Connected Ship Solutions Market by Ship Type, Installation Type, and Geography

Global Connected Ship Solutions Market: About this market

The connected ship solutions market analysis considers sales from both commercial and defense ship type . Our analysis also considers the sales of connected ship solutions in APAC, Europe, North America, South America, and MEA. In 2018, the commercial segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as accelerating seaborne trade and growing marine tourism industry will play a significant role in the commercial segment to maintain its market position. Also, our global connected ship solutions market report looks at factors such as increasing number of passenger cruise ships, rising seaborne trade activities, and digital transformation of marine industry. However, high costs of implementation, need to comply with strict regulations, and data privacy and security concerns may hamper the growth of the connected ship solutions industry over the forecast period.

Global Connected Ship Solutions Market: Overview

Rising seaborne trade activities

Rapid industrialization and the liberalization of economies has increased the total seaborne trade volume, thereby, boosting the shipping industry. The rising seaborne trading activity is also attributed to technological advances. The improved fuel efficiency functionalities and the proliferation of multi-fuel engines have made shipping one of the most fuel-efficient and environment-friendly forms of commercial transport. Thus, the rising seaborne trade activities will lead to the expansion of the global connected ship solutions market at a CAGR of almost 5% during the forecast period.

Digital transformation in the marine industry

Ship operators are increasingly focusing on optimizing costs, delivering better services, and boosting revenues via digital transformation. Shipping companies are introducing automation and digital techniques to streamline business processing and customer handling processes to enhance their market share. Connected ship solutions generate a substantial amount of data, and the use of several risk-averting models and predictive mechanisms on the data can lead to enhanced business productivity. Thus, the digital transformation in the marine industry will drive the demand for connected ship solutions.

Competitive Landscape

With the presence of several major players, the global connected ship solutions market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading connected ship solutions manufacturers, that include ABB Ltd., Emerson Electric Co., General Electric Co., Northrop Grumman Corp., Siemens AG.

Also, the connected ship solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY SHIP TYPE

Market segmentation by ship type
Comparison by ship type
Commercial - Market size and forecast 2018-2023
Defense - Market size and forecast 2018-2023
Market opportunity by ship type

PART 07: MARKET SEGMENTATION BY INSTALLATION TYPE

Market segmentation by installation type

PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
North America - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 12: MARKET TRENDS

Increasing number of applications of analytics in maritime information management
Increasing emergence of autonomous cabs and parcel delivery fleets
Emerging use of satellite imagery
Growing demand for eco-friendly ship

PART 13: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 14: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
ABB Ltd.
Emerson Electric Co.
General Electric Co.
Northrop Grumman Corp.
Siemens AG

PART 15: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits

Exhibit 01: Vendors: Key product offerings
Exhibit 02: Global information technology (IT) spending market
Exhibit 03: Segments of global information technology (IT) spending market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Ship type - Market share 2018-2023 (%)
Exhibit 19: Comparison by ship type
Exhibit 20: Commercial - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Commercial - Year-over-year growth 2019-2023 (%)
Exhibit 22: Defense - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Defense - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by ship type
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2018-2023 (%)
Exhibit 27: Geographic comparison
Exhibit 28: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 30: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 32: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: North America - Year-over-year growth 2019-2023 (%)
Exhibit 34: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 36: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: South America - Year-over-year growth 2019-2023 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Year on year growth in cargo loaded at ports
Exhibit 41: Impact of drivers and challenges
Exhibit 42: Vendor landscape
Exhibit 43: Landscape disruption
Exhibit 44: Vendors covered
Exhibit 45: Vendor classification
Exhibit 46: Market positioning of vendors
Exhibit 47: ABB Ltd. - Vendor overview
Exhibit 48: ABB Ltd. - Business segments
Exhibit 49: ABB Ltd. - Organizational developments
Exhibit 50: ABB Ltd. - Geographic focus
Exhibit 51: ABB Ltd. - Segment focus
Exhibit 52: ABB Ltd. - Key offerings
Exhibit 53: Emerson Electric Co. - Vendor overview
Exhibit 54: Emerson Electric Co. - Business segments
Exhibit 55: Emerson Electric Co. - Organizational developments
Exhibit 56: Emerson Electric Co. - Geographic focus
Exhibit 57: Emerson Electric Co. - Segment focus
Exhibit 58: Emerson Electric Co. - Key offerings
Exhibit 59: General Electric Co. - Vendor overview
Exhibit 60: General Electric Co. - Business segments
Exhibit 61: General Electric Co. - Organizational developments
Exhibit 62: General Electric Co. - Geographic focus
Exhibit 63: General Electric Co. - Segment focus
Exhibit 64: General Electric Co. - Key offerings
Exhibit 65: Northrop Grumman Corp. - Vendor overview
Exhibit 66: Northrop Grumman Corp. - Business segments
Exhibit 67: Northrop Grumman Corp. - Organizational developments
Exhibit 68: Northrop Grumman Corp. - Geographic focus
Exhibit 69: Northrop Grumman Corp. - Segment focus
Exhibit 70: Northrop Grumman Corp. - Key offerings
Exhibit 71: Siemens AG - Vendor overview
Exhibit 72: Siemens AG - Business segments
Exhibit 73: Siemens AG - Organizational developments
Exhibit 74: Siemens AG - Geographic focus
Exhibit 75: Siemens AG - Segment focus
Exhibit 76: Siemens AG - Key offerings
Exhibit 77: Validation techniques employed for market sizing
Exhibit 78: Definition of market positioning of vendors

Executive Summary

The following companies are recognised as the key players in the global connected ship solutions market: ABB Ltd., Emerson Electric Co., General Electric Co., Northrop Grumman Corp., Siemens AG.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the emerging use of satellite imagery.”

According to the report, one of the major drivers for this market is the rising seaborne trade activities.

Further, the report states that one of the major factors hindering the growth of this market is data privacy and security concerns.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.