Connected Ship Market to Grow with a CAGR of 4.22% through 2030F
The global connected ship market is being driven by advancements in IoT technologies, increasing demand for operational efficiency and safety, and the adoption of digitalization in the maritime industry. These innovations enable real-time data transmission, predictive maintenance, and enhanced navigation. These factors are the driving forces for the market in the forecast period 2026-2030.
According to TechSci Research report, “ Connected Ship Market -Global Industry Size, Share, Trends, Competition, Forecast & opportunities, 2030F”, the Global Connected Ship
Market was valued at USD 6.72 Billion in 2024 and is expected to reach USD 8.59
Billion by 2030 with a CAGR of 4.22% during the forecast period. The global connected ship
market is growing rapidly, driven by the demand for improved operational
efficiency and cost reductions. By incorporating IoT technologies, vessels can
transmit real-time data that helps operators monitor vessel health, optimize
fuel usage, enhance navigation, and predict necessary maintenance. This
adoption of smart technologies is vital for ship operators to remain
competitive and comply with evolving industry regulations.
The development of
autonomous vessels is a key driver in the growth of the connected ship market,
as these vessels rely heavily on advanced communication and navigation systems
for autonomous operation. The need for continuous data exchange supports real-time
decision-making, enhancing efficiency and operational performance. As
automation in the maritime industry advances, there is an increasing demand for
integrated technologies like AI, machine learning, and autonomous navigation
systems, bolstered by investments in smart ports and digital infrastructure.
These innovations promise improved safety, cost-efficiency, and operational
optimization, accelerating the adoption of connected ships.
The integration of connected
technologies into existing maritime operations poses challenges, particularly
with older vessels that still use traditional systems. Legacy systems may not
easily interface with modern digital solutions, creating interoperability
issues that delay the deployment of connected ship solutions. Addressing these
integration challenges requires specialized expertise and significant time
investments to ensure compatibility across diverse technologies, from sensors
to analytics platforms. Sustainability is also a
growing trend, driven by environmental concerns and regulatory pressures.
Connected technologies are being leveraged to monitor fuel consumption,
optimize energy use, and reduce emissions. The incorporation of
energy-efficient systems, including hybrid and electric engines, is gaining
traction, while real-time data analysis enables ships to adapt to dynamic
environmental conditions. These sustainability efforts align with global
decarbonization goals, improving both operational efficiency and the market
appeal of connected ships.
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The Global Connected Ship Market is segmented into ship
type, application
type, and region.
The global connected ship market is segmented by ship type into
commercial and defense vessels, each with distinct applications and
requirements for connectivity. Commercial vessels, including cargo ships,
tankers, and passenger ships, rely on connected technologies to enhance
operational efficiency, safety, and cost-effectiveness. These ships use IoT
devices, real-time data analytics, and automation systems to optimize fuel
consumption, track vessel performance, and improve navigation. With growing demands
for sustainability and regulatory compliance, commercial ships increasingly
adopt connected solutions to monitor and reduce emissions while adhering to
environmental standards. The integration of communication systems, such as
satellite and cellular networks, enables efficient fleet management and
enhances operational decision-making, contributing to improved productivity and
reduced operational downtime. On the other hand, defense vessels require advanced connectivity for
mission-critical operations, including surveillance, navigation, and
communication. These ships leverage connected technologies for enhanced
situational awareness, real-time intelligence gathering, and coordination
during defense missions. Autonomous and unmanned vessels are also gaining
traction within defense applications, relying on secure data exchange and
AI-driven systems to execute complex tasks without human intervention. As
defense operations become more digitized, there is an increasing need for
robust cybersecurity measures to protect sensitive data and ensure secure
communication channels. Connected technologies enable defense vessels to
communicate seamlessly with other military assets, such as aircraft and ground
forces, providing better coordination and support during missions. The defense
sector’s focus on operational efficiency, safety, and security is driving the
adoption of advanced connectivity systems, ensuring that defense vessels remain
effective and responsive in a rapidly changing operational environment.
The Asia-Pacific region is the fastest-growing market for connected
ships in 2024, driven by rapid advancements in maritime technologies and
increasing investments in digital infrastructure. The region is witnessing a
significant rise in the adoption of IoT and automation technologies in the
shipping sector, particularly in countries with large shipping industries.
Growing trade activities, both domestic and international, further boost the
demand for enhanced operational efficiency and safety, leading to greater
adoption of connected ship solutions. As shipping companies in Asia-Pacific prioritize digital transformation,
there is an increasing focus on integrating real-time monitoring systems,
predictive maintenance, and energy-efficient technologies to optimize fleet
operations. Smart ports and enhanced connectivity solutions are facilitating
seamless communication and data exchange across the region, improving vessel
management and operational productivity. The region's focus on sustainable
shipping practices, driven by stricter environmental regulations, is another
factor propelling the adoption of connected technologies to monitor and reduce
emissions. The rise in autonomous and unmanned vessel development is also
influencing the connected ship market in Asia-Pacific. With increasing
investments in research and development, the region is positioning itself as a
hub for next-generation maritime innovations. The growing need for enhanced
security and cybersecurity measures further contributes to the expansion of the
connected ship market across Asia-Pacific, which is set to continue its growth
trajectory in the coming years.
Major market players
operating in Global Connected Ship Market are:
- Northrop
Grumman Corporation
- General
Electric Company
- Wärtsilä
Corporation
- Kongsberg
Gruppen
- The
Marlink Group
- Synectics
plc
- Atos
SE
- Viasat,
Inc.
- Rolls-Royce
Holdings plc
- Honeywell
International Inc.
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“The global connected ship market is growing due to rising demand for
operational efficiency, technological advancements, and automation in the
maritime sector. The Asia-Pacific region is experiencing rapid growth, driven
by increased adoption of IoT and automation technologies. Both commercial and
defense vessels are expanding their use of connected solutions, spurred by the
need for sustainability and efficient fleet management. Investments in smart
ports and digital infrastructure are further supporting this growth. These
factors will continue to propel the connected ship market forward during the
forecast period” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based
global management consulting firm.
“Connected Ship Market - Global
Industry Size,
Share, Trends, Opportunity, Segmented By Ship Type (Commercial, Defense), By
Application Type (Vessel Traffic Management, Fleet Operations, Fleet Health
Monitoring), By Fit Type (Line Fit, Retrofit), By Region & Competition, 2020-2030F”, The report evaluates the future growth potential of the Global Connected
Ship Market, offering insights into market size, structure, and projected
growth. It aims to provide comprehensive market intelligence to support
decision-makers in making informed investment decisions. Additionally, the
report identifies and analyzes emerging trends, key drivers, challenges, and
opportunities in the Global Connected Ship Market.
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