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North America 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: TIPRE00015403 | Pages: 107 | 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 maritime analytics market for North America region. The 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. Companies are constantly investing in innovative solutions to make their operations profitable and to gaining competitive advantages over competitors. 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 affecting the North America maritime analytics market growth. Factors such as growing demand for enhanced maritime operations via data analytics and growing trend of digitalization in shipping industry is expected to create significant demand of maritime analytics in North America, which will drive the North America maritime analytics market.

Furthermore, in case of COVID-19, North America region is highly affected specially US. The North America region is a crucial region for the demand of maritime analytics solutions owing to the presence of developed countries such as the US and Canada in this region. Logistics and transportation is an essential element for the smooth operations of any industry including FMCG, healthcare, retail, automotive and others, where shipping contributes a substantial share in the global logistics and transportation sector. The countries like the US are major markets for the growth of maritime analytics market and thus the interruptions in supply chains and logistics operations due to COVID-19 outbreak is affecting the growth of key maritime analytics market players operating in the North America region. The inter country maritime trade between the US, Canada, and Mexico is also getting affected due to restrictions imposed by various governments to contain virus spread in their respective countries which has also affected the North America maritime analytics market negatively. 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 North America region for the next few quarters.

Market Overview and Dynamics

The maritime analytics market in North America is expected to grow from US$ 283.42 million in 2019 to US$ 519.82 million by 2027; it is estimated to grow at a CAGR of 8.5 % from 2020 to 2027. Investment prospects for data analytics companies is expected to surge the North America maritime analytics market. Due to Advancement in technology, several maritime industry players that are operating in North America region have started seeking maritime analytics solutions in order to enhance the efficiency and reliability of marine data for future operations driving the maritime analytics market growth. Traditionally, maritime data was collected once in a year with the use of manual labor which would impacted the maritime industry stakeholders. Due to requirement for data analytics in the marine sector, several analytical and software developing companies started to offer maritime analytics software. In recent years there has been increase in number of companies offering high-end technologies such as maritime analytics for optimizing ship operations which is driving the North America maritime analytics market. For instance, in 2019, Spire Global Inc., announced the formal launch of a new business unit, Spire Maritime, to be specifically dedicated to developing satellite data and analytics solutions for the Marine industry in North America Region. Thus, technological advancement requirement in marine industry is creating Hugh opportunity for companies across North America to develop advance maritime analytics solutions, which will drive the North America maritime analytics market.

Key Market Segments

In terms of application, the predictive and prescriptive analytics segment accounted for the largest share of the North America maritime analytics market in 2019. Further, in terms of end user, the commercial segment held a larger market share of the North America 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 North America 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, SparkCognition, Spire Global, Windward Ltd.  

Reasons to buy report

  • To understand the North America 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 North America maritime analytics market
  • Efficiently plan M&A and partnership deals in North America 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 North America maritime analytics market
  • Obtain market revenue forecast for maritime analytics market by various segments from 2020-2027 in North America region.

North America Maritime Analytics Market Segmentation

North America Maritime Analytics Market - By Application

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

North America Maritime Analytics Market - By End User

  • Commercial
  • Military

North America Maritime Analytics Market - By Country

  • US
  • Canada
  • Mexico

North America Maritime Analytics Market - Company Profiles

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

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         North America Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Maritime Analytics Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

5.           North America Maritime Analytics Market –Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Trend of Digitalization in Shipping Industry

5.1.2        Growing Demand for Enhanced Maritime Operations Via Data Analytics

5.2         Market Restraints

5.2.1        Cyber Security Related Concerns and Shortage of Skilled Workforce

5.3         Market Opportunities

5.3.1        Investment Prospects for Data Analytics Companies

5.4         Future Trends

5.4.1        Advanced Technology for Maritime Industry Transformation

5.5         Impact Analysis of Drivers and Restraints

6.           Maritime Analytics Market – North America Analysis

6.1         North America Maritime Analytics Market Overview

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

6.3         Market Positioning –Market Players Ranking

7.           North America Maritime Analytics Market Analysis – By Application

7.1         Overview

7.2         North America 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.           North America Maritime Analytics Market Analysis – By End User

8.1         Overview

8.2         North America 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.           North America Maritime Analytics Market – Country Analysis

9.1         Overview

9.1.1        North America: Maritime Analytics Market, by Key Country

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

9.1.1.1.1          US: Maritime Analytics Market, by Application

9.1.1.1.2          US: Maritime Analytics Market, by End User

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

9.1.1.2.1          Canada: Maritime Analytics Market, by Application

9.1.1.2.2          Canada: Maritime Analytics Market, by End User

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

9.1.1.3.1          Mexico: Maritime Analytics Market, by Application

9.1.1.3.2          Mexico: Maritime Analytics Market, by End User

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

10.1      North America: 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      SparkCognition

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      Spire Global

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      SINAY SAS

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   Prisma Electronics SA

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

Table 8.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Maritime Analytics Market Segmentation

Figure 2.           North America Maritime Analytics Market Segmentation – By Country

Figure 3.           North America Maritime Analytics Market Overview

Figure 4.           North America Maritime Analytics Market, By Country

Figure 5.           North America Maritime Analytics Market, By Application

Figure 6.           North America Maritime Analytics Market, By End User

Figure 7.           North America: PEST Analysis

Figure 8.           North America Maritime Analytics Market– Ecosystem Analysis

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

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

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

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

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

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

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

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

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

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

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

Figure 20.        North America: Maritime Analytics Market Revenue Share, by Key Country (2019 and 2027)

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

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

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

Figure 24.        Impact of COVID-19 Pandemic on North American Country Markets

  1. ABB Ltd.
  2. exactEarth Ltd.
  3. Itransition
  4. Planet Labs Inc.
  5. Prisma Electronics SA
  6. ShipNet
  7. SINAY SAS
  8. SparkCognition
  9. Spire Global
  10. Windward Ltd.

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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