CONNECTED SHIP MARKET IS LIKELY TO INCREASE AT A SIGNIFICANTLY HIGH CAGR DURING FORECAST PERIOD 2030

Connected Ship Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030

Connected Ship Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2030

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The global connected ship market is estimated to grow at a CAGR of nearly 4.2% during the forecast period. The major factors contributing to the market growth include the increasing adoption of IoT solutions in the maritime industry and significant demand for maritime transportation. Increasing demand for maritime transportation has witnessed over the decades owing to the increasing global trade across the globe. More than 90% of the global trade is conducted by the sea as it is the most cost-effective way to move bulk goods and raw materials across the globe.

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The shipping sector is extremely complex, where a company has several vessels, with locations all across the globe, which in turn, contributes to the demand for data intelligence and insight to make more informed and smarter decisions. Therefore, the ship owners need smart ships that can support to deliver pre-emptive and predictive insights. For instance, GE offers SeaStream Insight that can offer a unique level of understanding to the ship owners into a ships’ operational state at all times. This allows the user to have confidence in the readiness of assets’ for operations.

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  • Market Coverage

  • Market number available for – 2025-2031

  • Base year- 2025

  • Forecast period- 2025-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Market Segmentation

Global Connected Ship Market by Ship Type

  • Commercial

  • Defense


Global Connected Ship Market by Application

  • Vessel Traffic Management

  • Fleet Operations

  • Fleet Health Monitoring


Global Connected Ship Market by Installation Type

  • Onboard

  • Onshore


Regional Analysis

  • North America

  • United States

  • copyright

  • Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • India

  • Japan

  • Rest of Asia-Pacific

  • Rest of the World


Company Profiles

  • ABB Ltd.

  • Atos SE

  • Emerson Electric Co.

  • General Electric Co.

  • Hyundai Heavy Industries Co., Ltd. (HHI)

  • Inmarsat Global Ltd.

  • Intelsat US LLC

  • Iridium Communications Inc.

  • Kongsberg Gruppen ASA

  • Marlink SAS

  • Northrop Grumman Corp.

  • Pon Holdings B.V.

  • RH Marine Netherlands B.V.

  • Rockwell Automation, Inc.

  • Schneider Electric SE

  • Siemens AG

  • Synectics plc

  • Ulstein Group ASA

  • Ulstein Group ASA

  • Viasat, Inc.

  • Wärtsilä Corp.


The Report Covers

  • Market value data analysis of 2019 and forecast to 2026.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global connected ship market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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