Connected Ship Solutions Market

By Ship Type;

Commercial and Defense

By Component;

Hardware, Software, and Services

By Fit;

Line Fit, Retrofit, and Hybrid Fit

By Application;

Vessel Traffic Management, Fleet Health Monitoring, Fleet Operation, and Other

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn773482309 Published Date: August, 2025

Connected Ship Solutions Market Overview

Connected Ship Solutions Market (USD Million)

Connected Ship Solutions Market was valued at USD 7,547.27 million in the year 2024. The size of this market is expected to increase to USD 10,789.42 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.


Connected Ship Solutions Market

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 7,547.27 Million
Market Size (2031)USD 10,789.42 Million
Market ConcentrationMedium
Report Pages346
7,547.27
2024
10,789.42
2031

Major Players

  • ABB Ltd.
  • Emerson Electric Co.
  • General Electric Co.
  • Northrop Grumman Corp.
  • Siemens AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Connected Ship Solutions Market

Fragmented - Highly competitive market without dominant players


The Connected Ship Solutions Market is advancing with sensor-equipped hulls, satellite telemetry, and analytics-backed control systems. More than 50% of vessels now demonstrate capabilities like engine health tracking, fuel efficiency analysis, and remote performance tuning. These technological advancements create opportunities to increase uptime, cut fuel costs, and strengthen onboard safety protocols.

Collaborative Ecosystems Powering Connected Vessels
Vessel management firms are establishing partnerships with communication operators, port tech providers, and system integrators to create cohesive maritime infrastructures. Nearly 45% of deployments feature unified interfaces for routing, cargo tracking, and fleet communication. These strategies enable quicker rollout, ensure standardized connectivity, and support scalable fleet operations.

Opportunities and a Futuristic Vessel Vision
Fleet operators seeking emissions tracking, continuous crew welfare, and self-adjusting navigation systems are finding key opportunities. About 55% of solutions offer auto-trim optimization, engine health alerts, and route re-planning. The future outlook points to vessels capable of self-correcting operations, supporting offshore automation, and delivering eco-efficient voyages.

Innovation-Driven Strategies Supporting Maritime Growth
In this sector, firms are adopting strategies like edge analytics, remote patching, and developer-friendly APIs. Over 60% of newer platforms support fuel mix recommendations, real-time weather rerouting, and onboard digital twins. These innovations are propelling growth and enabling expansion into autonomous shipping, offshore energy support, and cruise integration services.

  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 Component
    3. Market Snapshot, By Fit
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Connected Ship Solutions Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Adoption of IoT and Big Data Analytics in Shipping
        2. Expansion of the Global Shipping Industry
        3. Enhanced Connectivity and Integration with Onshore Operations
      2. Restraints
        1. Technical Challenges and Compatibility Issues
        2. Limited Skilled Workforce for Advanced Technologies
        3. Regulatory and Standardization Issues
      3. Opportunities
        1. Collaborations and Partnerships for Technological Innovations
        2. Increased Investment in Smart Port Infrastructure
        3. Adoption of Blockchain for Enhanced Security and Transparency
    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 Solutions Market, By Ship Type, 2021- 2031(USD Million)
      1. Commercial
      2. Defense
    2. Connected Ship Solutions Market, By Component, 2021- 2031(USD Million)

      1. Hardware

      2. Software

      3. Services

    3. Connected Ship Solutions Market, By Fit, 2021- 2031(USD Million)

      1. Line Fit

      2. Retrofit

      3. Hybrid Fit

    4. Connected Ship Solutions Market, By Application, 2021- 2031(USD Million)

      1. Vessel Traffic Management

      2. Fleet Health Monitoring

      3. Fleet Operation

      4. Other

    5. Connected Ship Solutions 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. ABB Ltd
      2. Emerson Electric Co
      3. General Electric Co
      4. Northrop Grumman Corp
      5. Siemens AG
  7. Analyst Views
  8. Future Outlook of the Market