Global Connected Ship Market Overview:
The connected ship are drive within the shipping and marine industry to develop security, safety, and navigational efficiency through technology integration. It necessitates the convergence of individual, previously siloed, on-ship systems to achieve heightened levels of situational awareness and control. Connected ship delivers enormous information back to the shore is the dream of things to come for the shipping business. Connected Ship are used for transferring the cargo among seagoing ships. Some of the players profiled in the study are Northrop Grumman (United States), General Electric (United States), Wartsila (Finland), Kongsberg Grumman (Norway), Marlink (Norway), Hyundai Heavy Industries (South Korea), RH Marine (Netherlands), Rockwell Automation (United States), Schneider Electric (France) and Siemens (Germany).
On the basis of geography, the market of Connected Ship has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation Type, the sub-segment i.e. Onshore will boost the Connected Ship market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Seaborne Trade
- Growing Maritime Tourism Industry
Influencing Trend
- Increased Budgets of Shipping Companies for Digitalization of Vessels
Restraints
- High Costs of Marine Broadband Connectivity
- Cyber Threats due to Digitalization
Opportunities
- Development of New Port Cities in Emerging Economies
- Initiatives for the Development of Connected Autonomous Ships
Challenges
- Limited Internet Facilities in Connected Ships
- Lack of Skilled Personnel to Handle and Operate Connected Ships
Key Market Developments:
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.
The companies offer a wide range of management, engineering, technical, communication, and training services and also offer advanced technological systems, products, and services. The companies are exploring the market by adopting expansions, new service launches, collaborations and investments in innovative technology as their preferred strategies.
Target Audience:
Manufacturer of Connected Ships, Suppliers of Connected Ships, Manufacturers of Navigation Systems, Shipbuilders, Technology Support Providers, Governmental Bodies and Research Organizations
Major Objectives Focused through this Study
To define, describe, and forecast the Global Connected Ship market on the basis of product [Commercial and Defense] , application [Vessel Traffic Management, Fleet Operations and Fleet Health Monitoring], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Connected Ship market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Connected Ship industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Ulstein (Norway), Wartsila (Finland) and Inmarsat plc (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Connected Ship market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.