Global Connected Ship Market Drivers 2024, Forecast To 2033
16 Feb, 2024
Connected ship market has shown robust growth from $6.95 billion in 2023 to $7.41 billion in 2024, with a 6.5% CAGR. Growth drivers include globalization of trade, navigation advancements, maritime safety regulations, and automated system integration. Anticipated growth to $9.64 billion by 2028, attributed to increased automation, eco-friendly shipping, alternative fuels, global network expansion, and autonomous ship development. Notable trends include smart shipping, blockchain integration, remote monitoring, autonomous vessels, and environmental monitoring.
Global Connected Ship Market Key Driver
The increase in seaborne trade is projected to drive the growth of the connected ship market. Connected ships play a vital role in the transportation and trade of various goods, contributing to the growth of the maritime industry. The data from Ship Technology indicates a substantial increase in supply chain and logistics in the maritime industry. The rise in seaborne trade is a significant driver for the growth of the connected ship market.
Get A Free Sample Of The Global Connected Ship Market ReportGlobal Connected Ship Market Segments
The connected ship market covered in this report is segmented –
1) By Type: Commercial, Defense, Other Types
2) By Fit: Linefit, Retrofit
3) By Installation Type: Onboard, Onshore
4) By Application: Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the connected ship market in 2023. The regions covered in the connected ship market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Connected Ship Industry Players
ABB Corporation; General Electric Company; Emerson Electric Co.; Schneider Electric SE; Hyundai Heavy Industries Co. Ltd.; Jason Industries Inc.; Kongsberg Gruppen ASA; Rockwell Automation Inc.; Valmet Corporation; Wartsila Oyj Abp; Marlink AS; Northrop Grumman Corporation; RH Marine Group; Siemens Aktiengesellschaft; Ulstein Group ASA; Smith & Nephew plc; Thales Group; Furuno Electric Co. Ltd.; Navico Holding AS; Inmarsat plc; Telefonaktiebolaget LM Ericsson; Intelsat Corporation; Harris Corporation; Iridium Communications Inc.; KVH Industries Inc.; Raytheon Anschütz GmbH; Sperry Marine BV; Transas Marine International AB; Cobham Satcom A/S; GNS GmbH
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Connected Ship Market Overview
The connected ship refers to ships in which technology is installed and connected and managed via satellite. The connected ships are used within the shipping and marine industry to improve safety, security, and navigational efficiency through technology integration. They are used in a variety of operations, such as ship traffic management, fleet operations, and fleet health operations.
Connected Ship Global Market Report 2023 provides data on the global connected ship market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The connected ship market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.