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Rise in Maritime Traffic Driving the Global Maritime Information Market Through 2020, Says Technavio
[July 12, 2016]

Rise in Maritime Traffic Driving the Global Maritime Information Market Through 2020, Says Technavio


According to the latest market study released by Technavio, the global maritime information market is expected to grow at a CAGR of more than 9% during the forecast period.

This research report titled 'Global Maritime Information Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

Request sample report: http://goo.gl/6rbaoL

The report categorizes the global maritime information market into four major application segments. They are:

  • Automatic Identification System
  • Vessel tracking (except AIS)
  • Maritime information provision
  • Maritime information analytics

Automatic Identification System (AIS)

The global maritime information market by AIS is expected to reach USD 98 million by 2020, growing at a CAGR of over 17%. The availability of archived AIS data for various research-oriented projects is enabling the companies operating in this market to establish optimized AIS networks and monitor the environmental risks of maritime traffic, including the historical trends of shipping. The increasing launch of constellation satellites by companies such as Iridium and Inmarsat (News - Alert) is enabling effective satellite communications technology, which is one of the reasons for the increasing growth rate of the satellite automatic identification system (S-AIS) market. "With the support of efficient data processing centers, these companies could bring out insightful AIS information to increase maritime situational awareness," says Rakesh Kumar Panda, a lead analyst at Technavio for M2M and connected devices research.

Approximately 70% of the S-AIS market revenue is obtained from subscription-based services. Other growth factors include the increasing maritime trade through vessels with respect to the export of oil and other energy-related resources from Gulf nations. Overall, the market is expected to grow rapidly during the forecast period with advances in AIS equipment and related technologies.

Vessel tracking (excpt AIS)



The global maritime information market by vessel tracking (except AIS) is expected to reach USD 257 million by 2020, growing at a CAGR of close to 11%. Vessel tracking includes LRIT, VMS, radars, and earth observation imagery that work as part of a vessel tracking systems (VTS). It is used by coast or port authorities for managing maritime traffic.

The segment revenue is expected to grow considerably over the forecast period due to the service capability expansion, which will leverage the real-time abilities of the second-generation constellation. The segment is likely to include applications in VTS. For improved data services, companies are focusing on developing a broad range of alerting products and utilities to be accessed by customers via direct data feeds or SaaS (News - Alert) platforms.


Maritime information provision

The global maritime information market by maritime information provision is expected to reach USD 440 million by 2020. The maritime information provision segment includes various activities to collect and analyze data for maritime operations, logistics, port and terminal management, maritime trade, risk management, commercial shipping and port stakeholders, and fleet capacity analysis and forecasts.

This segment serves customers from offshore oil and gas companies, defense agencies, and coast guards. The service providers in this segment have their own set of procedures to gather data. There are some key methods of data collection such as the use of networked sensors and satellite-based remote sensing. The segment revenue is expected to grow significantly in 2016-2018 with the increase in demand for drones. Drones would help improve the accuracy of information. Processing with regard to drones, sensors, and buoys is done using a few patented technologies to deliver high-quality information.

Maritime information analytics

The global maritime information market by maritime information analytics is expected to reach USD 615 million by 2020, growing at a CAGR of close to 11%. The maritime information analytics segment comprises of aerospace and defense firms, data analysis software and solutions providers, and geographic information system providers. The information used to produce analytics products is collected via different technologies such as radar, AIS, in-field sensors, and satellite-based earth observation. The applications in this market include vessel monitoring and reporting on illegal activities.

The segment revenue is likely to grow significantly during the forecast period due to the increasing number of vessels. The rate of gathering maritime information will increase, which would contribute to maritime information analytics. "There will also be an expansion of service offerings from raw information provision to value-added information services (such as IaaS and DaaS delivery). These services are created with flexible standards-based delivery methods that ensure ease of implementation and quick deployment to expand and retain the customer base," says Rakesh.

The top vendors highlighted by Technavio's research analysts in this report are:

  • exactEarth
  • Inmarsat
  • Iridium Communications
  • ORBCOMM
  • Thales (News - Alert) Group

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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