Connected Ship Market – Analysis and Opportunity Assessment 2019-2025
Factors such as increasing initiatives undertaken by the governments of various countries such as China for the development of new port cities in developing economies are driving the market growth. For example, in 2018, according to China’s Ministry of Transport, shipping companies invested in the construction and development of 42 ports in 34 countries under the Belt and Road Initiative. However, the lack of skilled personnel to operate connected ships may hinder the growth of the market.
Request for Free Sample Pages:
The growth of the global connected ship market can be attributed to the increasing adoption of connected smart ships as they offer numerous benefits such as vessel traffic management data and fleet health monitoring data. Furthermore, connected ships have integrated systems that can connect multiple ship systems and components under one monitoring and controlling unit.
The global connected ship market has been segmented based on ship type, installation type, fit, application, and region.
On the basis of ship type, the global connected ship market has been bifurcated into commercial and defense. The commercial segment is expected to account for a larger market share during the forecast period of 2019 to 2025.
Based on installation type, the global connected ship market has been divided into onboard and onshore. The onboard segment dominated the market in 2018 and is expected to register the higher CAGR during the forecast period.
On the basis of fit, the global connected ship market has been classified as line fit and retrofit. The line fit segment dominated the market and is expected to grow at the higher CAGR during the forecast period.
Based on region, the global connected ship market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The European market accounted for the largest market share in 2018.
The key players in the global connected ship market are ABB (Switzerland), Emerson Electric Co. (US), Kongsberg Group (Norway), Marlink (France), Lockheed Martin Corporation (US), RH Marine (Netherlands), Rockwell Automation, Inc. (US), GENERAL ELECTRIC (US), Schneider Electric (France), Siemens AG (Germany), Viasat, Inc. (US), Wärtsilä (Finland), Intelsat (Luxembourg), Inmarsat plc (UK), and Hyundai Heavy Industries Co., Ltd (South Korea).
Access Full Summary of Report:
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
+1 646 845 9312
Email: [email protected]