Smart Port Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2027

The global Smart Port Market size was valued at USD 1.69 billion in 2019 and is expected to grow at a CAGR of 32% from 2021 to 2027. Reducing operating costs, collecting real-time information, and making data-driven decisions at port facilities are driving the overall adoption of smart technologies among port authorities. Several technologies are used to transform traditional ports into smart ports, including artificial intelligence (AI), Internet of Things (IoT), blockchain, and process automation. These technologies are deployed separately or in combination to transform your existing infrastructure into a digitized one. Smart ports offer several advantages over traditional ports, including reduced human-related outages, limited operating costs, intelligent decision making, and more predictable performance. All of these benefits offered increase productivity, giving you a vision for Port 4.0.

Smart Port Market- Segmentation

Based on technology

• Internet of things (IoT)
• Blockchain
• Process automation
• Artificial intelligence

Based on the elements

• Terminal automation & cargo handling
• Traffic management system (sea, railway, truck)
• Smart port infrastructure
• Automated mooring systems
• Gate automation
• Shore power
• Smart energy & environment solutions 

Based on throughput capacity

• Extensively busy (above 18 million teu)
• Moderately busy (5-18 million teu)
• Scarcely busy (below 5 million teu)

Key Market Players Profiled

• ROYAL HASKONINGDHV
• ABB
• Trelleborg AB
• Accenture
• PORT OF ROTTERDAM
• Ramboll Group A/S
• Abu Dhabi Ports
• IBM
• Navis
• Awake.AI

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Smart Port Market Report

• What was the Smart Port Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Smart Port Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Smart Port Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.