The Latin America, Middle East and Africa Maritime Digitization Market would witness market growth of 11.5% CAGR during the forecast period (2022-2028).
The transformation paradigm for the operations and strategies of maritime businesses includes digitization. In essence, maritime digitization generates new business models and logic to generate economic and societal value. As technology is developed, digital transformation becomes an ongoing effort to improve workflow in the maritime sector. The service of mobile & web functionality, which transforms into creative content and a user-friendly experience, enhances the maritime customer focus is demonstrated by maritime digitization transformation experiences. Beyond improving productivity, being digitally equipped also makes it possible for the entire maritime sector to supportable the effort.
Almost 90% of all trade in goods is carried on ships, making maritime transportation a vital part of the world economy. The performance and resilience of maritime supply chains might be considerably improved by digital technology, according to a new analysis formed by the World Bank along with the International Association of Ports and Harbors (IAPH). The report proposed that given the strategic importance of the maritime industry, the report's proposed digital revolution might have significant positive economic effects, particularly for underdeveloped nations.
Latin American ports have started a process of digitization and modernization to help them effectively meet the difficulties of international trade. This process is partly driven by government policy and partly by private sector investors as a partner in development. Most of ports present in the region currently belong to the 3rd generation. The 3rd Generation Ports integrate data processing, telecommunications system use, and logistics services associated with the distribution of commodities, which add value to products and services. Hence, most regional ports have accelerated digitization processes, which has boosted the growth of the regional market.
The Brazil market dominated the LAMEA Maritime Digitization Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,516.9 Million by 2028. The Argentina market is estimated to grow a CAGR of 12.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.2% during (2022 - 2028).
Based on Application, the market is segmented into Fleet Management, Vessel Management, Inventory Management, Energy Management, and Predictive Maintenance. Based on End User, the market is segmented into Ports & Terminals, Shipping Companies, and Maritime Freight Forwarders. Based on Technology, the market is segmented into IoT, AI, Blockchain, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Maritime Digitization Market is Predict to reach $266.5 Billion by 2028, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Windward Ltd., Inmarsat Global Limited (Connect Bidco Limited), Lockheed Martin Corporation, Spire Global, Inc., Iridium Communications Inc., Orbcomm, Inc. (GI Partners L.P.), MariApps Marine Solutions Pte Ltds (Schulte Group), Marine Solutionz Ship Management Pvt. Ltd., xyzt.ai BV, and Perle Systems Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Fleet Management
- Vessel Management
- Inventory Management
- Energy Management
- Predictive Maintenance
By End User
- Ports & Terminals
- Shipping Companies
- Maritime Freight Forwarders
By Technology
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Windward Ltd.
- Inmarsat Global Limited (Connect Bidco Limited)
- Lockheed Martin Corporation
- Spire Global, Inc.
- Iridium Communications Inc.
- Orbcomm, Inc. (GI Partners L.P.)
- MariApps Marine Solutions Pte Ltds (Schulte Group)
- Marine Solutionz Ship Management Pvt. Ltd.
- xyzt.ai BV
- Perle Systems Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Maritime Digitization Market, by Application
1.4.2 LAMEA Maritime Digitization Market, by End User
1.4.3 LAMEA Maritime Digitization Market, by Technology
1.4.4 LAMEA Maritime Digitization Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Maritime Digitization Market by Application
3.1 LAMEA Fleet Management Market by Country
3.2 LAMEA Vessel Management Market by Country
3.3 LAMEA Inventory Management Market by Country
3.4 LAMEA Energy Management Market by Country
3.5 LAMEA Predictive Maintenance Market by Country
Chapter 4. LAMEA Maritime Digitization Market by End User
4.1 LAMEA Ports & Terminals Market by Country
4.2 LAMEA Shipping Companies Market by Country
4.3 LAMEA Maritime Freight Forwarders Market by Country
Chapter 5. LAMEA Maritime Digitization Market by Technology
5.1 LAMEA IoT Market by Country
5.2 LAMEA AI Market by Country
5.3 LAMEA Blockchain Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Maritime Digitization Market by Country
6.1 Brazil Maritime Digitization Market
6.1.1 Brazil Maritime Digitization Market by Application
6.1.2 Brazil Maritime Digitization Market by End User
6.1.3 Brazil Maritime Digitization Market by Technology
6.2 Argentina Maritime Digitization Market
6.2.1 Argentina Maritime Digitization Market by Application
6.2.2 Argentina Maritime Digitization Market by End User
6.2.3 Argentina Maritime Digitization Market by Technology
6.3 UAE Maritime Digitization Market
6.3.1 UAE Maritime Digitization Market by Application
6.3.2 UAE Maritime Digitization Market by End User
6.3.3 UAE Maritime Digitization Market by Technology
6.4 Saudi Arabia Maritime Digitization Market
6.4.1 Saudi Arabia Maritime Digitization Market by Application
6.4.2 Saudi Arabia Maritime Digitization Market by End User
6.4.3 Saudi Arabia Maritime Digitization Market by Technology
6.5 South Africa Maritime Digitization Market
6.5.1 South Africa Maritime Digitization Market by Application
6.5.2 South Africa Maritime Digitization Market by End User
6.5.3 South Africa Maritime Digitization Market by Technology
6.6 Nigeria Maritime Digitization Market
6.6.1 Nigeria Maritime Digitization Market by Application
6.6.2 Nigeria Maritime Digitization Market by End User
6.6.3 Nigeria Maritime Digitization Market by Technology
6.7 Rest of LAMEA Maritime Digitization Market
6.7.1 Rest of LAMEA Maritime Digitization Market by Application
6.7.2 Rest of LAMEA Maritime Digitization Market by End User
6.7.3 Rest of LAMEA Maritime Digitization Market by Technology
Chapter 7. Company Profiles
7.1 Windward Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Inmarsat Global Limited (Connect Bidco Limited)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Research & Development Expenses
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.3 Lockheed Martin Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Spire Global, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.5 Iridium Communications Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.6 Orbcomm, Inc. (GI Partners L.P.)
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 MariApps Marine Solutions Pte Ltds (Schulte Group)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Marine Solutionz Ship Management Pvt. Ltd.
7.8.1 Company Overview
7.9 xyzt.ai BV
7.9.1 Company Overview
7.10. Perle Systems Inc.
7.10.1 Company Overview
TABLE 1 LAMEA Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Fleet Management Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Fleet Management Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Vessel Management Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Vessel Management Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Inventory Management Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Inventory Management Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Energy Management Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Energy Management Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Predictive Maintenance Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Predictive Maintenance Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 16 LAMEA Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 17 LAMEA Ports & Terminals Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Ports & Terminals Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Shipping Companies Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Shipping Companies Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Maritime Freight Forwarders Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Maritime Freight Forwarders Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 24 LAMEA Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 25 LAMEA IoT Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA IoT Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA AI Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA AI Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Maritime Digitization Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Maritime Digitization Market by Country, 2022 - 2028, USD Million
TABLE 35 Brazil Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 36 Brazil Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 37 Brazil Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 38 Brazil Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 39 Brazil Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 40 Brazil Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 41 Brazil Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 42 Brazil Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 43 Argentina Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 44 Argentina Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 45 Argentina Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 46 Argentina Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 47 Argentina Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 48 Argentina Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 49 Argentina Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 50 Argentina Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 51 UAE Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 52 UAE Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 53 UAE Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 54 UAE Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 55 UAE Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 56 UAE Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 57 UAE Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 58 UAE Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 67 South Africa Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 68 South Africa Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 69 South Africa Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 70 South Africa Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 71 South Africa Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 72 South Africa Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 73 South Africa Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 74 South Africa Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 75 Nigeria Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 76 Nigeria Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 77 Nigeria Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 78 Nigeria Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 79 Nigeria Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 80 Nigeria Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 81 Nigeria Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 82 Nigeria Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Maritime Digitization Market, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Maritime Digitization Market, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Maritime Digitization Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA Maritime Digitization Market by Application, 2022 - 2028, USD Million
TABLE 87 Rest of LAMEA Maritime Digitization Market by End User, 2018 - 2021, USD Million
TABLE 88 Rest of LAMEA Maritime Digitization Market by End User, 2022 - 2028, USD Million
TABLE 89 Rest of LAMEA Maritime Digitization Market by Technology, 2018 - 2021, USD Million
TABLE 90 Rest of LAMEA Maritime Digitization Market by Technology, 2022 - 2028, USD Million
TABLE 91 Key Information – Windward Ltd.
TABLE 92 Key Information – Inmarsat Global Limited
TABLE 93 Key Information – Lockheed Martin Corporation
TABLE 94 Key Information – Spire Global, Inc.
TABLE 95 Key Information – Iridium Communications Inc.
TABLE 96 key information – Orbcomm, Inc.
TABLE 97 Key Information – MariApps Marine Solutions Pte Ltd
TABLE 98 Key Information – Marine Solutionz Ship Management Pvt. Ltd.
TABLE 99 Key Information – xyzt.ai BV
TABLE 100 Key Information – Perle Systems Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Orbcomm, Inc.