Global Connected Ship Market is expected to reach $8.72 billion by growing at a CAGR 4.9% during 2018 to 2027.

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

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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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

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