Global Connected Ship Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Ship Type;

Commercial and Defense.

By Installation;

Onboard and Onshore.

By Application;

Vessel Traffic Management, Fleet Operations, and Fleet Health Monitoring.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn520381709 Published Date: May, 2025 Updated Date: June, 2025

Connected Ship Market Overview

Connected Ship Market (USD Million)

Connected Ship Market was valued at USD 7,055.77 million in the year 2024. The size of this market is expected to increase to USD 9,160.65 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%


Global Connected Ship Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.8 %
Market Size (2024)USD 7,055.77 Million
Market Size (2031)USD 9,160.65 Million
Market ConcentrationHigh
Report Pages301
7,055.77
2024
9,160.65
2031

Major Players

  • Northrop Grumman Corporation
  • Wärtsilä Corporation
  • Kongsberg Gruppen AS
  • Marlink AS
  • General Electric Co.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Connected Ship Market

Fragmented - Highly competitive market without dominant players


The Connected Ship Market is experiencing strong momentum due to the increasing reliance on real-time data and automated navigation systems within maritime operations. As vessels become more technologically advanced, the demand for integrated communication platforms, sensor networks, and cloud-based analytics has significantly grown. Over 55% of fleet operators are now investing in smart connectivity solutions to optimize performance and reduce downtime.

Integration of IoT and Digital Solutions
The incorporation of IoT-enabled systems onboard ships is transforming how maritime operations are managed and monitored. With over 60% of modern ships deploying digital twin models and connected sensors, data-driven decisions are now central to marine logistics. These solutions are enhancing fuel efficiency, predictive maintenance, and crew safety, making digital transformation a core strategic priority in the sector.

Enhanced Fleet Management and Operational Control
Adoption of centralized monitoring systems and remote diagnostics is revolutionizing fleet management in the shipping industry. Nearly 50% of commercial shipping operations now rely on connected platforms to access real-time data from various shipboard systems. This integration allows for improved route planning, engine diagnostics, and regulatory compliance, streamlining overall ship operations.

Future Growth through Automation and Analytics
The shift toward automated shipping and AI-based analytics continues to shape the connected ship landscape. Currently, more than 40% of investment in maritime technologies is directed toward enhancing automated decision-making and analytics platforms. This trend is driving higher efficiency, reduced human intervention, and a smarter maritime ecosystem poised for consistent growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Ship Type
    2. Market Snapshot, By Installation
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Connected Ship Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements

        2. Operational Efficiency

        3. Environmental Regulations

      2. Restraints
        1. High Initial Costs

        2. Cybersecurity Threats

        3. Regulatory Compliance Issues

      3. Opportunities
        1. Big Data Analytics

        2. AI Integration

        3. Remote Monitoring

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Connected Ship Market, By Ship Type, 2021 - 2031 (USD Million)
      1. Commercial

      2. Defense

    2. Connected Ship Market, By Installation, 2021 - 2031 (USD Million)

      1. Onboard

      2. Onshore

    3. Connected Ship Market, By Application, 2021 - 2031 (USD Million)
      1. Vessel Traffic Management

      2. Fleet Operations

      3. Fleet Health Monitoring

    4. Connected Ship Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Northrop Grumman Corporation
      2. Wärtsilä Corporation
      3. Kongsberg Gruppen AS
      4. Marlink AS
      5. General Electric Co.
  7. Analyst Views
  8. Future Outlook of the Market