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Connected Ships Market

Connected Ships Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2033

Connected Ships Market by Application (Fleet Operations, Vessel Traffic Management, Fleet Health Monitoring), by Installation Type (On-board, Onshore), by Fit (Line Fit, Retrofit), by Ship Type (Commercial, Defense), by By Ship Type (Commercial, Defense) Forecast 2026-2034

Feb 3 2025

Base Year: 2025

180 Pages

Connected Ships Market Report Probes the USD Billion Size, Share, Growth Report and Future Analysis by 2033

Key Insights

The Connected Ships Marketsize was valued at USD 5.79 USD Billion in 2023 and is projected to reach USD 9.36 USD Billion by 2032, exhibiting a CAGR of 7.1 % during the forecast period. Ships, which are connected, are vessels that are furnished with sophisticated technologies in the field of communications to facilitate interactive sessions with shore facilities as well as with other installations on board other ships. These ships utilize facilities including communication through satellites, IoT sensors, and data analysis throughout their navigation. Some of the aspects of connected ships include smart ships, which are associated with auto navigation and performance management, and other completely autonomous ships used for the partial or complete omission or reduction of crew through automation. They include remote diagnostic, real-time weather information, prognostic and diagnostic information, and navigation systems. Range from, but not limited to, increasing the usage efficiency of fuel and selection of the optimal route on a vessel and increasing the level of safety by avoiding collisions as well as the capability to manage remote vessels. They are meant to optimize marine businesses and provide possible solutions to the issues of green shipping.

Connected Ships Trends

Integration of artificial intelligence (AI) and machine learning (ML)
Increased adoption of cloud-based platforms
Growing emphasis on data analytics and predictive maintenance
Shift towards autonomous operations

Connected Ships Market Market Size and Forecast (2024-2030) — Connected Ships Market Company Market Share

Driving Forces: What's Propelling the Connected Ships Market

Enhanced operational efficiency: Connected ships enable real-time monitoring and control of vessel systems, reducing downtime and optimizing maintenance schedules.
Improved safety and security: Advanced sensors and surveillance systems enhance situational awareness, reduce risks, and protect against cyber threats.
Reduced environmental impact: Connected ships facilitate the monitoring of fuel consumption, emissions, and other environmental parameters, promoting sustainable operations.
Government regulations: Stringent environmental and safety regulations mandate the adoption of advanced ship technologies, including connectivity solutions.

Challenges and Restraints in Connected Ships Market

High Implementation Costs: The substantial initial investments required for hardware, software, and infrastructure remain a key challenge. These costs include the acquisition of sensors, communication systems, data analytics platforms, and the integration of these components into existing ship systems.
Security Concerns: The vast amounts of data generated by connected ships create potential vulnerabilities to data breaches and cyberattacks. The open and interconnected nature of these systems makes them susceptible to unauthorized access, data theft, and the manipulation of critical ship functions, highlighting the need for robust security measures.
Lack of Interoperability: The absence of standardized protocols and interfaces hinders the seamless integration of various systems within connected ships. The fragmented industry, with different vendors offering proprietary solutions, creates compatibility issues and impedes the efficient exchange of data between disparate systems, limiting the full potential of connected ship technology.
Skilled Workforce Shortage: The adoption of connected ship technology requires a skilled workforce with expertise in data analysis, cybersecurity, and network management. However, the availability of such skilled professionals remains limited, potentially slowing down the widespread implementation of connected ship systems.

Emerging Trends in Connected Ships

Autonomous operations: Connected ships are becoming increasingly autonomous, with automated navigation, collision avoidance, and predictive maintenance capabilities.
Edge computing: On-board processing of data at the edge of the network reduces latency and improves decision-making.
Virtual reality and augmented reality: These technologies enhance training, maintenance, and operational simulations.

Growth Catalysts in Connected Ships Industry

Technological advancements: Continuous innovation in connectivity technologies, sensors, and data analytics are driving market growth.
Government support: Governments are providing incentives and funding for the implementation of connected ship solutions.
Industry collaborations: Partnerships between ship owners, technology providers, and classification societies are accelerating the adoption of connected ships.

Market Segmentation: Connected Ships Analysis

Application:

Fleet Operations
Vessel Traffic Management
Fleet Health Monitoring

Installation Type:

On-board
Onshore

Fit:

Line Fit
Retrofit

Ship Type:

Commercial
Defense

Leading Players in the Connected Ships Market

Significant Developments in Connected Ships Sector

Mar Link's agreement with Thome Group for hybrid network connectivity services
Wartsila's delivery of an integrated bridge and navigation solution for Lindblad Expedition's polar expedition cruise vessel
ABB Ltd.'s launch of the "ABB Ability Marine Fleet Intelligence-Advisory" platform
Inmarsat's partnership with OneOcean for the digitalization of navigation and compliance
DNV GL's introduction of the "ClassConnect" platform for remote monitoring and diagnostics

Regional Insight

The Asia-Pacific region is expected to hold the largest share in the global connected ships market, owing to the increasing adoption of digital technologies and the presence of major shipyards and ship owners. Europe and North America are also significant markets, driven by stringent safety and environmental regulations.

Connected Ships Market Market Share by Region - Global Geographic Distribution — Connected Ships Market Regional Market Share

Geographic Coverage of Connected Ships Market

Higher Coverage

Lower Coverage

No Coverage

Connected Ships Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 7.1% from 2020-2034
Segmentation	By Application Fleet Operations Vessel Traffic Management Fleet Health Monitoring By Installation Type On-board Onshore By Fit Line Fit Retrofit By Ship Type Commercial Defense By Geography By Ship Type Commercial Defense

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth
- - 3.3. Market Restrains
  - - 3.3.1. Vulnerability to Cyberattacks and High Cost of Digitalization to Hamper Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Drone Surveillance is a Key Trend Gaining Traction in the Maritime Security Market
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Connected Ships Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Application
  - 5.1.1. Fleet Operations
  - 5.1.2. Vessel Traffic Management
  - 5.1.3. Fleet Health Monitoring
- 5.2. Market Analysis, Insights and Forecast - by Installation Type
  - 5.2.1. On-board
  - 5.2.2. Onshore
- 5.3. Market Analysis, Insights and Forecast - by Fit
  - 5.3.1. Line Fit
  - 5.3.2. Retrofit
- 5.4. Market Analysis, Insights and Forecast - by Ship Type
  - 5.4.1. Commercial
  - 5.4.2. Defense
- 5.5. Market Analysis, Insights and Forecast - by Region
  - 5.5.1. By Ship Type
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 Northrop Grumman Corporation (U.S.)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Wartsila Oyj (Finland)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 General Electric Company (U.S.)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Kongsberg Gruppen (Norway)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Marlink (U.S.)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Schneider Electric SE (France)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Emerson Electric Co. (U.S.)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 ABB Ltd. (Switzerland)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Rockwell Automation Inc. (U.S.)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Ulstein Group ASA (Norway)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)
    - 6.2.11 Valmet Oyj (Finland)
      6.2.11.1. Overview
      6.2.11.2. Products
      6.2.11.3. SWOT Analysis
      6.2.11.4. Recent Developments
      6.2.11.5. Financials (Based on Availability)
    - 6.2.12 Jason Inc (U.S.)
      6.2.12.1. Overview
      6.2.12.2. Products
      6.2.12.3. SWOT Analysis
      6.2.12.4. Recent Developments
      6.2.12.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Connected Ships Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
Figure 2: Global Connected Ships Market Volume Breakdown (K units, %) by Region 2025 & 2033
Figure 3: By Ship Type Connected Ships Market Revenue (USD Billion), by Application 2025 & 2033
Figure 4: By Ship Type Connected Ships Market Volume (K units), by Application 2025 & 2033
Figure 5: By Ship Type Connected Ships Market Revenue Share (%), by Application 2025 & 2033
Figure 6: By Ship Type Connected Ships Market Volume Share (%), by Application 2025 & 2033
Figure 7: By Ship Type Connected Ships Market Revenue (USD Billion), by Installation Type 2025 & 2033
Figure 8: By Ship Type Connected Ships Market Volume (K units), by Installation Type 2025 & 2033
Figure 9: By Ship Type Connected Ships Market Revenue Share (%), by Installation Type 2025 & 2033
Figure 10: By Ship Type Connected Ships Market Volume Share (%), by Installation Type 2025 & 2033
Figure 11: By Ship Type Connected Ships Market Revenue (USD Billion), by Fit 2025 & 2033
Figure 12: By Ship Type Connected Ships Market Volume (K units), by Fit 2025 & 2033
Figure 13: By Ship Type Connected Ships Market Revenue Share (%), by Fit 2025 & 2033
Figure 14: By Ship Type Connected Ships Market Volume Share (%), by Fit 2025 & 2033
Figure 15: By Ship Type Connected Ships Market Revenue (USD Billion), by Ship Type 2025 & 2033
Figure 16: By Ship Type Connected Ships Market Volume (K units), by Ship Type 2025 & 2033
Figure 17: By Ship Type Connected Ships Market Revenue Share (%), by Ship Type 2025 & 2033
Figure 18: By Ship Type Connected Ships Market Volume Share (%), by Ship Type 2025 & 2033
Figure 19: By Ship Type Connected Ships Market Revenue (USD Billion), by Country 2025 & 2033
Figure 20: By Ship Type Connected Ships Market Volume (K units), by Country 2025 & 2033
Figure 21: By Ship Type Connected Ships Market Revenue Share (%), by Country 2025 & 2033
Figure 22: By Ship Type Connected Ships Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Connected Ships Market Revenue USD Billion Forecast, by Application 2020 & 2033
Table 2: Global Connected Ships Market Volume K units Forecast, by Application 2020 & 2033
Table 3: Global Connected Ships Market Revenue USD Billion Forecast, by Installation Type 2020 & 2033
Table 4: Global Connected Ships Market Volume K units Forecast, by Installation Type 2020 & 2033
Table 5: Global Connected Ships Market Revenue USD Billion Forecast, by Fit 2020 & 2033
Table 6: Global Connected Ships Market Volume K units Forecast, by Fit 2020 & 2033
Table 7: Global Connected Ships Market Revenue USD Billion Forecast, by Ship Type 2020 & 2033
Table 8: Global Connected Ships Market Volume K units Forecast, by Ship Type 2020 & 2033
Table 9: Global Connected Ships Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 10: Global Connected Ships Market Volume K units Forecast, by Region 2020 & 2033
Table 11: Global Connected Ships Market Revenue USD Billion Forecast, by Application 2020 & 2033
Table 12: Global Connected Ships Market Volume K units Forecast, by Application 2020 & 2033
Table 13: Global Connected Ships Market Revenue USD Billion Forecast, by Installation Type 2020 & 2033
Table 14: Global Connected Ships Market Volume K units Forecast, by Installation Type 2020 & 2033
Table 15: Global Connected Ships Market Revenue USD Billion Forecast, by Fit 2020 & 2033
Table 16: Global Connected Ships Market Volume K units Forecast, by Fit 2020 & 2033
Table 17: Global Connected Ships Market Revenue USD Billion Forecast, by Ship Type 2020 & 2033
Table 18: Global Connected Ships Market Volume K units Forecast, by Ship Type 2020 & 2033
Table 19: Global Connected Ships Market Revenue USD Billion Forecast, by Country 2020 & 2033
Table 20: Global Connected Ships Market Volume K units Forecast, by Country 2020 & 2033
Table 21: Commercial Connected Ships Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 22: Commercial Connected Ships Market Volume (K units) Forecast, by Application 2020 & 2033
Table 23: Defense Connected Ships Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 24: Defense Connected Ships Market Volume (K units) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Connected Ships Market?

The projected CAGR is approximately 7.1%.

2. Which companies are prominent players in the Connected Ships Market?

Key companies in the market include Northrop Grumman Corporation (U.S.), Wartsila Oyj (Finland), General Electric Company (U.S.), Kongsberg Gruppen (Norway), Marlink (U.S.), Schneider Electric SE (France), Emerson Electric Co. (U.S.), ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Ulstein Group ASA (Norway), Valmet Oyj (Finland), Jason Inc (U.S.).

3. What are the main segments of the Connected Ships Market?

The market segments include Application, Installation Type, Fit, Ship Type.

4. Can you provide details about the market size?

The market size is estimated to be USD 5.79 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Rising Demand for Satellite Communication Equipment Due to Growing Space Exploration Programs Will Aid Market Growth.

6. What are the notable trends driving market growth?

Drone Surveillance is a Key Trend Gaining Traction in the Maritime Security Market.

7. Are there any restraints impacting market growth?

Vulnerability to Cyberattacks and High Cost of Digitalization to Hamper Market Growth.

8. Can you provide examples of recent developments in the market?

January 2023 – Marlink announced an agreement with Singapore-based ship manager Thome Group for the delivery of hybrid network connectivity services for at least 100 ships.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in K units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Connected Ships Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Connected Ships Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Connected Ships Market?

To stay informed about further developments, trends, and reports in the Connected Ships Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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