terminal automationIndustry forecast, terminal automation market scope, terminal automation market trends, terminal automation market share, terminal automation market size, terminal automation market growth
What are the recent trends in market size and growth for the terminal automation market?
The terminal automation market size has grown strongly in recent years. It will grow from $7.5 billion in 2024 to $8.05 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increase in the demand for operational efficiency, increase in adoption of automated equipment, rise in regulatory pressures for environmental sustainability, increase in the need for seamless logistics, and the rise of autonomous vehicles reshaping terminal operations.
The terminal automation market size is expected to see strong growth in the next few years. It will grow to $10.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing operational efficiency and safety improvements, rising demand for environmentally sustainable solutions, increasing regulatory mandates promoting automation in logistics and transportation, expanding global trade necessitating advanced handling capacities, and growing investments in smart infrastructure development. Major trends in the forecast period include rising adoption of IoT and cloud-based solutions for real-time monitoring, integration of artificial intelligence and machine learning for predictive maintenance and optimization, expansion of automated equipment and robotics in cargo handling, and advancements in promoting digitalization and automation in logistics and transportation sector.
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How have varous drivers impacted the growth of the terminal automation market?
The increase in oil and gas production is expected to propel the growth of the terminal automation market going forward. The rise in oil and gas production is surrounded by advance drilling technologies, increased offshore drilling, demand for energy, and efforts to boost supply. Terminal automation in the oil and gasIndustry optimizes loading, storage, and distribution operations through automated systems, enhancing safety, efficiency, and compliance with regulatory standards. For instance, in July 2023, according to the Department For Energy Security and Net Zero, a UK-based government department, gas production increased by 16% in 2022, reaching 423 TWH, after experiencing a record low in 2021. Therefore, the increase in the production of oil and gas is driving the growth of the terminal automation market.
What are the primary segments of the terminal automation market?
The terminal automation market covered in this report is segmented –
1) By Offering: Hardware, Software And Services
2) By Project Type: Brownfield Projects, Greenfield Projects
3) By End User: Oil And Gas, Chemical, Other End Users
Subsegments:
1) By Monocrystalline Sapphire: High-Purity Monocrystalline Sapphire, Low-Purity Monocrystalline Sapphire, Substrate Monocrystalline Sapphire
2) By Trigonal System Sapphire: C-Plane Trigonal Sapphire, R-Plane Trigonal Sapphire, M-Plane Trigonal Sapphire
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Which firms are leading the terminal automation market?
Major companies operating in the terminal automation market are Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Larsen & Toubro Limited, Emerson Electric Co., Rockwell Automation Inc., TechnipFMC plc, INTECH, Petroliam Nasional Berhad (PETRONAS), Zebra Technologies Corporation, General Atomics Aeronautical Systems Inc., Yokogawa Electric Corporation, Endress+Hauser Group Services AG, Royal Vopak N.V., Mofatt & Nichol Inc, Chemtrols Industries Pvt. Ltd., Fabtech Projects & Engineers Ltd., Varec Inc., Advanced Sys-tek Pvt. Ltd., Toptech Systems Inc, Implico GmbH, MHT Technology Ltd
How willIndustry trends affect the trajectory of the terminal automation market?
Major companies operating in the maritimeIndustry are focused on developing technologically advanced solutions such as AI and IoT-enabled port management solutions to meet larger customer bases, increase sales, and increase revenue. Artificial intelligence (AI) is the capability of machines to perform tasks that typically require human intelligence, whereas the Internet of Things (IoT) is a network of interconnected devices that communicate and exchange data over the internet. For instance, in May 2024, CSM Technologies, a US-based IT solutions and services company, launched Port Management Solution (PMS). The modules of PMS are integrated with IoT, AI, and ML to optimize decision-making and predictive capabilities and cover every aspect of port operations, from vessel traffic and cargo handling to marine services and logistics automation.
Which geographic trends are shaping the terminal automation market, and which region has the highest market share?
North America was the largest region in the terminal automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the terminal automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Terminal Automation Market Report 2025 Offer?
The terminal automation market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Terminal automation refers to the integration of advanced technologies and systems to enhance the efficiency and safety of terminal operations. The primary goals of terminal automation are to improve operational efficiency, reduce labor costs, enhance safety, and ensure faster and more reliable throughput of goods or passengers.
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