Some of the key players in the Connected Ship market include Wartsila, Viasat, Valmet, Ulstein, Siemens, Schneider Electric, Rockwell Automation, RH Marine, Hyundai Heavy Industries (HHI), General Electric (GE), Emerson and ABB.

Gaithersburg, Maryland, United States - February 14, 2020 /MarketersMedia/ —

Factors such as rising budgets of shipping companies for digitalization of vessels, increasing maritime tourism industry and high growth of seaborne trade across the globe are driving the market growth. However, high costs of marine broadband connectivity are hampering the market growth.

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The connected ship is a technology in which vessels are tacked and managed by satellite, that offers streamline revealing including information with respect to fuel the executives and operational productivity. It additionally gives availability to the team and travelers to remain in contact with their family and friends. Furthermore, it gives access to the web and online networking to travelers. Sensors utilized in this innovation are utilized to alarm the supervisory crew on seaward and inland in regards to potential issues. Associated dispatches additionally incorporate information combination that will diminish life misfortune.

Based on Fit, the linefit segment is expected to witness considerable growth during the forecast period due to increasing investments in naval defense by various countries and rise in seaborne trade activities across the globe.

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By Geography, Europe is projected to have significant growth during the forecast period owing to rising demand for autonomous ships and cruises in emerging countries such as Germany, France, and Italy.

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Ship Types Covered:
• Commercial
• Defense

Fits Covered:
• Retrofit
• Linefit

Installation Types Covered:
• Onshore
• Onboard

Applications Covered:
• Fleet operations
• Fleet Health Operations
• Vessel Traffic Management

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

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Source URL: https://marketersmedia.com/global-connected-ship-market-is-expected-to-reach-872-billion-by-growing-at-a-cagr-49-during-2018-to-2027/88946819

Source: MarketersMedia

Release ID: 88946819