Alongside the rise of the industrial internet, every aspect of shipping has been touched by the integration of automation and big data. The Ôconnected shipÕ represents a model where vessels are tracked and managed via satellite, offering streamlined reporting and improved vessel operating efficiency, including fuel management.
Scope of the Report:The European region is projected to lead the connected ship market during the forecast period. Although the shipbuilding industry in the region is going through a rough patch at present, the increased demand for autonomous ships and cruises from the region is expected to fuel the growth of the Europe connected ship market during the forecast period. The European region is one of the prime consumers of marine electronic equipment as some of the leading shipbuilding countries such as Germany, France, Italy, and Russia are in this region. The shipbuilding industry of the European region offers complex naval vessels such as cruises, ferries, mega yachts, submarines, and dredgers (offshore vessels) and hence, holds a strong position in the international market. Moreover, the marine equipment industry of the region also offers a wide range of products/ship components such as propulsion systems, diesel engines, environment safety systems, cargo handling systems, and related electronic products.
The global Connected Smart Ship market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Connected Smart Ship.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Connected Smart Ship market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Connected Smart Ship market by product type and applications/end industries.
Market Segment by Companies, this report covers ABB
Emerson
GE
Hyundai Heavy Industries (HHI)
Jason
Kongsberg Gruppen
Marlink
Northrop Grumman
RH Marine
Rockwell
Schneider Electric
Siemens
Ulstein
Valmet
Wartsila
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Hardware
Software
Market Segment by Applications, can be divided into Vessel Traffic Management
Fleet Operations
Fleet Health Monitoring
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
