The global smart port market is projected to rise from USD 2.23 billion in 2024 to USD 7.95 billion by 2030 at a CAGR of 25.8%, according to Research and Markets, reports Port News.
With more than 80% of global trade volume transported by sea, ports are under mounting pressure to modernize as e-commerce, nearshoring and new trade corridors increase cargo flows.
The report states that AI analytics, IoT-based asset tracking, blockchain and digital twins are becoming central to improving efficiency, reducing turnaround times and lowering carbon emissions.
Smart Ports enter a fast-growth era
Europe is expected to see strong growth through 2030, supported by digital adoption at Rotterdam, Antwerp-Bruges and Hamburg, while cybersecurity risks remain a challenge, highlighted by cyberattacks on port infrastructure in 2024.
IoT is identified as the second fastest-growing technology segment from 2025 to 2030, with devices such as ultrasonic sensors, RFID readers and imaging sensors enabling real-time operational visibility.
High-throughput ports handling more than 19 million TEUs annually—primarily in China, Singapore and South Korea—are projected to dominate by 2030.
The study also outlines market segmentation by technology, throughput capacity, port type and region, and notes leading players including ABB, Accenture, IBM, Siemens, General Electric, Trelleborg, Schneider Electric, GE Vernova, Mitsubishi Corporation and others.
The report highlights recent developments such as IBM’s 2025 software program focused on AI security and governance and Siemens’ 2025 acquisition of ebm-papst’s industrial drive technology business.
It further summarizes primary research breakdowns by company type, designation and region, emphasizing Asia Pacific’s 55% share of survey participants.
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Source: Port News
