Connected Ships Market: Overview

Traditionally, once a ship has left the port its communication with shore was severed. This was until the introduction of radios on ships at the beginning of the 20th century. However, the shipping industry is now experiencing a step change in this field, with digital signals that can be transferred from ship to shore, and in the reverse direction, at significant rates, independent of the ship’s location. The connected ships deals with a drive, within the shipping and marine industry to enhance safety, security, and navigational efficiency through technology integration. This helps the on-ship system to increase control and awareness.

The operational team receives intense levels of situational awareness by combining visual and numerical data from various ship systems such as cameras, radars, electronic chart display and information system (ECDIS) and automatic identification system (AIS). This is advantageous for on-ship safety and off-ship surveillance. The connected ships helps in voyage management, vessel monitoring, economic voyage, fuel management, and predictive diagnosis & assessment.

Connected Ships Market: Drivers & Restraints

The connected ships, help in welfare, entertainment, and operational applications. The welfare and entertainment for passengers and crew is a key driver of the connected ships market.  Operational applications such as route planning, cargo logistic, application monitoring, and administration communication between the vessels have become handy with the application of connected ships.

 The connected ships comprises long-range identification & tracking (LRIT) system and automatic identification system. The long-range identification & tracking system requires vessels to report their ID position to their flag administration four times a day, which is typically done via satellite. The automatic identification system transmits details such as vessel ID, position, course, and speed, on dedicated channels in the very-high frequency (VHF) band to avoidance collisions.

Connected Ships Market: Key Segments

The global connected ships market can be segmented based on application, installation type, ship type, fit, and region. In terms of application, the market can be classified into vessel traffic services (VTSs), fleet operations, and fleet health operations. The VTS is a marine traffic monitoring system established by port or harbor authorities. It is similar to air traffic control for aircrafts. Fleet operations consists of services such as ship building, marine insurance, technical management, and crew member management. Fleet health operations deals with health of the overall crew on the ship. Based on installation type, the connected ships market can be bifurcated into onboard and offshore. In terms of ship type, the market can be segregated into commercial and defense. Based on fit, the connected ships market can be divided into line fit and retro fit.

Connected Ships Market: Regional Outlook

In terms of region, the global connected ships market can be categorized into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is projected to lead the global market during the forecast period, followed by Europe. The market in Asia Pacific is projected to expand at a significant pace during the forecast period. Latin America and Middle East & Africa are expected to account for a small share of the global market during the forecast period.

Connected Ships Market: Key Players

Key players operating in the global connected ships market include Northrop Grumman Corporation, General Electric, Wärtsilä, Kongsberg Maritime, Marlink, ABB, Emerson Electric Co., Hyundai Heavy Industries Co., Ltd., JASON INC., Rockwell Automation, Inc., Schneider Electric, Ulstein Group ASA, and Valmet.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Connected Ships Market

Pre Book