The North America Maritime Digitization Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
Digital technology provides the benefit of reducing the requirement for human interaction, which could help shield the industry against shocks like the COVID-19 pandemic. Beyond the maritime industry, digitalization would have a significant impact. Given the strategic importance of the maritime sector, digital transformation can have a positive economic impact on a wide range of industries and help drive a more robust and long-lasting recovery, particularly in low- and middle-income nations. The maritime sector is network-centric, with several independent actors participating in a door-to-door or port-to-port excursion, sometimes up to 40.
As a result, longer transit times, delays, poor reliability, and an increase in the price of marine logistics services are caused by manual operations and a lack of efficient coordination among various maritime logistics actors. In support of this, a Maersk study revealed that in some niche markets, management and order paperwork account for almost half of the transport expenses, primarily due to data processing along with customs procedures. Significant opportunities exist to enhance the environmental and financial performance of actors engaged in maritime logistics through digital transformation (DT).
North America has long been a key region for marine trade, both as a source of goods and a final destination. There are more than 50 main ports in the US, and they alone handle more than 2300 million MT of cargo. The ports of Houston, Savannah, and Los Angeles are among the major ports in the US that have used smart port technologies. The Automated Terminal Asset Management System (ATAMS), built by the Port of Savannah, has been integrated into its operations. Trucks can now be instantly located and identified due to ATAMS, which has simplified the container hand-off routine between street trucks and yard cranes. Improved worker safety, better crane output, and quicker turnaround times were the main advantages of ATAMS. Therefore, such factors are supporting the growth of the regional maritime digitization market in the coming years.
The US market dominated the North America Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $70,237.2 Million by 2028. The Canada market is poised to grow at a CAGR of 11.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 10.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Maritime Digitization Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Maritime Digitization Market, by Application
1.4.2 North America Maritime Digitization Market, by End User
1.4.3 North America Maritime Digitization Market, by Technology
1.4.4 North America 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. North America Maritime Digitization Market by Application
3.1 North America Fleet Management Market by Country
3.2 North America Vessel Management Market by Country
3.3 North America Inventory Management Market by Country
3.4 North America Energy Management Market by Country
3.5 North America Predictive Maintenance Market by Country
Chapter 4. North America Maritime Digitization Market by End User
4.1 North America Ports & Terminals Market by Country
4.2 North America Shipping Companies Market by Country
4.3 North America Maritime Freight Forwarders Market by Country
Chapter 5. North America Maritime Digitization Market by Technology
5.1 North America IoT Market by Country
5.2 North America AI Market by Country
5.3 North America Blockchain Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Maritime Digitization Market by Country
6.1 US Maritime Digitization Market
6.1.1 US Maritime Digitization Market by Application
6.1.2 US Maritime Digitization Market by End User
6.1.3 US Maritime Digitization Market by Technology
6.2 Canada Maritime Digitization Market
6.2.1 Canada Maritime Digitization Market by Application
6.2.2 Canada Maritime Digitization Market by End User
6.2.3 Canada Maritime Digitization Market by Technology
6.3 Mexico Maritime Digitization Market
6.3.1 Mexico Maritime Digitization Market by Application
6.3.2 Mexico Maritime Digitization Market by End User
6.3.3 Mexico Maritime Digitization Market by Technology
6.4 Rest of North America Maritime Digitization Market
6.4.1 Rest of North America Maritime Digitization Market by Application
6.4.2 Rest of North America Maritime Digitization Market by End User
6.4.3 Rest of North America 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 North America Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 2 North America Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 3 North America Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Fleet Management Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Fleet Management Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Vessel Management Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Vessel Management Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Inventory Management Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Inventory Management Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Energy Management Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Energy Management Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Predictive Maintenance Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Predictive Maintenance Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 16 North America Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 17 North America Ports & Terminals Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Ports & Terminals Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Shipping Companies Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Shipping Companies Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Maritime Freight Forwarders Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Maritime Freight Forwarders Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 24 North America Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 25 North America IoT Market by Country, 2018 - 2021, USD Million
TABLE 26 North America IoT Market by Country, 2022 - 2028, USD Million
TABLE 27 North America AI Market by Country, 2018 - 2021, USD Million
TABLE 28 North America AI Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Maritime Digitization Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Maritime Digitization Market by Country, 2022 - 2028, USD Million
TABLE 35 US Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 36 US Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 37 US Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 38 US Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 39 US Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 40 US Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 41 US Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 42 US Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 43 Canada Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 44 Canada Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 45 Canada Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 46 Canada Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 47 Canada Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 48 Canada Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 49 Canada Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 50 Canada Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 51 Mexico Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 52 Mexico Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 53 Mexico Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 54 Mexico Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 55 Mexico Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 56 Mexico Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 57 Mexico Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 58 Mexico Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 59 Rest of North America Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 60 Rest of North America Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 61 Rest of North America Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 62 Rest of North America Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 63 Rest of North America Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 64 Rest of North America Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 65 Rest of North America Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 66 Rest of North America Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 67 Key Information – Windward Ltd.
TABLE 68 Key Information – Inmarsat Global Limited
TABLE 69 Key Information – Lockheed Martin Corporation
TABLE 70 Key Information – Spire Global, Inc.
TABLE 71 Key Information – Iridium Communications Inc.
TABLE 72 key information – Orbcomm, Inc.
TABLE 73 Key Information – MariApps Marine Solutions Pte Ltd
TABLE 74 Key Information – Marine Solutionz Ship Management Pvt. Ltd.
TABLE 75 Key Information – xyzt.ai BV
TABLE 76 Key Information – Perle Systems Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Orbcomm, Inc.