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Europe Maritime Analytics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application (Optimal Route Mapping, Predictive and Prescriptive Analytics, Pricing Insights, Vessel Safety and Security, and Others) and End User (Commercial and Military)

Code: TIPRE00015406 | Pages: 113 | Industry: Technology, Media and Telecommunications | Date: Oct 2020
Covid

Market Introduction

Maritime analytics is a process of collecting, analyzing as well as interpreting critical information related to diverse shipping activities. Maritime analytics offers various key benefits for stakeholders involved in the shipping and maritime industry, some of these benefits include enhanced productivity, superior performance, better safety, cost savings, and valuable insights related to various parameters which is driving the growth of Europe maritime analytics market. The Europe shipping industry is evolving at a steady pace owing to increasing trade across countries, changing technology landscape, and uncertainty in economies and geopolitical conditions. All these factors pose various challenges as well as opportunities for companies operating in this industry which is affecting Europe maritime analytics market. Companies are constantly investing in innovative solutions to make their operations profitable and to gaining competitive advantages over competitors. In such environment, the large amount of fragmented information can be utilized by using solutions such as maritime analytics to gain useful insights that can increase operational efficiency and enhance decision making. Companies are now increasingly using maritime data analytics solutions that are customized to their business needs for purposes such as streamline maritime operations, enhance ship chartering, predicting and scheduling maintenance, and pricing insights among many others which is growing the Europe maritime analytics market. Factors such as surge in digitalization trend in shipping industry and escalating demand for upgraded maritime operations through data analytics is expected to create significant demand of maritime analytics in Europe, which will drive the Europe maritime analytics market.

Furthermore, in case of COVID-19, Europe is highly affected specially UK which has affected the maritime analytics market in europe. Due to COVID-19 outbreak, the trade activities in Europe marine routines have severely disrupted due to 30% to 60% outbound shipping capacity withdrawn which has affected the Europe maritime analytics market growth. Maritime shipping helps in moving around 75% of the Europe’s external trade and around 30% of internal transport of goods in the region. The governments of various European countries have already announced that the coronavirus outbreak has affected their transport systems in a negative manner as the European supply chains of various countries are closely interlined with each other has a result, maritime analytics market of Europe is also being affected. The Association of “European Freight Forwarders” and “Polish Chamber of Forwarding and Logistics” have already raised warnings regarding the limited export loads and well as delays in port operations, owing to non-availability operators and manpower. All these factors are expected to impact the maritime industry in the region and thus have some impact on the growth of maritime analytics market also. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the maritime analytics market growth of the Europe region for the next few quarters.

Market Overview and Dynamics

The maritime analytics market in Europe is expected to grow from US$ 411.55 million in 2019 to US$ 898.77 million by 2027; it is estimated to grow at a CAGR of 10.8 % from 2020 to 2027.Modern technologies is expected to transform the maritime sector which will drive the Europe maritime analytics market. Maritime industry is investing proactively in advanced technology solutions to bring digital transformation and to become more efficient and sustainable which is boosting the growth of Europe maritime analytics market. Artificial intelligence (AI), Big Data, Blockchain, cloud computing, cybersecurity, digital twin, internet of things (IoT), machine learning, and robotic technologies are some of the key technologies that are disrupting the Europe maritime industry and anticipated to drive the future growth of maritime analytics market. AI is being utilized in shipping industry for reducing staff & maintenance, increasing automation, achieving better navigation & safety, and minimizing human errors. IBM and Google are some of the key companies in Europe helping shipping sector in process automation. Blockchain is another useful technology which is being implemented in maritime sector for safe and transparent logistics, payments, and contracts which is escalating the Europe maritime analytics market. Hence, the rising integration of advanced technologies by maritime sector will complement the adoption of maritime analytics solution across Europe, which will drive the Europe maritime analytics market.

Key Market Segments

In terms of application, the predictive and prescriptive analytics segment accounted for the largest share of the Europe maritime analytics market in 2019. Further, in terms of end user, the commercial segment held a larger market share of the Europe maritime analytics market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe maritime analytics market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB Ltd., exactEarth Ltd., Itransition, Planet Labs Inc., Prisma Electronics SA, ShipNet, SINAY SAS, Spire Global, and Windward Ltd.         

Reasons to buy report

  • To understand the Europe maritime analytics market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe maritime analytics market
  • Efficiently plan M&A and partnership deals in Europe maritime analytics market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe maritime analytics market
  • Obtain market revenue forecast for maritime analytics market by various segments from 2020-2027 in Europe region.

Europe Maritime Analytics Market Segmentation

Europe Maritime Analytics Market - By Application

  • Optimal Route Mapping
  • Predictive and Prescriptive Analytics
  • Pricing Insights
  • Vessel Safety and Security
  • Others

Europe Maritime Analytics Market - By End User

  • Commercial
  • Military

Europe Maritime Analytics Market - By Country

  • France
  • Germany
  • Italy
  • UK
  • Russia            
  • Rest of Europe


Europe Maritime Analytics Market - Company Profiles

  • ABB Ltd.
  • exactEarth Ltd.
  • Itransition
  • Planet Labs Inc.
  • Prisma Electronics SA
  • ShipNet
  • SINAY SAS
  • Spire Global
  • Windward Ltd.

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.           Europe Maritime Analytics Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

5.           Europe Maritime Analytics Market– Key Market Dynamics

5.1         Market Drivers

5.1.1        Surge in Digitalization Trend in Shipping Industry

5.1.2        Escalating Demand for Upgraded Maritime Operations Through Data Analytics

5.2         Market Restraints

5.2.1        Inadequacy of Trained Workers and Concerns Regarding Security

5.3         Market Opportunities

5.3.1        Investments in Advanced Analytics Solutions

5.4         Future Trends

5.4.1        Modern Technologies to Change the Maritime Sector

5.5         Impact Analysis of Drivers and Restraints

6.           Maritime Analytics Market – Europe Analysis

6.1         Europe Maritime Analytics Market Overview

6.2         Europe Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           Europe Maritime Analytics Market Analysis – By Application

7.1         Overview

7.2         Europe Maritime Analytics Market Breakdown, by Application, 2019 & 2027

7.3         Optimal Route Mapping

7.3.1        Overview

7.3.2        Optimal Route Mapping: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

7.4         Predictive and Prescriptive Analytics

7.4.1        Overview

7.4.2        Predictive and Prescriptive Analytics: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

7.5         Pricing Insights

7.5.1        Overview

7.5.2        Pricing Insights: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

7.6         Vessel Safety and Security

7.6.1        Overview

7.6.2        Vessel Safety and Security: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

8.           Europe Maritime Analytics Market Analysis – By End User

8.1         Overview

8.2         Europe Maritime Analytics Market Breakdown, by End User, 2019 & 2027

8.3         Commercial

8.3.1        Overview

8.3.2        Commercial: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million

8.4         Military

8.4.1        Overview

8.4.2        Military: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

9.           Europe Maritime Analytics Market – Country Analysis

9.1         Overview

9.1.1        Europe: Maritime Analytics Market, by Key Country

9.1.1.1          Germany: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          Germany: Maritime Analytics Market, by Application

9.1.1.1.2          Germany: Maritime Analytics Market, by End User

9.1.1.2          France: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          France: Maritime Analytics Market, by Application

9.1.1.2.2          France: Maritime Analytics Market, by End User

9.1.1.3          Italy: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          Italy: Maritime Analytics Market, by Application

9.1.1.3.2          Italy: Maritime Analytics Market, by End User

9.1.1.4          UK: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          UK: Maritime Analytics Market, by Application

9.1.1.4.2          UK: Maritime Analytics Market, by End User

9.1.1.5          Russia: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1          Russia: Maritime Analytics Market, by Application

9.1.1.5.2          Russia: Maritime Analytics Market, by End User

9.1.1.6          Rest of Europe: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1          Rest of Europe: Maritime Analytics Market, by Application

9.1.1.6.2          Rest of Europe: Maritime Analytics Market, by End User

10.        Impact of COVID-19 Pandemic on Europe Maritime Analytics Market

10.1      Europe: Impact Assessment of COVID-19 Pandemic

11.        Maritime Analytics Market-Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Development

11.4      Merger and Acquisition

12.        Company Profiles

12.1      ABB Ltd.

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      exactEarth Ltd.

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      Itransition

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      Planet Labs 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      ShipNet

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      Spire Global

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      SINAY SAS

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      Windward Ltd

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      Prisma Electronics SA

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             Europe Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Germany: Maritime Analytics Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Germany: Maritime Analytics Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 4.             France: Maritime Analytics Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             France: Maritime Analytics Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Italy: Maritime Analytics Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Italy: Maritime Analytics Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 8.             UK: Maritime Analytics Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 9.             UK: Maritime Analytics Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Russia: Maritime Analytics Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Russia: Maritime Analytics Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Rest of Europe: Maritime Analytics Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of Europe: Maritime Analytics Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Maritime Analytics Market Segmentation

Figure 2.           Europe Maritime Analytics Market Segmentation – By Country

Figure 3.           Europe Maritime Analytics Market Overview

Figure 4.           Europe Maritime Analytics Market, By Country

Figure 5.           Europe Maritime Analytics Market, By Application

Figure 6.           Europe Maritime Analytics Market, By End User

Figure 7.           Europe: PEST Analysis

Figure 8.           Europe Maritime Analytics Market– Ecosystem Analysis

Figure 9.           Europe Maritime Analytics Market Impact Analysis of Drivers and Restraints

Figure 10.        Europe Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Europe Maritime Analytics Market Breakdown, by Application (2019 and 2027)

Figure 12.        Europe Optimal Route Mapping: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 13.        Europe Predictive and Prescriptive Analytics: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Europe Pricing Insights: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Europe Vessel Safety and Security: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Europe Others: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 17.        Europe Maritime Analytics Market Breakdown, by End User (2019 and 2027)

Figure 18.        Europe Commercial: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Europe Military: Maritime Analytics Market Revenue and Forecast to 2027 (US$ Million)

Figure 20.        Europe: Maritime Analytics Market Revenue Share, By Key Country (2019 and 2027)

Figure 21.        Germany: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        France: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Italy: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        UK: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Russia: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Rest of Europe: Maritime Analytics Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic on Europe Country Markets

 

  1. ABB Ltd.
  2. exactEarth Ltd.
  3. Itransition
  4. Planet Labs Inc.
  5. Prisma Electronics SA
  6. ShipNet
  7. SINAY SAS
  8. Spire Global
  9. Windward Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe maritime analytics 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 Europe maritime analytics 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 Europe market trends and outlook coupled with the factors driving the maritime analytics 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

 


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