Market Insights
The smart ports market is estimated to grow from USD 2.01 billion in 2022 to reach USD 7.39 billion by 2028 at an impressive CAGR of 24.24% during the forecast period.

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What is smart port?
Smart ports are automated ports that employ innovative technologies to enhance performance by increasing efficiency and security. As per the World Trade Organization, over 80% of the world’s freight is transported using ports, one of the most important logistics centers across the globe. These automated ports with the use of evolving technologies, such as the Internet of Things (IoT), Artificial Intelligence (AI), and Big Data are becoming more environmentally sustainable, economically efficient and capable of handling increased port traffic. There are several emerging technologies, systems and solutions that are entering into this otherwise considered as conservative and “resistant to change” industry. This trend is expected to continue in the future, altering this notion.
Smart Ports Market Features
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Market Size in 2028
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USD 7.39 Billion
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Market Size in 2022
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USD 2.01 Billion
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Market Growth (2022-2028)
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CAGR of 24.24%
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Base Year of Study
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2021
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Trend Period
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2016-2020
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Forecast Period
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2022-2028
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Segment Covered
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By Element Type (Terminal Automation & Cargo Handling, Port Community System, Traffic Management System, Smart Port Infrastructure, and Smart Safety & Security),
By Throughput Capacity Type (Extensively Busy, Moderately Busy, and Scarcely Busy),
By Technology Type (Process Automation, Internet of Things, Artificial Intelligence, and Blockchain),
By Port Type (Seaport and Inland Port),
By Region (North America, Europe, Asia-Pacific, and Rest of the World).
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Dominant Region
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Asia-Pacific is estimated to be the largest market during the forecast period.
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Segment Analysis
Throughput Capacity Trend
The market is segmented as extensively busy, moderately busy, and scarcely busy. The extensively busy segment held more than 46.5% share of the market in 2021, and is expected to remain dominant during the forecast period.
This segmentation is based on the handling capacity of the ports, in terms of twenty feet equivalent (TEU). Ports with a throughput capacity of more than 18 million TEU are classified as extensively busy ports, those with a throughput capacity between 5 to 18 million TEU are classified as moderately busy ports, and the rest are classified as scarcely throughput ports.
The extensively busy ports have the highest potential to invest in implementing smart technologies and solutions in the ports as they generate high revenue.
Technology Trend
The market is segmented as process automation, internet of things, artificial intelligence, and blockchain. The process automation segment held more than 32% of market share in 2021 and is expected to grow at the highest rate during the assessment period.
The demand of the segment is because process automation reduces the need of human intervention by using technology to automate business processes. The degree of automation differs from port to port, depending on its capacity, economic value, location, and the amount of cargo it handles.
Port Trend
The market is segmented as seaport and inland port. The seaport segment seems to be dominating the market during the following period. Seaports handle passenger traffic, along with a huge amount of small to large cargo. And hence, these ports have strong demand for smart technologies to ensure efficient dock operations.
Regional Analysis
Asia-Pacific held more than 35% market share in 2021 and is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. This rise can be attributed to the rapid industrialization, growing manufacturing sectors, increasing logistic and packaging industries, and fastest-growing economies in the region. In the past few years, there has been a gradual increase in the bulk of trade, globally.

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Thus, countries such as Singapore and Hong Kong formed the trade corridor, opening the regions’ trade opportunities. North America and Europe are also expected to offer substantial growth opportunities during the following period.
Segmentation
The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The smart ports market is segmented into the following categories:
By element type:
- Terminal Automation & Cargo Handling
- Port Community System
- Traffic Management System
- Smart Port Infrastructure
- Smart Safety & Security
By throughput capacity type:
- Extensively Busy
- Moderately Busy
- Scarcely Busy
By technology type:
- Process Automation
- Internet of Things
- Artificial Intelligence
- Blockchain
By port type:
By region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
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- Detailed profiling of additional market players (up to 3 players)
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Segmentation
- Current segmentation of any one of the element types and by technology type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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