The maritime industry consists of a number of sectors such as equipment manufacturing, ship building and ship repair, among others. The industry contributes heavily to globalisation: 90% of all consumer goods have at some point been transported by ship.
The shipping industry also accounts for around 3% of global greenhouse gas emissions. In recent years, the industry has taken greater interest in environmental issues, which has led to a number of developments in the maritime market.
The global shipbuilding market is expected to exceed 149 billion euros by 2025, a year-on-year growth rate of 5.6%. As a point of reference, this is more than half of Finland’s GDP (€229B) in 2019.
Because of its importance, the entire maritime market has experienced a lot of interest and advances in recent years.
Most investment in the maritime market is made in industrial engineering. Although the investment volume was still relatively small at the time of the study (see graphs below), there has been a significant growth in interest in advanced technologies since. This includes things like AI, IoT and robotics.