PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1490907
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1490907
Connected Ship Market Size - By Component (Hardware, Software, Services), By Ship Type (Commercial, Defense), By Installation Type (Onboard, Onshore), By Fit (Line Fit, Retro Fit, Hybrid Fit), By Application & Forecast, 2024 - 2032
Connected Ship Market size is projected to depict over 5% CAGR from 2024 to 2032. The increasing digitalization and automation in the maritime sector is driving the adoption of connected ship solutions to improve operational efficiency and safety.
The influx of regulatory mandates, such as the International Maritime Organization's (IMO) requirements for vessel tracking and emissions reduction are encouraging the integration of connected technologies. In May 2023, Kongsberg Maritime showcased remote and autonomous technologies on a cargo vessel off Norway's coast, marking one of the most complex autonomous sea journeys to date. This rising development of new technologies is increasing the appeal of connected ships.
The growing demand for real-time monitoring, remote diagnostics, and predictive maintenance to optimize vessel performance and reduce downtime is also driving the need for these solutions. Significant advancements in communication technologies, such as satellite connectivity and IoT platforms are enabling seamless data exchange between ships and shore-based operations for enhancing fleet management and decision-making processes.
The connected ship industry is segregated into component, ship type, installation type, fit, application, and region.
Based on installation type, the market size from the onshore segment will expand at notable rate from 2024 to 2032, owing to the increasing demand for centralized monitoring and control systems from shipowners and operators. Onshore installations offer enhanced connectivity, data analytics, and cybersecurity features, enabling efficient fleet management and decision-making processes from land-based control centers. The rise in regulatory requirements for vessel tracking and emissions monitoring are also driving the adoption of onshore connected ship solutions.
In terms of application, the connected ship industry from the fleet operation segment will witness robust growth through 2032. This is due to the growing need for real-time monitoring and optimization of vessel performance, fuel efficiency, and route planning. Connected ship solutions are providing enhanced data analytics, predictive maintenance, and remote diagnostics capabilities, enabling shipping companies to improve operational efficiency, reduce costs, and enhance the overall fleet management effectiveness.
Regionally, the Europe connected ship market is slated to expand at commendable CAGR between 2024 and 2032. This can be attributed to the stringent maritime regulations regarding vessel safety, emissions reduction, and operational efficiency. The increasing investments in digitalization and automation initiatives within the maritime sector, coupled with the strong maritime heritage and advanced infrastructure are accelerating the deployment of these solutions. The surging demand for improved fleet management, navigation, and communication solutions are further promoting the adoption of connected ships across the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Hardware providers
- 3.2.2 Software providers
- 3.2.3 Technology providers
- 3.2.4 Service providers
- 3.2.5 Ship manufacturers
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Ongoing advancements in communication technologies
- 3.8.1.2 Proliferation of maritime satellite communication
- 3.8.1.3 Rising adoption of IoT in ships
- 3.8.1.4 Growing demand for data-driven insights and analytics
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Cybersecurity risks
- 3.8.2.2 High initial investments
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component 2021 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Hardware
- 5.2.1 Sensors
- 5.2.2 Communication equipment
- 5.2.3 Control systems
- 5.2.4 Others
- 5.3 Software
- 5.4 Services
- 5.4.1 Professional services
- 5.4.2 Managed services
- 5.4.3 Consulting services
Chapter 6 Market Estimates & Forecast, By Ship Type, 2021 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 Commercial
- 6.2.1 Passenger
- 6.2.2 Cargo
- 6.3 Defense
Chapter 7 Market Estimates & Forecast, By Installation Type, 2021 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 Onboard
- 7.3 Onshore
Chapter 8 Market Estimates & Forecast, By Fit, 2021 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 Line fit
- 8.3 Retro fit
- 8.4 Hybrid fit
Chapter 9 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn)
- 9.1 Key trends
- 9.2 Vessel traffic management
- 9.3 Fleet operation
- 9.4 Fleet health monitoring
- 9.5 Environmental monitoring and compliance
- 9.6 Safety and security management
- 9.7 Others
Chapter 10 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Spain
- 10.3.5 Italy
- 10.3.6 Russia
- 10.3.7 Nordics
- 10.3.8 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 ABB Group
- 11.2 Atos SE
- 11.3 BAE Systems
- 11.4 Cobham SATCOM
- 11.5 Furuno Electric Co., Ltd.
- 11.6 General Electric Co.
- 11.7 Honeywell International Inc.
- 11.8 Intellian Technologies
- 11.9 Kongsberg Gruppen ASA
- 11.10 KVH Industries
- 11.11 L3Harris Technologies
- 11.12 Marlink AS
- 11.13 Navico
- 11.14 Northrop Grumman Corporation
- 11.15 ORBCOMM Inc.
- 11.16 Raytheon Technologies Corporation
- 11.17 RH Marine
- 11.18 Rockwell Automation Inc.
- 11.19 Speedcast International
- 11.20 Synectics Global
- 11.21 Viasat, Inc.
- 11.22 Wartsila Corporation
