Maritime information market size to increase by USD 1,013.78 million; Europe to account for 43% of market growth - Technavio

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01/25/2023 - 09:00 AM

NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The Maritime Information Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 1,013.78 million between 2022 and 2027 at a CAGR of 9.97%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report

Regional Analysis

By region, the global maritime information market is segmented into Europe, North America, APAC, Middle East and Africa, and South America. Europe will account for 43% of market growth during the forecast period. Many enterprises operating in the region are adopting maritime information solutions to get a common view of maritime operations and improve their decision-making process. This is one of the key factors driving the growth of the maritime information market in Europe. Buy the report

Company Profiles

The maritime information market report includes information on the key products and recent developments of leading vendors, including:

Elbit Systems Ltd. - The company offers maritime information products such as SABR GPS receivers, FALCON, and BAE SystemsDataRetain.
Inmarsat Global Ltd. - The company offers maritime information products such as D-ID sonar, CHIRP sonar, and Garmin ClearVu.
Intelsat US LLC - The company offers maritime information products such as Inmarsat and GMDSS.
Kongsberg Gruppen ASA - The company offers maritime information products such as FlexMaritime.

Market Dynamics

The market is driven by factors such as the need to comply with strict regulations, rising demand for operational efficiency enhancement by machine learning and data science, and integration of AISs into maritime information solutions. However, the high cost of implementation is hindering market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

By end-user, the market is segmented into commercial and government. The commercial segment accounted for the largest share of the market in 2022.
By geography, the market is segmented into Europe, North America, APAC, Middle East and Africa, and South America. Europe held the largest share of the market in 2022.

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What are the key data covered in this maritime information market report?

CAGR of the market during the forecast period.
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the size of the maritime information market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the market across Europe, North America, APAC, Middle East and Africa, and South America.
A thorough analysis of the market's competitive landscape and detailed information about vendors.
Comprehensive analysis of factors that will challenge the growth of maritime information market vendors.

Maritime Information Market Scope

Report Coverage	Details
Page number	175
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.97%
Market growth 2023-2027	USD 1013.78 million
Market structure	Fragmented
YoY growth 2022-2023(%)	8.47
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 43%
Key countries	US, Japan, UK, Germany, and Greece
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	BAE Systems Plc, Elbit Systems Ltd., Inmarsat Global Ltd., Intelsat US LLC, Kongsberg Gruppen ASA, L3Harris Technologies Inc., Lockheed Martin Corp., Maritec Solutions, Maxar Technologies Inc., Nisshinbo Holdings Inc., Northrop Grumman Corp., ORBCOMM Inc., Raytheon Technologies Corp., Saab AB, Spire Global Inc., Teledyne Technologies Inc., Thales Group, Windward Ltd., Garmin Ltd, and Singapore Telecommunications Ltd.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global maritime information market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global maritime information market 2017 - 2021 ($ million)

4.2 End-user Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments

Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

6.2 Comparison by End-user

Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user

6.3 Commercial - Market size and forecast 2022-2027

Exhibit 34: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

6.4 Government - Market size and forecast 2022-2027

Exhibit 38: Chart on Government - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Government - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Government - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Government - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by End-user

Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Application

7.1 Market segments

Exhibit 43: Chart on Application - Market share 2022-2027 (%)
Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application

Exhibit 45: Chart on Comparison by Application
Exhibit 46: Data Table on Comparison by Application

7.3 MIA - Market size and forecast 2022-2027

Exhibit 47: Chart on MIA - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on MIA - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on MIA - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on MIA - Year-over-year growth 2022-2027 (%)

7.4 MIP - Market size and forecast 2022-2027

Exhibit 51: Chart on MIP - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on MIP - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on MIP - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on MIP - Year-over-year growth 2022-2027 (%)

7.5 VT - Market size and forecast 2022-2027

Exhibit 55: Chart on VT - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on VT - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on VT - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on VT - Year-over-year growth 2022-2027 (%)

7.6 AIS - Market size and forecast 2022-2027

Exhibit 59: Chart on AIS - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on AIS - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on AIS - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on AIS - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Application

Exhibit 63: Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027

Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027

Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027

Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 UK - Market size and forecast 2022-2027

Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027

Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 Greece - Market size and forecast 2022-2027

Exhibit 101: Chart on Greece - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Greece - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Greece - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Greece - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027

Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 112: Overview on factors of disruption

11.4 Industry risks

Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 114: Vendors covered

12.2 Market positioning of vendors

Exhibit 115: Matrix on vendor position and classification

12.3 BAE Systems Plc

Exhibit 116: BAE Systems Plc - Overview
Exhibit 117: BAE Systems Plc - Business segments
Exhibit 118: BAE Systems Plc - Key offerings
Exhibit 119: BAE Systems Plc - Segment focus

12.4 Garmin Ltd

Exhibit 120: Garmin Ltd - Overview
Exhibit 121: Garmin Ltd - Business segments
Exhibit 122: Garmin Ltd - Key offerings
Exhibit 123: Garmin Ltd - Segment focus

12.5 Inmarsat Global Ltd.

Exhibit 124: Inmarsat Global Ltd. - Overview
Exhibit 125: Inmarsat Global Ltd. - Business segments
Exhibit 126: Inmarsat Global Ltd. - Key offerings
Exhibit 127: Inmarsat Global Ltd. - Segment focus

12.6 Intelsat US LLC

Exhibit 128: Intelsat US LLC - Overview
Exhibit 129: Intelsat US LLC - Business segments
Exhibit 130: Intelsat US LLC - Key offerings
Exhibit 131: Intelsat US LLC - Segment focus

12.7 Kongsberg Gruppen ASA

Exhibit 132: Kongsberg Gruppen ASA - Overview
Exhibit 133: Kongsberg Gruppen ASA - Business segments
Exhibit 134: Kongsberg Gruppen ASA - Key news
Exhibit 135: Kongsberg Gruppen ASA - Key offerings
Exhibit 136: Kongsberg Gruppen ASA - Segment focus

12.8 L3Harris Technologies Inc.

Exhibit 137: L3Harris Technologies Inc. - Overview
Exhibit 138: L3Harris Technologies Inc. - Business segments
Exhibit 139: L3Harris Technologies Inc. - Key news
Exhibit 140: L3Harris Technologies Inc. - Key offerings
Exhibit 141: L3Harris Technologies Inc. - Segment focus

12.9 Lockheed Martin Corp.

Exhibit 142: Lockheed Martin Corp. - Overview
Exhibit 143: Lockheed Martin Corp. - Business segments
Exhibit 144: Lockheed Martin Corp. - Key news
Exhibit 145: Lockheed Martin Corp. - Key offerings
Exhibit 146: Lockheed Martin Corp. - Segment focus

12.10 Maritec Solutions

Exhibit 147: Maritec Solutions - Overview
Exhibit 148: Maritec Solutions - Product / Service
Exhibit 149: Maritec Solutions - Key offerings

12.11 Maxar Technologies Inc.

Exhibit 150: Maxar Technologies Inc. - Overview
Exhibit 151: Maxar Technologies Inc. - Business segments
Exhibit 152: Maxar Technologies Inc. - Key offerings
Exhibit 153: Maxar Technologies Inc. - Segment focus

12.12 ORBCOMM Inc.

Exhibit 154: ORBCOMM Inc. - Overview
Exhibit 155: ORBCOMM Inc. - Product / Service
Exhibit 156: ORBCOMM Inc. - Key offerings

12.13 Raytheon Technologies Corp.

Exhibit 157: Raytheon Technologies Corp. - Overview
Exhibit 158: Raytheon Technologies Corp. - Business segments
Exhibit 159: Raytheon Technologies Corp. - Key news
Exhibit 160: Raytheon Technologies Corp. - Key offerings
Exhibit 161: Raytheon Technologies Corp. - Segment focus

12.14 Saab AB

Exhibit 162: Saab AB - Overview
Exhibit 163: Saab AB - Business segments
Exhibit 164: Saab AB - Key news
Exhibit 165: Saab AB - Key offerings
Exhibit 166: Saab AB - Segment focus

12.15 Spire Global Inc.

Exhibit 167: Spire Global Inc. - Overview
Exhibit 168: Spire Global Inc. - Product / Service
Exhibit 169: Spire Global Inc. - Key offerings

12.16 Teledyne Technologies Inc.

Exhibit 170: Teledyne Technologies Inc. - Overview
Exhibit 171: Teledyne Technologies Inc. - Business segments
Exhibit 172: Teledyne Technologies Inc. - Key news
Exhibit 173: Teledyne Technologies Inc. - Key offerings
Exhibit 174: Teledyne Technologies Inc. - Segment focus

12.17 Thales Group

Exhibit 175: Thales Group - Overview
Exhibit 176: Thales Group - Business segments
Exhibit 177: Thales Group - Key offerings
Exhibit 178: Thales Group - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 179: Inclusions checklist
Exhibit 180: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 181: Currency conversion rates for US$

13.4 Research methodology

Exhibit 182: Research methodology
Exhibit 183: Validation techniques employed for market sizing
Exhibit 184: Information sources

13.5 List of abbreviations

Exhibit 185: List of abbreviations

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