Smart Ports Market - Trends Forecast Till 2028

Smart Ports 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: June, 2021

Base Year Estimate: 2020

Report ID: D-EN-SPM-184

Format:  

Number of Pages: 382

Domain: Energy

Smart Ports Market – Trends Forecast Till 2028

The global smart ports market is projected to reach a size of USD 5.1 billion by 2026, at a CAGR of 23.9%, from an estimated USD 1.7 billion in 2021.

The growing need to reduce carbon emission from the maritime industry and the adoption of industry 4.0 by seaports to enhance the capacity of seaports are some of the factors that have supported long-term expansion for the Smart Ports Market.

Smart Ports Market Analysis

Smart Ports Market is segmented into elements, throughput capacity, technology, port type, and geography.

Element segment is segmented into terminal automation & cargo handling, port community system, traffic management system, smart port infrastructure, and smart safety & security.

The throughput capacity segment is segmented into extensively busy ports (more than 18 million TEU), moderately busy ports (5-18 million TEU), and scarcely busy ports (less than 5 million TEU).

The technology segment is segmented into process automation, the internet of things, artificial intelligence, and blockchain.

The port type segment is segmented into seaport and inland port.

Geographically, Smart Ports Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America and insights are provided for each region and major countries within the regions

Key players in Smart Ports Market are IBM (US), General Electric (US), Port of Rotterdam (Netherlands), Royal Haskoning (Netherlands), and Trelleborg (Sweden), and others

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the Smart ports market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Smart ports market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects.

The primary Respondent breakdown is given below:

Smart Ports Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Smart ports market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondents to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for smart ports market 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 1.7 billion

Growth Rate

CAGR of 23.9%during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion 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 the 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 (US), General Electric (US), Port of Rotterdam (Netherlands), Royal Haskoning (Netherlands), and Trelleborg (Sweden), and others

Available Customization

In addition to the market data for Smart Ports Market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement.

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