Connected Ship Market Size,Growth,Trends,Forecast to 2023.

1. Connected Ship Market Size,Growth,Trends,Forecast to 2023. According to the new market research report "Connected Ship Market by Application (Vessel Traffic Management, Fleet operations, Fleet Health Operations), Installation Type (Onboard, Onshore), Ship Type (Commercial, Defense), Fit (Linefit, Retrofit), Region - Global Forecast to 2023", The connected ship market is projected to grow from USD 5.92 billion in 2018 to USD 7.19 billion by 2023, at a CAGR of 3.95% from 2018 to 2023. The growth of the market can be attributed to the incorporation of the Information and Communication Technology (ICT) in the global marine industry, increased budgets of shipping companies for digitalization of their vessels, growth of the seaborne trade across the globe, need for situational awareness among fleet operators, and growth of the maritime tourism industry. Browse 145 market data Tables and 51 Figures spread through 183 Pages and in-depth TOC on "Connected Ship Market - Global Forecast to 2023" View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/connected-ship- market-177031595.html Based on ship type, the defense segment of the connected ship market is projected to grow at a higher CAGR than the commercial segment during the forecast period. Based on ship type, the connected ship market has been segmented into commercial and defense. The defense segment of the market is projected to grow at a higher CAGR than the commercial segment from 2018 to 2023. The growth of this segment of the market can be attributed to the extensive use of connected ships by the naval forces of different countries. Based on application, the fleet operations segment is projected to lead the connected ship market from 2018 to 2023. Based on application, the connected ship market has been segmented into fleet operations, fleet health monitoring, and vessel traffic management. The fleet operations segment is projected to lead the connected ship market

2. during the forecast period. The growth of this segment can be attributed to increased demand for real-time data exchange among different ships and ports by a number of merchant shipping companies. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=17703 1595 The Europe connected ship market is projected to grow at the highest CAGR during the forecast period. The connected ship market has been studied for North America, Europe, Asia Pacific, and the Rest of the World (RoW). The European region is projected to lead the connected ship market from 2018 to 2023. The growth of the Europe connected ship market can be attributed to the increased demand for autonomous ships and cruises from the region. Moreover, the European region is one of the prime consumers of marine electronic equipment as some of the leading shipbuilding countries such as Germany, France, Italy, and Russia are in this region. The key players operating in the connected ship market report are Northrop Grumman (US), General Electric (US), Wartsila (Finland), Kongsberg Grumman (Norway), and Marlink (Norway). Don’t miss out on business opportunities in Connected Ship Market. Speak to our analyst and gain crucial industry insights that will help your business grow. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging

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