For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034._x000D_
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How has the connected ship grown historically, and what trends indicate future expansion?_x000D_
The connected ship market size has grown strongly in recent years. It will grow from $7.3 billion in 2024 to $7.74 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to globalization of trade, navigation and communication advancements, maritime safety regulations, development of satellite communication, integration of automated systems in shipping._x000D_
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The connected ship market size is expected to see strong growth in the next few years. It will grow to $10.28 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increased automation and digitalization of ships, growing demand for eco-friendly and sustainable shipping, adoption of alternative fuels and propulsion systems, expansion of the global shipping network, development of autonomous ships. Major trends in the forecast period include smart shipping solutions, integration of blockchain in maritime operations, remote monitoring and diagnostics, autonomous and unmanned vessels, environmental monitoring and compliance systems._x000D_
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Which key factors are driving the expansion of the connected ship industry?_x000D_
The rise in the seaborne trade is expected to propel the growth of the connected ship market going forward. Seaborne trade refers to the cargo that is carried on a boat for trade. Connected ships are used for the transportation and trade of food, technology, medicine, and other items. Growth and sustainable development depend heavily on affordable and effective maritime transportation. For instance, in July 2024, according to the International Energy Agency, a Paris-based autonomous intergovernmental organisation, bseaborne trade stood at about 1.38 Bt in 2023 and total trade, slightly surpassing the 1.5 Bt, reported historical highs. Therefore, the seaborne trade surge drives growth in the connected ship market._x000D_
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How is the connected ship market segmented by product, application, and end-user?_x000D_
The connected ship market covered in this report is segmented –_x000D_
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1) By Type: Commercial, Defense, Other Types_x000D_
2) By Fit: Linefit, Retrofit_x000D_
3) By Installation Type: Onboard, Onshore_x000D_
4) By Application: Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring, Other Applications_x000D_
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Subsegments:_x000D_
1) By Commercial: Cargo Ships, Tankers, Passenger Ships, Fishing Vessels_x000D_
2) By Defense: Naval Ships, Submarines, Coast Guard Vessels_x000D_
3) By Other Types: Research Vessels, Leisure Boats, Tugs And Barges_x000D_
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Which major trends are influencing the growth of the connected ship industry?_x000D_
Digital transformation in marine has emerged as the key trend gaining popularity in the connected ship market. The purpose of the connected ships is to use technology and other platforms to demonstrate a digitalization platform on board a ship. Major companies operating in the connected ship market are focused on new digital transformation technology to meet consumer demand and strengthen their position. For instance, in March 2022, MSC, an Italy-based shipping company, launched hybrid network solutions and advanced secure IT management. Cyber detection services fully protect this hybrid network solution. The service scans outbound and inbound network traffic to detect targeted cyber threats in real-time and takes immediate steps to correct incidents._x000D_
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Which leading companies are dominating the connected ship market landscape?_x000D_
Major companies operating in the connected ship market include ABB Corporation, General Electric Company, Emerson Electric Co., Schneider Electric SE, Hyundai Heavy Industries Co. Ltd., Kongsberg Gruppen ASA, Rockwell Automation Inc., Valmet Corporation, Wartsila Oyj Abp, Marlink AS, Northrop Grumman Corporation, RH Marine Group, Siemens Aktiengesellschaft, Ulstein Group ASA, Thales Group, Furuno Electric Co. Ltd., Navico Holding AS, Inmarsat plc, Telefonaktiebolaget LM Ericsson, Intelsat Corporation, Harris Corporation, Iridium Communications Inc., KVH Industries Inc., Raytheon Anschütz GmbH, Sperry Marine BV, Transas Marine International AB, Cobham Satcom A/S, GNS GmbH_x000D_
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Which geographic areas are expected to offer the highest growth opportunities in theconnected ship market?_x000D_
Asia-Pacific was the largest region in the connected ship market in 2024. The regions covered in the connected ship market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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