PUBLISHER: Lucintel | PRODUCT CODE: 1418576
PUBLISHER: Lucintel | PRODUCT CODE: 1418576
Connected Ship Trends and Forecast
The future of the global connected ship market looks promising with opportunities in the vessel traffic management, fleet health monitoring, and fleet operation markets. The global connected ship market is expected to reach an estimated $13.6 billion by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are rise in global seaborne trade, increasing adoption of digitization in the shipping industry, and significantly growing maritime tourism industry.
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Connected Ship by Segment
The study includes a forecast for the global connected ship by installation, fit, platform, application, and region.
List of Connected Ship Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies connected ship companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected ship companies profiled in this report include-
Connected Ship Market Insights
Lucintel forecasts that onboard will remain the larger market over the forecast period as it enables connectivity, data exchange, automation, and efficient operations.
Within this market, fleet operation will remain the largest segment due to growth in need in the maritime industry and increasing adoption of advanced technological solutions.
APAC is expected to witness highest growth over the forecast period due to high demand of advanced vessels and advancements in maritime in this region.
Features of the Global Connected Ship Market
Market Size Estimates: Connected ship market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected ship market size by various segments, such as by installation, fit, platform, application, and region in terms of value ($B).
Regional Analysis: Connected ship market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different installation, fit, platforms, applications, and regions for the connected ship market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected ship market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the connected ship market size?
Answer: The global connected ship market is expected to reach an estimated $13.6 billion by 2030.
Q2. What is the growth forecast for connected ship market?
Answer: The global connected ship market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the connected ship market?
Answer: The major drivers for this market are rise in global seaborne trade, increasing adoption of digitization in the shipping industry, and significantly growing maritime tourism industry.
Q4. What are the major segments for connected ship market?
Answer: The future of the connected ship market looks promising with opportunities in the vessel traffic management, fleet health monitoring, and fleet operation markets.
Q5. Who are the key connected ship market companies?
Answer: Some of the key connected ship companies are as follows.
Q6. Which connected ship market segment will be the largest in future?
Answer: Lucintel forecasts that onboard will remain the larger market over the forecast period as it enables connectivity, data exchange, automation, and efficient operations.
Q7. In connected ship market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high demand of advanced vessels and advancements in maritime in this region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.