Press release
With 10.4% CAGR, Asia Pacific Maritime Information Market Size US$ 551.5 Million by 2027
Asia Pacific Maritime Information Market
Maritime information refers to the services that provide vital information and data required for understanding the events occurring in marine transportation. It comprises advanced integrated technology, which is used for monitoring and surveillance purposes. The data collected through these services also helps in controlling and managing the traffic on sea routes. In the Asia Pacific region, maritime information has gained traction due to the growing sea trade and rapid globalization. The industry is also witnessing technological advancements, which are enabling the provision of real-time data.
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Asia Pacific Maritime Information Market Demand:
The Asia Pacific maritime information market is primarily driven by the growing trade and tourism, where advanced VTS technology services are needed to ensure optimal security operations. Besides this, the rise in the demand for advanced security systems in countries like China, India, Japan, and Indonesia is also propelling the growth of the market. Maritime information is extensively utilized in the commercial and government sectors for the identification of vessels, assistance of coastguards in search mission, limiting human trafficking, and informing about criminal and illegal activities. Furthermore, the maritime information system also analyzes and manages various hazardous events, such as quakes in the oceans.
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Key Market Segmentation:
Breakup by Application:
• Maritime Information Analytics
• Maritime Information Provision
• Vessel Tracking
• AIS (Automatic Identification System)
Breakup by End User:
• Government
o Defense
o Intelligence and Security
o Search and Rescue
o Government Agency
o Others
• Commercial
o Port Management
o Business Intelligence
o Commercial Fishing
o Commercial Shipping
o Hydrographic and Charting
o Commercial Offshore
o Others
Breakup by Country:
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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