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Connected Ship Market Set to Reach $17.2 Billion by 2028

The Connected Ship market is estimated at USD 11.3 billion in 2023 and is projected to reach USD 17.2 billion by 2028, at a CAGR of 7.7 % from 2023 to 2028.

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Connected Ship Market Set to Reach $17.2 Billion by 2028

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  1. (/) Connected Ship Market CAREER (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) REPORTS (/TOP-MARKET-REPORTS.ASP) RESOURCE CENTER ABOUT MNM Search Reports HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/)› PRESS RELEASES (/PRESS-RELEASE-2.HTML)› Connected Ship Industry worth $17.2 billion by 2028 GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE Connected Ship Industry worth $17.2 billion by 2028 (/Knowledgestore.asp) VIEW FULL TABLE OF CONTENTS (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/CONNECTED- SHIP-MARKET-177031595.HTML) METHODOLOGY (HTTPS://WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/CONNECTED-SHIP-MARKET- 177031595.HTML) DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=177031595) The report "Connected Ship Market (https://www.marketsandmarkets.com/Market-Reports/connected-ship- market-177031595.html) by Application (Vessel Traffic Management, Fleet Operation, Fleet Health Monitoring, Other Applications), Installation (Onboard, Onshore), Platform (Ships, Ports) & Fit (Line Fit, Retrofit, Hybrid Fit) and Global Forecast to 2028" The Connected Ship market is estimated at USD 11.3 billion in 2023 and is projected to reach USD 17.2 billion by 2028, at a CAGR of 7.7 % from 2023 to 2028. The growth can be attributed to the increasing need for connected ship for commercial applications and navy missions. Browse 286 market data Tables and 72 Figures spread through 253 Pages and in-depth TOC on "Connected Ship Market by Application (Vessel Traffic Management, Fleet Operation, Fleet Health Monitoring, Other Applications), Installation (Onboard, Onshore), Platform (Ships, Ports) & Fit (Line Fit, Retrofit, Hybrid Fit) and Global Forecast to 2028" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/connected-ship- market-177031595.html (https://www.marketsandmarkets.com/Market-Reports/connected-ship-market- 177031595.html) The Fleet Operation segment held the largest growth rate in the Connected Ship market by application. By Application, the Connected Ship market has been segmented into Vessel Traffic Management, Fleet operation, Fleet Health Monitoring and Other Applications. Fleet Operation Segment to hold the highest growth rate during the forecast period. These are widely adopted technological applications to provide real time data access and fleet optimization. Additionally, they can be easily employed on commercial and defense ship. Easy deployment and enhanced efficeincy to drive the market for the segment. The Connected Ship Line fit segment is expected to account for the largest share of Connected Ship by Fit in 2023. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

  2. By Fit, the Connected Ship market is segmented into Line fit, Retrofit and Hybrid fit. The line fit offer the installation of connected ship technology in new ship during its construction. Linefit provides more cost-effective installation process and is more seamlessly integrated into the ship systems, as the technology is designed to work with the ship existing architecture. (/) The Onboard segment of the Connected ship market by installation is projected to dominate the market. Sign In (https://www.marketsandmarkets.com/signin.asp) HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HTML) REPORTS (/TOP-MARKET-REPORTS.ASP) CAREER (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) The Connected ship market based on the installation is segmented into Onboard and Onshore. Onboard segment to hold the highest market and Onshore segment to hold the highest growth rate during the forecast period. The rapid development in the connected ship of maritime to enhanced safety and security is driving the growth of the market. The Ships segment held the largest growth rate in the Connected Ship market by Platform. By Platform, the ships segment to hold the largest growth rate during forecast period. The Connected ship market based on platform is segmented into Ships and Ports. Ships offers variety of types from different cargo vessels like Tankers, Bulk carriers, Gas Tankers, Dry Cargo vessels, Container vessels and others for commercial to Destroyer, Frigates, Amphibious ships, Submarine and many other defence ship type. The rise in demand for commercial and defence ships drives the growth of market. Asia Pacific is to hold the highest growth rate in 2023. The Connected Ship market industry has been studied in North America, Europe, Asia Pacific, Rest of the World. The Asia Pacific region accounts for the highest growth rate during the forecast period due to the presence of major Ship Building companies in the region to enhance the growth of the market. China is expected to show the highest growth rate and highest market share of Asia Pacific Region for Connected Ship market. Increase in rise of demand for Connected ship for commercial and defense drives the Connected Ship market in Asia Pacific Region Major players operating in the Connected Ship market are ABB (Switzerland), Emerson Electric Co. (US), Wartsila (Finland), Kongsberg Gruppen ASA (Norway), and Thales Group (France). Don’t miss out on business opportunities in Connected Ship Market. Speak to our analyst and gain crucial industry insights that will help your business grow. (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=177031595) About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X

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