Connected Ship Market Size, Share, Analysis Report

Connected Ship Market Size by Application (Fleet Operations, Fleet Health Monitoring, Vessel Traffic Management), By Ship Type (Defense, Commercial), By Fit (Retrofit, Linefit), By Installation Type (Onshore, Onboard), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The connected ship market is expected to be around US$ 8.30 billion by 2027 at a CAGR of 3.95%.

Purchase User License

MARKET SNAPSHOT

Major Players

  • Schneider Electric
  • Valmet
  • Siemens
  • Ulstein
  • Wartsila
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    3

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The connected ship may be a technology in which vessels are appended and managed by satellite, which offers modernize reporting with data regarding fuel management and operational efficiency. It also delivers connectivity to the company and passengers to stay in contact with their family and friends. Furthermore, it offers access to the web and social media to passengers. Sensors used in this technology are used to prepared the management team on offshore and onshore regarding potential problems. Connected ships also contain data integration that will support to decrease life loss. Presently, in the commercial ship with the aforesaid technology, two types of systems are being used, one for the administration and other for the passengers. Rising requirement of a web connection for maintenance and threat detection in order to expand the functioning and efficiency of ships is a key factor resulting in growing demand for connected ships. Growing the use of information and communications technology in the marine industry is a major factor driving development of the global connected ship market. Additionally, rising digitalization of vessels is another factor fueling development of the target market. Moreover, increasing maritime tourism and sea trade are factors projected to enhancement growth of the global connected ship market in the near future.

    The connected ship market is expected to be around US$ 8.30 billion by 2027 at a CAGR of 3.95%.

    The global Connected Ship market is segregated on the basis of Application as Fleet Operations, Fleet Health Monitoring, and Vessel Traffic Management. Based on Ship Type the global Connected Ship market is segmented in Defense and Commercial. Based on Fit the global Connected Ship market is segmented in Retrofit and Linefit.

    Based on Installation Type, the global Connected Ship market is segmented in Onshore and Onboard.

    The global Connected Ship market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Connected Ship market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Schneider Electric, Siemens, Ulstein, Valmet, Wartsila, ABB, Emerson, General Electric, Hyundai Heavy Industries, Jason, and others are among the major players in the global Connected Ship market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Connected Ship Market has been segmented as below:

    Connected Ship Market, By Application

    • Fleet Operations
    • Fleet Health Monitoring
    • Vessel Traffic Management

    Connected Ship Market, By Ship Type

    • Defense
    • Commercial

    Connected Ship Market, By Fit

    • Retrofit
    • Linefit

    Connected Ship Market, By Installation Type

    • Onshore
    • Onboard

    Connected Ship Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Connected Ship Market, By Company

    • Schneider Electric
    • Siemens
    • Ulstein
    • Valmet
    • Wartsila
    • ABB
    • Emerson
    • General Electric
    • Hyundai Heavy Industries
    • Jason
    • Kongsberg Gruppen
    • Marlink
    • Northrop Grumman
    • RH Marine
    • Rockwell Automation

    The report covers:

    • Global Connected Ship market sizes from 2018 to 2027, along with CAGR for 2022-2027
    • Market size comparison for 2020 vs 2027 with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
    • Global Connected Ship market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Connected Ship market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Connected Ship market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Connected Ship market share. Major industry players with significant revenue share include Schneider Electric, Siemens, Ulstein, Valmet, Wartsila, ABB, Emerson, General Electric, Hyundai Heavy Industries , Jason, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Connected Ship industry trends
    • Find complete analysis on the market status
    • Identify the Connected Ship market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent Developments in Connected Ship market are as follows:

    Rockwell Automation

    • 05-2020: Rockwell Automation, Inc., a global leader in industrial automation and digital transformation, has completed the acquisition of Kalypso, LP. Based in the US, Kalypso is a software delivery and consulting firm specializing in the digital evolution of industrial companies with a strong client base in life sciences, consumer products and industrial high-tech.
    • 02-2020: Rockwell Automation, Inc. has announced it has signed an agreement to acquire Italy-based ASEM, S.p.A., a leading provider of digital automation technologies.

    Emerson

    • 06-2020: Emerson announced two new compressed air dryers designed to significantly extend maintenance intervals, minimize downtime and reduce energy costs in rail applications, including brakes and door control. Typically, air dryers have an average service interval of less than two years.
    • 06-2020: Emerson has announced augmented reality (AR) technology to its Plantwe Optics asset performance platform, delivering enhanced access to real-time diagnostics and analytics, as well as live remote assistance, to industrial plant workers responsible for maintaining and optimizing plant equipment.

    Customization

    Customized report as per the requirement can be offered with appropriate recommendations

    Below are our new reports

    Flooring Market

    HVAC Market

    Airsoft Market

    Hemp Market

    Acrylonitrile Butadiene Styrene Market

    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Connected Ship Market, By Application
        5.1 Introduction
        5.2 Fleet Operations
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Fleet Health Monitoring
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Vessel Traffic Management
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast

    6. Connected Ship Market, By Ship Type
        6.1 Introduction
        6.2 Defense
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Commercial
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast

    7. Connected Ship Market, By Fit
        7.1 Introduction
        7.2 Retrofit
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Linefit
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast

    8. Connected Ship Market, By Installation Type
        8.1 Introduction
        8.2 Onshore
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Onboard
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast

    9. Connected Ship Market, By Geography
        9.1 Introduction
        9.2 North America
            9.2.1 North America Connected Ship, By Application
            9.2.2 North America Connected Ship, By Ship Type
            9.2.3 North America Connected Ship, By Fit
            9.2.4 North America Connected Ship, By Installation Type
        9.3 Europe
            9.3.1 Europe Connected Ship, By Application
            9.3.2 Europe Connected Ship, By Ship Type
            9.3.3 Europe Connected Ship, By Fit
            9.3.4 Europe Connected Ship, By Installation Type
        9.4 Asia-Pacific
            9.4.1 Asia-Pacific Connected Ship, By Application
            9.4.2 Asia-Pacific Connected Ship, By Ship Type
            9.4.3 Asia-Pacific Connected Ship, By Fit
            9.4.4 Asia-Pacific Connected Ship, By Installation Type
        9.5 Rest of the World
            9.5.1 Rest of the World Connected Ship, By Application
            9.5.2 Rest of the World Connected Ship, By Ship Type
            9.5.3 Rest of the World Connected Ship, By Fit
            9.5.4 Rest of the World Connected Ship, By Installation Type

    10. Competitive Insights
        10.1 Key Insights
        10.2 Company Market Share Analysis
        10.3 Strategic Outlook
            10.3.1 Mergers & Acquisitions
            10.3.2 New Product Development
            10.3.3 Portfolio/Production Capacity Expansions
            10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            10.3.5 Others

    11. Company Profiles
        11.1 Schneider Electric
            11.1.1 Company Overview
            11.1.2 Product/Service Landscape
            11.1.3 Financial Overview
            11.1.4 Recent Developments
        11.2 Siemens
            11.2.1 Company Overview
            11.2.2 Product/Service Landscape
            11.2.3 Financial Overview
            11.2.4 Recent Developments
        11.3 Ulstein
            11.3.1 Company Overview
            11.3.2 Product/Service Landscape
            11.3.3 Financial Overview
            11.3.4 Recent Developments
        11.4 Valmet
            11.4.1 Company Overview
            11.4.2 Product/Service Landscape
            11.4.3 Financial Overview
            11.4.4 Recent Developments
        11.5 Wartsila
            11.5.1 Company Overview
            11.5.2 Product/Service Landscape
            11.5.3 Financial Overview
            11.5.4 Recent Developments
        11.6 ABB
            11.6.1 Company Overview
            11.6.2 Product/Service Landscape
            11.6.3 Financial Overview
            11.6.4 Recent Developments
        11.7 Emerson
            11.7.1 Company Overview
            11.7.2 Product/Service Landscape
            11.7.3 Financial Overview
            11.7.4 Recent Developments
        11.8 General Electric
            11.8.1 Company Overview
            11.8.2 Product/Service Landscape
            11.8.3 Financial Overview
            11.8.4 Recent Developments
        11.9 Hyundai Heavy Industries
            11.9.1 Company Overview
            11.9.2 Product/Service Landscape
            11.9.3 Financial Overview
            11.9.4 Recent Developments
        11.10 Jason
            11.10.1 Company Overview
            11.10.2 Product/Service Landscape
            11.10.3 Financial Overview
            11.10.4 Recent Developments
               11.11 Kongsberg Gruppen
                           11.11.1 Company Overview
            11.11.2 Product/Service Landscape
            11.11.3 Financial Overview
            11.11.4 Recent Developments
              11.12 Marlink    
                            11.12.1 Company Overview
            11.12.2 Product/Service Landscape
            11.12.3 Financial Overview
            11.12.4 Recent Developments
                11.13 Northrop Grumman
                            11.13.1 Company Overview
            11.13.2 Product/Service Landscape
            11.13.3 Financial Overview
            11.13.4 Recent Developments
                 11.14 RH Marine
                            11.14.1 Company Overview
            11.14.2 Product/Service Landscape
            11.14.3 Financial Overview
            11.14.4 Recent Developments
                   11.15 Rockwell Automation
                            11.15.1 Company Overview
            11.15.2 Product/Service Landscape
            11.15.3 Financial Overview
            11.15.4 Recent Developments

    The Connected Ship Market has been segmented as below:

    Connected Ship Market, By Application

    • Fleet Operations
    • Fleet Health Monitoring
    • Vessel Traffic Management

    Connected Ship Market, By Ship Type

    • Defense
    • Commercial

    Connected Ship Market, By Fit

    • Retrofit
    • Linefit

    Connected Ship Market, By Installation Type

    • Onshore
    • Onboard

     

    Connected Ship Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Connected Ship Market, By Company

    • Schneider Electric
    • Siemens
    • Ulstein
    • Valmet
    • Wartsila
    • ABB
    • Emerson
    • General Electric
    • Hyundai Heavy Industries
    • Jason
    • Kongsberg Gruppen
    • Marlink
    • Northrop Grumman
    • RH Marine
    • Rockwell Automation

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 3.95% during the study period (2022-2027)
    The connected ship market is expected to be around US$ 8.30 billion by 2027
    The segment included in Connected Ship market is Application, Ship Type, Fit, Installation Type, Company and region.
    Some key players operating in the Connected Ship market include Schneider Electric, Siemens, Ulstein, Valmet, Wartsila, ABB, Emerson, General Electric, Hyundai Heavy Industries
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

    Related Reports