The global connected ship market is estimated to grow at a CAGR of nearly 4.2% during the forecast period. The major factors contributing to the market growth include the increasing adoption of IoT solutions in the maritime industry and significant demand for maritime transportation. Increasing demand for maritime transportation has witnessed over the decades owing to the increasing global trade across the globe. More than 90% of the global trade is conducted by the sea as it is the most cost-effective way to move bulk goods and raw materials across the globe.

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As per the Eurostat, in the third quarter of 2019, 880 million tons of goods were handled in the main EU ports. This leads to increasing demand for ships with digital technologies to enhance efficiency, increase productivity, and reduce carbon emissions in the marine sector. Advanced control support is required in ships which can maintain an extremely precise position when in rough waters offshore. This increases the need for Dynamic Positioning (DP) control systems that enable the position and orientation of the ship to be efficiently and safely controlled, which offers unparalleled flexibility and facilitates more energy-efficient operations.


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The shipping sector is extremely complex, where a company has several vessels, with locations all across the globe, which in turn, contributes to the demand for data intelligence and insight to make more informed and smarter decisions. Therefore, the ship owners need smart ships that can support to deliver pre-emptive and predictive insights. For instance, GE offers SeaStream Insight that can offer a unique level of understanding to the ship owners into a ships’ operational state at all times. This allows the user to have confidence in the readiness of assets’ for operations.

Additionally, the smart ship offer benefits to the operators in terms of the reduction in service support costs, elimination of unnecessary maintenance checks, complete reduction in operating costs, and avoidance of unexpected downtime. The vessel can transfer the critical data safely and securely to the service hub owing to the remote monitoring capability. Even in the most remote parts all over the world, the support team can completely access the ship and provides support whenever required. The emerging focus on maritime security is expected to reinforce the integration of IoT solutions in ships, which in turn, will encourage market growth.

Global Connected Ship Market Segmentation
Global Connected Ship Market by Ship Type
• Commercial
• Defense

Global Connected Ship Market by Application
• Vessel Traffic Management
• Fleet Operations
• Fleet Health Monitoring

Global Connected Ship Market by Installation Type
• Onboard
• Onshore


Global Connected Ship Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• ABB Ltd.
• Atos SE
• Emerson Electric Co.
• General Electric Co.
• Hyundai Heavy Industries Co., Ltd. (HHI)
• Inmarsat Global Ltd.
• Intelsat US LLC
• Iridium Communications Inc.
• Kongsberg Gruppen ASA
• Marlink SAS
• Northrop Grumman Corp.
• Pon Holdings B.V.
• RH Marine Netherlands B.V.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• Synectics plc
• Ulstein Group ASA
• Ulstein Group ASA
• Viasat, Inc.
• Wärtsilä Corp.


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