1. Market Research
  2. > Advanced IT Market Trends
Smart Ports Market by Technology, Elements, Throughput Capacity, Port Type And Region - Global Forecast to 2026

Smart Ports Market by Technology, Elements, Throughput Capacity, Port Type And Region - Global Forecast to 2026

  • June 2021
  • 263 pages
  • ID: 5797097
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The smart port market is projected to reach USD 5.1 billion by 2026 from an estimated USD 1.7 billion in 2021, at a CAGR of 23.9% during the forecast period. Increasing government participation and encouragement for smart port infrastructure development and upgradation and expansion of existing ports are expected to offer lucrative opportunities for the smart port market during the forecast period. However, the high initial investment required for port development and technological complexity in the integration and development of various systems present challenges in this market.

The extensively busy ports segment, by throughput capacity, is expected to be the largest market from 2021 to 2026.
Based on throughput capacity, the smart ports market has been segmented into extensively busy ports, moderately busy ports, and scarcely busy ports.The extensively busy ports is expected to be the largest market from 2021 to 2026.

Extensively busy ports handle a capacity of more than 18 million TEU per year. Some of the extensively busy ports are in China, Singapore, and South Korea, as they act as a major corridor for trade.

The internet of things, by technology, is expected to be the fastest-growing market from 2021 to 2026.
The smart ports market by technology has been segmented into process automation, IoT, artificial intelligence (AI), and blockchain.The internet of things is expected to be the fastest-growing market from 2021 to 2026.

The Ports implementing digitalization have been actively adopting IoT for their operations.The IoT platform is based on 3 major parameters, which include smart port infrastructure, intelligent traffic flows, and intelligent trade flows.

It has helped ports in traffic management, controlling pollution, and road safety.IoT has transformed the traditional way in which any seaport works.

With the deployment of IoT, the physical aspect of any process is being connected to the internet, which helps in real-time sharing of data and remote access.

Asia Pacific: The fastest-growing region in the smart port market.

Asia Pacific is expected to grow at the highest CAGR during the forecast period.This scope of the regional market includes China, Singapore, Japan, Hong Kong, South Korea, and Rest of Asia Pacific.

This region dominates the global maritime trade.The Asia Pacific maritime information market is currently witnessing healthy growth.

The ports in the region have grown in tandem with the economic development of most countries and cities, reflecting the region’s recent rapid economic growth.Asia Pacific is one of the fastest-growing economies in the world due to numerous factors such as international divisional manufacturing, global supply chains, low production cost and each country’s export-led development policies.

This has translated into the increasing volume of cargo moving from this region. As major cargo transportation happens through sea routes, owing to which the number of ports in Asia is increasing every year, and the existing ports are witnessing expansion.

The seaport segment, by port type, is expected to be the fastest-growing market from 2021 to 2026.
Based on port type, the smart ports market has been segmented into seaport and inland ports.The seaport segment is expected to be the largest market from 2021 to 2026.

Different types of applications, such as loading, unloading, and transshipment of cargo to and from the vessels; storage and warehousing of merchandise on land and stevedoring to and from vessels; and complementary services to shipping carriers, are performed on seaports.They also offer the facilities of berthing or anchoring ships their classification is based on location, depth, and ship sizes.

A seaport exhibits immense potential related to cost-effectiveness as it handles cargo in a large volume.

The smart port infrastructure, by element, is expected to be the largest market from 2021 to 2026.
The smart port infrastructure segment of the smart ports market, by element, accounts for the highest market share among all the other segments because it is the most intensive aspect of developing any port into a smart port.With the rise in global trade, it has been observed that the size of vessel and cargo volumes have increased, which has impacted the seaports in terms of managing the operations.

Ports are therefore increasing the adoption of smart solutions that will help optimize operations, promote efficiency, and reduce logistics costs without requiring major investment in new infrastructure and equipment. Hence, increasing trade via ports around the world has created a need for investments in the modernization of port infrastructure.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, 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 future market prospects. The distribution of primary interviews is as follows:
• By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
• By Designation: C-Level- 30%, D-Level- 25%, and Others- 45%

By Region: Asia Pacific- 33%, North America- 27%, Europe- 20%, Middle East & Africa – 8%, and South America-12%

Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: The smart port market is dominated by a few major players that have an extensive regional presence. The leading players in the smart port market are IBM (US), ABB (Switzerland), General Electric (US ), Accenture (Ireland), Siemens (Germany).

Study Coverage:
The report defines, describes, and forecasts the smart port market, by element, port type, throughput capacity and technology.It also offers a detailed qualitative and quantitative analysis of the market.

The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the smart port market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the smart port market.

Key Benefits of Buying the Report
1. The report identifies and addresses the key technologies and elements, which would help smart port technology/service providers review the growth in demand.
2. The report helps understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Conversational AI Market by Component, Type, Technology, Business Function, Mode of Integration, Vertical And Region - Global Forecast to 2026

  • $ 4950
  • November 2021
  • 305 pages

The global conversational AI market size to grow from USD 6.8 billion in 2021 to USD 18.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.8% during the forecast period. Various factors such ...

  • World
  • North America
  • Artificial Intelligence
  • Industry analysis
  • Gross Domestic Product
  • Infectious Disease Mortality

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on