Smart ports market to reach $15.5b by 2032
This will be driven by IoT, automation, and trade expansion.
The smart ports market is expected to hit $15.5b by 2032, jumping from $2.0b in 2022.
According to Allied Market Research, this reflects a compound annual growth rate of 23.1% from 2023 to 2032.
One of the primary growth drivers of the smart ports market is the adoption of automation and AI-driven systems. Automated cranes, autonomous vehicles, smart gate systems, and digital twins are helping ports optimise cargo handling, streamline workflows, and reduce vessel turnaround time.
Real-time analytics, powered by IoT sensors deployed across port assets such as cranes, trucks, containers, and yard equipment, offers critical insights into performance, wear and tear, and maintenance schedules. Predictive maintenance reduces downtime significantly, improving asset lifespan and minimising disruptions across the logistics chain.
“By integrating AI, IoT, data analytics, and automation, smart ports create real-time visibility, reduce operational bottlenecks, and accelerate cargo movements. These technologies enable ports to manage increasing cargo volumes while lowering downtime and operational costs,” the company said.
