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Technologies Enabling Smart Ships of the Future

  • Report

  • 50 Pages
  • April 2020
  • Region: Global
  • Frost & Sullivan
  • ID: 5013080

Driving The Shipping Industry Towards Connectivity, Efficiency, and Autonomy

As the pace of digitization accelerates the shipping industry globally is also adopting technologies such as AI to make their processes more efficient and reduce costs. Governments across the world have also made efforts to support the development and deployment of innovative technologies and have launched multiple initiatives to promote cross border collaboration in the industry.

In addition to industry incumbents implementing digital technologies in their fleet, startups in the industry have also managed to gather traction owing to the eased entry barriers and the willingness of large private corporations and public sector to collaborate with new and small industry players.

In brief, this research service covers the following points:

  • Technologies Enabling Smart Ships
  • Country-Wise Technology Initiatives
  • Drivers and Challenges
  • Growth Opportunities

Table of Contents

1.0 Executive Summary
1.1 Research Scope
1.2 Research Methodology
1.3 Research Methodology Explained

2.0 Overview
2.1 Countries across the World Have Made Efforts to Modernize their Shipping Infrastructure through Public-Private Partnerships

3.0 Technologies Enabling Smart Ships
3.1 AI Will Enable Ships to Attain a Greater Level of Autonomy and Sailors to Have a Better Understanding of their Vessels
3.2 Besides Enabling Autonomy, AI-based Solutions Will also be able to Assist Sailors in Operating and Navigating their Ships
3.3 Usage of AI Applications in Ships Helps in Eliminating Human Errors and Avoids Accidents
3.4 Blockchain will Enable Companies to Eliminate Paperwork and Reduce Processing Times
3.5 Smart Contracts Enable Transparent Tracking of Shipments throughout the Entire Shipping Value Chain
3.6 Blockchain Adoption Would Enable a More Automated and Efficient Transaction Process with Higher Tractability and Collaboration
3.7 AR Solutions Have Helped Ship Crews in Attaining Better Visibility of their Surroundings in Unfavorable Climatic Conditions
3.8 VR Has Empowered Fleet Owners to Impart Realistic Training to their Crew on-Shore to Train them Better for their Jobs
3.9 Augmented Reality along with Big Data Analytics will Provide an Immersive and Complete User Experience for Ship Navigation
3.10 Sensors and Connected Systems will Result in the Generation of Vast Amounts of Data to Help Optimize Vessel Operation
3.11 Centralized Storage of Data Can Help the Shipping Industry in Maintaining a Globally Coordinated Workflow
3.12 Insights Generated from Big Data Enable Better Decision Making across Functions on Ships as well as Ports
3.13 Adoption of Cloud Makes Operations, Communications, and Collaborations Easier for the Workforce off and on Shore
3.14 Cloud Enables Shipping Companies to Maintain Centralized Data Management Systems and Apply Data Policies between Global Locations
3.15 Cloud Computing is Facilitating Remote Data Access and Operations, Enabling Cost Savings for Shipping Companies

4.0 Country-wise Technology Initiatives
4.1 Singapore is Emerging as a Hub of Maritime Technology Innovation Owing to a Strong Tech Ecosystem and the Mature Shipping Industry
4.2 Testing Emerging Technologies in the Form of Pilot Projects Has Given Singapore-based Companies an Edge Over Competitors
4.3 Japan is Favorably Placed Geographically to Facilitate the Growth of Trade Between Asia Pacific and North America
4.4 Japan’s Maritime Ecosystem is a Mix of Private and Public Players Who Have Showcased Multiple Concepts and Conducted Pilots
4.5 Norway Has a Full Maritime Cluster Including Ship Building and Has also Established a Number of Test Beds for Autonomous Ships
4.6 Cloud Computing and Big Data are Helping the Norwegian Maritime Industry to Improve Efficiency and Reduce Costs
4.7 Holland Has Been a Pioneer in Marine Sector and With the Impact of Digital Technologies, the Country is Ready to Maintain its Position
4.8 Port of Rotterdam in Holland is the Busiest Port in Europe and Handles About 466.4 Million Tonnes of Cargo Per Year
4.9 Finland, Leveraging its Geographic Location Has Emerged as a Leader in Designing Icebreakers and Polar Ships
4.10 Finland is a Conducive Ecosystem for Digitization Initiatives Due to the Presence of a Wide Range of Players in the Local Ecosystem
4.11 The Maritime Industry in Germany is Highly Competitive due to its Strong Interest in Research and Innovation
4.12 Germany is the Biggest Exporter of Europe and Has Connectivity with Ports Across the World
4.13 The US Navy is Leading the Front for Adoption of Emerging Technologies in Maritime Space
4.14 The US Tech Giants and Shipping Companies Have Contributed to the Development of Emerging Technology Through Global Partnerships

5.0 Drivers and Challenges
5.1 The Crucial Nature of the Shipping Industry is Driving More Funds From Governments Toward Innovation in the Area
5.2 The Maritime industry Lacks Modern Skills Hampering it from Realizing the Full Potential of Digital Technologies

6.0 Conclusion and Growth Opportunities
6.1 Smarter and More Environment-friendly Technologies are Enabling New Business Models in the Shipping Industry

7.0 Industry Contacts