Middle East & Africa Maritime Information Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Platform (On-Shore and Vessel), Application (Fleet Management, Vessel Tracking, and Maritime Security), and End-User (Commercial and Government)
The Middle East & Africa maritime information market is expected to grow from US$ 62.49 million in 2022 to US$ 81.46 million by 2028. It is estimated to grow at a CAGR of 4.5% from 2022 to 2028.
Development of Integrated Solutions to Lower Maritime Terrorism and Piracy Creating Significant Opportunities for the Middle East & Africa Maritime Information Market
Effective real-time information exchange across groups with related interests is essential for the maritime sector. The information and communication technology that links all the participants and permits the efficient flow of information, intelligence, and communications is the foundation of the global naval network. Advanced vessel traffic services (VTS), which are commonly deployed by major ports, waterways, and maritime authorities, are also used for incident management and maritime rescue coordination on a large scale. Integrated traffic management systems and solutions provide high performance and dependable services to meet the constantly evolving maritime safety regulations. Incident detection is crucial in the maritime industry. Surveillance equipment such as radar, sonar, AIS, and closed-circuit television (CCTV) are required to provide operators with real-time situational awareness. Therefore, there is a high demand for integrated solutions that would enable data analysis to stop maritime terrorism and piracy, which is creating significant opportunities for the Middle East & Africa maritime information market players.
Middle East & Africa Maritime Information Market Overview
South Africa, the UAE, and the Rest of Middle East & Africa are the key contributors to the Middle East & Africa maritime information market. The Middle East & Africa is projected to grow rapidly in maritime industry, driving the entire economy's growth. Oil and gas production are one of the prominent businesses in the region. Libya, the UAE, Saudi Arabia, Iran, and Qatar are a few countries that have seen growth in the oil business, resulting in the growing deployment of naval fleets. Despite the slowdown in economic growth and substantial macroeconomic imbalances from lower oil prices in the last few years, oil and gas producing countries in the Middle East & Africa are boosting their oil and gas production by partnering with foreign firms to expand the huge offshore oil and gas fields, resulting in the growing demand for maritime information solutions. Furthermore, increased international trade and development of easy-navigation technology have fueled the growth of maritime information solutions in the Middle East market. Moreover, the demand for maritime information across offshore reserves is expected to increase significantly due to rising oil & gas extraction and increasing production investment across high-sea locations. Due to the rapid growth of the world's population, energy requirements will increase technological demand over the forecast period and eventually drive market growth. The Organization of Petroleum Exporting Countries (OPEC) coordinates oil extraction quotas and prices among its members and is home to most Middle Eastern oil producers. Approximately 41.9% of today's crude oil is produced by OPEC countries. The group's founding member, Saudi Arabia, generates approximately 12.2 million barrels of oil daily. Saudi Arabia also boasts the Middle East's biggest crude oil distillation capacity, with over 3 million barrels per day, owing to the presence of Saudi Aramco, a state-owned enterprise. Saudi Aramco was one of the world's most valuable businesses as of September 2019. Hence, the region's need for navigational information is strong due to its well-developed oil and gas offshore infrastructure and large oil suppliers.
Middle East & Africa Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Maritime Information Market Segmentation
The Middle East & Africa maritime information market is segmented into platform, application, end-user, and country.
Based on platform, the Middle East & Africa maritime information market is bifurcated into on-shore and vessel. In 2022, the vessel segment registered the larger share in the Middle East & Africa maritime information market.
Based on application, the Middle East & Africa maritime information market is segmented into fleet management, vessel tracking, and maritime security. In 2022, the fleet management segment registered the larger share in the Middle East & Africa maritime information market.
Based on end user, the Middle East & Africa maritime information market is bifurcated into commercial and government. In 2022, the commercial segment registered the larger share in the Middle East & Africa maritime information market.
Based on country, the Middle East & Africa maritime information market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. In 2022, the Rest of Middle East & Africa segment registered the larger share in the Middle East & Africa maritime information market.
BAE Systems Plc; Fujitsu Limited; Iridium Communications Inc.; L3Harris Technologies Inc.; Lockheed Martin Corp; Northrop Grumman Corp; ONEOCEAN; ORBCOMM Inc.; Polestar; Saab AB; Siemens AG; Spire Global; Thales Group; and Windward Ltd are the leading companies operating in the Middle East & Africa maritime information market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa maritime information market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa maritime information market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the maritime information market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA Maritime Information Market Landscape
- 4.1 Market Overview
- 4.2 MEA PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. MEA Maritime Information Market – Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Need for Efficient Management of Complex Supply Chain Operations
- 5.1.2 Surge in Sea Trade and Increasing Maritime Budgets
- 5.1.3 Growing Adoption of Automatic Identification Systems
- 5.2 Market Restraints
- 5.2.1 Interoperability Issues and Cyber Threats
- 5.3 Market Opportunities
- 5.3.1 Development of Integrated Solutions to Lower Maritime Terrorism and Piracy
- 5.3.2 Rising Digitalization in Shipping Industry
- 5.4 Future Trends
- 5.4.1 Emergence of Big Data Analytics and IoT
- 5.4.2 Adoption of Cloud-Based Marine Information Solutions
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Maritime Information Market – MEA Market Analysis
- 6.1 MEA Maritime Information Market Forecast and Analysis
- 7. MEA Maritime Information Market Analysis – By Platform
- 7.1 Overview
- 7.2 MEA Maritime Information Market, By Platform (2021 and 2028)
- 7.3 On-Shore
- 7.3.1 Overview
- 7.3.2 On-Shore: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 7.4 Vessel
- 7.4.1 Overview
- 7.4.2 Vessel: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Maritime Information Market Revenue and Forecast to 2028 – By Application
- 8.1 Overview
- 8.2 MEA Maritime Information Market, By Application (2021 And 2028)
- 8.3 Fleet Management
- 8.3.1 Overview
- 8.3.2 Fleet Management: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 8.4 Vessel Tracking
- 8.4.1 Overview
- 8.4.2 Vessel Tracking: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 8.5 Maritime Security
- 8.5.1 Overview
- 8.5.2 Maritime Security: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Maritime Information Market Revenue and Forecast to 2028 – End-User
- 9.1 Overview
- 9.2 MEA Maritime Information Market, By End-User (2021 And 2028)
- 9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 9.4 Government
- 9.4.1 Overview
- 9.4.2 Government: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- 10. MEA Maritime Information Market – Country Analysis
- 10.1 Overview
- 10.1.1 MEA: Maritime Information Market, By Key Country
- 10.1.1.1 South Africa: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.1.1 South Africa: Maritime Information Market, By Platform
- 10.1.1.1.2 South Africa: Maritime Information Market, By Application
- 10.1.1.1.3 South Africa: Maritime Information Market, By End-User
- 10.1.1.2 UAE: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.2.1 UAE: Maritime Information Market, By Platform
- 10.1.1.2.2 UAE: Maritime Information Market, By Application
- 10.1.1.2.3 UAE: Maritime Information Market, By End-User
- 10.1.1.3 Saudi Arabia: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.3.1 Saudi Arabia: Maritime Information Market, By Platform
- 10.1.1.3.2 Saudi Arabia: Maritime Information Market, By Application
- 10.1.1.3.3 Saudi Arabia: Maritime Information Market, By End-User
- 10.1.1.4 Rest of MEA: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- 10.1.1.4.1 Rest of MEA: Maritime Information Market, By Platform
- 10.1.1.4.2 Rest of MEA: Maritime Information Market, By Application
- 10.1.1.4.3 Rest of MEA: Maritime Information Market, By End-User
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
- 12. Company Profiles
- 12.1 BAE Systems Plc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Spire Global
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Iridium Communications Inc.
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 L3Harris Technologies Inc
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Lockheed Martin Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 ORBCOMM Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Saab AB
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Thales Group
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Windward Ltd
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Northrop Grumman Corp
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 12.11 Polestar
- 12.11.1 Key Facts
- 12.11.2 Business Description
- 12.11.3 Products and Services
- 12.11.4 Financial Overview
- 12.11.5 SWOT Analysis
- 12.11.6 Key Developments
- 12.12 ONEOCEAN
- 12.12.1 Key Facts
- 12.12.2 Business Description
- 12.12.3 Products and Services
- 12.12.4 Financial Overview
- 12.12.5 SWOT Analysis
- 12.12.6 Key Developments
- 12.13 Fujitsu Limited
- 12.13.1 Key Facts
- 12.13.2 Business Description
- 12.13.3 Products and Services
- 12.13.4 Financial Overview
- 12.13.5 SWOT Analysis
- 12.13.6 Key Developments
- 12.14 Siemens AG
- 12.14.1 Key Facts
- 12.14.2 Business Description
- 12.14.3 Products and Services
- 12.14.4 Financial Overview
- 12.14.5 SWOT Analysis
- 12.14.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- LIST OF TABLES
- Table 1. MEA Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- Table 2. South Africa: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
- Table 3. South Africa: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
- Table 4. South Africa: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 5. UAE: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
- Table 6. UAE: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
- Table 7. UAE: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 8. Saudi Arabia: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
- Table 9. Saudi Arabia: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
- Table 10. Saudi Arabia: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of MEA: Maritime Information Market, By Platform –Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of MEA: Maritime Information Market, By Application –Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of MEA: Maritime Information Market, By End-User –Revenue and Forecast to 2028 (US$ Million)
- Table 14. List of Abbreviation
- LIST OF FIGURES
- Figure 1. MEA Maritime Information Market Segmentation
- Figure 2. MEA Maritime Information Market Segmentation – By Country
- Figure 3. MEA Maritime Information Market Overview
- Figure 4. Vessel Segment held the Largest Share of MEA Maritime Information Market
- Figure 5. Fleet Management Segment held the Largest Share of MEA Maritime Information Market
- Figure 6. Commercial Segment held the Largest Share of MEA Maritime Information Market
- Figure 7. Rest of MEA to Show Great Traction During Forecast Period
- Figure 8. Middle East & Africa – PEST Analysis
- Figure 9. Ecosystem Analysis: MEA Maritime Information Market
- Figure 10. Expert Opinion
- Figure 11. MEA Maritime Information Market: Impact Analysis of Drivers and Restraints
- Figure 12. MEA Maritime Information Market Forecast and Analysis (US$ Million)
- Figure 13. MEA Maritime Information Market, By Platform (2021 and 2028)
- Figure 14. On-Shore: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 15. Vessel: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 16. MEA Maritime Information Market, By Application (2021 and 2028)
- Figure 17. Fleet Management: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Vessel Tracking: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Maritime Security: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 20. MEA Maritime Information Market, By End-User (2021 and 2028)
- Figure 21. Commercial: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Government: MEA Maritime Information Market Revenue and Forecast to 2028 (US$ Million)
- Figure 23. MEA: Maritime Information Market, By Key Country- Revenue (2021)
- Figure 24. MEA: Maritime Information Market Revenue Share, By Key Country (2021 and 2028)
- Figure 25. South Africa: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. UAE: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Saudi Arabia: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 28. Rest of MEA: Maritime Information Market – Revenue and Forecast to 2028 (US$ Million)
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