Latest news with #MaritimeIndustry
Yahoo
11-08-2025
- Business
- Yahoo
Connected Ship Market to Reach $17.2 Billion by 2028
Delray Beach, FL, Aug. 10, 2025 (GLOBE NEWSWIRE) -- The report "Connected Ship Market by Application (Vessel Traffic Management, Fleet Operation, Fleet Health Monitoring, Other Applications), Installation (Onboard, Onshore), Platform (Ships, Ports) & Fit (Line Fit, Retrofit, Hybrid Fit) and Global Forecast to 2028" The Connected Ship market is estimated at USD 11.3 billion in 2023 and is projected to reach USD 17.2 billion by 2028, at a CAGR of 7.7 % from 2023 to 2028. The growth can be attributed to the increasing need for connected ship for commercial applications and navy missions. The demand for enhanced safety and security in maritime industry is driving the market for Connected Ship. The maritime industry is developing rapidly by building digitalized vessels with all advanced technologies to improve the efficiency of ship in maritime. Government support and growing investments are propelling the development of advanced ships, further boosting the growth of the Connected Ship Industry. Download PDF Brochure: Major Key Players in the Connected Ship Industry: ABB (Switzerland), Emerson Electric Co. (US), Wartsila (Finland), Kongsberg Gruppen ASA (Norway), and Thales Group (France). Connected Ship Market Segmentation: The Fleet Operation segment held the largest growth rate in the Connected Ship market by application. Fleet Operation Segment to hold the highest growth rate during the forecast period. These are widely adopted technological applications to provide real time data access and fleet optimization. Additionally, they can be easily employed on commercial and defence ship. Easy deployment and enhanced efficiency to drive the market for the segment. The Connected Ship Line fit segment is expected to account for the largest share of Connected Ship by Fit in 2023. By Fit, the Connected Ship market is segmented into Line fit, Retrofit and Hybrid fit. The line fit offer the installation of connected ship technology in new ship during its construction. Line fit provides more cost-effective installation process and is more seamlessly integrated into the ship systems, as the technology is designed to work with the ship existing architecture. The Onboard segment of the Connected ship market by installation is projected to dominate the market. The Connected ship market based on the installation is segmented into Onboard and Onshore. Onboard segment to hold the highest market and Onshore segment to hold the highest growth rate during the forecast period. The rapid development in the connected ship of maritime to enhanced safety and security is driving the growth of the market. Asia Pacific is to hold the highest growth rate in 2023. The Connected Ship market industry has been studied in North America, Europe, Asia Pacific, Rest of the World. The Asia Pacific region accounts for the highest growth rate during the forecast period due to the presence of major Ship Building companies in the region to enhance the growth of the market. China is expected to show the highest growth rate and highest market share of Asia Pacific Region for Connected Ship market. Increase in rise of demand for Connected ship for commercial and Défense drives the Connected Ship market in Asia Pacific Region. Ask for Sample Report: Connected Ship Market Key Takeaways By embracing digital transformation, shipowners are increasingly adopting connected technologies to improve operational efficiency, safety, and real-time decision-making at sea. By integrating advanced systems such as vessel traffic management and fleet operations centers, naval defence and commercial operators are enhancing situational awareness and security. By leading global demand, the commercial segment—especially in cargo and container ships—is seeing rapid adoption of connected systems to optimize route planning and fuel usage. By strengthening maritime Défense capabilities, naval forces are deploying connected technologies to improve communication, combat readiness, and data-sharing across fleets. By enabling centralized monitoring and predictive maintenance, the vessel infrastructure segment is gaining momentum, helping reduce downtime and lifecycle costs. By accounting for a significant market share, Europe is emerging as a key region, driven by its strong maritime presence and emphasis on technological upgrades in shipping fleets. By advancing satellite and cloud-based communication systems, connected ships are now able to maintain continuous data exchange, even in remote ocean regions. By supporting safer and more efficient maritime operations, the rise of cybersecurity and integrated platform management systems is transforming how ships are managed and maintained. CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@ Visit Our Website: in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
16-06-2025
- Business
- Associated Press
Access Fixtures Introduces AFFO - High-Performance Marine-Grade LED Flanking Lights
AFFO LED flanking lights deliver durable, high-performance lighting with a marine-grade finish, IP66+, IK10, and 3G ratings for marine environments. 'Flanking lights play a crucial role in shipboard safety and efficiency. The AFFO series exceeds industry standards and is built to last, engineered for real-world performance.'— Steven Rothschild, CEO WORCESTER, MA, UNITED STATES, June 16, 2025 / / -- Access Fixtures, a leader in commercial and industrial lighting, announces the launch of AFFO LED Flanking Lights, a spec-grade lighting solution engineered specifically for maritime environments. Featuring marine-specific design, verified durability, and industry-leading longevity and performance, AFFO flanking lights are built to outperform in the most demanding conditions, on vessels, in ports, and across offshore platforms. With wattage options from 10 watts to 2400 watts, lumen outputs exceeding 300,000 lumens, and efficiency up to 160 lumens per watt, AFFO flanking lights deliver intense, focused illumination for critical shipboard operations, including navigation, shoreline lighting, submerged hazard avoidance, and work area illumination. Marine-Specific Design AFFO LED flanking lights are purpose-engineered for marine deployment. Every component, feature, and form factor is designed to perform on vessels where conditions demand precision, adaptability, and reliability. Precision Optics: Includes a patented spill light control system with 15+ optic options from T2S–T90D, including left/right rotation, to provide precise, glare-free lighting at long distances. Customizable Light Output: Offers Kelvin temperatures from 2200K to 590nm amber, including wildlife- and turtle-friendly options to meet project-specific and environmental requirements. Advanced Control & Mounting: Compatible with 1-10-volt dimming, DALI, and emergency power; installs with T-mount, U-mount, or L-mount slip fitter for complete on-site versatility. Lasting Durability AFFO flanking lights are engineered to withstand salt, moisture, vibration, impact, and extreme temperatures—without compromise. Marine-Grade Finish: Features AkzoNobel powder coating and passes ASTM B117-2018 testing for 5,000+ hours of continuous salt spray resistance, protecting against corrosion. Impact & Vibration Resistant: Constructed from heavy-gauge aluminum with IK10-rated glass-free polycarbonate lenses and tested to ANSI C136.31 3G vibration standards for shipboard motion. Weatherproof & Surge Protected: Rated IP66+ with IP68 airtight testing at 30KPa and built-in 10KA surge protection (20KA optional) to ensure protection from waves, spray, and unstable generator power. EXTREME-LIFE & Performance AFFO flanking lights deliver years of maintenance-free performance, even under extreme conditions, without sacrificing output or reliability. EXTREME-LIFE Rating: Certified L70 @ 200,000 hours, providing long-lasting brightness with minimal degradation over time—ideal for continuous-use maritime operations. Redundant Module Design: Features multiple LED drivers and independently wired modules, meaning if one module fails, others continue to function, eliminating full fixture shutdown. High Lumen Output & Efficiency: With up to 160 LPW, AFFO produces over 300,000 lumens per unit, supported by open architecture and thermal management to ensure stable, efficient operation. Field-Tested Across Oceans AFFO flanking lights were deployed aboard a commercial fishing vessel traveling from Spain to Panama and into the Pacific Ocean. Throughout an 8-month transoceanic journey, the fixtures endured continuous salt spray, vibration, harsh weather, and daily use, performing flawlessly while a competitor's fixture failed due to corrosion. This test confirms AFFO's exceptional real-world reliability and performance in continuous marine operation. AFFO flanking lights integrate high-output performance with engineering precision. Available in wattages from 10 watts to 2400 watts, these fixtures produce up to 300,000 lumens using advanced thermal management and a modular open-architecture design. Various optics options enable custom beam shaping, while robust construction ensures compliance with IP66, IP68 (airtight), IK10, ANSI 3G vibration, and ASTM B117-2018 salt spray standards. AFFO's multiple-driver system and redundant LED module wiring provide fail-safe operation. Surge protection up to 10KA is built in, with 20KA available. Compatible with dimming and control protocols such as DALI, AFFO flanking lights are designed to adapt to mission-critical marine lighting needs. Each AFFO flanking light is backed by a 5-year warranty, providing peace of mind alongside superior performance. About Access Fixtures Access Fixtures is a leading provider of commercial, industrial, and sports lighting. With a focus on performance, quality, and reliability, Access Fixtures designs and manufactures high-performance LED lighting solutions that meet the toughest application demands. Visit to learn more. Steven Rothschild Access Fixtures +1 800-468-9925 email us here Visit us on social media: LinkedIn Instagram Facebook YouTube TikTok X Other Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. 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