Connected Ship Market Report 2026

Connected Ship Market Overview

• Connected Ship market size has reached to $7.63 billion in 2025 • Expected to grow to $10.65 billion in 2030 at a compound annual growth rate (CAGR) of 6.9% • Growth Driver: Seaborne Trade Surge Fuels Growth In The Connected Ship Market • Market Trend: Investment In Fleet Data-To-Knowledge Centre Signals Advanced Tech Integration For Connected Ship Operations • Asia-Pacific was the largest region in 2025.

What Is Covered Under Connected Ship Market?

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. The main types of connected ships are commercial, defense, and others. The connected ships commercial market consists of sales of connected ship solutions that are used by individuals or corporations for transporting goods from the manufacturer or producer to a market, customer or final point of distribution. The various types of fits are linefit and retrofit, which are installed either onboard or onshore. They are used in various applications such as vessel traffic management, fleet operations, fleet health monitoring, and others.

What Is The Connected Ship Market Growth Forecast?

The connected ship market size is expected to see strong growth in the next few years. It will grow to $10.65 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to smart shipping adoption, autonomous vessel development, cybersecurity investments, demand for real-time fleet visibility, decarbonization monitoring. Major trends in the forecast period include growth of satellite-based ship connectivity, adoption of fleet health monitoring, expansion of vessel traffic management, integration of predictive analytics, focus on maritime safety and security.

Global Connected Ship Market Segmentation

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 Subsegments: 1) By Commercial: Cargo Ships, Tankers, Passenger Ships, Fishing Vessels 2) By Defense: Naval Ships, Submarines, Coast Guard Vessels 3) By Other Types: Research Vessels, Leisure Boats, Tugs And Barges

What Is The Driver Of The Connected Ship Market?

The rise in the seaborne trade is expected to propel the growth of the connected ship market going forward. Seaborne trade refers to the cargo that is carried on a boat for trade. Connected ships are used for the transportation and trade of food, technology, medicine, and other items. Growth and sustainable development depend heavily on affordable and effective maritime transportation. For instance, in July 2024, according to the International Energy Agency, a Paris-based autonomous intergovernmental organisation, bseaborne trade stood at about 1.38 Bt in 2023 and total trade, slightly surpassing the 1.5 Bt, reported historical highs. Therefore, the seaborne trade surge drives growth in the connected ship industry.

What Is The Driver Of The Connected Ship Market?

The rise in the seaborne trade is expected to propel the growth of the connected ship market going forward. Seaborne trade refers to the cargo that is carried on a boat for trade. Connected ships are used for the transportation and trade of food, technology, medicine, and other items. Growth and sustainable development depend heavily on affordable and effective maritime transportation. For instance, in July 2024, according to the International Energy Agency, a Paris-based autonomous intergovernmental organisation, bseaborne trade stood at about 1.38 Bt in 2023 and total trade, slightly surpassing the 1.5 Bt, reported historical highs. Therefore, the seaborne trade surge drives growth in the connected ship industry.

Global Connected Ship Market Trends and Insights

Major companies operating in the connected ship market are focusing on strategic investments to strengthen their position in the market. Strategic investments are made with a long-term perspective, aiming to create value or achieve specific objectives over an extended period, rather than for short-term gains. Funds allocated to research and invested in advanced technologies that facilitate the development of connected ship systems. This might involve IoT, data analytics, AI, automation, and remote monitoring systems for ships. For instance, in October 2023, PSA Marine, a Singapore-based leader in the maritime sector, has built a fleet monitoring center in Singapore, Fleet Data-To-Knowledge (D2K) Centre, to monitor its harbor tug fleet and uses simulators to train its marine crew there. Using digitalization technologies and wall-length screens, PSA Marine observes harbor tug positioning, operations, fuel consumption and machinery health while managing the scheduling and deployment of its tugs in-house. It can visualize the location of the fleet around Singapore port waters using Automatic Identification System (AIS) data, and monitors transit times, speed and fuel consumption on the modern tugs to help tug master’s to optimize operations and improve efficiency.

What Are Latest Mergers And Acquisitions In The Connected Ship Market?

In December 2023, Wilhelmsen Holding ASA, a Norway-based shipping company acquired ZEABORN Ship Management GmbH & Cie. KG for an undisclosed amount. With this acquisition, Wilhelmsen and MPC Capital's ship management aims to strategically enhance market presence by significantly expanding their operational capacity and client base, enabling them to deliver high-quality services to a fleet of over 150 vessels. ZEABORN Ship Management GmbH & Cie. KG is a Germany-based third-party ship management company that manages vessels for their customers and offers connected ship services.

Regional Outlook

Asia-Pacific was the largest region in the connected ship market in 2025. The regions covered in this market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Connected Ship Market?

The connected ship market consists of sales of container ships, bulk carrier, tanker ships, passenger ships and naval ships. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Connected Ship Market Report 2026?

The connected ship market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the connected ship industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.