Smart Port Market

Smart Port Market by Technology (Process Automation, Blockchain, Internet of Things, and Artificial Intelligence), Throughput Capacity (Extensively Busy, Moderately Busy, and Scarcely Busy), Port Types (Seaport and Inland Port), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2204
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 192
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global smart port market size was estimated at USD 1.96 billion in 2020 and is anticipated to expand at a CAGR of 32.4% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing need to reduce the operational expenses, make data-driven decisions, and gather real-time information.


Smart Port Market summary

The smart port are technology including Internet of Things (IoT), Artificial Intelligence, blockchain, and automation of process used to transform a traditional port into smart pole. The technologies are either deployed in combination or separately to convert the conventional infrastructure as a digitalized technology. The smart port provides various advantages over traditional port, such as intelligent decision making, limited operational expenses, reduced human-related disruptions, and more predictable performance.

International and national trade by oceanic transport has considerable rise in the past years. The advantages such as reduced transportation expanses has lead in the increasing preference for marine transport. The increased global trade activities globally has raised the load on decks and shipyards. The growth in the amount of operations has made the harbor authorities to use smart solutions and technologies for automating various harbor operations.

The COVID-19 pandemic resulted into lockdowns and restrictions to manage the spread of the virus has impacted industries, which are extensively reliant on the workforce for leading operations. The same applies to the marine industry. The lack of the workforce has forced the harbor authorities to implement automation. The pandemic has boosted the development of smart ports market.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing technological innovation along with easiness in technology integration are growing the use of smart technologies in smart port market.
  • Favorable government initiatives for the improvement of the ports is propelling the market in the forecast period.
  • The increase in adoption of digitalization and introduction of 5G along with advanced technology are the key factor boosting the market in the near future.
  • Lack of awareness and inadequate number of skilled professional is the restraint for the market in the coming years.
  • The increasing acceptance of smart ports technology in the world demonstrates huge opportunities for the market in the coming years.

Scope of the Report

The report on the global smart port market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Port Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Process Automation, Blockchain, Internet of Things, and Artificial Intelligence), Throughput Capacity (Extensively Busy, Moderately Busy, and Scarcely Busy), Port Types (Seaport and Inland Port)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ROYAL HASKONINGDHV; ABB; Trelleborg AB; Accenture; PORT OF ROTTERDAM; Ramboll Group A/S; Abu Dhabi Ports; IBM; Navis; and Awake.AI

Market Segment Insights

Process automation segment is expected to grow at a rapid pace

Based on technology, the global smart port market is divided into process automation, blockchain, internet of things, and artificial intelligence. The process automation segment is expected to grow at a rapid pace. The segment showed revenue share of 34% in year 2019. The use of cloud-based software to help the automation process is a key driving factor for the market. The organizations are focusing use of software-assisted robots to reduce the human intervention so that tasks are completed effectively.

The technology segment contains Al, IoT, and blockchain. The port produces great amount of data and paperwork which is related to the docking activities. The application of technology simplifies operations on the dock as well as save costs for long term.

Extensively busy segment is projected to expand at a considerable CAGR

On the basis of throughput capacity, the global market is segregated into extensively busy, moderately busy, and scarcely busy. The extensively busy segment is projected to expand at a considerable CAGR. The segment generated revenue share of greater than 49% in 2019. The ports contain the capacity of more than 18 million Twenty-foot Equivalent Unit (TEU). This is attributed to the number of operation and capacity processed, which is forcing the organization to apply automation for achieving operational efficiency.

The moderately busy ports has a throughput capacity of five to 18 million TEU and scarcely busy ports has the capacity of less than five million TEU. The moderately busy segment is anticipated to show significant growth in the near future. The heavy funding and less number of operations are boosting the market segment in the forecast period.

Seaport segment is estimated to grow at a significant rate

On the basis of port types, the global market is bifurcated into seaport and inland port. The seaport segment is estimated to grow at a significant rate. The segment recorded the revenue share of more than 66.5% in year 2019. The amount of automation on the port varies from port to port, which differs based on factors, such as capacity, number of operations, and size. The investments for the automation is the major factor for determination of implementation and adoption of the technology. Seaports manage large number of small to large passenger traffic and cargo.

The in-land port is estimated to develop at a substantial rate. The inland ports are located at streams, rivers, and are small in size against other seaports. The increase in transport through maritime, has increased the demand for automation of the ports.


Smart Port Market port types

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the global smart port market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

Asia Pacific is anticipated to constitute a key market share. The market of the region has revenue share of greater than 37% in 2019 in the global market. As the region has the presence of major ports that has high throughput capacity. Countries such as Japan, China, South Korea, and Singapore are the key contributors for the market as they holds great trade activities.

Europe market is expected to grow at a considerable pace. The ports of the region are smaller in the size but are capable of managing large number of cargo. The European ports are declining the capability of competing on port size alone. Because ports with less capacity and size manage huge traffics as large ports in the region.


Smart Port Market region

Segments

Segments Covered in the Report
The global smart port market has been segmented on the basis of
Technology

  • Process Automation
  • Blockchain
  • Internet of Things
  • Artificial Intelligence

Throughput Capacity

  • Extensively Busy
  • Moderately Busy
  • Scarcely Busy

Port Types

  • Seaport 
  • Inland Port

Regions

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

Key Players

  • ROYAL HASKONINGDHV
  • ABB
  • Trelleborg AB
  • Accenture
  • PORT OF ROTTERDAM
  • Ramboll Group A/S
  • Abu Dhabi Ports
  • IBM
  • Navis
  • Awake.AI

 

 

Competitive Landscape

The key players in the global smart port market are ROYAL HASKONINGDHV; Ramboll Group A/S; ABB; Navis; Trelleborg AB; IBM; Accenture; PORT OF ROTTERDAM; Abu Dhabi Ports; and Awake.AI. These key players have adopted a series of market strategies including new product launching, entering into partnership, collaboration, and production expansion to enhance their market position and expand their consumer base.

Smart Port Market keyplayers
 

 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Port Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Port Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Port Market - Supply Chain
  4.5. Global Smart Port Market Forecast
     4.5.1. Smart Port Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Port Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Port Market Absolute $ Opportunity
5. Global Smart Port Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Smart Port Market Size and Volume Forecast by Types
     5.3.1. Seaport 
     5.3.2. Inland Port
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Smart Port Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Port Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Port Demand Share Forecast, 2019-2026
7. North America Smart Port Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Port Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Port Market Size and Volume Forecast by Types
     7.4.1. Seaport 
     7.4.2. Inland Port
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Port Demand Share Forecast, 2019-2026
8. Latin America Smart Port Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Port Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Port Market Size and Volume Forecast by Types
     8.4.1. Seaport 
     8.4.2. Inland Port
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Port Demand Share Forecast, 2019-2026
9. Europe Smart Port Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Port Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Port Market Size and Volume Forecast by Types
     9.4.1. Seaport 
     9.4.2. Inland Port
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Port Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Port Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Port Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Port Market Size and Volume Forecast by Types
     10.4.1. Seaport 
     10.4.2. Inland Port
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Port Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Port Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Port Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Port Market Size and Volume Forecast by Types
     11.4.1. Seaport 
     11.4.2. Inland Port
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Port Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Port Market: Market Share Analysis
  12.2. Smart Port Distributors and Customers
  12.3. Smart Port Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ROYAL HASKONINGDHV
     12.4.2. ABB
     12.4.3. Trelleborg AB
     12.4.4. Accenture
     12.4.5. PORT OF ROTTERDAM
     12.4.6. Ramboll Group A/S

Segments Covered in the Report
The global smart port market has been segmented on the basis of
Technology

  • Process Automation
  • Blockchain
  • Internet of Things
  • Artificial Intelligence

Throughput Capacity

  • Extensively Busy
  • Moderately Busy
  • Scarcely Busy

Port Types

  • Seaport 
  • Inland Port

Regions

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

Key Players

  • ROYAL HASKONINGDHV
  • ABB
  • Trelleborg AB
  • Accenture
  • PORT OF ROTTERDAM
  • Ramboll Group A/S
  • Abu Dhabi Ports
  • IBM
  • Navis
  • Awake.AI

 

 

The key players in the global smart port market are ROYAL HASKONINGDHV; Ramboll Group A/S; ABB; Navis; Trelleborg AB; IBM; Accenture; PORT OF ROTTERDAM; Abu Dhabi Ports; and Awake.AI. These key players have adopted a series of market strategies including new product launching, entering into partnership, collaboration, and production expansion to enhance their market position and expand their consumer base.

Smart Port Market keyplayers
 

 

Buy Report