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Global Smart Ports Market By Port Type (Sea Port and Inland Port), By Technology (Blockchain, Artificial Intelligence, Others.), By Throughput Capacity (Scarcely Busy, Moderately Busy, Others), By Region, Forecast & Opportunities to 2026

The global smart ports market accounted for a value of USD 1.4 billion in 2019 and  is projected to register growth at a CAGR of 22.4% during forecast period.

COVID-19 has impacted the smart ports market. The energy and power industry is disrupted due to spread of corona virus across the world. All the activities in power and energy sector are halted and many projects are either postponed or stopped due to lockdown. The supply chain is disrupted due to travel restriction. This industry is highly dependent on workforce for performing different operations and due to spread of corona virus, the workforce is not available. The smart ports market is likely to recover from 2021.

Definition:

Smart port is an automated port which utilizes nascent technologies such IoT, big data, blockchain solutions and others. It uses different smart technology based methods which improves performance and economic competitiveness. Smart ports help in improving environmental sustainability. In these ports the processes are automated and connected with IoT.

Market Dynamics (Drivers/Opportunities):

The technological innovation is growing in smart ports which result in ease of technological integration which leads to increase in uptake of smart technologies across the ports. The national and international trade through marine transport is increasing as it is cheaper mode of transport. The increasing preference of marine transports and increase in number of operation through marine is lead to higher demand for adopting smart technologies for automating harbor operations. This drives growth in smart ports market during forecast period.

The demand for cutting down operational expenses is increasing in the market. The need for real-time information gathering and to make data driven decisions is increasing at ports. The need for adoption of smart technologies in ports is rapidly increasing in port facilities. The traditional ports can be transformed into smart by using different technologies such as IoT, artificial intelligence and blockchain etc. These technologies can be deployed in combination or separately. Smart ports have various benefits such as less operational expenses, intelligent decision making and less human disruption. This drives growth in smart ports market during forecast period.

Market Insights, by Technology

On the basis of technology, the smart ports market is segmented into blockchain, process automation, Internet of Things (IoT) and artificial intelligence. The process automation segment is estimated to hold largest market share during forecast period. The process automation segment includes cloud-based software to assist the automation process to help creating the operational flow. It enables the smooth functioning of ports. Majority of ports around the world have technology integrated to some extent. The number of smart ports is increasing which involves high implentation of process automation and this drives growth in process automation segment during forecast period.   

Market Insights, by Throughput Capacity

On the basis of throughput capacity, the smart ports market is segmented into scarcely busy, moderately busy and extensively busy. The extensively busy segment accounted for largest market share of 49% during forecast period and it is estimated to be the fastest growing market during forecast period. The ports which have a throughput capacity of over 18 million twenty feet equivalent (TEU) are included in extensively used segment. The number of processed operations is likely to increase the need for implementing advanced technologies and automation to gain operational efficiency. These ports generate high revenues. This drives growth in extensively busy segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to dominate the market during forecast period. The population is very large in this region which leads to high energy consumption and demand. The urbanization and industrialization is increasing rapidly in this region. This increases demand for smart technologies at ports. The trade is increasing which utilizes marine transport. Countries such as Hong Kong and Singapore have formed the trade corridor which gives huge opportunity for trade. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in smart ports industry are Port of Rotterdam, Trelleborg, Royal Haskoning, IBM, Accenture, General Electric, Abu Dhabi Ports, ABB, Wipro, Ramboll Group, Ikusi Velatia, Navis, Awake.AI, Port Solutions and Scientific Enterprises.

Segments Covered in the Report

This report forecasts The Global Smart Ports Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global smart ports market report on the basis of port type, technology and throughput capacity.

Smart Ports Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Smart Ports Market, By Port Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Sea Port
  • Inland Port
  1. Smart Ports Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Blockchain
  • Process Automation
  • Internet of Things (IoT)
  • Artificial Intelligence
  1. Smart Ports Market, By Throughput Capacity, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Scarcely Busy
  • Moderately Busy
  • Extensively Busy
  1. Smart Ports Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Port Type
    • By Technology
    • By Throughput Capacity
    • By Country
      • USA
        • By Port Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Port Type
      • By Technology
      • By Throughput Capacity
      • By Country
        • Brazil
          • By Port Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Port Type
        • By Technology
        • By Throughput Capacity
        • By Country
          • UK
            • By Port Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Port Type
          • By Technology
          • By Throughput Capacity
          • By Country
            • China
              • By Port Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Port Type
            • By Technology
            • By Throughput Capacity
            • By Country
              • Saudi Arabia
                • By Port Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Scientific Enterprises
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Port of Rotterdam
    • Trelleborg
    • Royal Haskoning
    • IBM
    • Accenture
    • General Electric
    • Abu Dhabi Ports
    • ABB
    • Wipro
    • Ramboll Group
    • Ikusi Velatia
    • Navis
    • AI
    • Port Solutions
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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