Europe Maritime Analytics Market Forecast to 2028 - 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)

TIPRE00015406 | Pages: 165 | Technology, Media and Telecommunications | May 2023 | Type: Regional | Status: Published

The Europe maritime analytics market was valued at US$ 558.58 million in 2023 and is projected to reach US$ 1,075.84 million by 2028; it is expected to grow at a CAGR of 14.0% from 2023 to 2028. 

Increasing Demand for Enhanced Maritime Operations Through Data Analytics is Driving the Europe Maritime analytics Market

Maritime activities such as weather forecasting and route optimization depend on data received from satellites and IoT devices. With an increase in data generation from devices in harbors and vessels, the requirement of sophisticated technologies for processing generated data is also rising. Big data evaluates raw data from satellites and sensors to draw information, while advanced analytics uses the same raw data for drawing actionable insights. Applications of advanced analytics include weather condition monitoring, route management, operational analytics, and freight pattern analysis. Therefore, analytics and big data permit maritime companies to optimize different operations and recognize bottlenecks prior to their occurrence, lowering downtime and costs. The amount of data in maritime is huge, and ships regularly travel via areas with a limited high-speed network. Hence, new players are developing onboard data analytics systems to address the abovementioned concerns. For instance, OrbitMI (US) offers maritime intelligence and analytics to cater to the requirements of fleet operators. Similarly, Kaiko Systems (Germany) provides vessel health insights to address merchant ships' requirements. Thus, increasing demand for enhanced maritime operations through data analytics is fueling the maritime analytics market growth.     

Europe Maritime Analytics Market Overview  

Europe boasts of a prominent maritime industry owing to the strong presence of industrial manufacturing and robust international trade activities from many of its countries throughout the year. The region's strong economic status, combined with technologically well-equipped infrastructure to handle large cargo volumes, has significantly contributed to its dominance in the global maritime analytics market in recent years. Presently, the shipping industries in the UK, France, Russia, Germany, and Italy are characterized by a large number of commercial and defense vessels, which form a significant share of the marine traffic in the region.

Europe has emerged as one of the world's crucial international trade corridors through the sea. As per European Commission data sources, the maritime trade accounts for almost three-fourth of the total trade of the region. Since the shipping sector plays a crucial role in various European countries and contributes significantly to their respective GDPs, the modernization of various technological solutions becomes a crucial aspect of their operations for seamless management and maintenance. The strong penetration of marine transportation in the region has resulted in the early adoption of marine digital technology and data-driven analytics solutions for efficient management of maritime operational processes. Countries such as Italy and Russia are adopting advanced data analytics solutions in their maritime industries due to their strategically important location beside the Mediterranean Sea and robust capabilities of defense vessel manufacturing.

Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

 

Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

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Europe Maritime analytics Market Segmentation

The Europe maritime analytics market is segmented into application, end user, and country.

Based on application, the maritime analytics market is divided into optimal route mapping, predictive & prescriptive analytics, pricing insights, vessel safety & security, and others. The predictive & prescriptive analytics segment held the largest market share in 2023.    

Based on end user, the market is bifurcated into commercial and defense. The commercial segment held the largest market share in 2023.

Based on country, the Europe maritime analytics market is segmented into France, Germany, Italy, UK, Russia, and the Rest of Europe. Germany dominated the market in 2023.

Maritech Holdings Limited; RightShip Pty Limited; ShipNet; Windward Ltd; Kpler; Kayrros; OrbitMI, Inc.; Q88 LLC; Veson Nautical; Pole Star Space Applications; SEDNA Communications Ltd; Nordic IT; LgMAR; Signal Group; eeSea Aps; Shipfix Technologies S.A.S.; Shipamax Ltd.; Siglar Carbon; ZeroNorth A/S; Dataloy Systems AS; NINETY PERCENT OF EVERYTHING LIMITED; and Trigonal Ltd are the leading companies operating in the Europe maritime analytics 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.           Europe Maritime Analytics Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

5.           Europe Maritime Analytics –Market Dynamics

5.1         Market Drivers

5.1.1        Rising Trend of Digitalization in Global Maritime Industry

5.1.2        Increasing Demand for Enhanced Maritime Operations Through Data Analytics

5.2         Market Restraints

5.2.1        Concerns Related to Cyber Security and Lack of Skilled Workforce

5.3         Future Trends

5.3.1        Use of Advanced Technologies in Maritime Industry

5.4         Impact Analysis of Drivers and Restraints

6.           Maritime Analytics Market – Europe Analysis

6.1         Europe: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

6.2         Europe Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

7.           Europe Maritime Analytics Market Analysis – By Application

7.1         Overview

7.2         Europe Maritime Analytics Market Breakdown, by Application, 2022 and 2028

7.3         Optimal Route Mapping

7.3.1        Overview

7.3.2        Optimal Route Mapping: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

7.4         Predictive and Prescriptive Analytics

7.4.1        Overview

7.4.2        Predictive and Prescriptive Analytics: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

7.5         Pricing Insights

7.5.1        Overview

7.5.2        Pricing Insights: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

7.6         Vessel Safety and Security

7.6.1        Overview

7.6.2        Vessel Safety and Security: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

8.           Europe Maritime Analytics Market Analysis – By End User

8.1         Overview

8.2         Europe Maritime Analytics Market Breakdown, by End User, 2022 and 2028

8.3         Commercial

8.3.1        Overview

8.3.2        Commercial: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

8.4         Military

8.4.1        Overview

8.4.2        Military: Europe Maritime Analytics Market Revenue and Forecast to 2028 (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 2028 (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 2028 (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 2028 (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 2028 (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 2028 (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 2028 (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.        Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      Product Development

10.4      Mergers & Acquisitions

11.        Company Profiles

11.1      Maritech Holdings Limited

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      RightShip Pty Limited

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      ShipNet

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Windward Ltd

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Kpler

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Kayrros

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      OrbitMI, Inc.

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      Q88 LLC

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      Signal Group

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   eeSea Aps

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products and Services

11.10.4  Financial Overview

11.10.5  SWOT Analysis

11.10.6  Key Developments

11.11   Shipfix Technologies S.A.S.

11.11.1  Key Facts

11.11.2  Business Description

11.11.3  Products and Services

11.11.4  Financial Overview

11.11.5  SWOT Analysis

11.11.6  Key Developments

11.12   Shipamax Ltd.

11.12.1  Key Facts

11.12.2  Business Description

11.12.3  Products and Services

11.12.4  Financial Overview

11.12.5  SWOT Analysis

11.12.6  Key Developments

11.13   Veson Nautical

11.13.1  Key Facts

11.13.2  Business Description

11.13.3  Products and Services

11.13.4  Financial Overview

11.13.5  SWOT Analysis

11.13.6  Key Developments

11.14   Siglar Carbon

11.14.1  Key Facts

11.14.2  Business Description

11.14.3  Products and Services

11.14.4  Financial Overview

11.14.5  SWOT Analysis

11.14.6  Key Developments

11.15   ZeroNorth A/S

11.15.1  Key Facts

11.15.2  Business Description

11.15.3  Products and Services

11.15.4  Financial Overview

11.15.5  SWOT Analysis

11.15.6  Key Developments

11.16   Pole Star Space Applications

11.16.1  Key Facts

11.16.2  Business Description

11.16.3  Products and Services

11.16.4  Financial Overview

11.16.5  SWOT Analysis

11.16.6  Key Developments

11.17   Dataloy Systems AS

11.17.1  Key Facts

11.17.2  Business Description

11.17.3  Products and Services

11.17.4  Financial Overview

11.17.5  SWOT Analysis

11.17.6  Key Developments

11.18   NINETY PERCENT OF EVERYTHING LIMITED

11.18.1  Key Facts

11.18.2  Business Description

11.18.3  Products and Services

11.18.4  Financial Overview

11.18.5  SWOT Analysis

11.18.6  Key Developments

11.19   SEDNA Communications Ltd

11.19.1  Key Facts

11.19.2  Business Description

11.19.3  Products and Services

11.19.4  Financial Overview

11.19.5  SWOT Analysis

11.19.6  Key Developments

11.20   Nordic IT

11.20.1  Key Facts

11.20.2  Business Description

11.20.3  Products and Services

11.20.4  Financial Overview

11.20.5  SWOT Analysis

11.20.6  Key Developments

11.21   LgMAR

11.21.1  Key Facts

11.21.2  Business Description

11.21.3  Products and Services

11.21.4  Financial Overview

11.21.5  SWOT Analysis

11.21.6  Key Developments

11.22   Trigonal Ltd.

11.22.1  Key Facts

11.22.2  Business Description

11.22.3  Products and Services

11.22.4  Financial Overview

11.22.5  SWOT Analysis

11.22.6  Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

 

 

LIST OF TABLES

Table 1.             Germany: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 2.             Germany: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 3.             France: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 4.             France: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Italy: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Italy: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 7.             UK: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 8.             UK: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Russia: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Russia: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of Europe: Maritime Analytics Market, by Application –Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of Europe: Maritime Analytics Market, by End User –Revenue and Forecast to 2028 (US$ Million)

Table 13.          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 End User

Figure 6.           Europe: PEST Analysis

Figure 7.           Europe Maritime Analytics Market– Ecosystem Analysis

Figure 8.           Europe Maritime Analytics Market Impact Analysis of Drivers and Restraints

Figure 9.           Europe: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Europe Maritime Analytics Market Breakdown, by Application (2022 and 2028)

Figure 11.        Optimal Route Mapping: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Predictive and Prescriptive Analytics: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Pricing Insights: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Vessel Safety and Security: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Europe Maritime Analytics Market Breakdown, by End User (2022 and 2028)

Figure 17.        Commercial: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Military: Europe Maritime Analytics Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Europe: Maritime Analytics Market, by Key Country – Revenue (2022) (US$ Million)

Figure 20.        Europe: Maritime Analytics Market Revenue Share, By Key Country (2022 and 2028)

Figure 21.        Germany: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        France: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Italy: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        UK: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Russia: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Rest of Europe: Maritime Analytics Market – Revenue and Forecast to 2028 (US$ Million)

  1. Maritech Holdings Limited
  2. RightShip Pty Limited
  3. ShipNet
  4. Windward Ltd
  5. Kpler
  6. Kayrros 
  7. OrbitMI, Inc.
  8. Q88 LLC
  9. Veson Nautical
  10. Pole Star Space Applications
  11. SEDNA Communications Ltd
  12. Nordic IT
  13. LgMAR
  14. Signal Group
  15. eeSea Aps
  16. Shipfix Technologies S.A.S.
  17. Shipamax Ltd.
  18. Siglar Carbon
  19. ZeroNorth A/S
  20. Dataloy Systems AS
  21. NINETY PERCENT OF EVERYTHING LIMITED
  22. Trigonal 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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