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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As per the Eurostat, in the third quarter of 2019, 880 million tons of goods were handled in the main EU ports. This leads to increasing demand for ships with digital technologies to enhance efficiency, increase productivity, and reduce carbon emissions in the marine sector. Advanced control support is required in ships which can maintain an extremely precise position when in rough waters offshore. This increases the need for Dynamic Positioning (DP) control systems that enable the position and orientation of the ship to be efficiently and safely controlled, which offers unparalleled flexibility and facilitates more energy-efficient operations.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., 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
- Canada
- 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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