Traditionally, when the ship left the port, communication with the shore was lost. This was before the introduction of radios on ships in the early 20th century. Today, however, the shipping industry is undergoing phasing in this area with digital signals that can be transmitted from ship to shore and back at significant speeds, regardless of the ship’s location.
Connected Ship Market was valued at USD 5.51 billion in 2017 and is projected to reach USD 7.19 billion by 2025, at a CAGR of 3% during the forecast period.
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The key players operating in the market are Northrop Grumman (US), General Electric (US), Wartsila (Finland), Kongsberg Grumman (Norway), and Marlink (Norway), among others. These companies offer advanced technological systems, products, and services.
Connected Ship Market, by Ship Type
- Commercial
- Defense
Connected Ship Market, by Application
- Vessel Traffic Management
- Fleet Operations
- Fleet Health Monitoring
A full report of Global Connected Ship Market is available at: https://www.orionmarketreports.com/connected-ship-2-market/45602/
Scope of the Report
The research study analyzes the global Connected Ship industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Connected Ship Market Report
1. What was the Connected Ship Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2027).
2. What will be the CAGR of Connected Ship Market during the forecast period (2019-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2019-2027).
4. Which manufacturer/vendor/players in the Connected Ship Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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