Smart Ports Global Market Report 2024

Description

Smart ports employ data analytics and innovative technologies such as the Internet of Things (IoT), artificial intelligence (AI), blockchain, and big data. These technologies enhance port operations, security, infrastructure, and management, contributing to improved performance.

The main types of ports in smart ports are seaports and inland ports. Seaports are protected areas along the sea where the loading and unloading of cargo from ships occurs. Smart digital technologies, such as smart sensors and the Internet of Things, assist in the effective handling of cargo. Smart ports encompass elements such as terminal automation, cargo handling, port community systems, traffic management systems, smart port infrastructure, safety, and security, utilizing technologies such as IoT, blockchain, process automation, and artificial intelligence.

The smart ports market research report is one of a series of new reports from The Business Research Company that provides smart ports market statistics, including smart ports industry global market size, regional shares, competitors with a smart ports market share, detailed smart ports market segments, market trends and opportunities, and any further data you may need to thrive in the smart ports industry. This smart ports market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart ports market size has grown exponentially in recent years. It will grow from $2.14 billion in 2023 to $2.64 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The expansion in the historical period can be ascribed to the expansion of global trade, trends in containerization, initiatives for environmental sustainability, the demand for enhanced security, and the adoption of automation for operational efficiency.

The smart ports market size is expected to see exponential growth in the next few years. It will grow to $5.8 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The expansion in the projected timeframe can be linked to integration with IoT and connectivity, a focus on predictive analytics, and the integration of renewable energy. Key trends anticipated in the forecast period encompass smart container tracking and visibility, cybersecurity measures for port infrastructure, the adoption of digital twin technology for port planning, AI-powered traffic management, and the use of collaborative platforms for stakeholder engagement.

The smart port market is expected to experience growth, driven by encouragement and participation from governments worldwide through initiatives. Governments are promoting the adoption of technologies such as big data, artificial intelligence, and IoT in the ports sector to address climate change concerns and increase efficiency. For instance, the Port of Hamburg in Germany adopted IoT and smart port technologies to enhance logistics efficiencies. Government initiatives are playing a crucial role in driving the growth of the smart ports market.

The rising demand for cargo transportation through ships is expected to drive the growth of the smart ports market. Smart ports enhance efficiency and streamline operations through technologies such as IoT, automation, and data analytics. According to the U.S. Department of Transportation's Bureau of Transportation Statistics, long-term projections show a fifty percent growth in U.S. freight activity to 28.7 billion tons, doubling in value. The rising demand for cargo transportation is a key factor driving the growth of the smart ports market.

The adoption of smart technologies is a significant trend, transforming traditional port operations. Abu Dhabi Ports introduced a digital service in April 2021 to manage slipways efficiently, reducing congestion during peak times. This adoption of smart technologies enhances the end-to-end process of port management, improving overall efficiency.

Major companies are concentrating on innovative products such as the Smart Port as a Service platform. In March 2022, Awake.AI, a Finland-based maritime logistics company, launched a Smart Port as a Service platform for real-time situational awareness, planning, shared communication, and smarter decision-making in port operations. This cloud-based application enhances operational efficiencies through the use of edge, AI, and 5G technologies.

In January 2022, ABB, a Swedish multinational corporation based in Switzerland, operating in smart ports, acquired InCharge Energy. This acquisition is set to broaden ABB's e-mobility division in the North American customer base market by providing fleet electrification and digital services. InCharge Energy, a U.S.-based company, focuses on electrifying transportation fleets.

Major companies operating in the smart ports market report are Microsoft Corporation, Mitsui & Co. Ltd., Robert Bosch GmbH, Hitachi Ltd., GE Digital, Accenture PLC, IBM Corporation, Cisco Systems Inc., Denso Corporation, Huawei Technologies Co. Ltd., SAP SE, ABB Ltd., Ericsson AB, Atos SE, Wipro Limited, IIC Technologies Corporation, Dassault Systemes S.A., Konecranes PLC, TUV SUD AG, Trelleborg AB, Abu Dhabi Ports Company, Kalypso, Ramboll Group A/S, China Merchants Port Holdings Company, LG CNS Co. Ltd., C-PORT, Awake.AI Inc., DHL Supply Chain, DNV GL AS, Ikusi Redes de Telecomunicaciones S.L., NEC Corporation, NTT DATA Corporation, Oracle Corporation, PORT OF ROTTERDAM AUTHORITY, Royal HaskoningDHV NV, Siemens AG, Yokogawa Electric Corporation

Asia-Pacific was the largest region in the smart ports market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the smart ports market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smart ports market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart ports market includes revenues earned by entities by increasing a port's efficiency, improving performance and economic competitiveness. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Smart Ports Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart ports market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for smart ports ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart ports market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Port Type: Seaport; Inland Port
2) By Element: Terminal Automation And Cargo Handling; Port Community System (PCS); Traffic Management System (TMS); Smart Port Infrastructure; Smart Safety And Security
3) By Technology: Internet Of things (IoT); Blockchain; Process Automation; Artificial Intelligence
Companies Mentioned: Microsoft Corporation; Mitsui & Co. Ltd.; Robert Bosch GmbH; Hitachi Ltd.; GE Digital
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16024

1. Executive Summary

2. Smart Ports Market Characteristics

3. Smart Ports Market Trends And Strategies

4. Smart Ports Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Smart Ports Market Size and Growth

5.1. Global Smart Ports Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Smart Ports Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Smart Ports Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Smart Ports Market Segmentation

6.1. Global Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Seaport
Inland Port
6.2. Global Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Terminal Automation And Cargo Handling
Port Community System (PCS)
Traffic Management System (TMS)
Smart Port Infrastructure
Smart Safety And Security
6.3. Global Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Internet Of things (IoT)
Blockchain
Process Automation
Artificial Intelligence

7. Smart Ports Market Regional And Country Analysis

7.1. Global Smart Ports Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Ports Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Smart Ports Market

8.1. Asia-Pacific Smart Ports Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Smart Ports Market

9.1. China Smart Ports Market Overview
9.2. China Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Smart Ports Market

10.1. India Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Smart Ports Market

11.1. Japan Smart Ports Market Overview
11.2. Japan Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Smart Ports Market

12.1. Australia Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Smart Ports Market

13.1. Indonesia Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Smart Ports Market

14.1. South Korea Smart Ports Market Overview
14.2. South Korea Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Smart Ports Market

15.1. Western Europe Smart Ports Market Overview
15.2. Western Europe Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Smart Ports Market

16.1. UK Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Smart Ports Market

17.1. Germany Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Smart Ports Market

18.1. France Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Smart Ports Market

19.1. Italy Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Smart Ports Market

20.1. Spain Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Smart Ports Market

21.1. Eastern Europe Smart Ports Market Overview
21.2. Eastern Europe Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Smart Ports Market

22.1. Russia Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Smart Ports Market

23.1. North America Smart Ports Market Overview
23.2. North America Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Smart Ports Market

24.1. USA Smart Ports Market Overview
24.2. USA Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Smart Ports Market

25.1. Canada Smart Ports Market Overview
25.2. Canada Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Smart Ports Market

26.1. South America Smart Ports Market Overview
26.2. South America Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Smart Ports Market

27.1. Brazil Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Smart Ports Market

28.1. Middle East Smart Ports Market Overview
28.2. Middle East Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Smart Ports Market

29.1. Africa Smart Ports Market Overview
29.2. Africa Smart Ports Market, Segmentation By Port Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Smart Ports Market, Segmentation By Element, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Smart Ports Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Smart Ports Market Competitive Landscape And Company Profiles

30.1. Smart Ports Market Competitive Landscape
30.2. Smart Ports Market Company Profiles
- 30.2.1. Microsoft Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Mitsui & Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Robert Bosch GmbH
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Hitachi Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. GE Digital
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Smart Ports Market Other Major And Innovative Companies

31.1. Accenture plc
31.2. IBM Corporation
31.3. Cisco Systems Inc.
31.4. Denso Corporation
31.5. Huawei Technologies Co. Ltd.
31.6. SAP SE
31.7. ABB Ltd.
31.8. Ericsson AB
31.9. Atos SE
31.10. Wipro Limited
31.11. IIC Technologies Corporation
31.12. Dassault Systemes S.A.
31.13. Konecranes Plc
31.14. TUV SUD AG
31.15. Trelleborg AB

32. Global Smart Ports Market Competitive Benchmarking

33. Global Smart Ports Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Smart Ports Market

35. Smart Ports Market Future Outlook and Potential Analysis

35.1 Smart Ports Market In 2028 - Countries Offering Most New Opportunities
35.2 Smart Ports Market In 2028 - Segments Offering Most New Opportunities
35.3 Smart Ports Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer