Press release
Connected Ship Market 2021-2026: Trends, Scope, Demand, Opportunity and Forecast
The Connected Ship Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Connected Ship market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Connected Ship market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Connected Ship market.The Connected Ship Market is anticipated to witness a CAGR of 3.9% over the forecast period 2020 - 2025.
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Top Leading Companies of Connected Ship Market are - Northrop Grumman Corporation, General Electric Co., Wartsila Corporation, Kongsberg Gruppen ASA, Marlink AS, Synectics Global, Atos SE, Inmarsat plc and others.
Industry News and Updates:
- September 2019 - Navtot and ScanReach have signed an agreement to connect onboard wireless IoT platform to a secure channel for sharing data between ship and shore. This is expected to pave the way for shipowners to have a connected, comprehensive, and real-time view of vessel and fleet operations.
-September 2019 - Datasat, a leading provider of gateway internet services via satellite partnered with SES Networks to provide enhanced connectivity to ferry fleet in the Mediterranean Sea.
Key Market Trends:
Defense Segment is expected to Account for the Largest Market Share during the Forecast Period
- The defense segment is expected to register a higher growth rate compared to the commercial segment during the forecast period. This growth rate can be attributed to the extensive usage of connected ships by the naval forces across the globe. Naval ships comprise of integrated systems that are capable of linking various ship components and systems with one controlling and monitoring unit.
- The connected technology in the defense ships is different from that of connected commercial vessels, in terms of their designs, applications, method of construction, and technologies. Various countries across the globe are investing a lot on this technology for the development of new and advanced naval ships and submarines.
Europe is expected to Account for the Largest Market Share during the Forecast Period
- Europe is expected to provide lucrative opportunities for connected ship market during the forecast period. The shipbuilding industry in the region is going through a rough patch at present. However, the increased demand for autonomous ships and cruises from the region is expected to fuel the growth of the market during the forecast period.
- The region is the home to leading shipbuilding countries such as Germany, France, and Italy. Hence, they are one of the prime consumers of marine electronic equipment.
- The shipbuilding industry in the region offers sophisticated naval vessels such as cruises, ferries, mega yachts, submarines, and dredgers (offshore vessels). This is expected to place the region in a strong position, in the international market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Connected Ship Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Connected Ship Market (%),2016 - 2026
- Connected Ship Market Share, By Brand
- Connected Ship Market Share, By Company
- Connected Ship Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Connected Ship Market Value Analysis & Forecast
- Promising Connected Ship Development by Major Companies
- Detailed Connected Ship Portfolio of the Major Companies
- Major Deals in the Connected Ship Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/01091746426/connected-ship-market-growth-trends-and-forecast-2020-2025
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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