Connected Ship Market Set to Reach $17.2 Billion by 2028 - PowerPoint PPT Presentation

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Connected Ship Market Set to Reach $17.2 Billion by 2028

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The Connected Ship market is estimated at USD 11.3 billion in 2023 and is projected to reach USD 17.2 billion by 2028, at a CAGR of 7.7 % from 2023 to 2028. – PowerPoint PPT presentation

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Title: Connected Ship Market Set to Reach $17.2 Billion by 2028


1
(/)
HCOMoE n(/) nPeREcSStReEdLEASSEhS
(i/PpSREeSaMSrc-RhaERLrEekApSoeErt-t2s.HTML)
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CAREER (/CAREER.ASP) CONTACT US
(/CONTACTUS.ASP) RESOURCE CENTER ABOUT
MNM HOME (/) PRESS RELEASES (/PRESS-RELEASE-2.HT
ML) Connected Ship Industry worth 17.2 billion
by 2028 GLOBAL TOP 2000 STRATEGIST RELY ON US FOR
THEIR GROWTH STRATEGIES. KNCOWoMnOnReEcte(/KdnoSwl
ehdigpestoInre.dasup)stry worth 17.2 billion by
2028 VIEW FULL TABLE OF CONTENTS
(HTTPS//WWW.MARKETSANDMARKETS.COM/MARKET-REPORTS/
CONNECTED- SHIP-MARKET-177031595.HTML) METHODOLO
GY (HTTPS//WWW.MARKETSANDMARKETS.COM/MARKET-REPOR
TS/CONNECTED-SHIP-MARKET- 177031595.HTML) DOWNL
OAD PDF (/PDFDOWNLOADNEW.ASP?ID177031595) The
report "Connected Ship Market (https//www.markets
andmarkets.com/Market-Reports/connected-ship-
market-177031595.html) by Application (Vessel
Traffic Management, Fleet Operation, Fleet Health
Monitoring, Other Applications), Installation
(Onboard, Onshore), Platform (Ships, Ports) Fit
(Line Fit, Retrofit, Hybrid Fit) and Global
Forecast to 2028" The Connected Ship market is
estimated at USD 11.3 billion in 2023 and is
projected to reach USD 17.2 billion by 2028, at a
CAGR of 7.7 from 2023 to 2028. The growth can
be attributed to the increasing need for
connected ship for commercial applications and
navy missions. Browse 286 market data Tables and
72 Figures spread through 253 Pages and in-depth
TOC on "Connected Ship Market by Application
(Vessel Traffic Management, Fleet Operation,
Fleet Health Monitoring, Other Applications),
Installation (Onboard, Onshore), Platform (Ships,
Ports) Fit (Line Fit, Retrofit, Hybrid Fit)
and Global Forecast to 2028" View detailed Table
of Content here - https//www.marketsandmarkets.co
m/Market-Reports/connected-ship-
market-177031595.html (https//www.marketsandmarke
ts.com/Market-Reports/connected-ship-market-
177031595.html) The Fleet Operation segment held
the largest growth rate in the Connected Ship
market by application. By Application, the
Connected Ship market has been segmented into
Vessel Traffic Management, Fleet operation,
Fleet Health Monitoring and Other
Applications. Fleet Operation Segment to hold the
highest growth rate during the forecast period.
These are widely adopted technological
applications to provide real time data access and
fleet optimization. Additionally, they can be
easily employed on commercial and defense ship.
Easy deployment and enhanced efficeincy to drive
the market for the segment. The Connected Ship
Line fit segment is expected to account for the
largest share of Connected Ship by Fit in 2023.
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2
p market is segmented into Line fit, Retrofit and
Hybrid fit. The line fit offer the hip technology
in new ship during its construction. Linefit
provides more cost-effective more seamlessly
integrated into the ship systems, as the
technology is designed to w(/)ork with the ship
existing architecture. The Onboard segment of the
Connected ship market by installation is
projected to dominate the market.
By Fit, the Connected Shi installation of
connected s installation process and is
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CTAhReEECRo(/nCAnReEcEteR.dASsPh)
ipCmONaTrAkCeTtUbSa(s/CeOdNToAnCTtUhSe.AiSnPs)tall
ation is segmented into Onboard and Onshore.
Onboard segment to hold the highest market and
Onshore segment to hold the highest growth rate
during the forecast period. The rapid
development in the connected ship of maritime to
enhanced safety and security is driving the
growth of the market. The Ships segment held the
largest growth rate in the Connected Ship market
by Platform. By Platform, the ships segment to
hold the largest growth rate during forecast
period. The Connected ship market based on
platform is segmented into Ships and Ports. Ships
offers variety of types from different cargo
vessels like Tankers, Bulk carriers, Gas
Tankers, Dry Cargo vessels, Container vessels and
others for commercial to Destroyer, Frigates,
Amphibious ships, Submarine and many other
defence ship type. The rise in demand for
commercial and defence ships drives the growth of
market. Asia Pacific is to hold the highest
growth rate in 2023. The Connected Ship market
industry has been studied in North America,
Europe, Asia Pacific, Rest of the World. The
Asia Pacific region accounts for the highest
growth rate during the forecast period due to the
presence of major Ship Building companies in the
region to enhance the growth of the market. China
is expected to show the highest growth rate and
highest market share of Asia Pacific Region for
Connected Ship market. Increase in rise of
demand for Connected ship for commercial and
defense drives the Connected Ship market in Asia
Pacific Region Major players operating in the
Connected Ship market are ABB (Switzerland),
Emerson Electric Co. (US), Wartsila (Finland),
Kongsberg Gruppen ASA (Norway), and Thales Group
(France). Dont miss out on business
opportunities in Connected Ship Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow.
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