Connected Ship Market Share, Size, Growth Analysis and Industry Overview 2024-2032
The latest report by IMARC Group, titled “ Connected Ship Market Report by Ship Type (Commercial, Defense), Installation Type (Onboard, Onshore), Fit (Line Fit, RetroFit), Application (Vessel Traffic Management, Fleet Operations, Fleet Health Monitoring), and Region 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the connected ship market share . Connected Ship Market Analysis- The global connected ship market reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.59% during 2024-2032. Factors Affecting the Growth of the Connected Ship Industry: Technological Advancements in Maritime Connectivity: Technological advancements in maritime connectivity are a primary factor driving the growth of the connected ship industry. Innovations in satellite communication, 5G networks, and the Internet of Things (IoT) have significantly improved data transmission