by Oceanex; oil platform resupply by companies such as Secunda Marine; shuttling crude oil between platforms and oil terminals operated by companies such as Canship Ugland Ltd.; and providing a large number of intra- and inter-provincial ferry services, such as Marine Atlantic and Northumberland Ferries. Hence, emerging marine trade activities in the region are anticipated to create many opportunities for the maritime information market share.

North America accounted for the second largest maritime information market share. In North America, the US is one of the major economies for maritime information market growth. The maritime economy accounted for 1.7% or US$ 361.4 billion of current-dollar US gross domestic product (GDP) in 2020 and 1.7% or US$ 610.3 billion of current-dollar gross output. The marine industry in the US is one of the major trade platforms for the country.

Marine shipping accounts for 40% of the value of US international trade, ~70% by trade weight, and merchandise trade accounts for 18% of 2020 GDP. In 2020, shipping accounted for more tonnage (~1.5 billion short tons) and value (more than US$ 1.5 trillion) in US trade than any other mode of transportation. Furthermore, in 2020, the US ports recorded more than 465,000 vessel calls, more than 10% of the world's total vessel calls. Each port has its own set of marine terminals that serve different types of cargo. Hence, proper administration of onshore activities has been a critical task for the governing authorities, which is generating the demand for maritime information.

Global Maritime Information Market Scope:

by Platform (On-Shore and Vessel),

by Application (Fleet Management, Vessel Tracking, and Maritime Security)

by End-User (Commercial and Government)

By Geographical Regions

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa.

Maritime Information Market Regional Analysis/Insights

The artificial intelligence (AI) in drug discovery market is analysed and market size insights and trends are provided by country, offering, technology, drug type, application and end user as referenced above.

The countries covered in the artificial intelligence (AI) in drug discovery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

TOC

Introduction
1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

Key Takeaways
Research Methodology
3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

Maritime Information Market Landscape
4.1        Market Overview

4.2        PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        Asia Pacific

4.2.4        Middle East & Africa

4.2.5        South America

4.3        Ecosystem Analysis

4.4        Expert Opinion

4.5        Premium Insights

4.5.1        Key Regulations

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

Maritime Information Market - Global Market Analysis
6.1        Maritime Information Market Overview

6.2        Maritime Information Market Forecast and Analysis

6.3        Market Positioning - Global Key Players

Maritime Information Market Analysis - By Platform
7.1        Overview

7.2        Maritime Information Market, By Platform (2021 And 2028)

7.3        On-Shore

7.3.1        Overview

7.3.2        On-Shore: Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

7.4        Vessel

7.4.1        Overview

7.4.2        Vessel: Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

Maritime Information Market Revenue and Forecast to 2028 - By Application
8.1        Overview

8.2        Maritime Information Market, By Application (2021 And 2028)

8.3        Fleet Management

8.3.1        Overview

8.3.2        Fleet Management: Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

8.4        Vessel Tracking

8.4.1        Overview

8.4.2        Vessel Tracking: Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

8.5        Maritime Security

8.5.1        Overview

Continued….

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