Maritime Analytics Market Report 2025 (Global Edition)

Global Maritime Analytics Market Report 2025 Market Size Split by Application (Predictive and Prescriptive Maintenance, Voyage Operations, Fleet Management, Other), by End-User (Government, Commercial...

Maritime Analytics Market Report Description

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Maritime Analytics Market Insights Video

Competitive Landscape of the Maritime Analytics Market

The maritime analytics market is extremely fragmented, with many competitors operating in different geographical areas and concentrating on unique tactics to increase their market share. Well-known businesses are using joint ventures, partnerships, mergers and acquisitions, and product innovations to increase the scope of their product lines and extend their reach internationally. These partnerships frequently seek to incorporate big data, IoT, AI, and other cutting-edge technologies into marine analytics solutions. In addition to making significant investments in R&D to create innovative products, many businesses are also building new factories and streamlining their supply chains to boost their bottom lines. Through these strategic initiatives, businesses can ensure competitive positioning in a growing market by increasing efficiency, meeting regulatory requirements, and responding to changing customer demands.

In May 2022, Wärtsilä, a technological group, maintained its long-standing advantage in the field of electric hybrid vessel systems. Wartsila has ordered seventy vessels, and the number is continually growing. The business has installed batteries with a total capacity of more than 100 MWh and presently commands a market share of more than 20%. Compared to diesel-mechanical or totally electric vessels, hybrid vessels have more advanced propulsion systems since they frequently combine engines and batteries. (Source: https://www.wartsila.com/media/news/20-05-2022-wartsila-extends-leadership-in-hybrid-vessel-segment-3104424) In April 2022, Spire Global launched new weather insights solutions for the maritime industry. These solutions allow customers to concentrate on increasing productivity and safety by receiving an analysis of how impending weather conditions will affect their operations. (Source: https://ir.spire.com/news-events/press-releases/detail/106/spire-global-introduces-new-weather-insights-solutions-for) In January 2022, NAVTOR acquired Ingenium Marine, a software business, and was able to include Ingenium's digital logbooks in its e-navigation and performance suite. The transaction came after the US-based Tres Solutions 2021, a performance optimization and vessel analytics expert, was bought. (Source: https://www.navtor.com/post/navtor-to-acquire-ingenium-marine-to-lead-digital-transformation-of-log-keeping)

Top Companies Market Share in Maritime Analytics Industry: (In no particular order of Rank)

• Windward Ltd.
• OrbitMI Inc.
• Veson Nautical
• Signal Group
• eeSea Aps
• RightShip
• Maritech
• Shipnet
• Kpler
• KAYRROS
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Maritime Analytics Market

Which Region Dominates the Maritime Analytics Market in 2024?

According to Cognitive Market Research, North America currently dominates the Maritime Analytics market, and the region is expected to have significant growth during the projected period. Due to developments in automation, digitalization, and real-time data applications. Predictive maintenance, fuel efficiency, and shipping route optimization using AI and IoT are some of the major trends. Growing environmental laws, like the emissions standards set by the IMO, are forcing businesses to use analytics for sustainability and compliance. There are numerous opportunities to improve supply chain transparency, fleet management, and port operations. Because of the region's robust technological infrastructure and increasing investments in smart shipping solutions, North America is positioned to lead the way in the development of maritime analytics, which promotes greater productivity and competitiveness in international trade.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Due to rising maritime trade and port infrastructure investments, the Asia Pacific Maritime Analytics Market is expanding significantly. The adoption of IoT and big data analytics to improve operational efficiency and decision-making in real-time are important trends. Predictive maintenance and enhanced vessel performance are made possible by the emergence of digital twin technologies and smart shipping initiatives, which are also changing the landscape. There are opportunities to improve supply chain visibility and use advanced analytics to optimize logistics. Further enhancing market potential and establishing Asia Pacific as a major player in maritime analytics innovation are government initiatives that support sustainable practices and digital transformation in the maritime industry.

The current report Scope analyzes Maritime Analytics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Maritime Analytics Market Analysis

According to Cognitive Market Research, the global Maritime Analytics market size was estimated at USD 1624.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 649.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Maritime Analytics market with a market size of USD 512.60 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Major shipping ports are located in the United States, which boasts a strong maritime infrastructure. The adoption of maritime analytics to optimize operations and improve safety is driven by the growing need for effective shipping logistics and the developments in data analytics technology.
• The Canada Maritime Analytics market had a market share of USD 77.96 million in 2024 and is projected to grow at a CAGR of 12.2% during the forecast period. International trade is facilitated by Canada's large coastline and important shipping lanes. One of the main forces behind maritime analytics, which supports regulatory compliance and environmental monitoring, is the emphasis on sustainable practices and the uptake of smart shipping technologies.
• The Mexico Maritime Analytics market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 59.12 million in 2024.

Europe Maritime Analytics Market Analysis

According to Cognitive Market Research, the global Maritime Analytics market size was estimated at USD 1624.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 487.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• The United Kingdom Maritime Analytics market had a market share of USD 81.86 million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. The historical significance and technological advancements of the UK maritime sector are advantageous. The need for analytics solutions to improve decision-making and operational efficiency is driven by the maritime industry's emphasis on cybersecurity and data protection.
• The France Maritime Analytics market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 44.83 million in 2024.
• According to Cognitive Market Research, the German Maritime Analytics market size was valued at USD 96.48 million in 2024 and is projected to grow at a CAGR of 11.9% during the forecast period. Shipbuilding and marine engineering are fields in which Germany excels. The nation's growth in maritime analytics has been driven by the push for digital transformation in logistics and shipping, as well as a focus on cutting costs and increasing supply chain effectiveness.
• The Italy Maritime Analytics market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 41.90 million in 2024.
• The Russia Maritime Analytics market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 75.53 million in 2024.
• The Spain Maritime Analytics market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD 39.96 million in 2024
• The Luxembourg Maritime Analytics market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 15.11 million in 2024.
• The Portugal Maritime Analytics market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 10.23 million in 2024.
• The Greece Maritime Analytics market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 5.85 million in 2024.
• The Rest of Europe's Maritime Analytics market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 75.53 million in 2024.

Asia Pacific Maritime Analytics Market Analysis

According to Cognitive Market Research, the global Maritime Analytics market size was estimated at USD 1624.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 373.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Maritime Analytics market size was valued at USD 168.10 million in 2024 and is projected to grow at a CAGR of 14.7% during the forecast period. China is a major hub for international shipping, and the country's rapid industrialization and port infrastructure investments are driving up demand for maritime analytics. The primary factors driving this market are the emphasis on streamlining fleet management procedures and streamlining shipping routes.
• The Japan Maritime Analytics market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 51.55 million in 2024.
• The India Maritime Analytics market had a market share of USD 44.83 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. The need for maritime analytics is driven by India's expanding economy and rising volume of trade via maritime routes.
• The South Korean Maritime Analytics market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD 37.36 million in 2024.
• The Australian Maritime Analytics market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 19.43 million in 2024.
• The South East Asia Maritime Analytics market is projected to witness growth at a CAGR of 16.2% during the forecast period, with a market size of USD 25.78 million in 2024.
• The Rest of Asia Pacific Maritime Analytics market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 26.52 million in 2024.

South America Maritime Analytics Market Analysis

According to Cognitive Market Research, the global Maritime Analytics market size was estimated at USD 1624.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 81.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Maritime Analytics market size was valued at USD 34.76 million in 2024 and is projected to grow at a CAGR of 13.2% during the forecast period. Brazil offers opportunities for maritime analytics due to its extensive coastline and substantial agricultural exports. This market is driven by the need for improved supply chain visibility and operational efficiency, especially in the logistics industry.
• Argentina's Maritime Analytics market had a market share of USD 13.64 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Argentina's maritime sector depends on effective logistics since agricultural product exports drive it. Market expansion in the nation is fueled by the emphasis on enhancing supply chain management and port operations through analytics solutions.
• Colombia Maritime Analytics market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 7.23 million in 2024.
• Peru's Maritime Analytics market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD 6.66 million in 2024.
• Chile's Maritime Analytics market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 5.85 million in 2024.
• The Rest of Latin America's Maritime Analytics market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 13.07 million in 2024.

Middle East Maritime Analytics Market Analysis

According to Cognitive Market Research, the global Maritime Analytics market size was estimated at USD 1624.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 32.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.

• The GCC Countries Maritime Analytics market is projected to witness growth at a CAGR of 13.7% during the forecast period, with a market size of USD 13.90 million in 2024. The Gulf Cooperation Council (GCC) nations are situated in a strategically important geographic area for international trade. Key factors driving maritime analytics in this region are the growing investment in smart port initiatives and the adoption of IoT and AI technologies for maritime operations.
• The Egypt Maritime Analytics market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 3.41 million in 2024.
• The South Africa Maritime Analytics market is projected to witness growth at a CAGR of 13.9% during the forecast period, with a market size of USD 5.13 million in 2024. The maritime sector in South Africa is diverse and heavily dependent on mining and agriculture, which drives up demand for maritime analytics. The adoption of data-driven solutions in the maritime industry is driven by the focus on enhancing regulatory compliance and shipping efficiency.?
• The Turkey Maritime Analytics market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 2.79 million in 2024.
• The Nigeria Maritime Analytics market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 3.41 million in 2024.
• The Rest of the MEA Maritime Analytics market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 3.83 million in 2024.

Maritime Analytics Market Analysis

How are Segments Performing in the Global Maritime Analytics Market?

Maritime Analytics Market Application Segment Analysis

According to Cognitive Market Research, Predictive and Prescriptive Maintenance is likely to dominate the Maritime Analytics Market over the forecast period. In the Maritime Analytics Market, the need for prescriptive and predictive maintenance is expanding quickly as businesses look to cut downtime and improve operational efficiency. Predictive maintenance forecasts probable equipment failures using data analytics and machine learning, enabling prompt repairs before problems develop. By suggesting particular actions to maximize maintenance schedules and resource allocation, prescriptive maintenance goes one step further. This method increases the lifespan of assets while reducing the expense of unplanned repairs. These maintenance techniques are becoming more and more crucial for enhancing performance and dependability in maritime operations as the maritime sector places a greater emphasis on sustainability and operational excellence.

The Voyage Operations is the fastest-growing segment in the Maritime Analytics Market. Improving shipping's efficiency, safety, and cost-effectiveness is what's driving demand for voyage operations in the Maritime Analytics Market. Throughout their voyages, vessels can make well-informed decisions thanks to analytics solutions that optimize weather forecasting, fuel consumption, and route planning. Using data analytics, shipping companies are improving voyage performance and environmental regulation compliance in response to mounting pressure to lower emissions and operating costs. As stakeholders look to leverage real-time data for improved operational insights and strategic planning in voyage management, the maritime industry's growing emphasis on digital transformation and automation feeds this demand even more.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Maritime Analytics Industry. Request a Free Sample PDF!

Maritime Analytics Market End-User Segment Analysis

According to Cognitive Market Research, the commercial segment holds the largest share of the market. The need for increased operational efficiency, cost containment, and safety improvements throughout the shipping industry is driving the demand for commercial applications in the Maritime Analytics Market. To improve route planning, track vessel performance, and efficiently manage fuel consumption, businesses look for data-driven insights. Furthermore, businesses are utilizing analytics more and more to ensure regulatory compliance, reduce downtime, and perform predictive maintenance. The need for sophisticated analytics solutions to improve supply chain management and logistics is further fueled by the expansion of e-commerce and international trade. Businesses understand the strategic value of maritime analytics in gaining a competitive edge as competition heats up.

In the Maritime Analytics Market, the government is witnessing tremendous expansion. This is due to environmental sustainability, regulatory compliance, and improved maritime security. In order to keep an eye on shipping activity, enhance port operations, and effectively manage maritime traffic, governments are investing more and more in analytics solutions. The need to adhere to international regulations, such as safety standards and emissions reduction targets, further drives this demand. Governments also use maritime analytics to track vessel movements to strengthen national security, facilitate trade, and improve disaster response capabilities. With their strategic emphasis on data-driven decision-making, governments are positioned to play a major role in the expansion of the maritime analytics industry.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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