The Europe maritime information market size reached US$ 435.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 742.4 Million by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 435.0 Million |
Market Forecast in 2032
|
US$ 742.4 Million |
Market Growth Rate 2024-2032 | 5.9% |
Maritime information refers to the services that provide vital information and data required for understanding the events occurring in marine transportation. It comprises advanced integrated technology, which is used for monitoring and surveillance purposes. The data collected through these services also helps in controlling and managing the traffic on sea routes. In the Europe region, maritime information has gained traction due to the growing sea trade and rapid globalization. The industry is also witnessing technological advancements, which are enabling the provision of real-time data.
The Europe maritime information market is primarily driven by the growing trade and tourism, where advanced VTS technology services are needed to ensure optimal security operations. Besides this, the rise in the demand for advanced security systems in countries like Germany, United Kingdom, France, and Indonesia is also propelling the growth of the market. Maritime information is extensively utilized in the commercial and government sectors for the identification of vessels, assistance of coastguards in search mission, limiting human trafficking, and informing about criminal and illegal activities. Furthermore, the maritime information system also analyzes and manages various hazardous events, such as quakes in the oceans.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe maritime information market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on application and end user.
Breakup by Application:
Breakup by End User:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Application, End User, Country |
Countries Covered | Germany, United Kingdom, Italy, France, Spain, Others |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Europe maritime information market was valued at US$ 435.0 Million in 2023.
We expect the Europe maritime information market to exhibit a CAGR of 5.9% during 2024-2032.
The increasing geopolitical tensions, along with the rising adoption of maritime information solutions to minimize maritime threats, such as human trafficking, terrorist attacks, environmental destruction, etc., are primarily driving the Europe maritime information market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several European nations, resulting in the decline of numerous maritime activities, thereby negatively impacting the European market for maritime information.
Based on the application, the Europe maritime information market can be segregated into maritime information analytics, maritime information provision, vessel tracking, and AIS (Automatic Identification System). Currently, AIS (Automatic Identification System) holds the largest market share.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe maritime information market.