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    Smart Ports Market Report

    Smart Ports Market Report
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    Smart Ports Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026 See more...

    Impact of COVID-19 on Smart Ports Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Smart Ports Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Smart Ports Market is likely to witness an impressive CAGR of 25.0% during the forecast period. Rising need for ports to use smart and efficient technologies in order to enhance efficiency is one of the prime factors driving the market’s growth. The prime factors contributing to the demand for smart ports are rise in adoption of IoT connected devices by major shipping companies, increasing use of drones to monitor terminal operations, government support, and increase in investment towards infrastructure of ports.

    Smart Ports Market - Snapshot

    Growth

    25.0% for the next five years

    Major Technology Type

    Process Automation

    Fastest-Growing Throughput Capacity Type

    Extensively Busy Segment

    Region with the highest demand

    Asia-Pacific

    Key Players

    Royal HaskoningDHV, IBM Corporation, ABB Group, Trelleborg AB, Port of Rotterdam Authority, Abu Dhabi Ports, Accenture plc, General Electric Company, Wipro Ltd., Ramboll Group, Ikusi Velatia, Port Solutions Ltd., and Scientific Enterprises.

    Segments' Analysis

    Smart-Ports-Market-Dominant-Segments

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    Smart Ports Market Share: By Throughput Capacity Type

    Based on the throughput capacity type, the smart ports market is segmented as extensively busy, moderately busy, and scarcely busy. The extensively busy segment held the largest share of the market in 2019, 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.

    Smart Ports Market Share: By Technology Type

    Based on the technology type, the market is segmented as process automation, internet of things, artificial intelligence, and blockchain. The process automation segment is expected to grow at the highest rate during the forecast period. The growth 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.

    Smart Ports Market Share: By Region

    In terms of regions, Asia-Pacific 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 growth 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. 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 forecast period.

    Smart-Ports-Market-By-Region

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    Market Scope & Segmentation

    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.

    This report studies the market covering a period of 12 years of trend and forecast. 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.

    Smart Ports Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The smart ports market is segmented into the following categories. 

    Smart Ports Market Size, Share, & Forecast, by Element Type:

    • Terminal Automation & Cargo Handling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Port Community System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Traffic Management System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Smart Port Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Smart Safety & Security (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Smart Ports Market Size, Share, & Forecast, by Throughput Capacity Type:

    • Extensively Busy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Moderately Busy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Scarcely Busy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Smart Ports Market Size, Share, & Forecast, by Technology Type:

    • Process Automation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Internet of Things (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Artificial Intelligence (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Blockchain (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Smart Ports Market Size, Share, & Forecast, by Port Type:

    • Seaport (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Inland Port (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Smart Ports Market Size, Share, & Forecast, 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)

    Smart-Ports-Market-Segmentation

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    Key Players

    Some of the major players in the smart ports market are-

    • Royal HaskoningDHV
    • IBM Corporation
    • ABB Group
    • Trelleborg AB
    • Port of Rotterdam Authority
    • Abu Dhabi Ports
    • Accenture plc
    • General Electric Company
    • Wipro Ltd.
    • Ramboll Group
    • Ikusi Velatia
    • Port Solutions Ltd.
    • Scientific Enterprises.

    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.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market 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

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The smart ports market size is expected to witness an impressive growth of 25.0% CAGR in the foreseeable future.

    Royal HaskoningDHV, IBM Corporation, ABB Group, Trelleborg AB, Port of Rotterdam Authority, Abu Dhabi Ports, Accenture plc, General Electric Company, Wipro Ltd., Ramboll Group, Ikusi Velatia, Port Solutions Ltd., and Scientific Enterprises are among the key players in the smart ports market.

    The prime factors contributing to the demand for smart ports are rise in adoption of IoT connected devices by major shipping companies, increasing use of drones to monitor terminal operations, government support, and increase in investment towards infrastructure of ports.

    Asia-pacific is expected to be the largest smart ports market during the forecast period.

    Rapid industrialization, growing manufacturing sectors, increasing logistic and packaging industries, and fastest-growing economies in the region are the factors driving the growth of smart ports market in the Asia-pacific region.

    The process automation segment is expected to grow at the highest rate in the smart ports market in the coming five years.

    The extensively busy segment is expected to remain dominant in the smart ports market in the coming years.

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