The marine sector is a critical component of the global economy. Over 80% of the volume of the world's international trade is carried by sea. There is increasing interest from governments and corporations to transition from fossil fuel-powered vessels to electric ships to reduce the carbon footprint.
Globally, the Electric Ship Market is projected to grow from USD 4.9B in 2021 to USD 12.8B by 2030. There is an urgent need for solutions to monitor and manage the operation of electric vessels. Reliable communication networks are a critical foundation for the electrification of the marine sector.