North America Maritime Analytics Market Size and Forecast (2021

Description

List of Tables

The North America Maritime Analytics Market is projected to grow significantly, reaching an estimated US$ 473.7 million by 2031, up from US$ 275.8 million in 2024. This growth represents a compound annual growth rate (CAGR) of 8.1% from 2025 to 2031.

Executive Summary and Market Analysis

In North America, particularly in the United States, the maritime sector is characterized by advanced port infrastructure and a strong reliance on imported goods. According to the US Maritime Shipping Import-Export Trade Data for 2023, the total trade volume reached US$ 5.21 trillion, with a trade deficit of US$ 1.19 trillion. This dependency has been exacerbated by the outsourcing of manufacturing to Asian economies, highlighting the need for efficient maritime operations. The US maritime industry is increasingly turning to specialized technical solutions and services to enhance the operation, maintenance, and growth of its infrastructure.

The financial backing available and the early adoption of advanced technological solutions have spurred the uptake of maritime analytics software among US businesses. This transition has led to the widespread use of modern tools that focus on predictive maintenance, route optimization, security, and risk management, creating substantial opportunities for market players. A notable event in this sector was Kpler's acquisition of Spire Maritime in November 2024, a deal valued at US$ 241 million, which emphasizes the rising demand for maritime analytics in the region.

Strategic Insights

Market Segmentation Analysis

The North America Maritime Analytics Market can be segmented based on various criteria:

By Component: The market is divided into Software and Services, with Software holding the largest market share in 2024.
By Deployment: The market is categorized into Cloud and On-Premises, where Cloud solutions dominate the market.
By Application: The applications include Predictive and Prescriptive Analytics, Optimal Route Mapping, Pricing Insights, Vessel Safety and Security, among others, with Predictive and Prescriptive Analytics leading the market.
By End User: The market is segmented into Commercial and Military, with the Commercial sector holding the largest share in 2024.

Market Outlook

As international trade continues to expand, the maritime industry faces increasing demands for efficiency, sustainability, and real-time operational visibility. Maritime analytics is crucial in addressing these challenges by providing data-driven insights that optimize shipping operations, enhance fleet management, and reduce costs. According to the UN Trade and Development (UNCTAD), global maritime trade grew by 2.4% in 2023, rebounding from a contraction in 2022. The sector is expected to grow at an average rate of 2.4% annually through 2029.

To bolster maritime transportation, logistics, and supply chain capabilities, key players are making significant investments. For instance, in March 2025, CMA CGM Group announced a US$ 20 billion investment aimed at strengthening the US maritime economy and transforming the domestic supply chain over the next four years. This investment builds on CMA CGM's 35-year history in the US, where it operates in 40 states and employs around 15,000 people, transporting over 5 million shipping containers annually.

The integration of digital technologies and data-driven solutions is revolutionizing the maritime sector, enhancing efficiency, decision-making, and overall performance. The adoption of these technologies has improved vessel management and maintenance, leading to increased reliability, extended lifespans, and reduced operational costs. The maritime industry is rapidly embracing digitalization and automation, which are essential for enhancing competitiveness and operational efficiency. These innovations are also pivotal in advancing the industry's decarbonization efforts, with a goal of achieving zero emissions in international shipping by mid-century.

Country Insights

The North America Maritime Analytics Market is segmented by country into the United States, Canada, and Mexico, with the United States holding the largest market share in 2024. According to the Marine Economy Satellite Account data from the US Bureau of Economic Analysis, the marine economy contributed US$ 476.2 billion, or 1.8%, to the US GDP in 2022, reflecting growth from US$ 424.2 billion in 2021. The marine economy accounted for 1.7% of the current gross output, totaling US$ 776.9 billion. The industry has seen growth in international shipments, supported by the extensive US port infrastructure, which includes over 300 ports. The American Association of Port Authorities reports that the US generates approximately US$ 3.0 trillion in revenue from seaborne operations. Consequently, the adoption of maritime analytics in the US is bolstered by a strong commercial presence and the ongoing demand for efficient commodity flow through international trade channels.

Company Profiles

Key players in the North America Maritime Analytics Market include ABB Ltd, Hexagon AB, ShipNet, Windward Ltd, Maritech Holdings Limited, Kpler, OrbitMI, Inc., ZeroNorth A/S, Viasat Inc, and SOLITWORK A/S. These companies are pursuing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to their customers.

Product Code: TIPRE00015403

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. Maritime Analytics Market Landscape

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 List of Vendors in the Value Chain

5. North America Maritime Analytics Market - Key Market Dynamics

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. Maritime Analytics Market - North America Market Analysis

6.1 North America Maritime Analytics Market Revenue (US$ Million), 2024 - 2031
6.2 North America Maritime Analytics Market Forecast and Analysis

7. North America Maritime Analytics Market Revenue Analysis - by Component

7.1 Software
- 7.1.1 Overview
- 7.1.2 Software: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

8. North America Maritime Analytics Market Revenue Analysis - by Deployment

8.1 Cloud
- 8.1.1 Overview
- 8.1.2 Cloud: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
8.2 On Premises
- 8.2.1 Overview
- 8.2.2 On Premises: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

9. North America Maritime Analytics Market Revenue Analysis - by Application

9.1 Predictive and Prescriptive Analytics
- 9.1.1 Overview
- 9.1.2 Predictive and Prescriptive Analytics: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.2 Optimal Route Mapping
- 9.2.1 Overview
- 9.2.2 Optimal Route Mapping: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.3 Pricing Insights
- 9.3.1 Overview
- 9.3.2 Pricing Insights: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.4 Vessel Safety and Security
- 9.4.1 Overview
- 9.4.2 Vessel Safety and Security: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

10. North America Maritime Analytics Market Revenue Analysis - by End User

10.1 Commercial
- 10.1.1 Overview
- 10.1.2 Commercial: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
10.2 Military
- 10.2.1 Overview
- 10.2.2 Military: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

11. North America Maritime Analytics Market - Country Analysis

11.1 North America
- 11.1.1 North America Maritime Analytics Market Revenue and Forecast and Analysis - by Country
  - 11.1.1.1 North America Maritime Analytics Market Revenue and Forecast and Analysis - by Country
  - 11.1.2.2 United States: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.1.2.2.1 United States: North America Maritime Analytics Market Share - by Component
    - 11.1.2.2.2 United States: North America Maritime Analytics Market Share - by Deployment
    - 11.1.2.2.3 United States: North America Maritime Analytics Market Share - by Application
    - 11.1.2.2.4 United States: North America Maritime Analytics Market Share - by End User
  - 11.2.3.3 Canada: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.2.3.3.1 Canada: North America Maritime Analytics Market Share - by Component
    - 11.2.3.3.2 Canada: North America Maritime Analytics Market Share - by Deployment
    - 11.2.3.3.3 Canada: North America Maritime Analytics Market Share - by Application
    - 11.2.3.3.4 Canada: North America Maritime Analytics Market Share - by End User
  - 11.3.4.4 Mexico: North America Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.3.4.4.1 Mexico: North America Maritime Analytics Market Share - by Component
    - 11.3.4.4.2 Mexico: North America Maritime Analytics Market Share - by Deployment
    - 11.3.4.4.3 Mexico: North America Maritime Analytics Market Share - by Application
    - 11.3.4.4.4 Mexico: North America Maritime Analytics Market Share - by End User

12 Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13 Industry Landscape

13.1 Overview
13.2 New Product Development
13.3 Merger and Acquisition
13.4 Other Strategic Developments

14 COMPANY PROFILES

14.1 ABB Ltd
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Hexagon AB
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 ShipNet
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Windward Ltd
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Maritech Holdings Limited
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Kpler
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 OrbitMI, Inc.
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 ZeroNorth A/S
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Viasat Inc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 SOLITWORK A/S
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners