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The size of the global smart ports market is expected to grow 11.15 billion US dollars by 2030, according to a new study. The report gives a detailed view of the current market dynamics and provides an analysis of future market growth.

Increasing technological advances and the end result of ease of technology adoption is leading to the adoption of smart technologies in all forms of port. National and international trade via sea transportation has increased significantly in recent years. International trade relies heavily on sea transportation.

Ocean shipment is the primary method of global trade. According to UNCTAD, nearly 80% of international trade capacity in merchandise is managed by sea, with the proportion increasing in most developing countries.

This method of transportation is less expensive and more practical in international trade than road, rail and air transportation. Maritime trade increased by 4.1% in fiscal 2021, according to UNCTAD, and is expected to grow at a modest annual rate of well over 2.4% from 2022 to 2026.

The international freight fleet expanded by 3.0% in 2021, following similar trends. The boosted global trading activity has put pressure on shipyards and decks. The increased activities have forced port authorities to adopt smart solutions and technologies to automate various port operations.

The market is expected to grow due to the increasing focus on reducing operational expenses. With the increase in volume supply, port traffic, and cargo quantities, world trade is expanding at a rapid pace. This increased the workload of the shipyards and ports. According to the UN database (Comtrade), United State Reported annual trade of over 949 billion US dollars In 2018, the highest in the world.

This growing business requires operational efficiency and standardized work flow. To improve the operational efficiency of normal port activities, smart ports apply new and advanced technologies such as artificial intelligence and the Internet of Things. It reduces logistics costs while also increasing efficiency. As a result, the market is expected to grow over the expected timeline.

In addition, major market players are entering into contracts with government agencies to create advanced AI-based alternatives for shipyards and port construction infrastructure. in June 2022Harbor Rotterdam in Germany and port Bye Como in Canada He also agreed to cooperate in the investigation of the expansion and development of the port of Comeau Bay.

The ports have committed to implementing the master plan study, which will include cargo flow analyzes as well as assessments of the ports’ technological infrastructure. These technology products and collaborative partnerships between organizations and government agencies are expected to drive the market throughout the forecast period.

Highlights of the Smart Ports market report

  • The moderately occupied segment is expected to grow at a maximum CAGR over the study period. Greater investment potential, combined with fewer processes and therefore fewer complexities in adopting the technology, is expected to increase the demand for the product.

  • The port sector accounted for a large share of the revenues. The amount of automation in ports varies depending on various factors, such as average amount of operations, capabilities, and size. Seaports handle a huge amount of cargo as well as numbers of passengers. As a result, these ports have high requirements for smart technologies to ensure efficient docking operations.

  • Europe It is expected to grow at a high compound annual growth rate over the forecast period. ports in Europe Relatively small, but it manages a large volume of cargo. Moreover, European ports can no longer compete solely on port size, as ports of relatively smaller size/capacity handle as much traffic as large-scale ports.

  • Global market players include Abu Dhabi Ports, IBM, Ecosi Reds de Telecommunicaciónes, SL, Nieves LLC, Ramboll Group A/S, Royal Haskoning, Trelleborg AB, Port of. RotterdamWipro Limited and WISTA The Netherlands.

mentioned companies

Main topics covered:

1 Introduction

2. Executive summary

3. Research methodology

4. Global insights into the smart ports market
4.1 Smart Port – Industry Profile
4.2 Dynamics of the Smart Port Market
4.2.1. drivers and opportunities
4.2.1.1. Increasing international maritime trade activities
4.2.1.2. Adopting advanced technology
4.2.2. Limitations and challenges
4.2.2.1. Technological complexities and the interaction of many systems
4.3 Porter’s Five Forces Analysis
4.3.1. Bargaining power of suppliers (moderate)
4.3.2. Newcomer Threats: (Low)
4.3.3. Buyers’ bargaining power (moderate)
4.3.4. Alternative threat (moderate)
4.3.5. Competition between established companies (high)
4.4 Analysis of the pistil
4.5 Smart Port Industry Trends
4.6 Value Chain Analysis
4.7 Analysis of the impact of COVID-19

5. The global smart port market, by technology
5.1 Main Findings
5.2 Introduction
5.2.1. Global Smart Ports Market, by Technology, 2018 – 2030 (US$ Billion)
5.3 Process Automation
5.3.1. Global Smart Ports Market, by Process Automation, by Region, 2018 – 2030 (Billion USD)
5.4. Blockchain
5.4.1. Global Smart Ports Market, by Blockchain, by Region, 2018-2030 (Billion USD)
5.5 Internet of Things (IoT)
5.5.1. Global Smart Ports Market, by Internet of Things (IoT), by Region, 2018 – 2030 ($ Billion)
5.6 Artificial intelligence (AI)
5.6.1. Global Smart Ports Market, by Artificial Intelligence (AI), by Region, 2018-2030 (Billion USD)

6. Global Smart Port Market, By Element
6.1 Main Findings
6.2 Introduction
6.2.1. Global Smart Ports Market, by Element, 2018 – 2030 ($ Billion USD)
6.3 Automation of the terminal and cargo handling
6.3.1. Global Smart Ports Market, by Terminal Automation and Cargo Handling, by Region, 2018 – 2030 (Billion USD)
6.4. Port Community Systems (PCS)
6.4.1. Global Smart Ports Market, by Port Community Systems (PCS), by Region, 2018 – 2030 (US$ Billion)
6.5. Smart security and safety
6.5.1. Global Smart Ports Market, by Smart Safety & Security, by Region, 2018 – 2030 (Billion USD)
6.6. Traffic Management Systems (TMS)
6.6.1. Global Smart Ports Market, by Traffic Management Systems (TMS), by Region, 2018 – 2030 (Billion USD)
6.6.2. Automated Information System (AIS)
6.6.2.1. Global Smart Ports Market, by Automated Information System (AIS), by Region, 2018 – 2030 ($ Billion)
6.6.3. real time location system (RTLS)
6.6.3.1. Global Smart Ports Market, by Real-time Location System (RTLS), by Region, 2018 – 2030 (Billion USD)
6.6.4. others
6.6.4.1. Global Smart Ports Market, by Others, by Region, 2018 – 2030 (Billion USD)
6.7 Smart Port Infrastructure
6.7.1. Global Smart Ports Market, by Smart Ports Infrastructure, by Region, 2018-2030 (Billion USD)
6.7.2. Automated morning system
6.7.2.1. Global Smart Port Market, by Automated Morning System, by Region, 2018 – 2030 (Billion USD)
6.7.3. Gate automation
6.7.3.1. Global Smart Ports Market, by Gate Automation, by Region, 2018 – 2030 (Billion USD)
6.7.4. beach power
6.7.4.1. Global Smart Ports Market, by Shore Power, by Region, 2018 – 2030 (Billion USD)
6.7.5. Smart energy and environment solutions
6.7.5.1. Global Smart Ports Market, by Smart Energy and Environment Solutions, by Region, 2018 – 2030 (Billion USD)

7. Global Smart Ports Market, by Port Type
7.1 Main Findings
7.2 Introduction
7.2.1. Global Smart Ports Market, by Port Type, 2018 – 2030 ($ Billion USD)
7.3. Harbor
7.3.1. Global Smart Ports Market, by Port, by Region, 2018 – 2030 (Billion USD)
7.4. inner port
7.4.1. Global Smart Ports Market, by Inland Port, by Region, 2018-2030 (Billion USD)

8. The global smart port market, by production capacity
8.1 Main Findings
8.2 Introduction
8.2.1. Global Smart Ports Market, by Capacity, 2018 – 2030 (Billion USD)
8.3 is widely occupied
8.3.1. Global Smart Ports Market, by Activity and Scale, by Region, 2018 – 2030 (Billion USD)
8.4 Moderately busy
8.4.1. Global Smart Ports Market, by Moderate Activity, by Region, 2018 – 2030 (Billion USD)
8.5 is hardly busy
8.5.1. Global Smart Ports Market, By Scarcely Busy, by Region, 2018-2030 ($ Billion USD)

9. Global Smart Ports Market by Geography

10. The competitive landscape
10.1. Expansion and acquisition analysis
10.1.1. expansion
10.1.2. acquisitions
10.2. Partnerships / collaborations / agreements / exhibitions

11. Company profiles

For more information on this report visit https://www.researchandmarkets.com/r/neqmsa

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