SMART PORTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2026 - 2033)

Smart port uses advanced technologies such as artificial intelligence and blockchain technologies to automate cargo handling processes, port community system (PCS), and traffic-monitoring systems. Smart ports can also improve environmental sustainability by adopting AI tools and big data analytic solutions in the waste management system of ports. Moreover, AI-based solutions can also be used in the port logistics and supply-chain security to minimize the security risks such as smuggling of unauthorized products and substances.

Market Dynamics

The large enterprises in the smart ports market are signing agreements with the government bodies to develop advanced AI-based solutions for the ship building and port construction facilities. For instance, in October 2018, ABB Ltd. signed an agreement with Shanghai municipal government to develop solutions for ship building and port constructions facilities. Moreover, companies such as China Merchants Port Holdings Company Limited are using 5G technologies to transform traditional ports into digital smart ports. For instance, China Merchants Port Holdings Company Limited undertook a Mawan Intelligent Port Project to equip the traditional processes such as cargo handling systems with its advanced AI solutions. This project is expected to be completed by the end of 2020. Such innovative solutions and collaborations between companies and government bodies is expected to propel growth of the smart ports market during the forecast period.

Market Taxonomy

This report segments the global smart port market on the basis of technology, throughput capacity of ports, solution, and region. On the basis of technology, the global smart port market is segmented into Internet of things (IoT), Blockchain, Process Automation, and Artificial Intelligence. On the basis of throughput capacity of ports, the global smart port market is segmented into extensively busy (above 19 million teu(twenty-foot equivalent unit)), moderately busy (4-19 million teu), and scarcely busy (below 4 million teu). On the basis of solution, the global smart port market is segmented into gate automation solutions, traffic-monitoring system, port community system (PCS), smart cargo-handling system, and others. On the basis of region, the global smart port market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.

Key features of the study

• This report provides an in-depth analysis of the global smart port market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by leading players
• It profiles leading players in the global smart port market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global smart port market includes ROYAL HASKONINGDHV, Awake.AI, ABB Ltd., Navis, Trelleborg AB, IBM Corporation, PORT OF ROTTERDAM, Accenture, Abu Dhabi Ports, China Merchants Port Holdings Company, and Ramboll Group A/S
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global smart port market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart port market

Market Segmentation

• By Technology Insights (Revenue, USD Mn, 2021-2033)
  • Internet of things (IoT)
  • Blockchain
  • Process automation
  • Artificial intelligence
• By Throughput Capacity of Ports Insights (Revenue, USD Mn, 2021-2033)
  • Extensively busy (above 19 million teu)
  • Moderately busy (4-19 million teu)
  • Scarcely busy (below 4 million teu)
• By Solution Insights  (Revenue, USD Mn, 2021-2033)
  • Gate Automation Solutions
  • Traffic-monitoring System
  • Port Community System (PCS)
  • Smart Cargo-handling System
  • Others
• By Port Type Insights (Revenue, USD Mn, 2021-2033)
  • Seaport
  • Inland Port
• By Region Insights (Revenue, USD Mn, 2021-2033)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa
• Key Players
  • ROYAL HASKONINGDHV
  • Awake.AI
  • ABB Ltd.
  •  Navis
  • Trelleborg AB
  • IBM Corporation
  • PORT OF ROTTERDAM
  • Accenture
  • Abu Dhabi Ports
  • China Merchants Port Holdings Company
  • Ramboll Group A/S