Market Overview:
The global vessel traffic services (VTS) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing maritime trade and the need for safe and efficient navigation. The port service segment is expected to be the fastest-growing application segment during the forecast period, owing to the increase in maritime trade and development of new ports across the globe. In terms of region, Asia Pacific is projected to be the fastest-growing market during 2018–2030, followed by Europe and North America.
 Industry Outlook.svg)
Product Definition:
A Vessel Traffic Service is a system that provides information and assistance to vessels navigating in or near a congested area. The importance of Vessel Traffic Services (VTS) is that it helps keep vessels safe and organized in congested areas, which can help prevent accidents.
INS and NAS:
International Maritime Organization (IMO) was established in Geneva in Switzerland on 19 March 1949. It is a United Nations agency with headquarters in London, which aims to ensure safe and efficient shipping and trade around the world. IMO has been playing a significant role in managing maritime traffic since its establishment for managing safety & security of navigation as well as providing efficient service to shippers & receivers involved in international seaborne commerce.
TOS:
TOS is short for Traffic onshore. It is a traffic data service that provides real-time information related to vessel traffic in the port and coastal areas. TOS has become an essential element for VTS as it provides crucial information such as position, direction, type, and identification of vessels to the controllers operating at ports and coastal areas.
Application Insights:
The others segment held the largest market share in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing demand for VTS by companies offering logistics services, such as insurance, dry-docking and repair facilities for vessels.
Vessel owners are increasingly depending on these services owing to their low cost and efficient operations. Vessels engaged in intermodal transport or those operating across different water bodies require frequent berthing at ports, which results in high operational costs. Thus, vessel operators are shifting towards coastal or port based VTS providers due to economies of scale offered by them while managing operations along with reduced crewing costs incurred during downtime periods between voyages when ships are stationary at a particular location.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing maritime trade and port development in China, India, Singapore, Thailand, South Korea and Japan. In addition, rising adoption of VTS by various countries for tracking & tracing vessels in distress is also anticipated to drive regional market growth over the forecast period.
The Asia Pacific was followed by Europe that accounted for a revenue share of more than 20% in 2017 owing to growing awareness among mariners about safety at sea as well as improved services provided by VTS providers such as AIS and GMDSS. Moreover, presence of numerous ports including Rotterdam (The Netherlands), Antwerp (Belgium), Marseille (France) will boost regional market growth during the forecast period.
Growth Factors:
- Increasing demand for maritime transportation: The global seaborne trade has been growing at a CAGR of around 4% in the past few years and is expected to grow further in the coming years, driven by the growth of international trade and globalization. This will result in an increase in demand for maritime transportation services, which will benefit VTS market players.
- Proliferation of new vessels: With the growth of international trade, there has been a proliferation of new vessels entering into service, resulting in an increase in vessel traffic. This is expected to continue over the next few years, driving demand for VTS services.
- Development of smart ports: Ports are increasingly becoming smarter with the deployment of various technologies such as automated container terminals, RFID tags etc., which are helping them improve their efficiency and productivity levels significantly. This is benefiting VTS market players as ports are increasingly relying on them to manage vessel traffic effectively and efficiently within port boundaries..
Scope Of The Report
Report Attributes
Report Details
Report Title
Vessel Traffic Services (VTS) Market Research Report
By Type
INS and NAS, TOS, Others, Vessel Traffic Services (VTS
By Application
Port Service, Coastal Service, Others
By Companies
Signalis, Indra Company, Saab, Kongsberg, Transas, Lockheed Martin, keiki, Frequentis, Vissim AS, SRT, Vessel Traffic Services (VTS
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Vessel Traffic Services (VTS) Market Report Segments:
The global Vessel Traffic Services (VTS) market is segmented on the basis of:
Types
INS and NAS, TOS, Others, Vessel Traffic Services (VTS
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 Service, Coastal Service, 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:
- Signalis
- Indra Company
- Saab
- Kongsberg
- Transas
- Lockheed Martin
- keiki
- Frequentis
- Vissim AS
- SRT
- Vessel Traffic Services (VTS
 Market Overview.svg)
Highlights of The Vessel Traffic Services (VTS) 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:
- INS and NAS
- TOS
- Others
- Vessel Traffic Services (VTS
- By Application:
- Port Service
- Coastal Service
- 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 Vessel Traffic Services (VTS) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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 Traffic Services (VTS) is a global navigation system operated by the United States Coast Guard. It provides real-time information on vessel location, speed, heading, and other data to vessels and shore stations.
Some of the major players in the vessel traffic services (vts) market are Signalis, Indra Company, Saab, Kongsberg, Transas, Lockheed Martin, keiki, Frequentis, Vissim AS, SRT, Vessel Traffic Services (VTS.
The vessel traffic services (vts) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vessel Traffic Services (VTS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vessel Traffic Services (VTS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vessel Traffic Services (VTS) Market - Supply Chain
4.5. Global Vessel Traffic Services (VTS) Market Forecast
4.5.1. Vessel Traffic Services (VTS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vessel Traffic Services (VTS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vessel Traffic Services (VTS) Market Absolute $ Opportunity
5. Global Vessel Traffic Services (VTS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vessel Traffic Services (VTS) Market Size and Volume Forecast by Type
5.3.1. INS and NAS
5.3.2. TOS
5.3.3. Others
5.3.4. Vessel Traffic Services (VTS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vessel Traffic Services (VTS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vessel Traffic Services (VTS) Market Size and Volume Forecast by Application
6.3.1. Port Service
6.3.2. Coastal Service
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vessel Traffic Services (VTS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vessel Traffic Services (VTS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vessel Traffic Services (VTS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vessel Traffic Services (VTS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vessel Traffic Services (VTS) Demand Share Forecast, 2019-2026
9. North America Vessel Traffic Services (VTS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vessel Traffic Services (VTS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vessel Traffic Services (VTS) Market Size and Volume Forecast by Application
9.4.1. Port Service
9.4.2. Coastal Service
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vessel Traffic Services (VTS) Market Size and Volume Forecast by Type
9.7.1. INS and NAS
9.7.2. TOS
9.7.3. Others
9.7.4. Vessel Traffic Services (VTS
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vessel Traffic Services (VTS) Demand Share Forecast, 2019-2026
10. Latin America Vessel Traffic Services (VTS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vessel Traffic Services (VTS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vessel Traffic Services (VTS) Market Size and Volume Forecast by Application
10.4.1. Port Service
10.4.2. Coastal Service
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vessel Traffic Services (VTS) Market Size and Volume Forecast by Type
10.7.1. INS and NAS
10.7.2. TOS
10.7.3. Others
10.7.4. Vessel Traffic Services (VTS
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vessel Traffic Services (VTS) Demand Share Forecast, 2019-2026
11. Europe Vessel Traffic Services (VTS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vessel Traffic Services (VTS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vessel Traffic Services (VTS) Market Size and Volume Forecast by Application
11.4.1. Port Service
11.4.2. Coastal Service
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vessel Traffic Services (VTS) Market Size and Volume Forecast by Type
11.7.1. INS and NAS
11.7.2. TOS
11.7.3. Others
11.7.4. Vessl Traffic Services (VTS
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vessel Traffic Services (VTS) Demand Share, 2019-2026
12. Asia Pacific Vessel Traffic Services (VTS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vessel Traffic Services (VTS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vessel Traffic Services (VTS) Market Size and Volume Forecast by Application
12.4.1. Port Service
12.4.2. Coastal Service
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vessel Traffic Services (VTS) Market Size and Volume Forecast by Type
12.7.1. INS and NAS
12.7.2. TOS
12.7.3. Others
12.7.4. Vessel Traffic Services (VTS
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vessel Traffic Services (VTS) Demand Share, 2019-2026
13. Middle East & Africa Vessel Traffic Services (VTS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vessel Traffic Services (VTS) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vessel Traffic Services (VTS) Market Size and Volume Forecast by Application
13.4.1. Port Service
13.4.2. Coastal Service
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vessel Traffic Services (VTS) Market Size and Volume Forecast by Type
13.7.1. INS and NAS
13.7.2. TOS
13.7.3. Others
13.7.4. Vessel Traffic Services (VTS
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vessel Traffic Services (VTS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vessel Traffic Services (VTS) Market: Market Share Analysis
14.2. Vessel Traffic Services (VTS) Distributors and Customers
14.3. Vessel Traffic Services (VTS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Signalis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Indra Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Saab
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kongsberg
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Transas
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lockheed Martin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. keiki
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Frequentis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Vissim AS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SRT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Vessel Traffic Services (VTS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
