Market Overview:
The Global Vessel Tracking Systems Market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for maritime security and safety, rising trade and commerce, and the growing popularity of IoT-based vessel tracking systems. The market is segmented by type into long range identification & tracking, automated identification systems (AIS), synthetic-aperture radar (SAR), and others. The AIS segment is expected to grow at the highest CAGR during the forecast period owing to its advantages such as low installation cost, easy integration with existing systems, real-time tracking of vessels, and collision avoidance capabilities. By application, the market is divided into government sector, defense sector commercial sector. The government sector held the largest share in 2017 owing to increased spending on maritime security by governments across different regions worldwide.
Product Definition:
A vessel tracking system is a technology used to track the movement of ships and boats. The systems use a variety of methods to track vessels, including satellite navigation, AIS (automatic identification system), and radar. Vessel tracking systems are important for maritime safety, security, and efficiency. They allow shipping companies and port authorities to keep track of vessels in their area, identify potential hazards, and optimize shipping routes.
Long Range Identification & Tracking:
Long-range identification and tracking (LRIT) is a new term in the vessel tracking systems market. It includes techniques such as automatic identification, ship track prediction, and long-range position accuracy. LRIT plays an important role in supply chain management for both online & offline modes of transportation. The factors that propel the growth of this segment include increasing demand for global trade along with growing security concerns among consumers regarding product delivery.
Automated Identification Systems:
Automated identification systems are used in vessel tracking systems to provide information about vessels such as type, position, and speed. Vessels can be automatically identified by the system using various methods including ship or boat name or number, signal type (radar based or satellite-based), and transponder code. The automated identification system provides data that is very helpful for the shipping industry to manage its business effectively.
Application Insights:
The defense segment dominated the global vessel tracking systems market in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to increasing maritime security concerns, coupled with a growing need for monitoring vessels that transport illegal immigrants or drugs across international waters. Moreover, governments are increasingly deploying these systems on their own ships as they offer enhanced operational capabilities and facilitate real-time communication between operators and ships.
Vessels engaged in intermodal transportation have also increased the adoption of VTS as it provides accurate information regarding cargo movement along with other related details such as date & time stamp, origin & destination points etc., which is beneficial for logistics companies providing services across various industries such as automotive/transportation & energy among others.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing maritime activities in countries such as China, India, and Singapore. Furthermore, rising instances of marine accidents have resulted in increased adoption of VTS systems across this region.com in 2017, there were 1,991 marine deaths recorded in Southeast Asian waters between 2010 and 2015 which constituted approximately 23% of all maritime fatalities during that period.
The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to stringent regulations regarding ship safety implemented by various regulatory bodies such as IMO (International Maritime Organization) and ERSI (European Regulators for Safety & Health at Work).
Growth Factors:
- Increasing demand for maritime transportation: The global trade is growing at a rapid pace and the seaborne trade is playing an important role in it. According to the World Bank, global merchandise trade has grown from trillion in 1995 to trillion in 2015 and it is expected to grow further in the coming years. This is driving the demand for maritime transportation and vessel tracking systems market as well.
- Proliferation of containerization: Containerization has revolutionized maritime transport by making it faster, more efficient, and cost effective. It has led to a surge in container traffic over the past few decades and this trend is likely to continue in the future as well, thereby boosting demand for vessel tracking systems market.
- Stringent safety regulations: With increasing concerns over safety of crew members and cargo, governments are implementing stringent safety regulations governing maritime transport operations. These regulations are mandating installation of vessel tracking systems on board ships which is benefiting the growth of this market significantly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Tracking Systems Market Research Report
By Type
Long Range Identification & Tracking, Automated Identification Systems, Synthetic-Aperture Radar, Others
By Application
Government, Defense, Commercial
By Companies
Big Ocean Data, ORBCOMM, SAAB Group, Harris Corporation, Echol Tech Pte Ltd., Garmin International, Wartsila Oyb Abp, CNS Systems AB, Raytheon Company, L-3 Communication Holding
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Vessel Tracking Systems Market Report Segments:
The global Vessel Tracking Systems market is segmented on the basis of:
Types
Long Range Identification & Tracking, Automated Identification Systems, Synthetic-Aperture Radar, Others
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
Government, Defense, Commercial
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:
- Big Ocean Data
- ORBCOMM
- SAAB Group
- Harris Corporation
- Echol Tech Pte Ltd.
- Garmin International
- Wartsila Oyb Abp
- CNS Systems AB
- Raytheon Company
- L-3 Communication Holding
Highlights of The Vessel Tracking Systems 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:
- Long Range Identification & Tracking
- Automated Identification Systems
- Synthetic-Aperture Radar
- Others
- By Application:
- Government
- Defense
- Commercial
- 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 Vessel Tracking Systems 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?
Vessel tracking systems are a type of maritime navigation system that uses satellites to track the movement of vessels. These systems can be used to monitor the location, speed, and direction of ships at all times. Vessel tracking systems can also provide real-time updates on ship movements, which can help improve safety and efficiency in maritime traffic.
Some of the key players operating in the vessel tracking systems market are Big Ocean Data, ORBCOMM, SAAB Group, Harris Corporation, Echol Tech Pte Ltd., Garmin International, Wartsila Oyb Abp, CNS Systems AB, Raytheon Company, L-3 Communication Holding.
The vessel tracking systems 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 Vessel Tracking Systems 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 Vessel Tracking Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vessel Tracking Systems 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 Vessel Tracking Systems 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 Vessel Tracking Systems Market Size & Forecast, 2018-2028
4.5.1 Vessel Tracking Systems Market Size and Y-o-Y Growth
4.5.2 Vessel Tracking Systems Market Absolute $ Opportunity
Chapter 5 Global Vessel Tracking Systems 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 Vessel Tracking Systems Market Size Forecast by Type
5.2.1 Long Range Identification & Tracking
5.2.2 Automated Identification Systems
5.2.3 Synthetic-Aperture Radar
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vessel Tracking Systems 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 Vessel Tracking Systems Market Size Forecast by Applications
6.2.1 Government
6.2.2 Defense
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vessel Tracking Systems 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 Vessel Tracking Systems 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 Vessel Tracking Systems Analysis and Forecast
9.1 Introduction
9.2 North America Vessel Tracking Systems 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 Vessel Tracking Systems Market Size Forecast by Type
9.6.1 Long Range Identification & Tracking
9.6.2 Automated Identification Systems
9.6.3 Synthetic-Aperture Radar
9.6.4 Others
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 Vessel Tracking Systems Market Size Forecast by Applications
9.10.1 Government
9.10.2 Defense
9.10.3 Commercial
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 Vessel Tracking Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Vessel Tracking Systems 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 Vessel Tracking Systems Market Size Forecast by Type
10.6.1 Long Range Identification & Tracking
10.6.2 Automated Identification Systems
10.6.3 Synthetic-Aperture Radar
10.6.4 Others
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 Vessel Tracking Systems Market Size Forecast by Applications
10.10.1 Government
10.10.2 Defense
10.10.3 Commercial
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 Vessel Tracking Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vessel Tracking Systems 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 Vessel Tracking Systems Market Size Forecast by Type
11.6.1 Long Range Identification & Tracking
11.6.2 Automated Identification Systems
11.6.3 Synthetic-Aperture Radar
11.6.4 Others
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 Vessel Tracking Systems Market Size Forecast by Applications
11.10.1 Government
11.10.2 Defense
11.10.3 Commercial
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 Vessel Tracking Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Vessel Tracking Systems 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 Vessel Tracking Systems Market Size Forecast by Type
12.6.1 Long Range Identification & Tracking
12.6.2 Automated Identification Systems
12.6.3 Synthetic-Aperture Radar
12.6.4 Others
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 Vessel Tracking Systems Market Size Forecast by Applications
12.10.1 Government
12.10.2 Defense
12.10.3 Commercial
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) Vessel Tracking Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vessel Tracking Systems 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) Vessel Tracking Systems Market Size Forecast by Type
13.6.1 Long Range Identification & Tracking
13.6.2 Automated Identification Systems
13.6.3 Synthetic-Aperture Radar
13.6.4 Others
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) Vessel Tracking Systems Market Size Forecast by Applications
13.10.1 Government
13.10.2 Defense
13.10.3 Commercial
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 Vessel Tracking Systems Market: Competitive Dashboard
14.2 Global Vessel Tracking Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Big Ocean Data
14.3.2 ORBCOMM
14.3.3 SAAB Group
14.3.4 Harris Corporation
14.3.5 Echol Tech Pte Ltd.
14.3.6 Garmin International
14.3.7 Wartsila Oyb Abp
14.3.8 CNS Systems AB
14.3.9 Raytheon Company
14.3.10 L-3 Communication Holding
