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The global maritime information market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2027, exhibiting a growth rate (CAGR) of 10.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Maritime navigation has been used since centuries for trade, traveling and security purposes. The advent of digital transformation in marine navigation has aided users in gathering crucial information about the activities undertaken on ports and water bodies. Maritime information solutions assist vessels in adapting to the dynamic sea conditions by monitoring several parameters, which enable users and organizations to take better operational as well as strategic decisions. Besides this, they are associated with advantages such as enhancing the overall productivity and safety, along with ensuring efficiency in marine operations. As a result, these solutions are being employed for acquiring data about the ownership, movements, specifications and commercial activities of naval vessels.
As maritime information solutions play a vital role in ensuring an economy’s security, they are widely used by governing authorities around the world. These solutions help nations in minimizing maritime threats such as human trafficking, terrorist attacks, environmental destruction and illegal seaborne immigration. Moreover, on account of the liberalization of world trade, there has been a significant increase in the number of ships that traverse the oceans which, in turn, is strengthening the demand for these solutions. Apart from this, the International Maritime Organization (IMO) has recently implemented stringent laws, making it compulsory for all vessels to be deployed with Automatic Identification System (AIS) in order to monitor maritime traffic and avoid collision with other ships. Further, manufacturers are financing in research and development activities to attain accurate signal detection from naval vessels.
IMARC Group’s latest report provides a deep insight into the global maritime information market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the maritime information market in any manner.
IMARC Group provides an analysis of the key trends in each sub-segment of the global maritime information market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application and end-user.
Breakup by Application:
Breakup by End-User:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Inmarsat, L3 Technologies, ORBCOMM, Raytheon Company, Thales Group, exactEarth, Iridium Communications, etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Application, End-User, Region|
|Region Covered||Europe, North America, Asia Pacific, Middle East and Africa, Latin America|
|Companies Covered||Inmarsat, L3 Technologies, ORBCOMM, Raytheon Company, Thales Group, exactEarth and Iridium Communications|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global maritime information market was valued at US$ 1.6 Billion in 2021.
We expect the global maritime information market to exhibit a CAGR of 10.1% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the decline of numerous maritime activities, thereby negatively impacting the global market for maritime information.
The increasing geopolitical tensions, along with the rising adoption of maritime information solutions to minimize maritime threats, such as human trafficking, terrorist attacks, environmental destruction, etc., are primarily driving the global maritime information market.
Based on the application, the global maritime information market has been segregated into maritime information analytics, maritime information provision, vessel tracking, and AIS (Automatic Identification System). Among these, maritime information analytics currently holds the largest market share.
Based on the end-user, the global maritime information market can be bifurcated into government and commercial. Currently, the commercial sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global maritime information market include Inmarsat, L3 Technologies, ORBCOMM, Raytheon Company, Thales Group, exactEarth, Iridium Communications, etc.
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