Analysis of Connected Ship Market by 2022
Global Connected Ship Market Report 2018 explores future
trends for supply, demand and market growth rate, market
size, prices, trading, competition and value chain as well as
Key Players of the industry’s information with forecast from
2018 to 2022.
Global Connected Ship Market Overview:
According to Market Analyst, Global Connected Ship Market is projected to grow at a healthy growth
rate from 2018 to 2022.
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The growth of the market can be attributed to the incorporation of the Information and Communication
Technology (ICT) in the global marine industry, increased budgets of shipping companies for
digitalization of their vessels, growth of the seaborne trade across the globe, need for situational
awareness among fleet operators, and growth of the maritime tourism industry.
The Global Connected Ship Market can be segmented into Ship Type, Application, and geography. On
the Basis of Ship Type, Market can be segmented into Commercial and Defense. The defense segment of
the market is projected to grow at a higher CAGR than the commercial segment from 2018 to 2022. The
growth of this segment of the market can be attributed to the extensive use of connected ships by the
naval forces of different countries.
Based on application, Market can be segmented into Vessel Traffic Management, Fleet Operations, Fleet
Health Monitoring. The fleet operations segment is projected to lead the connected ship market during
the forecast period. The growth of this segment can be attributed to increased demand for real-time
data exchange among different ships and ports by a number of merchant shipping companies.
Regionally, The European region is projected to lead the connected ship market from 2018 to 2022. The
growth of the Europe connected ship market can be attributed to the increased demand for
autonomous ships and cruises from the region.
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The Market is segmented and projected on the basis of major key player’s:
1 Northrop Grumman (US)