Asia Pacific Maritime Information Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Platform (On-Shore and Vessel), Application (Fleet Management, Vessel Tracking, and Maritime Security), and End-User (Commercial and Government)

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The Asia Pacific maritime information market is expected to grow from US$ 319.34 million in 2022 to US$ 499.98 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028.

Emergence of Big Data Analytics and IoT will be Driving the Asia Pacific Maritime Information Market in Coming Years

Information collected from large operation systems, such as ships and ports, is verified using data analytics which includes information about container weight, type, and destination. Additionally, it can analyze the ship's trim, stability, engine performance, and communication data, among others. Big data analytics on ships can provide insights into historical container patterns and maritime conditions. Ships move by responding to various shifts in weather conditions. Big data analytics analyses these parameters and increases the efficiency and overall performance of the sea vessels. Further, Internet of Things (IoT) enables the remote control of some objects. It functions with a GPS and a cloud-based database that stores all the information gathered by equipment on the ship. IoT can connect all other equipment and shipments through wireless networks, such as robots. Thus, the Emergence of big data analytics and IoT is anticipated to boost the growth of the maritime information across the region

Asia Pacific Maritime Information Market Overview

Australia, China, India, Japan, South Korea, and rest of Asia Pacific are the key contributors to the maritime information market in the Asia Pacific. Based on a report by Allianz Global Corporate & Specialty (AGCS), a unit of Allianz Group, the number of shipping incidents in Asia has increased by 22% since 2018. This requires greater use of maritime information systems. Many ports, specifically Indian ports, are now adopting new technologies in which automated identification systems play a vital role. This is expected to address the inefficiencies of Indian ports in handling cargo due to constraints such as long dwell times. Maritime information plays a crucial role in economic development, as most of the world's trade is carried across Asia Pacific seas. As this continued commercial growth has increased the number of illegal activities, governments in countries such as China, Japan, and India are increasing their maritime budgets, potentially creating opportunities for market growth. Shanghai, Singapore, Hong Kong, Tianjin, Qingdao, Guangzhou, Busan, Ningbo-Zhoushan, and Shenzhen are among the busiest ports in the world; they are all located in Asia Pacific. Strong sea trade from countries in Asia Pacific, such as China, Japan, India, and South Korea, mainly contributed to the region's leading position in the market. In addition, large export volumes, intra-regional trading activities, and expanding manufacturing activities, especially in these countries, are expected to support market growth. For instance, in April 2019, a new land-sea freight route was implemented, connecting Southwest China's Chongqing Municipality with Indonesia. Cargo overturns at Asia's major hub ports surged through December 2020 as the rising container demand from the US and Europe overwhelmed terminals and carrier capacity, despite deploying all available vessels and extra loaders on both trades. Hence, the growing marine trading across the region is expected to propel the Asia Pacific maritime information market over the forecast period.

Asia Pacific Maritime Information Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Maritime Information Market Segmentation

The Asia Pacific maritime information market is segmented into platform, application, end-user, and country.

Based on platform, the Asia Pacific maritime information market is bifurcated into on-shore and vessel. In 2022, the vessel segment registered the larger share in Asia Pacific maritime information market.

Based on application, the Asia Pacific maritime information market is segmented into fleet management, vessel tracking, and maritime security. In 2022, the fleet management segment registered the largest share in Asia Pacific maritime information market.

Based on end user, the Asia Pacific maritime information market is bifurcated into commercial and government. In 2022, the commercial segment registered the larger share in Asia Pacific maritime information market.

Based on country, the Asia Pacific maritime information market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, the Rest of Asia Pacific segment registered the largest share in Asia Pacific maritime information market.

BAE Systems Plc; Fujitsu Limited; Iridium Communications Inc.; L3Harris Technologies Inc.; Lockheed Martin Corp; Northrop Grumman Corp; ONEOCEAN; ORBCOMM Inc.; Polestar; Saab AB; Siemens AG; Spire Global; Thales Group; and Windward Ltd are the leading companies operating in the Asia Pacific maritime information market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific maritime information market.
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The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific maritime information 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 Asia Pacific market trends and outlook coupled with the factors driving the maritime information 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

Product Code: BMIRE00027858

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. APAC Maritime Information Market Landscape

4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. APAC Maritime Information Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Need for Efficient Management of Complex Supply Chain Operations
- 5.1.2 Surge in Sea Trade and Increasing Maritime Budgets
- 5.1.3 Growing Adoption of Automatic Identification Systems
5.2 Market Restraints
- 5.2.1 Interoperability Issues and Cyber Threats
5.3 Market Opportunities
- 5.3.1 Development of Integrated Solutions to Lower Maritime Terrorism and Piracy
- 5.3.2 Rising Digitalization in Shipping Industry
5.4 Future Trends
- 5.4.1 Emergence of Big Data Analytics and IoT
- 5.4.2 Adoption of Cloud-Based Marine Information Solutions
5.5 Impact Analysis of Drivers and Restraints

6. Maritime Information Market - APAC Market Analysis

6.1 APAC Maritime Information Market Overview
6.2 APAC Maritime Information Market Forecast and Analysis

7. APAC Maritime Information Market Analysis - By Platform

7.1 Overview
7.2 APAC Maritime Information Market, By Platform (2021 and 2028)
7.3 On-Shore
- 7.3.1 Overview
- 7.3.2 On-Shore: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
7.4 Vessel
- 7.4.1 Overview
- 7.4.2 Vessel: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

8. APAC Maritime Information Market Revenue and Forecast to 2028 - By Application

8.1 Overview
8.2 APAC Maritime Information Market, By Application (2021 and 2028)
8.3 Fleet Management
- 8.3.1 Overview
- 8.3.2 Fleet Management: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.4 Vessel Tracking
- 8.4.1 Overview
- 8.4.2 Vessel Tracking: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
8.5 Maritime Security
- 8.5.1 Overview
- 8.5.2 Maritime Security: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

9. APAC Maritime Information Market Revenue and Forecast to 2028 - End-User

9.1 Overview
9.2 APAC Maritime Information Market, By End-User (2021 And 2028)
9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)
9.4 Government
- 9.4.1 Overview
- 9.4.2 Government: APAC Maritime Information Market Revenue and Forecast To 2028 (US$ Million)

10. APAC Maritime Information Market - Country Analysis

10.1 Overview
- 10.1.1 APAC: Maritime Information Market, By Key Country
  - 10.1.1.1 China: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.1.1 China: Maritime Information Market, By Platform
    - 10.1.1.1.2 China: Maritime Information Market, By Application
    - 10.1.1.1.3 China: Maritime Information Market, By End-User
  - 10.1.1.2 Japan: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.2.1 Japan: Maritime Information Market, By Platform
    - 10.1.1.2.2 Japan: Maritime Information Market, By Application
    - 10.1.1.2.3 Japan: Maritime Information Market, By End-User
  - 10.1.1.3 India: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.3.1 India: Maritime Information Market, By Platform
    - 10.1.1.3.2 India: Maritime Information Market, By Application
    - 10.1.1.3.3 India: Maritime Information Market, By End-User
  - 10.1.1.4 South Korea: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.4.1 South Korea: Maritime Information Market, By Platform
    - 10.1.1.4.2 South Korea: Maritime Information Market, By Application
    - 10.1.1.4.3 South Korea: Maritime Information Market, By End-User
  - 10.1.1.5 Australia: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.5.1 Australia: Maritime Information Market, By Platform
    - 10.1.1.5.2 Australia: Maritime Information Market, By Application
    - 10.1.1.5.3 Australia: Maritime Information Market, By End-User
  - 10.1.1.6 Rest of APAC: Maritime Information Market - Revenue and Forecast to 2028 (US$ Million)
    - 10.1.1.6.1 Rest of APAC: Maritime Information Market, By Platform
    - 10.1.1.6.2 Rest of APAC: Maritime Information Market, By Application
    - 10.1.1.6.3 Rest of APAC: Maritime Information Market, By End-User

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 BAE Systems Plc
- 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 Spire Global
- 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 Iridium Communications Inc.
- 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 L3Harris Technologies 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 Lockheed Martin Corp
- 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 ORBCOMM Inc.
- 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 Saab AB
- 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 Thales Group
- 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 Northrop Grumman Corp
- 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
12.11 Polestar
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
12.12 ONEOCEAN
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
12.13 Fujitsu Limited
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
12.14 Siemens AG
- 12.14.1 Key Facts
- 12.14.2 Business Description
- 12.14.3 Products and Services
- 12.14.4 Financial Overview
- 12.14.5 SWOT Analysis
- 12.14.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index