Connected Ship - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Connected Ship Market is accounted for $5.65 billion in 2018 and is expected to reach $8.72 billion by 2027 growing at a CAGR of 4.95%. Factors such as rising budgets of shipping companies for digitalization of vessels, increasing maritime tourism industry and high growth of seaborne trade across the globe are driving the market growth. However, high costs of marine broadband connectivity are hampering the market growth.
The connected ship is a technology in which vessels are tacked and managed by satellite, that offers streamline revealing including information with respect to fuel the executives and operational productivity. It additionally gives availability to the team and travelers to remain in contact with their family and friends. Furthermore, it gives access to the web and online networking to travelers. Sensors utilized in this innovation are utilized to alarm the supervisory crew on seaward and inland in regards to potential issues. Associated dispatches additionally incorporate information combination that will diminish life misfortune.
Based on Fit, the linefit segment is expected to witness considerable growth during the forecast period due to increasing investments in naval defense by various countries and rise in seaborne trade activities across the globe. By Geography, Europe is projected to have significant growth during the forecast period owing to rising demand for autonomous ships and cruises in emerging countries such as Germany, France, and Italy.
Some of the key players in the Connected Ship market include Wartsila, Viasat, Valmet, Ulstein, Siemens, Schneider Electric, Rockwell Automation, RH Marine, Northrop Grumman
Marlink, Kongsberg Gruppen, Jason, Iridium, Intelsat, Innovators, Inmarsat, Hyundai Heavy Industries (HHI), General Electric (GE), Emerson and ABB.
Ship Types Covered:
Installation Types Covered:
• Fleet operations
• Fleet Health Operations
• Vessel Traffic Management
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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