The Asia Pacific Maritime Digitization Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
The maritime digitization market is expanding due to rising consumer demand for efficiency and cost savings. The automation of procedures and data analysis made possible by digitization can boost productivity and save expenses in the maritime sector. Moreover, digitization can help marine industry stakeholders, including shipping firms, logistics providers, and ports, communicate and work together more effectively, resulting in more profitable operations. The development of emerging technologies like AI and ML, as well as the growing significance of customer satisfaction, are also promoting digitalization. Rising demand for cutting-edge maritime digitization solutions based on AI/ML will create an enormously profitable potential for market participants.
Also, it is anticipated that the use of digital channels for managing the supply chain will increase in the future as they increase the efficiency and transparency of logistical operations. The maritime sector is also concentrating on lowering its carbon footprint as well as utilizing renewable energy sources in response to the increased emphasis on sustainability. As more businesses and organizations use these technologies to boost productivity, cut costs, improve safety and security, and make the marine sector more sustainable, the market for maritime digitization is expected to expand in the future.
China is encouraging the development of smart port pilot programs at 11 ports in four domains, comprising intelligent port operation, improved safety management, business model innovation, and logistics integration. To make them the finest in the world at intelligent port operation, the government is working particularly hard to fully automate target ports, including those at Qingdao, Xiamen, and Shanghai. By developing government-level smart port development and supporting plans for adopting cutting-edge technologies, the Ministry of Transport (MOT) seeks to enhance safety, realize eco-friendliness, and improve efficiency, among other things. Therefore, numerous government initiatives aiming at increasing the digitization of ports and maritime sector are promoting the growth of the market.
The China market dominated the Asia Pacific Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20,703.5 Million by 2028. The Japan market is experiencing a CAGR of 9.5% during (2022 - 2028). Additionally, The India market would display a CAGR of 10.9% during (2022 - 2028).
Based on Application, the market is segmented into Fleet Management, Vessel Management, Inventory Management, Energy Management, and Predictive Maintenance. Based on End User, the market is segmented into Ports & Terminals, Shipping Companies, and Maritime Freight Forwarders. Based on Technology, the market is segmented into IoT, AI, Blockchain, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Maritime Digitization Market is Projected to reach USD 266.5 Billion by 2028, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Windward Ltd., Inmarsat Global Limited (Connect Bidco Limited), Lockheed Martin Corporation, Spire Global, Inc., Iridium Communications Inc., Orbcomm, Inc. (GI Partners L.P.), MariApps Marine Solutions Pte Ltds (Schulte Group), Marine Solutionz Ship Management Pvt. Ltd., xyzt.ai BV, and Perle Systems Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Fleet Management
- Vessel Management
- Inventory Management
- Energy Management
- Predictive Maintenance
By End User
- Ports & Terminals
- Shipping Companies
- Maritime Freight Forwarders
By Technology
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Windward Ltd.
- Inmarsat Global Limited (Connect Bidco Limited)
- Lockheed Martin Corporation
- Spire Global, Inc.
- Iridium Communications Inc.
- Orbcomm, Inc. (GI Partners L.P.)
- MariApps Marine Solutions Pte Ltds (Schulte Group)
- Marine Solutionz Ship Management Pvt. Ltd.
- xyzt.ai BV
- Perle Systems Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Maritime Digitization Market, by Application
1.4.2 Asia Pacific Maritime Digitization Market, by End User
1.4.3 Asia Pacific Maritime Digitization Market, by Technology
1.4.4 Asia Pacific Maritime Digitization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Maritime Digitization Market by Application
3.1 Asia Pacific Fleet Management Market by Country
3.2 Asia Pacific Vessel Management Market by Country
3.3 Asia Pacific Inventory Management Market by Country
3.4 Asia Pacific Energy Management Market by Country
3.5 Asia Pacific Predictive Maintenance Market by Country
Chapter 4. Asia Pacific Maritime Digitization Market by End User
4.1 Asia Pacific Ports & Terminals Market by Country
4.2 Asia Pacific Shipping Companies Market by Country
4.3 Asia Pacific Maritime Freight Forwarders Market by Country
Chapter 5. Asia Pacific Maritime Digitization Market by Technology
5.1 Asia Pacific IoT Market by Country
5.2 Asia Pacific AI Market by Country
5.3 Asia Pacific Blockchain Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Maritime Digitization Market by Country
6.1 China Maritime Digitization Market
6.1.1 China Maritime Digitization Market by Application
6.1.2 China Maritime Digitization Market by End User
6.1.3 China Maritime Digitization Market by Technology
6.2 Japan Maritime Digitization Market
6.2.1 Japan Maritime Digitization Market by Application
6.2.2 Japan Maritime Digitization Market by End User
6.2.3 Japan Maritime Digitization Market by Technology
6.3 India Maritime Digitization Market
6.3.1 India Maritime Digitization Market by Application
6.3.2 India Maritime Digitization Market by End User
6.3.3 India Maritime Digitization Market by Technology
6.4 South Korea Maritime Digitization Market
6.4.1 South Korea Maritime Digitization Market by Application
6.4.2 South Korea Maritime Digitization Market by End User
6.4.3 South Korea Maritime Digitization Market by Technology
6.5 Singapore Maritime Digitization Market
6.5.1 Singapore Maritime Digitization Market by Application
6.5.2 Singapore Maritime Digitization Market by End User
6.5.3 Singapore Maritime Digitization Market by Technology
6.6 Australia Maritime Digitization Market
6.6.1 Australia Maritime Digitization Market by Application
6.6.2 Australia Maritime Digitization Market by End User
6.6.3 Australia Maritime Digitization Market by Technology
6.7 Rest of Asia Pacific Maritime Digitization Market
6.7.1 Rest of Asia Pacific Maritime Digitization Market by Application
6.7.2 Rest of Asia Pacific Maritime Digitization Market by End User
6.7.3 Rest of Asia Pacific Maritime Digitization Market by Technology
Chapter 7. Company Profiles
7.1 Windward Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Inmarsat Global Limited (Connect Bidco Limited)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Research & Development Expenses
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.3 Lockheed Martin Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Spire Global, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.5 Iridium Communications Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.6 Orbcomm, Inc. (GI Partners L.P.)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 MariApps Marine Solutions Pte Ltds (Schulte Group)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Marine Solutionz Ship Management Pvt. Ltd.
7.8.1 Company Overview
7.9 xyzt.ai BV
7.9.1 Company Overview
7.10. Perle Systems Inc.
7.10.1 Company Overview
TABLE 1 Asia Pacific Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Fleet Management Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Fleet Management Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Vessel Management Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Vessel Management Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Inventory Management Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Inventory Management Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Energy Management Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Energy Management Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Predictive Maintenance Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Predictive Maintenance Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Ports & Terminals Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Ports & Terminals Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Shipping Companies Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Shipping Companies Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Maritime Freight Forwarders Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Maritime Freight Forwarders Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 25 Asia Pacific IoT Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific IoT Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific AI Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific AI Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Maritime Digitization Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Maritime Digitization Market by Country, 2022 - 2028, USD Million
TABLE 35 China Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 36 China Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 37 China Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 38 China Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 39 China Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 40 China Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 41 China Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 42 China Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 43 Japan Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 44 Japan Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 45 Japan Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 46 Japan Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 47 Japan Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 48 Japan Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 49 Japan Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 50 Japan Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 51 India Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 52 India Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 53 India Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 54 India Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 55 India Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 56 India Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 57 India Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 58 India Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 59 South Korea Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 60 South Korea Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 61 South Korea Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 62 South Korea Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 63 South Korea Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 64 South Korea Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 65 South Korea Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 66 South Korea Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 67 Singapore Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 68 Singapore Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 69 Singapore Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 70 Singapore Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 71 Singapore Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 72 Singapore Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 73 Singapore Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 74 Singapore Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 75 Australia Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 76 Australia Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 77 Australia Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 78 Australia Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 79 Australia Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 80 Australia Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 81 Australia Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 82 Australia Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 91 Key Information – Windward Ltd.
TABLE 92 Key Information – Inmarsat Global Limited
TABLE 93 Key Information – Lockheed Martin Corporation
TABLE 94 Key Information – Spire Global, Inc.
TABLE 95 Key Information – Iridium Communications Inc.
TABLE 96 key information – Orbcomm, Inc.
TABLE 97 Key Information – MariApps Marine Solutions Pte Ltd
TABLE 98 Key Information – Marine Solutionz Ship Management Pvt. Ltd.
TABLE 99 Key Information – xyzt.ai BV
TABLE 100 Key Information – Perle Systems Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Orbcomm, Inc.