Enhanced with market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights, The Business Research Company’s 2026 market reports deliver more actionable and strategically valuable research.
Connected Ship Market CAGR Analysis And Future Market Development
The connected ship market has experienced robust expansion recently. It is projected to increase from $7.63 billion in 2025 to $8.14 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.7%. Historically, this growth was driven by factors such as the expansion of global maritime trade, the embrace of satellite communications, initiatives for fleet digitization, mandates for safety compliance, and naval modernization programs.
The connected ship market size is projected to experience substantial expansion in the coming years. Its value is anticipated to reach $10.65 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 6.9%. This forecasted growth can be linked to factors such as the adoption of smart shipping practices, advancements in autonomous vessel technology, increased investments in cybersecurity, the need for real-time fleet visibility, and efforts in decarbonization monitoring. Key trends during this period are expected to encompass the expansion of satellite-based ship connectivity, the integration of fleet health monitoring systems, broadened vessel traffic management, the incorporation of predictive analytics, and an intensified focus on ensuring maritime safety and security.
Download A Free Sample Report For Comprehensive Market Insights:
Connected Ship Market Expansion Supported By Key Demand Factors
Anticipated increases in seaborne trade are projected to boost the expansion of the connected ship market in the future. Seaborne trade specifically encompasses goods transported via vessels for commercial purposes. These connected vessels facilitate the movement and commerce of diverse goods, including food, technology, medicine, and various other commodities. Economical and efficient maritime transport is crucial for both overall growth and sustainable development. As an illustration, the International Energy Agency, an independent intergovernmental body based in Paris, reported in July 2024 that seaborne trade reached approximately 1.38 Bt in 2023. Additionally, total trade, exceeding 1.5 Bt, achieved record levels. Consequently, this significant increase in seaborne trade is a key driver for the expansion of the connected ship market.
#Connected Ship Market Segment Landscape And Growth Potential
The connected ship market covered in this report is segmented –
1) By Type: Commercial, Defense, Other Types
2) By Fit: Linefit, Retrofit
3) By Installation Type: Onboard, Onshore
4) By Application: Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring, Other Applications
Subsegments:
1) By Commercial: Cargo Ships, Tankers, Passenger Ships, Fishing Vessels
2) By Defense: Naval Ships, Submarines, Coast Guard Vessels
3) By Other Types: Research Vessels, Leisure Boats, Tugs And Barges
Connected Ship Market Growth Trends Influencing Competitive Dynamics
Major companies operating in the connected ship market are focusing on strategic investments to strengthen their position in the market. These strategic investments are made with a long-term perspective, aiming to create value or achieve specific objectives over an extended period, rather than for short-term gains. Funds are allocated to research and invested in advanced technologies that facilitate the development of connected ship systems. This might involve IoT, data analytics, AI, automation, and remote monitoring systems for ships. For instance, in October 2023, PSA Marine, a Singapore-based leader in the maritime sector, has built a fleet monitoring center in Singapore, Fleet Data-To-Knowledge (D2K) Centre, to monitor its harbor tug fleet and uses simulators to train its marine crew there. Using digitalization technologies and wall-length screens, PSA Marine observes harbor tug positioning, operations, fuel consumption and machinery health while managing the scheduling and deployment of its tugs in-house. It can visualize the location of the fleet around Singapore port waters using Automatic Identification System (AIS) data, and monitors transit times, speed and fuel consumption on the modern tugs to help tug master’s to optimize operations and improve efficiency.
Connected Ship Market Competitive Landscape: Who Are The Leading Companies?
Major companies operating in the connected ship market report include ABB Corporation, General Electric Company, Emerson Electric Co., Schneider Electric SE, Hyundai Heavy Industries Co. Ltd., Kongsberg Gruppen ASA, Rockwell Automation Inc., Valmet Corporation, Wartsila Oyj Abp, Marlink AS, Northrop Grumman Corporation, RH Marine Group, Siemens Aktiengesellschaft, Ulstein Group ASA, Thales Group, Furuno Electric Co. Ltd., Navico Holding AS, Inmarsat plc, Telefonaktiebolaget LM Ericsson, Intelsat Corporation, Harris Corporation, Iridium Communications Inc., KVH Industries Inc., Raytheon Anschütz GmbH, Sperry Marine BV, Transas Marine International AB, Cobham Satcom A/S, GNS GmbH
Access The Complete Connected Ship Market Report:
Connected Ship Market Geographic Landscape: Which Region Dominates Industry Growth?
Asia-Pacific was the largest region in the connected ship market in 2025. The regions covered in the connected ship market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.