Navigating the Future Projected Growth of the Connected Ship Market from 2023 to 2028

1
Navigating the Future Projected Growth of the
Connected Ship Market from 2023 to 2028
The Connected Ship Market is projected to grow
from USD 11.3 Billion in 2023 to USD 17.2
Billion by 2028, at a CAGR of 7.7 during the
forecast period. The development of Connected
Ship market is growing rapidly to keep pace with
the rising demand for connected ship. The
demand for
increased management,
fleet more
efficiency, safety and
reduced anticipates
prices keeping

• these trends headed in the future.
• Key Market Players
• Major players operating in the Connected Ship
  market include ABB
• (Switzerland), Emerson Electric Co. (US),
  Kongsberg Gruppen ASA (Norway), Wartsila
  (Finland), and Thales Group (France). These
  companies have reliable manufacturing
• facilities as well as strong distribution
  networks across key regions, such as North
  America, Europe, and Asia Pacific. They have an
  established portfolio of reputable products and
  services, a robust market presence, and strong
  business strategies. Furthermore, these
  companies have a significant market share,
  products with wider applications, broader
  geographical use cases, and a larger product
  footprint.
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id177031595
• Based on Application, the Vessel Traffic
  Management segment is projected to show highest
  growth rate for the market. The primary objective
  of a Vessel Traffic Management revolves around
  improving safety, efficiency, and environmental
  protection in the maritime domain. This is
  accomplished through the utilization of of
  technologies to monitor and control vessel
  traffic in a given area by using different
  sensors, support systems and displays.
• Based on the Installation, the onboard segment is
  projected to lead the market for connected ship.
  Onboard systems are installed on the board of
  ship like device or software installed on board.
  The onboard system includes Navigation
  Positioning, Ship Information Management,
  Communication Management systems, Automation,
  Inter-ship Communication Systems, Integrated
  Bridge Systems. The automation sub-segment of
  onboard system hold the largest share and growth
  rate for connected ship market.
• Based on Platform, the Ships is expected to lead
  the market during the forecast period of the
  Connected Ship market. The Platform segment
  includes Ships and

2
Ports. The ports are sub-segmented as Greenfield
Ports and Brownfield Ports and Ships are
sub-segmented as Commercial and Defense ships
based on Platform. The increase in demand for
Commercial and defense ships leads the Ships
segment to lead the market growth for connected
ship based on platform. Based on Fit, the line
fit segment is expected to grow at highest rate
and lead the market during the forecast period
of Connected Ship market. The other segment
based on fit apart from line fit are retrofit and
hybridfit. Line fit is the installation of
connected ship technology in a new ship during
its construction which reduces the cost and
provides more efficiency which makes linefit
leading segment based on fit for connected ship
market. Based on Region, Asia Pacific is expected
to show the highest growth rate in the Connected
Ship market in 2023, owing to an increased demand
for safety and fleet management. There are
various connected ship manufacturers and
providers to lead the connected ship market for
the region. The countries in the region have
experienced an increased demand for Connected
ship for various applications. Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
sampleNew.asp?id177031595 About
MarketsandMarkets MarketsandMarkets is a blue
ocean alternative in growth consulting and
program management, leveraging a man-machine
offering to drive supernormal growth for
progressive organizations in the B2B space. We
have the widest lens on emerging technologies,
making us proficient in co-creating supernormal
growth for clients. The B2B economy is witnessing
the emergence of 25 trillion of new revenue
streams that are substituting existing revenue
streams in this decade alone. We work with
clients on growth programs, helping them monetize
this 25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM)
Strategy to Execution, Market Share Gain,
Account Enablement, and Thought Leadership
Marketing. Built on the GIVE Growth principle,
we work with several Forbes Global 2000 B2B
companies - helping them stay relevant in a
disruptive ecosystem. Our insights and
strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore
(our Market Intelligence Cloud) integrates our
research, facilitates an analysis of
interconnections through a set of applications,
helping clients look at the entire ecosystem and
understand the revenue shifts happening in their
industry. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441