Connected Ship Market to Reach USD 7.35 Billion by 2031, Driven by IMO e-Navigation Mandates and LEO Connectivity Expansion

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Connected Ship Market Overview

According to Mordor Intelligence, the connected ship market size is estimated at USD 4.24 billion in 2026, growing from USD 3.80 billion in 2025, and is projected to reach USD 7.35 billion by 2031, expanding at a CAGR of 11.63% during the forecast period. This connected ship market forecast reflects steady digital integration across commercial, defense, and coast-guard fleets as regulatory requirements and operational efficiency targets continue to shape investments.

The connected ship industry has shifted from optional onboard connectivity to mandatory real-time data exchange. Enforcement of International Maritime Organization e-navigation frameworks and carbon intensity reporting rules has made digital reporting a baseline requirement. Fleet owners are investing in integrated bridge systems, engine room sensors, and shore-based dashboards to meet compliance needs while improving fuel management and crew welfare. At the same time, satellite bandwidth costs have declined due to Low Earth Orbit deployments, widening access to high-speed connectivity for mid-sized and small operators

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Key Connected Ship Market Growth Drivers

IMO e-Navigation and Carbon Reporting Compliance

One of the most important connected ship market trends is the implementation of continuous digital reporting requirements. Periodic logbooks are being replaced with automated data streams linking vessels to port authorities and shore offices. The Maritime Single Window framework requires standardized electronic submissions, increasing baseline connectivity expectations worldwide. Carbon intensity targets are also influencing purchasing decisions. Shipowners must monitor fuel consumption, voyage performance, and emissions in real time to align with international decarbonization strategies. Sensors, onboard analytics platforms, and shore-based compliance dashboards are becoming standard equipment, strengthening the connected ship market share of digital monitoring solutions.

Growing Use of ICT and IoT Onboard

The connected ship industry is witnessing rapid deployment of IoT-enabled sensors across propulsion systems, cargo holds, and auxiliary equipment. Fleet health monitoring platforms analyze vibration, temperature, humidity, and engine parameters to predict maintenance needs before failures occur. Commercial operators are integrating predictive maintenance tools with voyage planning systems, creating unified operational dashboards. This integration improves schedule reliability and reduces unplanned downtime, supporting connected ship market growth. Ports in technologically advanced regions are also enabling ship-to-shore data exchange networks, closing the information loop between vessels and terminals.

Expansion of Low Earth Orbit Connectivity

Another defining connected ship market trend is the rapid roll-out of Low Earth Orbit satellite networks. Reduced latency and improved bandwidth affordability have expanded connectivity options beyond traditional geostationary services. Hybrid connectivity models that combine LEO and GEO services are increasingly common, offering resilience and continuous coverage. Smaller coastal vessels, which previously relied on limited voice services, are now integrating broadband systems to support digital reporting and crew communication. This accessibility is expanding the connected ship market size among operators that were previously cost-constrained.

Data-Driven Voyage Optimization

Voyage optimization software is becoming central to the connected ship market forecast. Digital route planning tools integrate weather data, fuel performance models, and emissions tracking into a single decision-support interface. Instead of focusing solely on speed and arrival time, operators are balancing fuel costs, compliance targets, and charter requirements. This data-centric approach allows fleets to reduce operational costs while meeting environmental obligations. The financial upside of digital efficiency is reinforcing connected ship market share gains for software-led solutions within the broader connected ship industry.

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Connected Ship Market Segmentation

By Ship Type

The connected ship industry covers:

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Commercial vessels

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Defense vessels

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Coast-guard vessels

By Application Type

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Vessel Traffic Management

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Fleet Operations

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Fleet Health Monitoring

By Fit

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Line Fit

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Retrofit

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Connected Ship Market Key Players

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Northrop Grumman Corporation

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Wartsila Corporation

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Kongsberg Gruppen AS

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Marlink AS

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General Electric Co.

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Conclusion

The connected ship market is entering a phase where digital connectivity is a core operational requirement rather than an enhancement. Regulatory mandates, carbon intensity monitoring, and electronic reporting standards are reinforcing baseline demand across vessel categories. Declining satellite costs and broader IoT adoption are supporting connected ship market growth, especially among commercial operators seeking efficiency gains.

Overall, the connected ship market forecast indicates sustained expansion as shipowners prioritize compliance, operational transparency, and data-driven performance management. The balance between regulatory obligations and efficiency-driven investment will continue to shape the connected ship market size and connected ship market trends through the end of the forecast period. At the same time, cybersecurity requirements and capital expenditure constraints remain important considerations within the connected ship industry.

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Insurance Telematics Market

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Get more insights: https://www.mordorintelligence.com/industry-reports/insurance-telematics-market?utm_source=abnewswire

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