This report provides Transforma Insights’ view on the Sea & River Transport market. This Application Group comprises Cargo Vessel Management, Fishing Vessels, and Public Transport Services – Ship.
IoT solutions have a variety of applications in the shipping industry. They can help monitor and optimise the fuel usage of ships, ensuring a more sustainable journey by reducing carbon emissions. IoT is also being used in predictive maintenance to ensure the efficient functioning of a ship by detecting any kind of maintenance and repair needs, well in advance of a potential malfunction. Predictive maintenance using IoT also plays an important role in reducing emissions.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue.
A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the market, including:
This section of the report begins with some of the benefits of maritime freight in general (like being the most environmental-friendly mode of trade) and then it talks about how IoT solutions can be implemented in maritime freight and the advantages of doing so. For instance, IoT sensors and devices can be strategically deployed in cargo vessels for preventive maintenance or to collect real-time data on various parameters, which enables ship operators to monitor and optimise vessel performance and onboard conditions. It also mentions the connectivity technology used by these vessels.
This section also lists some illustrative IoT deployments in this application, like the North Sea Port deploying an IoT platform for automated ship registration and the Port of Rotterdam deploying Cisco Edge Intelligence to improve predictive maintenance and incident response times for patrol vessels.
This section talks about how IoT solutions are helping commercial vehicles deal with the most pressing challenge they face – increasing their catch while using less fuel. For example, commercial fishing boats now use real-time sensors to track weather, wave height, and water temperature, optimizing fishing locations for increased success and reducing catch time and fuel consumption.
It also discusses how IoT-enabled fish finders are increasingly becoming popular and their features (like using sonar to detect fish beneath the water’s surface) and explains how such fishing boats can also assist in search and rescue distress signalling. It also expounds on how IoT collects additional data from ships, identify impending problems, and help equipment manufacturers as well (since they receive feedback on the performance of their products).
It also comments on the size of the fishing fleet of individual countries (like China, Indonesia, Japan, Vietnam, Mexico, the US, and South Korea) and how their adoption of IoT solutions will look in future. This section also contains some examples of relevant IoT deployments in this application, like Dobroflot deploying Orange Business Services’ smart fuel monitoring solution for its fishing fleet.
This section begins with a discussion of various cities around the world encouraging the use of ferry services and the benefits of doing so (like ferry services being the second most efficient mode of transport in terms of sustainability – according to the European Environment Agency).
It also talks about how IoT is being implemented to promote the usage of water transport and provide passengers and operators with benefits like onboard connectivity, online payments, and real-time updated route maps. It then discusses how IoT devices are enabling cruise ship operators to monitor and track every aspect of their operations, from engine performance to food and water supplies, and mentions how data and analytics now allow organisations and cruise operators to collect detailed data to better understand customers’ journeys and offer customised solutions.
It also discusses some of the challenges for IoT adoption in this application (like data privacy and security) and stresses that cruise ship companies must implement robust security measures to address this issue and ensure that customer data is always protected. This section also mentions some of the relevant IoT deployments in this application, like Carnival Cruises deploying the Ocean Medallion wearable device on its Regal Princess Ship.
The key vendors section lists some of the main providers of products and services related to the market such as Teltonika Networks, ABB, ORBCOMM, OneWeb, Inmarsat, Satlink, and Intelsat. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of devices, which will grow from 1.3 million in 2022 to 2.5 million in 2032.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the sea and river transport application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Sea & River Transport Application Group will reach USD1.3 billion in 2032.
