Connected Ship Market Report 2026

The connected ship market size has grown strongly in recent years. It will grow from $7.63 billion in 2025 to $8.14 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to global maritime trade growth, adoption of satellite communications, fleet digitization initiatives, safety compliance requirements, naval modernization programs.

The connected ship market size is expected to see strong growth in the next few years. It will grow to $10.65 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to smart shipping adoption, autonomous vessel development, cybersecurity investments, demand for real-time fleet visibility, decarbonization monitoring. Major trends in the forecast period include growth of satellite-based ship connectivity, adoption of fleet health monitoring, expansion of vessel traffic management, integration of predictive analytics, focus on maritime safety and security.

The rise in seaborne trade is expected to drive the connected ship market going forward. Seaborne trade involves the transportation of cargo by ship, including goods such as food, technology, and medicine. Affordable and efficient maritime transport is critical for global trade, economic growth, and sustainable development. For instance, in July 2024, according to the International Energy Agency, Paris-based autonomous intergovernmental organization, seaborne trade reached about 1.38 billion tons in 2023, slightly surpassing 1.5 billion tons, marking historical highs. Therefore, the surge in seaborne trade is boosting the connected ship market.

Major companies operating in the connected ship market are focusing on strategic investments to strengthen their position in the market. 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 allocated to research and invest 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 centre in Singapore, Fleet Data-To-Knowledge (D2K) Centre, to monitor its harbour tug fleet and uses simulators to train its marine crew there. Using digitalisation technologies and wall-length screens, PSA Marine observes harbour tug positioning, operations, fuel consumption and machinery health while managing the scheduling and deployment of its tugs inhouse. It can visualise 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 masters to optimise operations and improve efficiency.

In December 2023, Wilh. Wilhelmsen Holding ASA, a Norway-based shipping company, acquired ZEABORN Ship Management GmbH & Cie. KG for an undisclosed amount. This acquisition aims to strategically enhance the market presence of Wilhelmsen and MPC Capital's ship management by significantly expanding their operational capacity and client base, allowing them to provide high-quality services to a fleet of over 150 vessels. ZEABORN Ship Management GmbH & Cie. KG is a Germany-based third-party ship management company that manages vessels for its clients and offers connected ship services.

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.

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. The countries covered in the connected ship market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The connected ship market consists of sales of container ships, bulk carrier, tanker ships, passenger ships and naval ships. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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