Market Overview:
The Global Vessel Traffic Management System 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 safety and security, rising maritime trade, and the need for efficient vessel traffic management systems across different applications. Based on type, the market is segmented into port management information systems, global maritime distress safety systems (GMDSS), river information systems (RIS), AtoN management & health monitoring systems, and others. The port management information system segment is expected to grow at the highest CAGR during the forecast period owing to the increasing demand for efficient port operations worldwide. Based on application, the market is segmented into commercial and defense applications.
Product Definition:
A Vessel Traffic Management System (VTMS) is a system used by maritime authorities to manage vessel traffic. A VTMS includes systems such as radar, Automatic Identification System (AIS), and Global Positioning System (GPS) receivers to track the positions of vessels in order to prevent collisions and other hazardous situations.
Port Management Information Systems:
Port management information systems (PMS) is a part of Vessel Traffic Management System (VTM), which is used for the purpose of traffic control and monitoring at ports. It provides real-time data about the vessel’s position, speed, direction, and other parameters to the concerned person or authority. The system also displays updates regarding containers location in port area along with their loading/unloading status.
Global Maritime Distress Safety Systems:
Global Maritime Distress Safety Systems (GMDSS) is a system that enables vessels to transmit their position, condition and request for help in case of emergency. The global market size was valued at USD 648.1 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2026. Increasing vessel traffic coupled with rising instances of marine accidents are the key factors driving the growth globally.
Application Insights:
The defense segment dominated the global market in terms of revenue in 2017. The growth can be attributed to the growing need for safety at sea and on land due to terrorist threats. Defense vessels use MODS to manage traffic, share information, and coordinate activities with other ships and aircrafts engaged in maritime operations.
Commercial vessel traffic management systems are widely used by shipping companies for scheduling trips efficiently while minimizing operating costs as well as increasing passenger satisfaction. These systems enable real-time tracking & communication between ships¢â‚¬â„¢ transponders, radar units & AIS devices, tugs/supply boats etc., which provides critical information regarding vessel location & status enabling quick response from rescue services or military if any act of piracy or terrorism occurs near shoreline.
Global MVTS market by region, 2016 (%) (source: Vessels Value Ltd.
Regional Analysis:
The Asia Pacific and North America regions are anticipated to dominate the global market over the forecast period. The growth in these regions can be attributed to rising government initiatives, increasing maritime transport activities, and growing awareness among end-users regarding GMDSS implementation. Moreover, stringent regulations pertaining to safety of navigation imposed by various regulatory bodies such as IMO are also expected to drive the demand for VTM systems in these regions.
Asia Pacific is characterized by a large number of ports with developing economies such as China and India at its forefront. These countries have one of the largest merchant marine fleets globally owing to rapid economic growth coupled with rising trade activities between different nations within this region which is further expected boost regional market growth over the next eight years (2030).
Growth Factors:
- Increasing demand for maritime transportation: The global vessel traffic is increasing day by day due to the increase in international trade. This is resulting in the growth of the vessel traffic management system market.
- Development of smart ports: To manage the increased number of vessels, many ports are adopting modern technologies such as VTS and AIS. This is driving the growth of the VTS market.
- Stringent safety regulations: Governments across different countries are implementing stringent safety regulations for maritime transportation owing to which, operators are compelled to adopt advanced vessel traffic management systems for safe navigation operations. This will fuel the demand for VTS systems in future years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Traffic Management System Market Research Report
By Type
Port Management Information Systems, Global Maritime Distress Safety Systems, River Information Systems, AtoN Management & Health Monitoring Systems
By Application
Commercial, Defense
By Companies
Kongsberg Gruppen, Transas, Thales Group, Leonardo, Saab, Indra Sistemas, Rolta India, Tokyo Keiki, Kelvin Hughes, L3 Technologies, Kongsberg Gruppen, Frequentis, Japan Radio, Terma, Vissim
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Vessel Traffic Management System Market Report Segments:
The global Vessel Traffic Management System market is segmented on the basis of:
Types
Port Management Information Systems, Global Maritime Distress Safety Systems, River Information Systems, AtoN Management & Health Monitoring Systems
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
Commercial, Defense
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:
- Kongsberg Gruppen
- Transas
- Thales Group
- Leonardo
- Saab
- Indra Sistemas
- Rolta India
- Tokyo Keiki
- Kelvin Hughes
- L3 Technologies
- Kongsberg Gruppen
- Frequentis
- Japan Radio
- Terma
- Vissim
Highlights of The Vessel 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:
- Port Management Information Systems
- Global Maritime Distress Safety Systems
- River Information Systems
- AtoN Management & Health Monitoring Systems
- By Application:
- Commercial
- Defense
- 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 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 Vessel Traffic Management System (VTS) is a system that uses radar, satellite, and other sensors to monitor and control the movements of vessels in coastal waters. VTS systems can help reduce traffic congestion and improve safety by warning operators of potential collisions or other hazardous situations.
Some of the major players in the vessel traffic management system market are Kongsberg Gruppen, Transas, Thales Group, Leonardo, Saab, Indra Sistemas, Rolta India, Tokyo Keiki, Kelvin Hughes, L3 Technologies, Kongsberg Gruppen, Frequentis, Japan Radio, Terma, Vissim.
The vessel traffic management system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vessel 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 Vessel Traffic Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vessel 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 Vessel 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 Vessel Traffic Management System Market Size & Forecast, 2020-2028
4.5.1 Vessel Traffic Management System Market Size and Y-o-Y Growth
4.5.2 Vessel 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 Port Management Information Systems
5.2.2 Global Maritime Distress Safety Systems
5.2.3 River Information Systems
5.2.4 AtoN Management & Health Monitoring Systems
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 Commercial
6.2.2 Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vessel 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 Vessel 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 Port Management Information Systems
9.6.2 Global Maritime Distress Safety Systems
9.6.3 River Information Systems
9.6.4 AtoN Management & Health Monitoring Systems
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 Commercial
9.10.2 Defense
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 Port Management Information Systems
10.6.2 Global Maritime Distress Safety Systems
10.6.3 River Information Systems
10.6.4 AtoN Management & Health Monitoring Systems
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 Commercial
10.10.2 Defense
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 Port Management Information Systems
11.6.2 Global Maritime Distress Safety Systems
11.6.3 River Information Systems
11.6.4 AtoN Management & Health Monitoring Systems
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 Commercial
11.10.2 Defense
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 Port Management Information Systems
12.6.2 Global Maritime Distress Safety Systems
12.6.3 River Information Systems
12.6.4 AtoN Management & Health Monitoring Systems
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 Commercial
12.10.2 Defense
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 Port Management Information Systems
13.6.2 Global Maritime Distress Safety Systems
13.6.3 River Information Systems
13.6.4 AtoN Management & Health Monitoring Systems
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 Commercial
13.10.2 Defense
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 Traffic Management System Market: Competitive Dashboard
14.2 Global Vessel Traffic Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kongsberg Gruppen
14.3.2 Transas
14.3.3 Thales Group
14.3.4 Leonardo
14.3.5 Saab
14.3.6 Indra Sistemas
14.3.7 Rolta India
14.3.8 Tokyo Keiki
14.3.9 Kelvin Hughes
14.3.10 L3 Technologies
14.3.11 Kongsberg Gruppen
14.3.12 Frequentis
14.3.13 Japan Radio
14.3.14 Terma
14.3.15 Vissim
