Press release
Connected Ship Global Market 2023 - Top Prominent Players, Business Outlook, Growth Rate And Forecast To 2032
Connected Ship Market
Connected Ship Market Size, Growth Rate, And Forecast
The global connected ship market size grew from $6.54 billion in 2022 to $7.22 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The connected ship market size is expected to grow to $9.52 billion in 2027 at a CAGR of 7.2%.
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Connected Ship Market Drivers
The rise in the seaborne trade is expected to propel the growth of the connected ship market going forward. Seaborne trade refers to the cargo that is carried on a boat for trade. Connected ships are used for the transportation and trade of food, technology, medicine, and other items. Growth and sustainable development depend heavily on affordable and effective maritime transportation.
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Connected Ship Market Segments
• By Type: Commercial, Defense, Other Types
• By Fit: Linefit, Retrofit
• By Installation Type: Onboard, Onshore
• By Application: Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Connected Ship market.
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Connected Ship Market Key Players
Major competitors in the Connected Ship market include ABB Corporation, General Electric, Emerson Electric Co, Schneider Electric SE, Hyundai Heavy Industries Co. Ltd., Jason Inc.
The Business Research Company's "Global Connected Ship Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Connected Ship Market Include:
1. Executive Summary
2. Connected Ship Market Characteristics
3. Connected Ship Market Trends And Strategies
4. Connected Ship Market - Macro Economic Scenario
5. Connected Ship Market Size And Growth
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26. Africa Connected Ship Market
27. Connected Ship Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Connected Ship Market
29. Connected Ship Market Future Outlook and Potential Analysis
30. Appendix
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