Market Overview:
The global connected and smart ship market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart ships across different applications, such as commercial and defense sectors. Additionally, the increase in maritime trade is also fueling the growth of this market. Onboard segment is expected to hold a major share of the global connected and smart ship market during the forecast period. This can be attributed to factors such as rising demand for advanced technologies in shipping industry and growing need for real-time data analysis for improving operational efficiency.
Product Definition:
The definition of a Connected Ship is a vessel that is able to connect to the internet and other ships, in order to share information and improve maritime safety. A Smart Ship refers specifically to a Connected Ship that has been outfitted with sensors and software that allow it to collect data on its performance, operation, environment and crew. The data collected by these sensors can then be used to improve efficiency, safety and operations on the ship.
Onboard:
Onboard is a new term that has entered the shipping industry. It refers to all the digital solutions and services used by shippers to manage their fleet operations more efficiently. Onboard applications can be connected with other systems, allowing data sharing among different departments within an organization. This allows for easy monitoring of reports and results, which helps in making better decisions regarding ship operations.
Onshore:
Onshore is a term used in the shipping industry to refer to vessels that are moored or berthed on the shore. Onshore type can be differentiated from offshore by their functions and characteristics. Onshore vessels generally have a lower freeboard, shorter lugs, and stem post closer to the bow than in an offshore vessel making them suitable for operations close inshore.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the growing adoption of these systems across various industries such as oil and gas, marine transportation, and defense among others. The commercial vessels are used for transporting cargo around the world which involves several trips annually. These vessels make about 100 trips a year between Asia Pacific and Europe alone involving about 20 ships each way making a total of 8000 voyages annually according to data published by ECDIS manufacturers in their white papers.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in ports, terminals, and logistics infrastructure across emerging economies such as China, India, Indonesia among others. Increasing demand for consumer goods along with rising disposable income levels will drive regional market growth further.
The North American region is anticipated to witness significant growth over the forecast period owing to technological advancements coupled with implementation of innovative solutions by industry participants.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for maritime transport: The global demand for maritime transport is expected to grow at a CAGR of 3.5% from 2016 to 2021, owing to the growth in international trade and globalization. This is expected to drive the need for more efficient and connected ships, which will in turn boost the market for Connected and Smart Ship technologies.
- Proliferation of IoT devices: With the increasing penetration of IoT devices, there is a growing demand for Connected and Smart Ships that can enable data collection and analysis across various ship systems. This will help improve operational efficiency, safety, and security on board ships.
- Development of advanced communication technologies: The development of advanced communication technologies such as 5G networks is expected to provide faster data transfer speeds and better coverage aboard ships, thus enabling real-time monitoring and control of ship operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected and Smart Ship Market Research Report
By Type
Onboard, Onshore
By Application
Commercial, Defense
By Companies
ABB, GE, Emerson, Schneider, Hyundai Heavy Industries (HHI), Jason, Kongsberg Gruppen, Rockwell Automation, Valmet, Wartsila, Marlink, Northrop Grumman, RH Marine, Siemens, Ulstein, Innovators
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Connected and Smart Ship Market Report Segments:
The global Connected and Smart Ship market is segmented on the basis of:
Types
Onboard, Onshore
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Defense
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE
- Emerson
- Schneider
- Hyundai Heavy Industries (HHI)
- Jason
- Kongsberg Gruppen
- Rockwell Automation
- Valmet
- Wartsila
- Marlink
- Northrop Grumman
- RH Marine
- Siemens
- Ulstein
- Innovators
Highlights of The Connected and Smart Ship Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Onboard
- Onshore
- By Application:
- Commercial
- Defense
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected and Smart Ship Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected and Smart Ship is a project that aims to create a global network of vessels that are connected to the internet and able to share data with each other. The project will also aim to develop software that can automatically manage ship movements, optimize cargo loading and unloading, and predict shipping routes.
Some of the major players in the connected and smart ship market are ABB, GE, Emerson, Schneider, Hyundai Heavy Industries (HHI), Jason, Kongsberg Gruppen, Rockwell Automation, Valmet, Wartsila, Marlink, Northrop Grumman, RH Marine, Siemens, Ulstein, Innovators.
The connected and smart ship market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected and Smart Ship Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected and Smart Ship Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected and Smart Ship Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected and Smart Ship Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected and Smart Ship Market Size & Forecast, 2018-2028
4.5.1 Connected and Smart Ship Market Size and Y-o-Y Growth
4.5.2 Connected and Smart Ship Market Absolute $ Opportunity
Chapter 5 Global Connected and Smart Ship Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Connected and Smart Ship Market Size Forecast by Type
5.2.1 Onboard
5.2.2 Onshore
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Connected and Smart Ship Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Connected and Smart Ship Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected and Smart Ship Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected and Smart Ship Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Connected and Smart Ship Analysis and Forecast
9.1 Introduction
9.2 North America Connected and Smart Ship Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Connected and Smart Ship Market Size Forecast by Type
9.6.1 Onboard
9.6.2 Onshore
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Connected and Smart Ship Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Defense
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Connected and Smart Ship Analysis and Forecast
10.1 Introduction
10.2 Europe Connected and Smart Ship Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Connected and Smart Ship Market Size Forecast by Type
10.6.1 Onboard
10.6.2 Onshore
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Connected and Smart Ship Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Defense
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Connected and Smart Ship Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Connected and Smart Ship Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Connected and Smart Ship Market Size Forecast by Type
11.6.1 Onboard
11.6.2 Onshore
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Connected and Smart Ship Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Defense
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Connected and Smart Ship Analysis and Forecast
12.1 Introduction
12.2 Latin America Connected and Smart Ship Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Connected and Smart Ship Market Size Forecast by Type
12.6.1 Onboard
12.6.2 Onshore
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Connected and Smart Ship Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Defense
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Connected and Smart Ship Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Connected and Smart Ship Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Connected and Smart Ship Market Size Forecast by Type
13.6.1 Onboard
13.6.2 Onshore
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Connected and Smart Ship Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Defense
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected and Smart Ship Market: Competitive Dashboard
14.2 Global Connected and Smart Ship Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GE
14.3.3 Emerson
14.3.4 Schneider
14.3.5 Hyundai Heavy Industries (HHI)
14.3.6 Jason
14.3.7 Kongsberg Gruppen
14.3.8 Rockwell Automation
14.3.9 Valmet
14.3.10 Wartsila
14.3.11 Marlink
14.3.12 Northrop Grumman
14.3.13 RH Marine
14.3.14 Siemens
14.3.15 Ulstein
14.3.16 Innovators
