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Connected Ship Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

09-27-2023 09:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Connected Ship Market is Anticipated to Increase at a Stable CAGR

The global connected ship market is estimated to grow at a CAGR of 4.2% during the forecast period. Ship owners are increasingly implementing digital solutions to improve the safety, efficiency, and navigation of the vessel. Several contracts were reported over the decades to power ships with IoT solutions. For instance, in December 2019, ABB awarded nearly $180 million contract to deliver digital, propulsion and power solutions for Genting Hong Kong's six 'Universal Class' next-generation cruise vessels. This is intended to bring global hotel brands to sea. According to the highest environmental and safety standards, the new vessels will be developed that will be driven by Azipod electric propulsion.

Cruise travelling is gaining significance among travellers and tourists. As per the Cruise Lines International Association (CLIA), in 2019, 30 million passengers are anticipated to cruise the seas, which represents a 6% rise year-on-year. Combined with the increasing numbers of cruise passengers, CLIA stated that travellers are highly aware of sustainable technology onboard vessels. Its ABB Ability digital platform enables crew members to enjoy a completely integrated ship in which all equipment and systems seamlessly work together. With ABB Ability Centers Operations C, the company has supported 918 vessels globally. In 2017, the company introduced the ABB Ability Collaborative Operations concept which is a 24/7 support for remote vessel.

Further, in May 2019, Nordic Innovation declared proposals under the Nordic Smart and Mobility and Connectivity program. This is aimed to foster the setup of Nordic innovation projects, value chains and/or business models, and new Nordic partnerships, that enables to accelerate the transition to a sustainable future. The Connected Ship project funded by Nordic Innovation will establish enterprises and knowledge that can successfully make the shipping industry of Nordic countries more sustainable and develop new Nordic export business models based on the maritime digitalization.

This project intends to show digital platforms onboard a ship with the use of platforms, technology, and experiences from smart city projects in combination with the shipping industry communication protocols, environmental prerequisites, and control systems. It will also prepare the maritime infrastructure for future interaction with the smart society including harbors, passengers, trucks, cargo, and other smart micro-systems. This shows the trend towards digital transformation in the maritime industry which is expected to drive the global connected ship market.

To Request a Sample of our Report on Connected Ship Market:  https://www.omrglobal.com/request-sample/connected-ship-market

Connected Ship Market- Segmentation

By Ship Type

Commercial
Defense

By Application

Vessel Traffic Management
Fleet Operations
Fleet Health Monitoring

By Installation Type

Onboard
Onshore

A full Report of Connected Ship Market Available @  https://www.omrglobal.com/industry-reports/connected-ship-market

Connected Ship Market- Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles

ABB Ltd.
Atos SE
Emerson Electric Co.
General Electric Co.
Hyundai Heavy Industries Co., Ltd. (HHI)
Inmarsat Global Ltd.
Intelsat US LLC
Iridium Communications Inc.
Kongsberg Gruppen ASA
Marlink SAS
Northrop Grumman Corp.
Pon Holdings B.V.
RH Marine Netherlands B.V.
Rockwell Automation, Inc.
Schneider Electric SE
Siemens AG
Synectics plc
Ulstein Group ASA
Ulstein Group ASA
Viasat, Inc.
Wärtsilä Corp.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/connected-ship-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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