PUNEE INDIA, March 9, 2023 (GLOBE NEWSWIRE) — The Connected ships market Size was USD 6.05 billion in 2020. The market is expected to grow from USD 6.23 billion in 2021 to USD 8.83 billion in 2028 at a CAGR of 5.11% over the period 2021-2028 . This important information is titled by Fortune Business Insights™ in its report “Connected Vessels Market, 2021-2028.” Factors such as improved safety, security, navigation efficiency and increasing expansive activities are expected to drive the market growth over the forecast period. Furthermore, the immense control over critical ship operations and ship condition monitoring will increase the presence of the market. The report also provides a detailed analysis of the various applications of connected vessels, including fleet management, vessel tracking and monitoring, environmental monitoring, safety and security, and others. It offers insights into the current and future market trends as well as the growth potential of the individual application segments.

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Connected ships refer to ships equipped with advanced technologies that enable them to communicate and exchange information with other ships as well as with shore-based facilities. These technologies may include, but are not limited to, satellite communications systems, Internet of Things (IoT) sensors, and advanced analytics software. The aim of connected ships is to improve the efficiency, safety and sustainability of maritime transport by enabling real-time data exchange, improved situational awareness and optimized decision-making. By harnessing the power of digital technologies, connected ships can help shipping companies streamline operations, reduce costs and minimize their environmental impact. In addition, connected ships can improve crew well-being by providing real-time access to critical information and support…