Know Reasons Why Connected Ship Market Sees Momentum in 2020

Connected Ship Market Latest Edition Published with Forecast to 2027
  • Aug 10, 2020
  • Lakmi
  • Marine
  • AMA Research


According to the report, Increased Budgets of Shipping Companies for Digitalization of Vessels is one of the primary growth factors for the market. Increase in Seaborne Trade is also expected to contribute significantly to the Connected Ship market. Overall, Vessel Traffic Management applications of Connected Ship, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Installation Type, such as Onshore, is boosting the Connected Ship market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Connected Ship market identified that the demand is rising in many different parts of the world as "Development of New Port Cities in Emerging Economies ". Furthermore, some recent industry insights like "February 8, 2019: Wärtsilä to deliver world’s first hybrid retrofit for short-sea shipping vessel. The project is in response to a collaborative agreement between Hagland Shipping and NOAH AS. The installation of a Wärtsilä battery hybrid propulsion solution will significantly enhance the ship’s environmental performance by reducing its emissions, fuel consumption, and noise., and January 22, 2019: Iridium Certus is offered by Marlink as a standalone connectivity solution or as back-up solutions to our Sealink VSAT services. It is empowered by Marlink’s XChange smart service platform to deliver high-quality voice, VoIP and managed data traffic." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Connected Ship market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Connected Ship market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Check more with in-depth analysis and forecast of Connected Ship market study, Click here

Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager