Asia Pacific Maritime Information Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Platform (On-Shore and Vessel), Application (Fleet Management, Vessel Tracking, and Maritime Security), and End-User (Commercial and Government)
The Asia Pacific maritime information market is expected to grow from US$ 319.34 million in 2022 to US$ 499.98 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028.
Emergence of Big Data Analytics and IoT will be Driving the Asia Pacific Maritime Information Market in Coming Years
Information collected from large operation systems, such as ships and ports, is verified using data analytics which includes information about container weight, type, and destination. Additionally, it can analyze the ship’s trim, stability, engine performance, and communication data, among others. Big data analytics on ships can provide insights into historical container patterns and maritime conditions. Ships move by responding to various shifts in weather conditions. Big data analytics analyses these parameters and increases the efficiency and overall performance of the sea vessels. Further, Internet of Things (IoT) enables the remote control of some objects. It functions with a GPS and a cloud-based database that stores all the information gathered by equipment on the ship. IoT can connect all other equipment and shipments through wireless networks, such as robots. Thus, the Emergence of big data analytics and IoT is anticipated to boost the growth of the maritime information across the region
Asia Pacific Maritime Information Market Overview
Australia, China, India, Japan, South Korea, and rest of Asia Pacific are the key contributors to the maritime information market in the Asia Pacific. Based on a report by Allianz Global Corporate & Specialty (AGCS), a unit of Allianz Group, the number of shipping incidents in Asia has increased by 22% since 2018. This requires greater use of maritime information systems. Many ports, specifically Indian ports, are now adopting new technologies in which automated identification systems play a vital role. This is expected to address the inefficiencies of Indian ports in handling cargo due to constraints such as long dwell times. Maritime information plays a crucial role in economic development, as most of the world's trade is carried across Asia Pacific seas. As this continued commercial growth has increased the number of illegal activities, governments in countries such as China, Japan, and India are increasing their maritime budgets, potentially creating opportunities for market growth. Shanghai, Singapore, Hong Kong, Tianjin, Qingdao, Guangzhou, Busan, Ningbo-Zhoushan, and Shenzhen are among the busiest ports in the world; they are all located in Asia Pacific. Strong sea trade from countries in Asia Pacific, such as China, Japan, India, and South Korea, mainly contributed to the region's leading position in the market. In addition, large export volumes, intra-regional trading activities, and expanding manufacturing activities, especially in these countries, are expected to support market growth. For instance, in April 2019, a new land-sea freight route was implemented, connecting Southwest China's Chongqing Municipality with Indonesia. Cargo overturns at Asia's major hub ports surged through December 2020 as the rising container demand from the US and Europe overwhelmed terminals and carrier capacity, despite deploying all available vessels and extra loaders on both trades. Hence, the growing marine trading across the region is expected to propel the Asia Pacific maritime information market over the forecast period.
Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
The Asia Pacific maritime information market is segmented into platform, application, end-user, and country.
Based on platform, the Asia Pacific maritime information market is bifurcated into on-shore and vessel. In 2022, the vessel segment registered the larger share in Asia Pacific maritime information market.
Based on application, the Asia Pacific maritime information market is segmented into fleet management, vessel tracking, and maritime security. In 2022, the fleet management segment registered the largest share in Asia Pacific maritime information market.
Based on end user, the Asia Pacific maritime information market is bifurcated into commercial and government. In 2022, the commercial segment registered the larger share in Asia Pacific maritime information market.
Based on country, the Asia Pacific maritime information market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, the Rest of Asia Pacific segment registered the largest share in Asia Pacific maritime information market.
BAE Systems Plc; Fujitsu Limited; Iridium Communications Inc.; L3Harris Technologies Inc.; Lockheed Martin Corp; Northrop Grumman Corp; ONEOCEAN; ORBCOMM Inc.; Polestar; Saab AB; Siemens AG; Spire Global; Thales Group; and Windward Ltd are the leading companies operating in the Asia Pacific maritime information market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Maritime Information Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific 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
6. Maritime Information Market – Asia Pacific Market Analysis
6.1 Asia Pacific Maritime Information Market Overview
6.2 Asia Pacific Maritime Information Market Forecast and Analysis
7. Asia Pacific Maritime Information Market Analysis – By Platform
7.1 Overview
7.2 Asia Pacific Maritime Information Market, By Platform (2021 and 2028)
7.3 On-Shore
7.3.1 Overview
7.3.2 On-Shore: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
7.4 Vessel
7.4.1 Overview
7.4.2 Vessel: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8. Asia Pacific Maritime Information Market Revenue and Forecast to 2028 – By Application
8.1 Overview
8.2 Asia Pacific Maritime Information Market, By Application (2021 and 2028)
8.3 Fleet Management
8.3.1 Overview
8.3.2 Fleet Management: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.4 Vessel Tracking
8.4.1 Overview
8.4.2 Vessel Tracking: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.5 Maritime Security
8.5.1 Overview
8.5.2 Maritime Security: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Maritime Information Market Revenue and Forecast to 2028 – End-User
9.1 Overview
9.2 Asia Pacific Maritime Information Market, By End-User (2021 And 2028)
9.3 Commercial
9.3.1 Overview
9.3.2 Commercial: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9.4 Government
9.4.1 Overview
9.4.2 Government: Asia Pacific Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
10. Asia Pacific Maritime Information Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Maritime Information Market, By Key Country
10.1.1.1 China: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 China: Maritime Information Market, By Platform
10.1.1.1.2 China: Maritime Information Market, By Application
10.1.1.1.3 China: Maritime Information Market, By End-User
10.1.1.2 Japan: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Japan: Maritime Information Market, By Platform
10.1.1.2.2 Japan: Maritime Information Market, By Application
10.1.1.2.3 Japan: Maritime Information Market, By End-User
10.1.1.3 India: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Maritime Information Market, By Platform
10.1.1.3.2 India: Maritime Information Market, By Application
10.1.1.3.3 India: Maritime Information Market, By End-User
10.1.1.4 South Korea: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 South Korea: Maritime Information Market, By Platform
10.1.1.4.2 South Korea: Maritime Information Market, By Application
10.1.1.4.3 South Korea: Maritime Information Market, By End-User
10.1.1.5 Australia: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Australia: Maritime Information Market, By Platform
10.1.1.5.2 Australia: Maritime Information Market, By Application
10.1.1.5.3 Australia: Maritime Information Market, By End-User
10.1.1.6 Rest of Asia Pacific: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Maritime Information Market, By Platform
10.1.1.6.2 Rest of Asia Pacific: Maritime Information Market, By Application
10.1.1.6.3 Rest of Asia Pacific: Maritime Information Market, By End-User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 BAE Systems Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Spire Global
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Iridium Communications Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 L3Harris Technologies Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lockheed Martin Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ORBCOMM Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Saab AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Thales Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Windward Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Northrop Grumman Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Polestar
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 ONEOCEAN
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Fujitsu Limited
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 Siemens AG
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. China: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan: Maritime Information Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan: Maritime Information Market, By End-User – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Maritime Information Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 14. Australia: Maritime Information Market, By Platform – Revenue and Forecast to 2028 (US$ Million)
Table 15. Australia: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Asia Pacific: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Maritime Information Market Segmentation
Figure 2. Asia Pacific Maritime Information Market Segmentation – By Country
Figure 3. Asia Pacific Maritime Information Market Overview
Figure 4. Vessel Segment held the Largest Share of Asia Pacific Maritime Information Market
Figure 5. Fleet Management Segment held the Largest Share of Asia Pacific Maritime Information Market
Figure 6. Commercial Segment held the Largest Share of Asia Pacific Maritime Information Market
Figure 7. China to Show Great Traction During Forecast Period
Figure 8. Asia Pacific– PEST Analysis
Figure 9. Ecosystem Analysis: Asia Pacific Maritime Information Market
Figure 10. Expert Opinion
Figure 11. Asia Pacific Maritime Information Market: Impact Analysis of Drivers and Restraints
Figure 12. Asia Pacific Maritime Information Market Forecast and Analysis (US$ Million)
Figure 13. Asia Pacific Maritime Information Market, By Platform (2021 and 2028)
Figure 14. On-Shore: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Vessel: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Maritime Information Market, By Application (2021 and 2028)
Figure 17. Fleet Management: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Vessel Tracking: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Maritime Security: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Maritime Information Market, By End-User (2021 and 2028)
Figure 21. Commercial: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Government: Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Asia Pacific: Maritime Information Market, By Key Country- Revenue (2021) (US$ Million)
Figure 24. Asia Pacific: Maritime Information Market Revenue Share, By Key Country (2021 and 2028)
Figure 25. China: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Japan: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. India: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Australia: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Asia Pacific: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- BAE Systems Plc
- Fujitsu Limited
- Iridium Communications Inc.
- L3Harris Technologies Inc.
- Lockheed Martin Corp
- Northrop Grumman Corp
- ONEOCEAN
- ORBCOMM Inc.
- Polestar
- Saab AB
- Siemens AG
- Spire Global
- Thales Group
- Windward Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific maritime information market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific maritime information market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the maritime information market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution