1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
1 of 5
FEATURED COMPANIES
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Northrop Grumman Corp.
- Siemens AG.
- MORE
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.
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.
Note: Product cover images may vary from those shown
2 of 5
FEATURED COMPANIES
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Northrop Grumman Corp.
- Siemens AG.
- MORE
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 09: GEOGRAPHIC LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
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
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- 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
- Market segmentation by installation type
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 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- 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
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Northrop Grumman Corp.
- Siemens AG
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
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
Note: Product cover images may vary from those shown
3 of 5
FEATURED COMPANIES
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Northrop Grumman Corp.
- Siemens AG.
- MORE
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.
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.
Note: Product cover images may vary from those shown
4 of 5
- ABB Ltd.
- Emerson Electric Co.
- General Electric Co.
- Northrop Grumman Corp.
- Siemens AG.
Note: Product cover images may vary from those shown
5 of 5
LOADING...
