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Connected Ship Market Size, Share, Industry Trends and Growth Analysis by 2028

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<br>

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Connected Ship Market Size, Share, Industry Trends and Growth Analysis by 2028

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  1. (/) Connected Ship Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ABOUT US (/ABOUTUS-8.HTML) Search Reports ? HOME (/) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ CONNECTED SHIP MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE 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 (/Knowledgestore.asp#request_free_trial)  FREE BROCHURE (/pdfdownloadNew.asp?id=177031595)  FREE SAMPLE REPORT (/requestsampleNew.asp?id=177031595) Report Code: AS 6703Aug, 2023, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=177031595) [253 Pages Report] The Connected Ship Market is projected to grow from USD 11.3 billion in 2022 to USD 17.2 billion by 2028, at a CAGR of 7.7 %. The demand for enhanced safety and security in maritime industry is driving the market for Connected Ship. The maritime industry is developing rapidly by building digitalized vessels with all advanced technologies to improve the efficiency of ship in maritime . Government support and growing investments are propelling the development of advanced ships, further boosting the growth of the Connected Ship Industry (https://www.marketsandmarkets.com/PressReleases/connected-ship.asp). Increased adoption of big data, artificial intelligence (AI), the Industrial Internet of Things (IIoT), the Internet of Things (IoT), and data analytics in Connected Ship are democratizing maritime and making new marine applications a reality. These Connected ship systems help to collect and transmit the real time data and improve efficiency of ship and prevent accidents in maritime. They are now being developed in large volumes for enhancing navigation, communication, and IoT. Furthermore, the conncected ship uses new technologies to reduce emissions and improve fuel efficiency 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. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Connected Ship Market Forecast to 2028 To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=177031595) 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

  3. Connected ship Market Dynamics Driver: Increase in global seaborne trade In the past 18 years, sea routes have seen a gradual rise in the amount of bulk cargo transported, as ships are a more cost-effective means of transportation than others. This has led to an increase in global seaborne trade. The top 20 carriers have almost doubled their market share in the past 25 years, now controlling more than half of the global container shipping capacity. According to the United Nations Conference on Trade and Development, global seaborne trade reached 11 billion tons in 2021, with Asia being the largest trading continent. In 2021, about 42% of goods were loaded, and around 64% were unloaded at Asian seaports, while other continents registered less than half of these volumes. Despite the current slump in the global shipbuilding industry, it is expected to grow in the future due to the increasing world population and rising demand for traded goods. Consequently, the demand for purchasing new ships and retrofitting existing ones is also expected to increase globally, leading to an increase in the number of connected ships that offer a high level of safety and enhanced operational efficiency. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Restraints: Digitalization renders connected ships vulnerable to cyber threats Digitalization of ships worldwide has led to an increase in the risk of cyber threats as they follow satellite routes during their voyages. These connected ships are the first step toward the complete automation of the marine vessels as they enable integration of crucial subsystems of marine vessels with each other through local networks. Use of Big Data (https://www.marketsandmarkets.com/Market-Reports/big-data-market- 1068.html) analytics for the development of smart ships is expected to increase the operational efficiency of vessels and enhance their safety, but it is also expected to render ships vulnerable to threats from hackers. The Maritime Safety Committee (MSC) of the International Maritime Organization (IMO) has introduced temporary guidelines to prevent cyber attacks on ship systems as the instances of online threats and potential attacks on connected ships are increasing across the globe. Potential routes through which connected ships can be exposed to cyberattacks are shown in the following diagram. While continuous advancements are being made in communication and data interchange technologies, several security measures need to be taken to ensure that systems and subsystems of connected ships and shore-based stations are protected from hackers. The risk of cybercriminals using the dark web to access private data, install malware, or launch debilitating denial-of-service attacks renders connected ships vulnerable. This leads to apprehensions among marine operators to digitalize their ships, thereby restraining the growth of the connected ship market across the globe. Opportunities: Adoption of Vessel Traffic Services (VTS) by shipping companies In order to ensure safe and secure navigation, the marine industry relies on effective real-time communication between ships and onshore stations. This is facilitated through the use of ICT, which connects vessels with stations and allows for uninterrupted flow of information. To improve interoperability and support new vessel operations, shipping companies are adopting advanced vessel traffic services (VTS). These services allow for the sharing of real-time data and intelligence between connected ships and ports, which is expected to drive demand for connected ships globally. VTS are critical for coordinating maritime rescue efforts, managing incidents, and detecting oil pollution. To ensure high-performance and adherence to changing safety standards, VTS must be constantly updated. They provide real-time navigational and traffic information specific to the areas they cover, and are essential (https://www.marketsandmarkets.com/Privacy-12.html). We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info X

  4. for detecting potential incidents through surveillance systems such as radar, sonar, automatic identification systems (AIS), and closed-circuit televisions (CCTVs). The adoption of VTS in the marine industry is expected to help control and mitigate potential accidents, leading to opportunities for growth in the connected ship market. (/) Challenges: Limited Internet facilities in connected ships HOME (/) ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? Internet connectivity is provided by satellites and similar modes, thereby limiting Internet data usage due to the high costs of the satellite data transfer. This acts as a challenge for the growth of the connected ships market. Even though the shipping companies across the globe are adopting connected ships for their smooth and safe operations, because of limited & high-priced internet access, the adoption rate of such systems in seafaring vessels is still limited. On the other hand, the manned labour is cheaper & traditionally been used to operate large vessels. Further complicating the issue of connected ships are simple technological logistics. Connected ships are required to offer broadband connectivity and have ship-wide Wi-Fi (https://www.marketsandmarkets.com/Market-Reports/global-wi-fi-market-994.html)capability. Several connected ships have limited Internet facilities, which can be accessed from mess decks and public areas only and not from individual cabins. This requirement of broad connectivity and Wi-Fi capability of connected ships still acts as a major challenge for shipowners from both, cost and installation aspects. Connected Ship Market Ecosystem Companies that design and manufacture Connected Ship, includes government firms, NAVY, & ship builders as key stakeholders in Connected Ship Market. Investors, funders, academic researchers, integrators, service providers, and licensing authorities are the major influencers in this market. Prominent companies in this market include ABB (US), Emerson Electric Co. (US), Wartsila (Finland), Kongsberg Gruppen ASA (Norway), and Thales Group (US). 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

  5. Based on the Application, the Fleet Operation segment is estimated to account for the largest market share of the Connected Ship market. Based on the Application, the Fleet Operation segment is estimated to account for the largest market share. Application are a rising need in the maritime industry and are expected to grow by adopting advanced technological solutions. The objective of Fleet operation for connected ship is to adopt the use of advanced technologies and systems to optimize the management, safety, efficiency, and sustainability of a fleet of interconnected vessels. Fleet Operation accounts the largest market among fleet health monitoring, vessel traffic management (https://www.marketsandmarkets.com/Market-Reports/vessel-traffic-management- market-226816165.html)and other applications based on application. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Based on Fit, the Line Fit is anticipated to dominate the market. Based on the Fit, the Line Fit holds the largest market share. Line fit refers to equipment or systems that are installed on a ship during its construction. The primary objective of a Line fit is for connectivity which involves integrating various communication, sensor, and data management systems directly into the ship's design and construction. Line Fit ensures that the ship is equipped with the necessary technology from the beginning to enable efficient operations. The Onboard segment of the Connected ship market by installation is projected to dominate the market. The Onboard Segment holds the major market share of the Connected Ship market by Installation segment. Onboard objective are to installed and integrated directly onto the ship to enable connectivity, data exchange, automation, and efficient operations which plays a crucial role in ensuring that the ship is equipped to operate as a part of a connected fleet. The Ships segment of the Connected ship market by Platform is projected to dominate the market. The Ships Segment holds the major market share of the Connected Ship market by Platfrom segment.The ships are majorly classified as Commercial and Defense types. The commercial ship type includes Passenger ships & Cruise, Cargo Vessels and Other Vessels. The Defense ship includes Submarine, Aircraft Carrier, Destroyer, Frigate, Amphibous ships and corvettes. The Asia Pacific market is projected to witness the highest growth rate for Connected Ship market. Asia Pacific is expected to hold the highest growth rate in the Connected Ship market during the forecast period. The Asia Pacific holds the highest market share. China is the largest market for the Connected Ship market in Asia Pacific. The growth of the Connected Ship market in Asia Pacific can be attributed to the increased demand for Advanced and Digitalized vessels. The Connected Ship market in Asia Pacific was predicted to develop and evolve in future years, owing to advancements in maritime and rising demand for Advanced ship applications and services. 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

  6. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Connected Ship Market by Region To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177031595) Key Market Players The Connected Ship Companies (https://www.marketsandmarkets.com/ResearchInsight/connected-ship- market.asp) is dominated by a few globally established players such as ABB (Switzerland), Emerson Electric Co. (US), Kongsberg Gruppen ASA (Norway), Wartsila (Finland), and Thales (France) some of the leading players operating in the Connected ship market; they are the key manufacturers that secured Connected Ship contracts in the last few years. Major focus was given to the contracts and new product development due to the changing requirements of commercial, government and navy. Get online access to the report on the World's First Market Intelligence Cloud  Easy to Download Historical Data & Forecast Numbers  Company Analysis Dashboard for high growth potential opportunities  Research Analyst Access for customization & queries  Competitor Analysis with Interactive dashboard  Latest News, Updates & Trend analysis REQUEST SAMPLE 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

  7. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) ()  Click on image to enlarge Scope of the Report Report Metric Details Market size available for years 2019–2022 Base year considered 2022 Forecast period 2023-2028 Forecast units Value (USD Billion) Segments Covered By Application, By Installation, By Platform, By Fit Geographies covered North America, Europe, Asia Pacific, Rest of the World Companies covered ABB (Switzerland), Emerson Electric Co. (US), Wartsila (Finland), Kongsberg Gruppen ASA (Norway), and Thales Group (France) and among others. Connected Ship Market Highlights The study categorizes Connected Ship market based on Application, Installation, Platform, Fit, and Region. 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

  8. Segment Subsegment By Application (/) Vessel Traffic Management Fleet Health Monitoring Fleet Operation Other Applications BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) CONTACT US (/CONTACTUS.ASP) By Installation Onboard Onshore By Platform Ships Ports By Fit Line fit Retrofit Hybrid fit By Region North America Asia Pacific Europe Rest of the World Recent Developments In May 2023, ABB :- ABB is developing a revolutionary propulsion system concept to increase ship efficiency. It will be first electric propulsion system in the industry for ABB. These will give ultimate efficiency and new vessel design. The company estimated the first prototype of these product will be available in 2025.. In May 2023, Kongsberg Gruppen ASA : - Kongsberg Maritime has successfully demonstrated a range of remote and autonomous technologies on a cargo vessel operating off the coast of Norway. These is one of the two vessels that are equipped for remote-operated and autonomous transport demonstrations for the Autoship project. In April 2022, Wartsila :- Wartsila launches Smart Realities, virtual and augmented simulation solutions for scalable and realistic training experience. These will be fully immersive extended reality (XR) training and assessment solution for ship handling, bridge and marine, engineering applications that allow mariners to develop their skills. Frequently Asked Questions (FAQ):  Which are the major companies in the Connected Ship market? What are their major strategies to strengthen their market presence?  What are the drivers and opportunities for the Connected Ship market? 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

  9. Which region is expected to grow at the highest rate in the next five years?  What is the CAGR of the Connected Ship Market? (/)  Which function of Connected Ship is expected to significantly lead in the coming years? Sign In (https://www.marketsandmarkets.com/signin.asp) HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CAREERS (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) ? To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=177031595) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (/requestCustomizationNew.asp?id=177031595) Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED (/PRACTICES/STAY-TUNED.ASP) REPORT CODE AS 6703 PUBLISHED ON AUG, 2023  REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=177031595) CHOOSE LICENSE TYPE Single User - $4950 Corporate License - $8150 BUY NOW (/Purchase/purchase_reportNew.asp?id=177031595) 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

  10. Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=177031595) (/) ADJACENT MARKETS Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) ? HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) ABOUT US (/ABOUTUS-8.HTML) Marine Engine Monitoring System Market (/Market-Reports/marine-engine-monitoring-system- market-8035652.html) CAREERS (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) Vessel Traffic Management Market (/Market-Reports/vessel-traffic-management-market- 226816165.html) Terminal Management System Market (/Market-Reports/terminal-management-system-market- 107086019.html) Integrated Bridge Systems Market (/Market-Reports/integrated-bridge-system-market- 140505598.html) REQUEST BUNDLE REPORTS (/RequestBundleReport.asp?id=177031595)  (mailto:sales@marketsandmarkets.com) SHARE  (https://www.facebook.com/sharer/sharer.php?u=https://www.marketsandmarkets.com/Market- Reports/connected-ship-market-177031595.html)  (https://www.twitter.com/share?url=https://www.marketsandmarkets.com/Market- Reports/connected-ship-market-177031595.html)  (https://www.linkedin.com/shareArticle? mini=true&url=https://www.marketsandmarkets.com/Market-Reports/connected-ship-market- 177031595.html) X (/requestCustomizationNew.asp?id=177031595) 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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