Port Market - Trends Forecast Till 2028

Port Market, by Technology (IoT, Blockchain, Process Automation, Artificial Intelligence (AI)), Elements (Terminal Automation, PCS, Smart Port Infrastructure), Throughput Capacity, Port Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-EN-PM-1045

Format:  

Number of Pages: 382

Domain: Energy

Port Market – Trends Forecast Till 2028

The global Port market size is projected to reach USD 5.3 billion by 2026 at a CAGR of 24% from USD 1.8 billion in 2021 during the forecast period 2021-2028.

A port is a place which is near to a water body. A smart port is a NexGen. Development wherein the ports are well equipped with the latest technologies such as sensors and other devices. This allows the increased efficiency of the ports and also led to the improvement of the associated economy.

Owing to the recent increased dependency on real time data along with the need to the reduction in carbon emission from the maritime industry are some of the factors that have supported long-term expansion for Port Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Wit the prevalent lockdown conditions and strict government norms the market has been negatively affected.

Port Market Size Forecast

Asia Pacific is expected to be the largest market during the forecast period. The economic development in the region have led to the expansion of market in the region.

Port Market is segmented into Element, Throughput Capacity, Technology, Port Type and geography.

On the basis of Element

  • Terminal Automation & Cargo Handling
  • Port Community System (PCS)
  • Traffic Management System (TMS)
    • Automated Information System (AIS)
    • Real-Time Location System (RTLS)
    • Others
  • Smart Port Infrastructure
    • Automated Mooring System
    • Gate Automation
    • Shore Power
    • Smart Energy & Environment Solution
  • Smart Safety & Security

On the basis of Technology

  • IoT
  • Blockchain
  • Process Automation
  • Artificial Intelligence (AI)

On the basis of Port Type

  • Seaport
  • Inland Port

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Port Market Primary Respondent

 

Key Players

  • IBM
  • General Electric
  • Port of Rotterdam
  • Royal Haskoning
  • Trelleborg
  • Scientific Enterprises
  • Iocurrents
  • Nautix
  • Port Solutions
  • General Electric
  • Ikusi Velatia
  • Apm Terminals
  • Navis

Recent Developments

  • In April 2021, a new digital service was introduced by Abu Dhabi ports in order to streamline the management of Abu Dhabi’s slipways.
  • In March 2021, a contract from the Port of Kiel offered a contract to Siemens for the implementation a cloud-based power monitoring solution for its shore power system.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Port market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 1.8 billion

Growth Rate

CAGR of 24% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Element, Throughput Capacity, Technology, Port Type and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

IBM , General Electric , Port of Rotterdam , Royal Haskoning , and Trelleborg

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