Connected Ship Market to reach $10.1 billion by 2035
Connected ship market was valued at $5.4 billion in 2025 and is expected to reach $10.1 billion by 2035, expanding at a CAGR of 6.6% during the forecast period from 2026 to 2035. The market is expanding due to the increasing digitalization of maritime operations and the rising need for real-time monitoring and operational efficiency. According to the International Telecommunication Union (ITU), global internet users reached 6 billion people, representing around 75% of the population, with more than 240 million new users added in 2025. Additionally, 5G coverage has expanded to approximately 55% of the global population, reflecting rapid advancements in connectivity infrastructure. This growth in global connectivity is indirectly accelerating the adoption of connected ship technologies, particularly satellite communication systems and IoT-enabled solutions. These technologies enable seamless data exchange, improved navigation, and enhanced fleet management capabilities. Furthermore, the growing emphasis on fuel efficiency, regulatory compliance, and predictive maintenance is driving investments in advanced maritime digital solutions. As a result, connected ship technologies are becoming increasingly essential across global maritime industries.
Browse the full report description of “Connected Ship Market Size, Share & Trends Analysis Report by Technology (IoT & Sensor Networks, Satellite Communication Technology, Cloud Computing & Edge Computing, Big Data Analytics & AI, Blockchain), by Application (Fleet Operations Management, Asset & Equipment Monitoring, Navigation & Route Optimization, Crew Welfare & Communication, Safety & Security), by End-User (Shipping Companies, Port Authorities, Oil & Gas Offshore Operators, Naval/Defense Organizations), and Forecast Period (2026–2035)” at https://www.omrglobal.com/industry-reports/connected-ship-market
Innovation Leaders Transforming the Connected Ship Market
The key players in the connected ship market include top companies such as Siemens AG, Raytheon Technologies, Hyundai Heavy Industries Co., Ltd., General Dynamics Corporation, and Northrop Grumman Corporation, among others. The market is witnessing steady growth driven by increasing adoption of smart navigation systems, real-time fleet monitoring, and satellite-based communication technologies. Shipping companies and naval organizations are investing in digital platforms to enhance operational efficiency, safety, and crew connectivity. Additionally, advancements in AI-driven analytics and edge computing are enabling predictive maintenance and route optimization, transforming maritime operations.
- In March 2026, Wärtsilä Corporation reported that increasing regulatory pressure around decarbonization is driving shipping companies to adopt more data-driven and flexible investment strategies. The survey highlighted that nearly 70% of maritime leaders face challenges in prioritizing investments due to uncertainty, while emphasizing the growing role of operational data, predictive maintenance, and digital collaboration in improving vessel efficiency and long-term performance.
- In February 2026, Kongsberg Gruppen announced the strategic demerger of its maritime division, positioning Kongsberg Maritime as an independent company to strengthen its focus on advanced maritime technologies and digital solutions. The company highlighted that its systems are installed on over 30,000 vessels globally, supporting navigation, automation, and operational efficiency.
- In November 2025, Thales Group unveiled its next-generation WaveLINK Global Maritime Distress and Safety System (GMDSS) solution, designed to enhance onboard connectivity, safety communication, and real-time maritime data exchange. The system integrates satellite communication, distress alerting, and ship tracking capabilities, supporting the evolution of digitally connected vessels
Market Coverage
- The market number available for – 2025–2035
- Base year- 2025
- Forecast period- 2026–2035
- Segment Covered-
- By Technology
- By Application
- By Vessel Type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Siemens AG, Raytheon Technologies, Hyundai Heavy Industries Co., Ltd., General Dynamics Corporation, and Northrop Grumman Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Connected Ship Market Report Segment
By Technology
- IoT & Sensor Networks
- Satellite Communication Technology
- Cloud Computing & Edge Computing
- Big Data Analytics & AI
- Blockchain
By Application
- Fleet Operations Management
- Asset & Equipment Monitoring
- Navigation & Route Optimization
- Crew Welfare & Communication
- Safety & Security
By Vessel Type
- Commercial Vessels
- Passenger Vessels
By End-User
- Shipping Companies
- Port Authorities
- Oil & Gas Offshore Operators
- Naval/Defense Organizations
Global Connected Ship Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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