The Atlantic Initiative, launched by His Majesty King Mohammed VI
Amina Benkhadra, Managing Director of the National Hydrocarbons and Mining Office (ONHYM), emphasized HM King Mohammed VI's Atlantic Initiative as a pivotal step towards promoting economic and cultural ties with African countries. This initiative aims to bolster Africa's economic development, trade, foreign investment, and security. Morocco's infrastructure development, exemplified by projects like the Tangier-Med port and the future Dakhla Atlantic port, underscores its commitment to regional integration and economic growth. The Morocco-Nigeria gas pipeline project is part of this vision, offering benefits to Africa and Europe alike. Economic and social development in African countries will help mitigate irregular immigration. Additionally, regional integration initiatives like the gas pipeline project align with environmental protection goals. The Atlantic momentum positions Morocco's Atlantic seaboard as a hub for economic integration and international influence, contributing to bridging the gap between Europe and Africa. The opportunities for potential exhibitors lie in tapping into Morocco's growing role in regional connectivity, infrastructure development, and economic integration.
Opportunities for Potential Exhibitors:
- Access to key decision-makers and stakeholders involved in regional infrastructure and economic development projects.
- Showcase products and services relevant to infrastructure development, energy, and environmental protection.
- Explore potential partnerships and investment opportunities in Morocco's Atlantic seaboard development projects.
- Gain insights into emerging trends and opportunities in African markets, particularly in the areas of energy, trade, and regional integration.
- Network with peers and industry experts from over twenty countries, fostering collaborations and business relationships on a global scale.
Digital sensoring
Ship monitoring technology is evolving rapidly, with future vessels equipped with advanced sensor networks to monitor all aspects of operations, detect faults, and pinpoint maintenance needs. Coupled with robust ship-to-shore communication systems, this enables remote control of ship operations by land-based fleet managers.
Opportunities for Potential Exhibitors:
- Showcase cutting-edge ship monitoring solutions and sensor technologies.
- Highlight the benefits of remote ship operation and management systems.
- Demonstrate how your products or services contribute to improving ship performance, efficiency, and safety.
- Explore partnerships and collaborations with stakeholders in the maritime industry to further develop and implement innovative monitoring solutions.
- Position your company as a leader in the field of maritime technology and contribute to shaping the future of ship operations and performance monitoring.
Maritime Sector Market:
The Global Maritime Sector market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Maritime Sector. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.
Maritime Sector Market size is projected to reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during 2022-2029.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Maritime Sector in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The report focuses on the Maritime Sector market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Maritime Sector market.
Cybersecurity Measures
As the maritime industry becomes more digitally connected, the importance of robust cybersecurity measures cannot be overstated. In fact, a report by maritime cyber security company CyberOwl last year revealed that the average cyberattack in the maritime industry may cost the target organisation US$550,000 and showed that ransom demands have increased by more than 350%.
Taking the Nagoya Port Ransomware Attack as an example, it completely disrupted container operations across all terminals within the port. The cyberattack that happened July 2023 brought the port operations to a halt and prevented the facility from processing import and export operations. The port’s operator, Yokohama Kawasaki International Port Corporation (YKIP), responded by shutting down their network to prevent further damage and spread of the ransomware and launched an investigation into the incident.
The rising threat of cyber-attacks poses a significant risk to vessel operations, navigation systems, and sensitive data. Hence, maritime stakeholders are expected to prioritise cybersecurity initiatives to safeguard against potential breaches and disruptions.