Market Overview:
The global maritime traffic management system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for maritime traffic management systems from ports and waterways across the globe. Maritime traffic management systems are used for various purposes such as port security, waterways traffic management, coastal surveillance, navigation management, and others. These systems help in improving safety and security at ports and also help manage maritime traffic efficiently. The hardware segment is expected to hold the largest share of the global maritime traffic management system market during the forecast period. This can be attributed to the increasing demand for hardware components such as sensors, cameras, communication devices, etc., from ports and waterways across the globe.
Product Definition:
A maritime traffic management system (MTMS) is a computer-based system used by ports and shipping authorities to manage maritime traffic. MTMSs use radar, satellite imagery, and other sensors to track the position of ships in order to prevent collisions and organize vessel movements. MTMSs are also used to provide information on weather and sea conditions, as well as to manage port operations.
Hardware:
Hardware is the machinery and tools that are used to build a system. In our case, it would be the systems and software used in maritime traffic management.
Software Platform:
Software platform is a collection of software and tools that are used to design, develop, integrate, deploy and maintain maritime traffic management system. It includes computer programs such as Integrated Development Environment (IDE), Application Programming Interfaces (API), middleware etc. Software platform plays an important role in improving efficiency & effectiveness of marine transportation services by facilitating smooth flow of information between ships & ports which ultimately reduces waiting time at port for loading/unloading cargo.
Application Insights:
The platform deployment for the other applications segment such as coastal surveillance, navigation management and waterways traffic management accounted for a significant market share in 2017. The growth can be attributed to the growing need to manage maritime traffic and increase safety at sea. Furthermore, with an increasing number of vessels across the world, there is a need to deploy more capable platforms that can handle large volumes of data efficiently. These factors are expected to drive demand over the forecast period.
Coastal surveillance is anticipated to emerge as one of the prominent application segments over the forecast period owing to increased government spending on security along vital trade routes in Asia Pacific region. For instance, according these statistics provided by Japan Coast Guard; around USD 1 billion per year is spent on maritime security in China waters alone which represents a huge potential market for industry vendors if proper measures were taken regarding implementation and maintenance of software-based MTM systems in this region.
Regional Analysis:
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to the increasing demand for safe and efficient maritime transportation. The growing trade activities across this region have led to an increase in port calls, which has resulted in increased operational costs for shipping companies. Moreover, rising terrorist threats across this region have led governments of various countries to invest heavily in surveillance and coastal security systems. This trend is expected to drive the market growth over the forecast period.
North America held a substantial share of revenue share as of 2016 due to early adoption by some countries such as U.S.
Growth Factors:
- Increasing demand for maritime transportation: The global maritime trade is expected to grow at a CAGR of 3.8% from 2016 to 2020, reaching a total volume of 10,521 million metric tons by 2020. This growth is primarily attributed to the increasing demand for maritime transportation in developing countries and the rise in container traffic across major shipping routes.
- Proliferation of containerized cargo: The global containerized cargo traffic is projected to grow at a CAGR of 5% from 2016 to 2020, reaching a total volume of 494 million TEUs (twenty-foot equivalent units) by 2020. This growth can be attributed to the increase in international trade and the growing popularity of containers as an efficient mode of transport for goods.
- Development of new seaports and port modernization initiatives: There is an ongoing trend among countries around the world to develop new seaports and modernize their existing ports in order to cater to the rising demand for maritime transportation services. For instance, China has announced plans for constructing over 20 new seaports by 2020, while India has embarked on an ambitious port modernization program that aims at enhancing its overall port capacity significantly over the next few years. Such developments are likely to create opportunities for Maritime Traffic Management System providers in these regions/countries going forward..
Scope Of The Report
Report Attributes
Report Details
Report Title
Maritime Traffic Management System Market Research Report
By Type
Hardware, Software Platform, Support Services
By Application
Port Security, Waterways Traffic Management, Coastal Surveillance, Navigation Management, Others
By Companies
Saab, Thales Group, Lockheed Martin, Transas Marine, Marlan Maritime Technologies, Arlo Maritime, Frequentis, Ericsson, Elcome International, Xanatos Marine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Maritime Traffic Management System Market Report Segments:
The global Maritime Traffic Management System market is segmented on the basis of:
Types
Hardware, Software Platform, Support Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Port Security, Waterways Traffic Management, Coastal Surveillance, Navigation Management, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saab
- Thales Group
- Lockheed Martin
- Transas Marine
- Marlan Maritime Technologies
- Arlo Maritime
- Frequentis
- Ericsson
- Elcome International
- Xanatos Marine
Highlights of The Maritime Traffic Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software Platform
- Support Services
- By Application:
- Port Security
- Waterways Traffic Management
- Coastal Surveillance
- Navigation Management
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Maritime Traffic Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Maritime Traffic Management System (MTMS) is a system that helps to manage maritime traffic. It includes tools and procedures for managing the movement of ships, boats, and other vessels in safe and efficient ways.
Some of the major companies in the maritime traffic management system market are Saab, Thales Group, Lockheed Martin, Transas Marine, Marlan Maritime Technologies, Arlo Maritime, Frequentis, Ericsson, Elcome International, Xanatos Marine.
The maritime traffic management system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Maritime Traffic Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Maritime Traffic Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Maritime Traffic Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Maritime Traffic Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Maritime Traffic Management System Market Size & Forecast, 2020-2028
4.5.1 Maritime Traffic Management System Market Size and Y-o-Y Growth
4.5.2 Maritime Traffic Management System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software Platform
5.2.3 Support Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Port Security
6.2.2 Waterways Traffic Management
6.2.3 Coastal Surveillance
6.2.4 Navigation Management
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Maritime Traffic Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Maritime Traffic Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software Platform
9.6.3 Support Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Port Security
9.10.2 Waterways Traffic Management
9.10.3 Coastal Surveillance
9.10.4 Navigation Management
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software Platform
10.6.3 Support Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Port Security
10.10.2 Waterways Traffic Management
10.10.3 Coastal Surveillance
10.10.4 Navigation Management
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software Platform
11.6.3 Support Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Port Security
11.10.2 Waterways Traffic Management
11.10.3 Coastal Surveillance
11.10.4 Navigation Management
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software Platform
12.6.3 Support Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Port Security
12.10.2 Waterways Traffic Management
12.10.3 Coastal Surveillance
12.10.4 Navigation Management
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software Platform
13.6.3 Support Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Port Security
13.10.2 Waterways Traffic Management
13.10.3 Coastal Surveillance
13.10.4 Navigation Management
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Maritime Traffic Management System Market: Competitive Dashboard
14.2 Global Maritime Traffic Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saab
14.3.2 Thales Group
14.3.3 Lockheed Martin
14.3.4 Transas Marine
14.3.5 Marlan Maritime Technologies
14.3.6 Arlo Maritime
14.3.7 Frequentis
14.3.8 Ericsson
14.3.9 Elcome International
14.3.10 Xanatos Marine
