Asia Pacific Maritime Analytics Market Size and Forecast (2021

Description

List of Tables

The Asia Pacific Maritime Analytics Market is poised for significant growth, with projections indicating it will reach approximately US$ 1,169.5 million by 2031, up from US$ 529.6 million in 2024. This growth trajectory reflects a compound annual growth rate (CAGR) of 12.1% from 2025 to 2031, driven by advancements in technology and increasing demand for analytics solutions in the maritime sector.

Executive Summary and Market Analysis

The maritime analytics market in the Asia Pacific region is experiencing robust expansion, largely due to the continuous development of innovative technologies by key industry players. A notable example is Federal Express Corporation (FedEx), which launched FedEx Surround in August 2024. This advanced platform aims to enhance logistics and supply chain management by providing improved control and visibility over shipments. Currently available in Singapore and Hong Kong SAR, FedEx Surround is set to expand to other markets, including China, Japan, Malaysia, Australia, Korea, and Taiwan, thereby enhancing operational efficiency across the region.

The fishing industry, a crucial sector for millions in ASEAN countries, significantly contributes to the global agricultural commodity trade, with fish being one of the most traded products worldwide. The effective integration of science, technology, and regulatory oversight can greatly improve the efficiency of fisheries operations. In response to challenges such as overcapacity in fishing fleets, governments in Thailand and Vietnam are implementing initiatives that promote the adoption of advanced tracking systems. For instance, Thailand has successfully monitored around 7,000 fishing vessels using vessel monitoring solutions, ensuring compliance with legal fishing practices and combating illegal fishing activities.

Strategic Insights

Market Segmentation Analysis

The Asia Pacific 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 share in 2024.
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 in 2024.
By End User: The market is segmented into Commercial and Military sectors, with the Commercial sector holding the largest share in 2024.

Market Outlook

Regulatory bodies are increasingly implementing measures to mitigate the environmental impact of maritime transport. The International Maritime Organization (IMO) has introduced initiatives such as the Energy Efficiency Existing Ship Index (EEXI) and the Carbon Intensity Indicator (CII), which enforce stricter environmental standards. Effective from January 1, 2023, these initiatives aim for a 50% reduction in greenhouse gas (GHG) emissions from ships by 2050, based on 2008 levels. The EEXI and CII establish benchmarks for measuring carbon dioxide emissions per ton of cargo transported per nautical mile.

As governments and international organizations enforce stringent emission reduction targets and sustainability regulations, shipping companies are increasingly turning to advanced analytics solutions to ensure compliance. These analytics tools enable firms to monitor and manage their environmental impact, track emission levels, optimize fuel usage, and enhance fleet sustainability. By adopting these solutions, companies can meet current and future regulations while advancing their corporate social responsibility (CSR) objectives. This growing demand for sustainability and compliance-driven solutions presents a significant market opportunity for providers of maritime analytics technologies, as shipping companies focus on improving operational efficiency and reducing their environmental footprint.

Country Insights

The Asia Pacific Maritime Analytics Market is also analyzed by country, with segments including China, Japan, India, South Korea, Australia, and the Rest of APAC. In 2024, China held the largest market share.

China's gross ocean product (GOP) experienced a year-on-year increase of 5.8%, reaching US$ 1 trillion (7.2 trillion yuan) in the first three quarters of 2023, indicating a positive recovery in the marine economy. Traditional marine industries in China have shown strong growth, maintaining the country's position as the global leader in seagoing vessel market share. The shipbuilding sector has seen a notable increase in new orders, and the economic performance of shipbuilding companies has rebounded steadily. According to Cui Xiaojian, Deputy Director of the National Marine Data and Information Service, China's marine resource supply capacity has been strengthening, with 1,219 sea area and island use projects approved in the first three quarters of 2023, marking a 4.6% increase from the previous year and total investments exceeding US$ 826 billion (600 billion yuan). This growth underscores the increasing demand for advanced maritime analytics solutions, as the marine industries leverage data analytics to optimize fleet management, resource allocation, and project oversight.

Company Profiles

Key players in the Asia Pacific 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 employing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their offerings and increase market share.

Product Code: TIPRE00027139

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. Asia Pacific 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 - Asia Pacific Market Analysis

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

7. Asia Pacific Maritime Analytics Market Revenue Analysis - by Component

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

8. Asia Pacific Maritime Analytics Market Revenue Analysis - by Deployment

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

9. Asia Pacific Maritime Analytics Market Revenue Analysis - by Application

9.1 Predictive and Prescriptive Analytics
- 9.1.1 Overview
- 9.1.2 Predictive and Prescriptive Analytics: Asia Pacific 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: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.3 Pricing Insights
- 9.3.1 Overview
- 9.3.2 Pricing Insights: Asia Pacific 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: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)

10. Asia Pacific Maritime Analytics Market Revenue Analysis - by End User

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

11. Asia Pacific Maritime Analytics Market - Country Analysis

11.1 Asia Pacific
- 11.1.1 Asia Pacific Maritime Analytics Market Revenue and Forecast and Analysis - by Country
  - 11.1.1.1 Asia Pacific Maritime Analytics Market Revenue and Forecast and Analysis - by Country
  - 11.1.2.2 China: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.1.2.2.1 China: Asia Pacific Maritime Analytics Market Share - by Component
    - 11.1.2.2.2 China: Asia Pacific Maritime Analytics Market Share - by Deployment
    - 11.1.2.2.3 China: Asia Pacific Maritime Analytics Market Share - by Application
    - 11.1.2.2.4 China: Asia Pacific Maritime Analytics Market Share - by End User
  - 11.2.3.3 Japan: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.2.3.3.1 Japan: Asia Pacific Maritime Analytics Market Share - by Component
    - 11.2.3.3.2 Japan: Asia Pacific Maritime Analytics Market Share - by Deployment
    - 11.2.3.3.3 Japan: Asia Pacific Maritime Analytics Market Share - by Application
    - 11.2.3.3.4 Japan: Asia Pacific Maritime Analytics Market Share - by End User
  - 11.3.4.4 India: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.3.4.4.1 India: Asia Pacific Maritime Analytics Market Share - by Component
    - 11.3.4.4.2 India: Asia Pacific Maritime Analytics Market Share - by Deployment
    - 11.3.4.4.3 India: Asia Pacific Maritime Analytics Market Share - by Application
    - 11.3.4.4.4 India: Asia Pacific Maritime Analytics Market Share - by End User
  - 11.4.5.5 South Korea: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.4.5.5.1 South Korea: Asia Pacific Maritime Analytics Market Share - by Component
    - 11.4.5.5.2 South Korea: Asia Pacific Maritime Analytics Market Share - by Deployment
    - 11.4.5.5.3 South Korea: Asia Pacific Maritime Analytics Market Share - by Application
    - 11.4.5.5.4 South Korea: Asia Pacific Maritime Analytics Market Share - by End User
  - 11.5.6.6 Australia: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.5.6.6.1 Australia: Asia Pacific Maritime Analytics Market Share - by Component
    - 11.5.6.6.2 Australia: Asia Pacific Maritime Analytics Market Share - by Deployment
    - 11.5.6.6.3 Australia: Asia Pacific Maritime Analytics Market Share - by Application
    - 11.5.6.6.4 Australia: Asia Pacific Maritime Analytics Market Share - by End User
  - 11.6.7.7 Rest of APAC: Asia Pacific Maritime Analytics Market - Revenue and Forecast, 2021 - 2031 (US$ Million)
    - 11.6.7.7.1 Rest of APAC: Asia Pacific Maritime Analytics Market Share - by Component
    - 11.6.7.7.2 Rest of APAC: Asia Pacific Maritime Analytics Market Share - by Deployment
    - 11.6.7.7.3 Rest of APAC: Asia Pacific Maritime Analytics Market Share - by Application
    - 11.6.7.7.4 Rest of APAC: Asia Pacific 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