Maritime Information Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40416
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The maritime information market has the potential to grow by USD 719.51 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.71%.

This maritime information market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (commercial and government), application (MIA, MIP, VT, and AIS), and geography (Europe, North America, APAC, MEA, and South America). The maritime information market report also offers information on several market vendors, including Garmin Ltd., Inmarsat Global Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM Inc., Raytheon Technologies Corp., Saab AB, Teledyne FLIR LLC, and Thales Group among others.

What will the Maritime Information Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Maritime Information Market

 Get Your FREE Sample Now!

Maritime Information Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The need to comply with strict regulations is notably driving the maritime information market growth, although factors such as the high cost of implementation may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the maritime information industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the maritime information market is the need to comply with strict regulations.
  • Shipping is becoming more dependent on technology in the commercial sector, especially for communication, navigation, and monitoring and controlling ships.
  • Vendors are providing cybersecurity solutions, such as Fleet Secure developed by Inmarsat to give shipping operators and managers the tools they need to protect their fleet from cyberattacks by detecting vulnerabilities and responding to threats.
  • Maritime information solutions will help in the efficient management of ports and will improve the safety and security of the vessels near a port.
  • The rising demand for operational efficiency enhancement by machine learning and data science is another major factor supporting the maritime information market share growth.
  • Port operators are opting for machine learning and data science technologies that will support them in generating and sharing insights more effectively.
  • Machine learning and data science technologies can help create analyses at a speed that can help in making the operations more efficient and effective.
  • Machine learning technology supports port authorities in achieving the goals of increased operational efficiency more quickly by refining predictions as well as consistently improving recommendations.

This maritime information market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Maritime Information Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Garmin Ltd.
  • Inmarsat Global Ltd.
  • Kongsberg Gruppen ASA
  • L3Harris Technologies Inc.
  • Maxar Technologies Inc.
  • ORBCOMM Inc.
  • Raytheon Technologies Corp.
  • Saab AB
  • Teledyne FLIR LLC
  • Thales Group

 

This statistical study of the maritime information market encompasses successful business strategies deployed by the key vendors. The maritime information market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The maritime information market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Maritime Information Market?

For more insights on the market share of various regions Request for a FREE sample now!

43% of the market’s growth will originate from Europe during the forecast period. The UK, Germany, and Greece are the key markets for maritime information in Europe. Market growth in this region will be faster than the growth of the market in the North American and South American regions.

The long coastal lines of some countries and the growing demand for maritime security in the region are the major factors driving the adoption of maritime services in Europe. This will facilitate the maritime information market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Maritime Information Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The maritime information market share growth by the commercial segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the maritime information market size and actionable market insights on post COVID-19 impact on each segment.

 

Maritime Information Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.71%

Market growth 2021-2025

$ 719.51 million

Market structure

Fragmented

YoY growth (%)

7.53

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 43%

Key consumer countries

US, UK, Germany, Greece, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Garmin Ltd., Inmarsat Global Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM Inc., Raytheon Technologies Corp., Saab AB, Teledyne FLIR LLC, and Thales Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Maritime Information Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive maritime information market growth during the next five years
  • Precise estimation of the maritime information market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the maritime information industry across Europe, North America, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of maritime information market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The maritime information market growth will increase by $637.06 million during 2019-2024.
The maritime information market is expected to grow at a CAGR of 8.32% during 2019-2024.
Technavio has segmented the maritime information market by end user (Commercial and Government) ,application (MIA, MIP, VT, and AIS) , and geographic (Europe, North America, APAC, MEA, and South America).
FLIR Systems Inc., Garmin Ltd., Inmarsat Group Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM Inc., Raytheon Co., Saab AB, Thales Group are a few of the key vendors in the maritime information market.
Europe will register the highest growth rate of 42.65% among the other regions. Therefore, the maritime information market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the maritime information market growth are:
  • Need to comply with strict regulations
  • Increase in seaborne trade
The maritime information market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Information Technology
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>