Market Overview:
The global connected ship market is expected to grow from USD 1.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 12.9% during the forecast period. The growth of the global connected ship market can be attributed to the increasing demand for maritime safety and security, rising need for real-time data exchange between vessels and shore-based management centers, and growing adoption of digital technologies in the shipping industry. However, lack of standardization across different vessel types is restraining the growth of this market. Based on type, the commercial connected ship segment is projected to lead the global connected ship market duringthe forecast period. Commercial ships are increasingly becoming digitized with advanced communication systems that allow them to connect with other vessels as well as shore-based management centers for exchanging real-time data about their location, cargo status, weather conditions, etc., thereby enhancing maritime safety and security. VTM helps manage vessel traffic by providing information such as vessel position updates (AIS), collision avoidance warnings (CPA/TCPA), port congestion alerts (ETA/ETD), etc.
Product Definition:
A connected ship is a vessel that is outfitted with technology that allows it to connect to the internet and other vessels. This technology can allow for communication, navigation, and other functions. The importance of connected ships lies in the increased efficiency and safety they provide.
Commercial Connected Ship:
Commercial connected ship is a vessel that can be reached through mobile devices or computers on board. It provides information about the position of the ship, weather conditions and other useful data. The information provided by these ships can be used for operational, tactical and strategic decision making by the concerned authorities.
The market size for commercial connected ships was valued at USD 1,849 million in 2016 which is anticipated to grow at a CAGR of XX% over the forecast period.
Defense Connected Ship:
The Defense Connected Ship (DCS) is a vessel that has the ability to connect with other ships, land-based systems and other connected devices through the internet. The ship is equipped with an on-board network that allows it to communicate and collaborate effectively with other connected devices.
Defense Connected Ships are expected to play a significant role in improving situational awareness for U.
Application Insights:
The vessel traffic management segment dominated the global connected ship market in 2017. It is expected to retain its dominance over the forecast period owing to a growing need for efficient and effective vessel traffic management. Vessels equipped with AIS are able to transmit information, such as identity of ships, their speed and course, which helps in avoiding collision risks at sea. Furthermore, they enable authorities to manage maritime traffic by broadcasting all necessary information pertaining to navigation channels and safe distances between vessels thereby enhancing overall safety at sea.
Fleet operations include tracking & monitoring fleet health along with operational efficiency & effectiveness of ships¢â‚¬â„¢ crewmembers while underway or at anchorages.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing adoption of IoT across various industries in countries such as China, India, and Japan. Additionally, rising disposable income coupled with increased spending on leisure activities is anticipated to fuel demand for cruise services in this region. Europe also accounted for a significant share of global revenue owing to early adoption of technologies such as M2M and BFSI among others.
The North American market was valued at USD X million in 2017 owing to high penetration rates associated with ship’s systems & components along with advanced technology implementation compared other regions globally which have been adopted laterally after being introduced here firstly by companies based out of the U.S.
Growth Factors:
- Increasing demand for maritime transportation and logistics services
- Proliferation of digital technologies and big data analytics in the shipping industry
- Growing popularity of voyage optimization and other predictive maintenance applications
- Emergence of new players in the maritime technology sector 5. Increased focus on safety and security by ship owners and operators
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Ship Market Research Report
By Type
Commercial Connected Ship, Defense Connected Ship
By Application
Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring
By Companies
ABB, Wartsila, General Electric (GE), Kongsberg Gruppen, Marlink, RH Marine, Rockwell Automation, Schneider Electric, Siemens
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Connected Ship Market Report Segments:
The global Connected Ship market is segmented on the basis of:
Types
Commercial Connected Ship, Defense Connected Ship
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
Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring
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
- Wartsila
- General Electric (GE)
- Kongsberg Gruppen
- Marlink
- RH Marine
- Rockwell Automation
- Schneider Electric
- Siemens
Highlights of The Connected 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:
- Commercial Connected Ship
- Defense Connected Ship
- By Application:
- Vessel Traffic Management
- Fleet Operations
- Fleet Health Monitoring
- 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 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
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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 Ship is a global shipping company that connects shippers and cargo owners to provide efficient, reliable and sustainable shipping services.
Some of the key players operating in the connected ship market are ABB, Wartsila, General Electric (GE), Kongsberg Gruppen, Marlink, RH Marine, Rockwell Automation, Schneider Electric, Siemens.
The connected ship market is expected to register a CAGR of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected 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 Ship Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected 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 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 Ship Market Size & Forecast, 2020-2028
4.5.1 Connected Ship Market Size and Y-o-Y Growth
4.5.2 Connected Ship Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Commercial Connected Ship
5.2.2 Defense Connected Ship
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Vessel Traffic Management
6.2.2 Fleet Operations
6.2.3 Fleet Health Monitoring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Commercial Connected Ship
9.6.2 Defense Connected Ship
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 Market Size Forecast by Applications
9.10.1 Vessel Traffic Management
9.10.2 Fleet Operations
9.10.3 Fleet Health Monitoring
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Commercial Connected Ship
10.6.2 Defense Connected Ship
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 Market Size Forecast by Applications
10.10.1 Vessel Traffic Management
10.10.2 Fleet Operations
10.10.3 Fleet Health Monitoring
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Commercial Connected Ship
11.6.2 Defense Connected Ship
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 Market Size Forecast by Applications
11.10.1 Vessel Traffic Management
11.10.2 Fleet Operations
11.10.3 Fleet Health Monitoring
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Commercial Connected Ship
12.6.2 Defense Connected Ship
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 Market Size Forecast by Applications
12.10.1 Vessel Traffic Management
12.10.2 Fleet Operations
12.10.3 Fleet Health Monitoring
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Commercial Connected Ship
13.6.2 Defense Connected Ship
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) Market Size Forecast by Applications
13.10.1 Vessel Traffic Management
13.10.2 Fleet Operations
13.10.3 Fleet Health Monitoring
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 Ship Market: Competitive Dashboard
14.2 Global Connected Ship Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Wartsila
14.3.3 General Electric (GE)
14.3.4 Kongsberg Gruppen
14.3.5 Marlink
14.3.6 RH Marine
14.3.7 Rockwell Automation
14.3.8 Schneider Electric
14.3.9 Siemens
