Global Vessel Traffic Management System market

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Global Vessel Traffic Management System market by Component (Hardware, Solutions, and Service), by Systems (Port Management Information Systems, Global Maritime Distress Safety System, and Others), and by End-users - Forecast till 2023

Vessel Traffic Management market Research

Report- Forecast 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Vessel Traffic Management market Research Report- Forecast 2023

Vessel Traffic Management market Research Report- Forecast 2023

• Vessel Traffic Management System (VTMS) offers various services and solutions in order to safeguard coasts from

illegal immigration and other fringe activities that hamper the security at international sea borders. Vehicle Traffic

Services (VTS) have been developed under the guidelines of IALA (International Association of Marine Aids to

Navigation and Lighthouse Authorities) standards. The sole purpose of developing a VTS is to enhance the

maritime security and increase the proficiency of the navigation system and safeguard marine conditions.

Additionally, the VTMS possesses certain features, such as remote monitoring and control, real-time and offline

data fetching, comprehensible pictures and view, necessary support to operators to make decision, and

presentation of traffic navigation and vessel information. In the light of these factors, the VTMS market is

expected to witness a significant growth over the forecast period.


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Vessel Traffic Management market Research Report- Forecast 2023

“Taste the market data and market information presented through more than 50 market data tables

and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content

TOC & market synopsis on Internet of Vessel Traffic Management market Research Report- Forecast

2023”

• By component, the Global Vessel Traffic Management System market is categorized into equipment, solutions,

and service. The equipment of VTMS comprises sensors (which include a marine radar sub-system and automatic

identification sub-system, communication and computer networks, operator consoles, servers, databases, and

video walls).

• By systems, the market is sub-segmented into Port Management Information Systems, Global Maritime Distress

Safety System, River Information Systems (RIS), and A to N Management & Health Monitoring Systems. By enduser,

the market is sub-segmented into commercial and defense.

• However, River Information System (RIS) is anticipated to be the fastest growing sector in Asia Pacific region,

particularly in India, due to rapid development in Namami Gange Programme and regulation policy of interlinking

rivers in the country. Recently, The Inland Waterway Authority of India under the Ministry of Shipping introduced

the River Information System (RIS) along the 145-kilometre long river Ganges, from Farakka to Haldia in West

Bengal.


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Vessel Traffic Management market Research Report- Forecast 2023

Regional Analysis

• Geographically, the Vessel Traffic Management System is segmented into four different regions namely North

America, Asia Pacific, Europe, and the Rest of the World.

• Europe is also expected to have a substantial growth in the market. The United Kingdom, France, Italy, and

Germany are expected to be the leading countries in the region. This is attributed to the presence of large number

of manufacturers in the region. Asia Pacific is also anticipated to be the fastest growing region in the Vessel Traffic

Management market over the forecast period. India, Japan, and China are the leading countries in the Vessel

Traffic Management market, owing to the rise in number of defense deals with the European market.

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Vessel Traffic Management market Research Report- Forecast 2023

Application & Major Players in this Research:

Vessel Traffic Management market Prominent Players:

• Saab AB (Sweden),

• Thales (France),

• Rolta India (India),

• Frequentis (Austria),

• TERMA (Denmark),

• Tokyo Keiki Inc. (Japan),

• Japan Radio Co. Ltd. (Japan),

• Kongsberg (Norway),

• L3 Technologies (U.S.),

• Transas (Ireland),

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Vessel Traffic Management market Research Report- Forecast 2023

Vessel Traffic Management market Segmented on the basis of

The Vessel Traffic Management market is differentiated into component, system, and end-user.

By component, the Vessel Traffic Management market is segregated into hardware, solutions, and service. The

hardware of VTMS consists of sensors (which include a marine radar sub-system and automatic identification subsystem,

communication and computer networks, operator consoles, servers, databases, and video walls). Solution

sub-segment consists of sensor integrators, routing monitor, multi-sensor tracker, and electronic navigation charts.

Furthermore, services sub-segment consists of maintenance and operating services. By systems, the market is subdivided

into Port Management Information Systems, Global Maritime Distress Safety System, River Information

Systems, and A to N Management & Health Monitoring Systems. By the end-user, the market is sub-segmented into

commercial and defense.


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