Connected Ship Market Global Industry Outlook, Opportunity Analysis and Forecast 2018-2023
The connected ship market is projected to grow from US$ 5.92 Billion in 2018 to US$ 7.19 Billion by 2023, at a CAGR of 3.95% from 2018 to 2023. The key factors fueling the growth of the connected ship market are the incorporation of the Information and Communication Technology (ICT) in the global marine industry, increased budgets of shipping companies for digitalization of their vessels.
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Based on application, the connected ship market has been segmented into fleet operations, fleet health monitoring, and vessel traffic management. The fleet health monitoring segment is projected to grow at the highest CAGR from 2018 to 2023. The requirement for real-time connectivity in marine ships is expected to fuel the growth of the fleet health monitoring segment of the market during the forecast period
The European region is projected to lead the connected ship market from 2018 to 2023. The Europe connected ship market is also projected to grow at the highest CAGR during the forecast period. Although the shipbuilding industry in the region is going through a rough patch at present, the increased demand for autonomous ships and cruises from the region is expected to fuel the growth of the Europe connected ship market.
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Top Key Players in the “Connected Ship Market” include are
- Northrop Grumman (US)
- General Electric (US)
- Wartsila (Finland)
- Kongsberg Grumman (Norway)
- Marlink (Norway)
Reason to buy this report:
This research report focuses on various levels of analyses —industry analysis (industry trends), market ranking analysis of the top players, supply chain analysis, and company profiles. These insights together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the connected ship market, high-growth regions, and drivers, restraints, opportunities, and challenges for the connected ship market.
Target Audience
- Naval Forces
- Suppliers of Ship Systems
- Shipbuilders
- Technology Support Providers
- Solution Providers
- Component Suppliers
- Maritime Shipping Companies
- Research Organizations
- Original Equipment Manufacturers (OEMs)
- Manufacturers of Navigation Systems
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