A detailed Connected Ship Market SWOT analysis provides strategic information on the strengths and weaknesses of key players in the market, categories and country growth prospects, challenges and intimidation from current competition and future growth prospects, and global and regional market positions.
Connected Ship are used for transferring the cargo among seagoing ships situated beside each other, while underway or stationary. The connected ship technology are installed in commercial and defense cargo ship either in line fit or retrofit installation type for several applications such as vessel traffic management, fleet operations, fleet health operations and others. Some of the major drivers which further fuels the connected ship market in the forecast period are growing seaborne trade worldwide, rising maritime tourism industry and augmented budgets of shipping companies for the adoption of digitalization of vessels.
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Top Dominating Key Players: General Electric Company, ABB Group, Kongsberg Gruppen, The Emerson Electric Company, Hyundai Heavy Industries Co., Ltd., Siemens AG, Northrop Grumman Corporation, Rockwell Automation, Inc., Schneider Electric SE and Wärtsilä Oyj Abp among others.
The high cost marine broadband connectivity, lack of skilled personnel to operate and handle connected ships and digitalization concentrates connected ships vulnerable to cyber threats are some of the factors which may hamper the connected ship market. However, the mounting technological advancement, growing adoption of Vessel Traffic Services (VTS) by shipping companies and Situational awareness necessity of fleet operators across various region are creating opportunities which will increase the demand of connected ship in the forecast period.
The reports cover key developments in the Connected Ship Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Connected Ship Market are anticipated to lucrative growth opportunities in the future with the rising demand for Vehicle Electrification market in the global market.
Connected Ship Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2019 – 2027, considering 2019 as the base year and 2019 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
This report contains:
- Market sizing for the global Connected Ship
- Compare major Connected Ship providers strategies and approaches to the challenges they face
- Analysis of the effects de-globalisation trends may have for Connected Ship providers
- Profiles of major Connected Ship providers
- 7-year CAGR forecasts for Connected Ship -intensive vertical sectors
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This post was originally published on The Picayune Current