Connected Ship Market size was valued at USD 6.74 Billion in 2023 and the total Connected Ship Market revenue is expected to grow at a CAGR of 6.9% from 2024 to 2030, reaching nearly USD 10.75 Billion by 2030.Connected Ship Market Overview
The connected ships are part of a drive in the shipping and marine industry to integrate technology to improve safety, security, and navigational efficiency. Commercial, defense, and cargo ships are equipped with globally connected ship technology, which allows them to communicate with one another and be operated via satellite for improved safety, security, and navigational efficacy. By merging visual and numerical data from numerous ship systems such as cameras, radars, the electronic chart display and information system, and the automated identification system, the operational team has a high level of situational awareness (AIS). The connected ships help in route planning, vessel tracking, cost-effective travel, fuel management, and predictive diagnosis and assessment.To know about the Research Methodology :- Request Free Sample Report
Connected Ship Market Dynamics
Some of the primary factors driving the growth of the market for connected ships are rising global seaborne trade, increased acceptance of Information and Communication Technology in the global marine industry, extended maritime tourist business, and increased funds of shipping companies for vessel digitization. Ships are connected to a network that allows officials onshore and the personnel onboard instant access to monitoring and controlling activities. Connected ships ensure smooth traffic movement on a number of the busiest trade routes, which is expected to boost market growth during the forecast period. The market is being driven by the growing number of connected ships and, as a result, the expansion of new and existing ports in a variety of countries. Countries like China have been increasing port facilities all along their coastline and have begun building ports in the South China Sea. To manage and monitor the connected ship traffic, such newly created ports require complex infrastructure. As a result, over the forecast period, an increasing number of ports across each area is expected to drive demand for connected ships. Major challenges in connected ships include a lack of internet facilities, a shortage of experienced employees to manage and run connected ships, and a lack of common standards for data provided by different subsystems of connected ships. The high costs of marine broadband connectivity, as well as the vulnerability of connected ships to cyber threats as a result of their digitalization, are likely to limit the market's global growth.Connected Ship Market Segmentation Analysis
By Ship Type, the defense segment is expected to grow at a faster rate during the forecast period. The extensive use of connected ships by naval forces around the world accounts for this high growth rate. Integrated systems on naval ships are capable of connecting diverse ship components and systems with a single controlling and monitoring unit. In terms of designs, uses, building methods, and technologies, connected technology in defense ships differ from connected technology in commercial boats. Various governments throughout the world are heavily investing in this technology to produce new and improved navy ships. Increasing spending on connecting systems by various countries to improve the monitoring capabilities of their naval ships has been a major market growth factor. North Korea, China, and the United States were the top three countries with naval fleets in 2022, with 967, 714, and 415 ships, respectively.
Connected Ship Market Regional Insights
The Asia Pacific accounted for an XX% market share in 2023 and is expected to grow at the highest rate during the forecast period. The region is said to include some of the world' busiest ports and commerce routes. China, Singapore, and South Korea all have ports that see a lot of traffic daily. With new ports opening in countries like the Philippines, Indonesia, and Hong Kong, marine traffic in the region is expected to grow tremendously, positively impacting the region's market growth. The demand for connected ships that provide real-time situational awareness to improve vessel safety, efficiency, and navigation is growing. In addition, the Indian Navy is concentrating its efforts on anti-piracy operations, which is expected to increase demand for connected ships in the country.Connected Ship Industry Ecosystem
Connected Ship Market Scope: Inquire before buying
Connected Ship Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 6.74 Bn Forecast Period 2024 to 2030 CAGR: 6.9% Market Size in 2030: USD 10.75 Bn Segments Covered: by Ship Type Commercial Défense by Installation Type Onboard Onshore by Fit Line fit Retrofit Hybrid fit by Application Vessel Traffic Management Fleet Operations Fleet Health Monitoring Connected Ship Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Connected Ship Market Key Players
1. Northrop Grumman Corporation 2. Wärtsilä 3.Kongsberg Maritime 4. Marlink 5. ABB 6. Emerson Electric Co 7. General Electric 8. Hyundai Heavy Industries Co., Ltd 9. JASON INC 10.Rockwell Automation, Inc 11.Schneider Electric 12.Ulstein Group ASA 13.Valmet 14.Smith & Nephew PLC 15.Stryker Corp 16.Terumo Corp 17.VitalConnectFrequently Asked Questions:
1. Which region has the largest share in Global Connected Ship Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Connected Ship Market? Ans: The Global Connected Ship Market is growing at a CAGR of 6.9% during forecasting period 2024-2030. 3. What is scope of the Global Connected Ship Market report? Ans: Global Connected Ship Market report helps with the PESTEL, PORTER, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Connected Ship Market? Ans: The important key players in the Global Connected Ship Market are – Northrop Grumman Corporation, Wärtsilä, Kongsberg Maritime, Marlink, ABB, Emerson Electric Co, General Electric, Hyundai Heavy Industries Co., Ltd, JASON INC, Rockwell Automation, Inc, Schneider Electric, Ulstein Group ASA, Valmet, Smith & Nephew PLC, Stryker Corp, Terumo Corp, and VitalConnect 5. What was the Global Connected Ship Market size in 2023? Ans: The Global Connected Ship Market size was USD 6.74 Billion in 2023.
1. Connected Ship Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Connected Ship Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Product Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Market Size Estimation Methodology 3.1.1. Bottom-Up Approach 3.1.2. Top-Down Approach 4. Market Dynamics 4.1. Connected Ship Market Trends 4.2. Connected Ship Market Dynamics 4.2.1.1. Drivers 4.2.1.2. Restraints 4.2.1.3. Opportunities 4.2.1.4. Challenges 4.3. PORTER’s Five Forces Analysis 4.3.1. Threat of New Entrants 4.3.2. Threat of Substitutes 4.3.3. Bargaining Power of Suppliers 4.3.4. Bargaining Power of Buyers 4.3.5. Intensity of Competitive Rivalry 4.4. PESTLE Analysis 4.5. Regulatory Landscape By Region 4.5.1. North America 4.5.2. Europe 4.5.3. Asia Pacific 4.5.4. South America 4.5.5. MEA 4.6. Analysis of Government Schemes and Initiatives For the Connected Ship Industry 4.7. Value Chain Analysis 4.8. Technological Evolution in Connected Ship Market 4.9. Pricing Analysis 4.10. Connected Ship Industry Ecosystem 4.10.1. Key Players in the Connected Ship Industry Ecosystem 4.10.2. Role of Companies in the Connected Ship Industry Ecosystem 4.11. Technology Analysis 4.11.1. Key Technology 4.11.2. Supporting Technology 4.12. Investment and Funding Scenario 4.12.1. Major Investment and Funding 5. Connected Ship Market: Global Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 5.1. Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 5.1.1. Commercial 5.1.2. Defense 5.2. Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 5.2.1. Onboard 5.2.2. Onshore 5.3. Connected Ship Market Size and Forecast, By Fit(2023-2030) 5.3.1. Line fit 5.3.2. Retrofit 5.3.3. Hybrid fit 5.4. Connected Ship Market Size and Forecast, By Application(2023-2030) 5.4.1. Vessel Traffic Management 5.4.2. Fleet Operations 5.4.3. Fleet Health Monitoring 5.5. Connected Ship Market Size and Forecast, By Region(2023-2030) 5.5.1. North America 5.5.2. Europe 5.5.3. Asia Pacific 5.5.4. South America 5.5.5. MEA 6. North America Connected Ship Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 6.1. North America Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 6.1.1. Commercial 6.1.2. Defense 6.2. North America Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 6.2.1. Onboard 6.2.2. Onshore 6.3. North America Connected Ship Market Size and Forecast, By Fit(2023-2030) 6.3.1. Line fit 6.3.2. Retrofit 6.3.3. Hybrid fit 6.4. North America Connected Ship Market Size and Forecast, By Application(2023-2030) 6.4.1. Vessel Traffic Management 6.4.2. Fleet Operations 6.4.3. Fleet Health Monitoring 6.5. North America Connected Ship Market Size and Forecast, By Country (2023-2030) 6.5.1. United States 6.5.1.1. United States Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 6.5.1.1.1. Commercial 6.5.1.1.2. Defense 6.5.1.2. United States Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 6.5.1.2.1. Onboard 6.5.1.2.2. Onshore 6.5.1.3. United States Connected Ship Market Size and Forecast, By Fit(2023-2030) 6.5.1.3.1. Line fit 6.5.1.3.2. Retrofit 6.5.1.3.3. Hybrid fit 6.5.1.4. United States Connected Ship Market Size and Forecast By Application(2023-2030) 6.5.1.4.1. Vessel Traffic Management 6.5.1.4.2. Fleet Operations 6.5.1.4.3. Fleet Health Monitoring 6.5.2. Canada 6.5.2.1. Canada Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 6.5.2.1.1. Commercial 6.5.2.1.2. Defense 6.5.2.2. Canada Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 6.5.2.2.1. Onboard 6.5.2.2.2. Onshore 6.5.2.3. Canada Connected Ship Market Size and Forecast, By Fit(2023-2030) 6.5.2.3.1. Line fit 6.5.2.3.2. Retrofit 6.5.2.3.3. Hybrid fit 6.5.2.4. Canada Connected Ship Market Size and Forecast, By Application(2023-2030) 6.5.2.4.1. Vessel Traffic Management 6.5.2.4.2. Fleet Operations 6.5.2.4.3. Fleet Health Monitoring 6.5.3. Mexico 6.5.3.1. Mexico Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 6.5.3.1.1. Commercial 6.5.3.1.2. Defense 6.5.3.2. Mexico Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 6.5.3.2.1. Onboard 6.5.3.2.2. Onshore 6.5.3.3. Mexico Connected Ship Market Size and Forecast, By Fit(2023-2030) 6.5.3.3.1. Line fit 6.5.3.3.2. Retrofit 6.5.3.3.3. Hybrid fit 6.5.3.4. Mexico Connected Ship Market Size and Forecast, By Application(2023-2030) 6.5.3.4.1. Vessel Traffic Management 6.5.3.4.2. Fleet Operations 6.5.3.4.3. Fleet Health Monitoring 7. Europe Connected Ship Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 7.1. Europe Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.2. Europe Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.3. Europe Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.4. Europe Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5. Europe Connected Ship Market Size and Forecast, By Country (2023-2030) 7.5.1. United Kingdom 7.5.1.1. United Kingdom Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.1.2. United Kingdom Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.1.3. United Kingdom Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.1.4. United Kingdom Connected Ship Market Size and Forecast By Application(2023-2030) 7.5.2. France 7.5.2.1. France Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.2.2. France Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.2.3. France Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.2.4. France Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5.3. Germany 7.5.3.1. Germany Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.3.2. Germany Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.3.3. Germany Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.3.4. Germany Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5.4. Italy 7.5.4.1. Italy Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.4.2. Italy Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.4.3. Italy Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.4.4. Italy Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5.5. Spain 7.5.5.1. Spain Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.5.2. Spain Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.5.3. Spain Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.5.4. Spain Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5.6. Sweden 7.5.6.1. Sweden Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.6.2. Sweden Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.6.3. Sweden Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.6.4. Sweden Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5.7. Austria 7.5.7.1. Austria Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.7.2. Austria Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.7.3. Austria Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.7.4. Austria Connected Ship Market Size and Forecast, By Application(2023-2030) 7.5.8. Rest of Europe 7.5.8.1. Rest of Europe Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 7.5.8.2. Rest of Europe Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 7.5.8.3. Rest of Europe Connected Ship Market Size and Forecast, By Fit(2023-2030) 7.5.8.4. Rest of Europe Connected Ship Market Size and Forecast, By Application(2023-2030) 8. Asia Pacific Connected Ship Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 8.1. Asia Pacific Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.2. Asia Pacific Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.3. Asia Pacific Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.4. Asia Pacific Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5. Asia Pacific Connected Ship Market Size and Forecast, By Country (2023-2030) 8.5.1. China 8.5.1.1. China Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.1.2. China Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.1.3. China Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.1.4. China Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5.2. S Korea 8.5.2.1. S Korea Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.2.2. S Korea Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.2.3. S Korea Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.2.4. S Korea Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5.3. Japan 8.5.3.1. Japan Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.3.2. Japan Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.3.3. Japan Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.3.4. Japan Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5.4. India 8.5.4.1. India Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.4.2. India Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.4.3. India Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.4.4. India Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5.5. Australia 8.5.5.1. Australia Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.5.2. Australia Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.5.3. Australia Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.5.4. Australia Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5.6. ASEAN 8.5.6.1. ASEAN Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.6.2. ASEAN Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.6.3. ASEAN Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.6.4. ASEAN Connected Ship Market Size and Forecast, By Application(2023-2030) 8.5.7. Rest of Asia Pacific 8.5.7.1. Rest of Asia Pacific Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 8.5.7.2. Rest of Asia Pacific Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 8.5.7.3. Rest of Asia Pacific Connected Ship Market Size and Forecast, By Fit(2023-2030) 8.5.7.4. Rest of Asia Pacific Connected Ship Market Size and Forecast, By Application(2023-2030) 9. South America Connected Ship Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 9.1. South America Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 9.2. South America Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 9.3. South America Connected Ship Market Size and Forecast, By Fit(2023-2030) 9.4. South America Connected Ship Market Size and Forecast, By Application(2023-2030) 9.5. South America Connected Ship Market Size and Forecast, By Country (2023-2030) 9.5.1. Brazil 9.5.1.1. Brazil Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 9.5.1.2. Brazil Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 9.5.1.3. Brazil Connected Ship Market Size and Forecast, By Fit(2023-2030) 9.5.1.4. Brazil Connected Ship Market Size and Forecast, By Application(2023-2030) 9.5.2. Argentina 9.5.2.1. Argentina Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 9.5.2.2. Argentina Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 9.5.2.3. Argentina Connected Ship Market Size and Forecast, By Fit(2023-2030) 9.5.2.4. Argentina Connected Ship Market Size and Forecast, By Application(2023-2030) 9.5.3. Rest Of South America 9.5.3.1. Rest Of South America Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 9.5.3.2. Rest Of South America Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 9.5.3.3. Rest Of South America Connected Ship Market Size and Forecast, By Fit(2023-2030) 9.5.3.4. Rest Of South America Connected Ship Market Size and Forecast, By Application(2023-2030) 10. Middle East and Africa Connected Ship Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 10.1. Middle East and Africa Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 10.2. Middle East and Africa Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 10.3. Middle East and Africa Connected Ship Market Size and Forecast, By Fit(2023-2030) 10.4. Middle East and Africa Connected Ship Market Size and Forecast, By Application(2023-2030) 10.5. Middle East and Africa Connected Ship Market Size and Forecast, By Country (2023-2030) 10.5.1. South Africa 10.5.1.1. South Africa Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 10.5.1.2. South Africa Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 10.5.1.3. South Africa Connected Ship Market Size and Forecast, By Fit(2023-2030) 10.5.1.4. South Africa Connected Ship Market Size and Forecast, By Application(2023-2030) 10.5.2. GCC 10.5.2.1. GCC Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 10.5.2.2. GCC Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 10.5.2.3. GCC Connected Ship Market Size and Forecast, By Fit(2023-2030) 10.5.2.4. GCC Connected Ship Market Size and Forecast, By Application(2023-2030) 10.5.3. Rest Of MEA 10.5.3.1. Rest Of MEA Connected Ship Market Size and Forecast, By Ship Type(2023-2030) 10.5.3.2. Rest Of MEA Connected Ship Market Size and Forecast, By Installation Type(2023-2030) 10.5.3.3. Rest Of MEA Connected Ship Market Size and Forecast, By Fit(2023-2030) 10.5.3.4. Rest Of MEA Connected Ship Market Size and Forecast, By Application(2023-2030) 11. Company Profile: Key Players 11.1. Northrop Grumman Corporation 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis (Technological strengths and weaknesses) 11.1.5. Strategic Analysis (Recent strategic moves) 11.1.6. Recent Developments 11.2. Wartsila 11.3. Kongsberg Maritime 11.4. Marlink 11.5. ABB 11.6. Emerson Electric Co 11.7. General Electric 11.8. Hyundai Heavy Industries Co., Ltd 11.9. JASON INC 11.10. Rockwell Automation, Inc 11.11. Schneider Electric 11.12. Ulstein Group ASA 11.13. Valmet 11.14. Smith & Nephew PLC 11.15. Stryker Corp 11.16. Terumo Corp 11.17. VitalConnect 12. Key Findings 13. Analyst Recommendations 14. Connected Ship Market: Research Methodology
