PUBLISHER: The Business Research Company | PRODUCT CODE: 1810197
PUBLISHER: The Business Research Company | PRODUCT CODE: 1810197
A maritime information solution is an integrated system designed to collect, process, and analyze data concerning vessel movements, sea routes, and maritime weather conditions. These solutions aim to enhance efficiency, safety, and security within the maritime sector. By delivering real-time updates alongside historical data, they help organizations monitor ship activity, optimize logistics, and make well-informed decisions in complex maritime settings.
The primary types of maritime information solutions include data analytics, navigation and fleet management, port management, weather forecasting, and compliance and regulatory systems. Data analytics solutions leverage advanced tools and platforms to interpret maritime data, improving operational performance, guiding strategic planning, and optimizing workflows. These systems comprise various components such as software, hardware, and services, and can be deployed on-premises, in the cloud, or through hybrid setups. Their applications span vessel tracking, maritime security, fleet operations, navigation and routing, among others, and serve a wide range of users including shipping companies, port and terminal operators, government and regulatory bodies, marine research organizations, and transportation and logistics firms.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp hike in U.S. tariffs and the associated trade disputes in spring 2025 are notably impacting the aerospace and defense sector by raising costs for titanium, carbon fiber composites, and avionics materials largely sourced from global suppliers. Defense contractors, locked into fixed-price government contracts, absorb these added costs, while commercial aerospace firms face airline pushback on higher aircraft prices. Delays in component shipments due to customs bottlenecks further disrupt tight production schedules for jets and satellites. The industry is responding by stockpiling critical materials, seeking waivers for defense-related imports, and collaborating with allied nations to diversify supply chain.
The maritime information solution market research report is one of a series of new reports from The Business Research Company that provides maritime information solution market statistics, including the maritime information solution industry's global market size, regional shares, competitors with the maritime information solution market share, detailed maritime information solution market segments, market trends and opportunities, and any further data you may need to thrive in the maritime information solution market. This maritime information solution market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The maritime information solution market size has grown strongly in recent years. It will grow from $2.98 billion in 2024 to $3.27 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth during the historic period can be attributed to the increasing need for maritime domain awareness in national defense, the rise in maritime trade volumes and international shipping activity, the growing emphasis on predictive maintenance and operational efficiency, the expanding use of IoT-enabled sensors for tracking vessel performance, and the heightened focus on cybersecurity within maritime digital systems.
The maritime information solution market size is expected to see strong growth in the next few years. It will grow to $4.70 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The projected growth in the forecast period is driven by rising demand for real-time vessel tracking and monitoring, a growing focus on improving maritime safety and security, increased investments in modernizing maritime infrastructure, broader adoption of satellite-based communication and navigation systems, and a heightened need for efficient port management solutions. Key trends expected during this period include advancements in satellite communication technology, innovations in marine radar and sonar systems, the integration of cloud computing, the use of AI and advanced data analytics for maritime traffic forecasting, and the development of digital twin technology to create virtual representations of vessels.
The increasing focus on maritime safety and security is expected to drive the growth of the maritime information solution market. Maritime safety and security involve the implementation of systems and technologies designed to protect maritime infrastructure, personnel, and assets from accidents, threats, and illegal activities. The rising importance of these measures is fueled by growing geopolitical tensions, which heighten the risk of maritime conflicts and necessitate stronger protection of sea routes and critical infrastructure. Maritime information solutions contribute to this by offering real-time data, vessel tracking, threat detection, and decision-support tools, enabling operators to monitor and respond to risks effectively. For example, in January 2025, the ICC International Maritime Bureau, a UK-based non-profit organization, reported 116 incidents against ships in 2024, slightly up from 115 in 2022. Of these incidents, 94 vessels were boarded, 13 were subjected to attempted attacks, six were hijacked, and three were fired upon. The number of crew members taken hostage or kidnapped also rose, with 126 in 2024 compared to 73 in 2023 and 41 in 2022. This growing emphasis on maritime security is fueling demand for maritime information solutions.
Leading companies in the maritime information solution market are introducing advanced technologies, such as space-powered weather insights, to improve maritime operational safety and efficiency. These solutions utilize satellite-based systems and data to provide highly accurate, real-time weather forecasts and insights for maritime use. For instance, in May 2023, Spire Global Inc., a US-based space-to-cloud data and analytics company, launched the Deep Navigation Analytics (DNA) Platform. This space-powered weather solution draws on Spire's satellite constellation and proprietary weather modeling to deliver 15-day global forecasts and real-time risk assessments. It offers maritime stakeholders access to essential weather data, actionable insights, and decision-support tools through APIs and visual dashboards. The platform helps optimize shipping routes, enhance navigational safety, lower fuel consumption, and reduce emissions by integrating weather data with vessel and port information, potentially saving the industry substantial operational costs and decreasing environmental impact.
In May 2023, Viasat Inc., a US-based internet service provider, acquired Inmarsat Group Holdings Ltd. for an undisclosed amount. The acquisition is intended to establish Viasat as a global leader in connectivity by combining its resources with those of Inmarsat to deliver secure and reliable satellite communication solutions across various sectors, including maritime, aviation, government, and consumer markets. Inmarsat Group Holdings Ltd. is a UK-based satellite telecommunications provider known for offering maritime communication services that enhance operational performance and improve crew welfare.
Major players in the maritime information solution market are Raytheon Technologies Corp, Lockheed Martin Corporation, Northrop Grumman Corporation, ABB Ltd., BAE Systems plc, Thales Group, L3Harris Technologies Inc., Wartsila Corporation, Garmin Ltd., Saab AB, Kongsberg Gruppen ASA, Maxar Technologies Inc., Teledyne FLIR LLC, ExactEarth Ltd., ORBCOMM Inc., Spire Global Inc., Veson Nautical, Pole Star Global, NAPA Ltd., SRT Marine Systems plc, Navtor AS, Windward Ltd., and Xanatos Marine Ltd.
North America was the largest region in the maritime information solution market in 2024. The regions covered in maritime information solution report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the maritime information solution market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The maritime information solution market consists of revenues earned by entities by providing services such as vessel tracking and monitoring, maritime domain awareness, search and rescue support, and port and harbor management. The market value includes the value of related goods sold by the service provider or included within the service offering. The maritime information solution market also includes sales of products, including automatic identification system transceivers, vessel traffic management systems, oceanographic information systems, and marine radar systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Maritime Information Solution Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on maritime information solution market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for maritime information solution ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The maritime information solution market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.