Press Resease

Vessel Traffic Management Market - By Function (Communication, Navigation, and Surveillance), By Sensing Components (Satellite, Radar, Automatic Identification System, Drone, Weather Station, Radio Direction Finder, and Others), By Application (Ports & Coastal Traffic, Offshore Platform, Coast Guard & Rescue, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Published Date: 02-Mar-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3069 Status : Published

The global Vessel Traffic Management market, which accrued revenue worth 2.85 (USD Billion) in 2018 and anticipated to garner earnings about 4.30 (USD Billion) by 2025, is set to grow at a CAGR of nearly 7.65% during the period from 2019 to 2025.

Description

The global Vessel Traffic Management market, which accrued revenue worth 2.85 (USD Billion) in 2018 and anticipated to garner earnings about 4.30 (USD Billion) by 2025, is set to grow at a CAGR of nearly 7.65% during the period from 2019 to 2025. The report offers valuation and analysis of the Vessel Traffic Management market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Introduction

Vessel traffic management methods are utilized for determining & estimating myriad marine environments that are utilized for offering safety to marine borders along with upgrading the marine environment. Reportedly, vessel traffic management is used for collecting, storing, demonstrating, processing, and separating key data included in marine transportation. Apart from this, massive use of automatic identification systems, radars, VHF communication systems in offshore tools & ports, and CCTV surveillance cameras will promulgate the market size over the years ahead.

Vessel Traffic Management Market: Growth Dynamics

Burgeoning concerns about marine security and high focus on port security over illegal immigration activities along with fear of terrorist attacks has resulted in massive demand for vessel traffic management activities at sea ports, thereby driving the growth of vessel traffic management market in the recent years. In addition to this, surge in the sea trading activities, rapid port expansion & port development ventures, and surge in the number of defense & commercial boats or ships will enlarge the size of vessel traffic management industry in the years ahead.

Apparently, humungous need of improving, upgrading, and ensuring safety of marine ports has translated into large market demand in the recent years. Additionally, vessel traffic management system detects, links, and navigates vessels in the seas, thereby further steering the market trends. Surge in marine traffic coupled with increase in allocation of funds for construction of ports will proliferate the expansion of vessel traffic management industry over the forthcoming years. In addition to this, acceptance of 3-D vessel traffic management technologies by sea port authorities will provide new growth opportunities for vessel traffic management industry over the ensuing years.

Asia Pacific Vessel Traffic Management Market To Expand Sizably Over 2019-2025

The expansion of vessel traffic management market in Asia Pacific zone over 2019-2025 is attributed to a rampant rise in the port construction ventures. Apart from this, rise in the transport through sea mode and large government funding for improving coastal as well as sea security will contribute sizably towards overall market revenue in the ensuing years. Countries such as China, India, and Japan are likely to influence the regional market growth in the years ahead.

Key participants profiled in the report are Vaisala Oyj, Indra Sistemas, S.A., Saab AB, Rolta India Limited, Kongsberg Gruppen AS, Thales Group, L3 Technologies, Vissim AS, Japan Radio Co. Ltd., and Terma A/S.

The global vessel traffic management market is segmented as follows:

By function:

  • Communication
  • Navigation
  • Surveillance

By sensing components:

  • Satellite
  • Drone
  • Radar
  • Weather Station
  • Automatic Identification System (AIS)
  • Radio Direction Finder (RDF)
  • Others

By application:

  • Ports & Coastal Traffic
  • Offshore Platform
  • Coast Guard & Rescue
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Vessel Traffic Management Market, 2015–2025 (USD Billion)
    • 2.2. Vessel Traffic Management Market: Snapshot
  • Chapter 3. Global Vessel Traffic Management Market– Industry Analysis
    • 3.1. Vessel Traffic Management Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surge in marine traffic coupled with increase in allocation of funds for construction of ports will pruliferate the expansion of vessel traffic management market over the forthcoming years.
      • 3.2.2. Acceptance of 3-D vessel traffic management technulogies by sea port authorities will provide new growth opportunities for vessel traffic management industry over the ensuing years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Function
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis By Sensing Components
  • Chapter 4. Global Vessel Traffic Management Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Vessel Traffic Management Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Vessel Traffic Management Market–Function Analysis
    • 5.1. Global Vessel Traffic Management Market overview: By Function
      • 5.1.1. Global Vessel Traffic Management Market share, By Function,2018 and 2025
    • 5.2. Communication
      • 5.2.1. Global Vessel Traffic Management Market by Communication, 2015–2025 (USD Billion)
    • 5.3. Navigation
      • 5.3.1. Global Vessel Traffic Management Marketby Navigation, 2015–2025 (USD Billion)
    • 5.4. Surveillance
      • 5.4.1. Global Vessel Traffic Management Market by Surveillance, 2015–2025 (USD Billion)
  • Chapter 6. Global Vessel Traffic Management Market– Application Analysis
    • 6.1. Global Vessel Traffic Management Market overview: By Application
      • 6.1.1. Global Vessel Traffic Management Market share, By Application , 2018 and 2025
    • 6.2. Ports & Coastal Traffic
      • 6.2.1. Global Vessel Traffic Management Market By Ports & Coastal Traffic , 2015–2025 (USD Billion)
    • 6.3. Offshore Platform
      • 6.3.1. Global Vessel Traffic Management Market By Offshore Platform, 2015–2025 (USD Billion)
    • 6.4. Coast Guard & Rescue
      • 6.4.1. Global Vessel Traffic Management Market By Coast Guard & Rescue, 2015–2025 (USD Billion)
    • 6.5. Others
      • 6.5.1. Global Vessel Traffic Management Market By Others, 2015–2025 (USD Billion)
  • Chapter 7. Global Vessel Traffic Management Market– Sensing Components Analysis
    • 7.1. Global Vessel Traffic Management Marketoverview: By Sensing Components
      • 7.1.1. Global Vessel Traffic Management Marketshare, By Sensing Components , 2018 and 2025
    • 7.2. Satellite
      • 7.2.1. Global Vessel Traffic Management Market By Satellite, 2015–2025 (USD Billion)
    • 7.3. Radar
      • 7.3.1. Global Vessel Traffic Management Market By Radar, 2015–2025 (USD Billion)
    • 7.4. Automatic Identification System
      • 7.4.1. Global Vessel Traffic Management Market By Automatic Identification System, 2015–2025 (USD Billion)
    • 7.5. Drone
      • 7.5.1. Global Vessel Traffic Management Market By Drone, 2015–2025 (USD Billion)
    • 7.6. Weather Station
      • 7.6.1. Global Vessel Traffic Management Market By Weather Station, 2015–2025 (USD Billion)
    • 7.7. Radio Direction Finder
      • 7.7.1. Global Vessel Traffic Management Market By Radio Direction Finder, 2015–2025 (USD Billion)
    • 7.8. Others
      • 7.8.1. Global Vessel Traffic Management Market By Others, 2015–2025 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Vaisala Oyj
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfulio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Saab AB
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfulio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Rulta India Limited
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfulio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Thales Group
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfulio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Development
    • 8.5. Vissim AS
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfulio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Japan Radio Co. Ltd.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfulio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. L3 Technulogies
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfulio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. Kongsberg Gruppen AS
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfulio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. Indra Sistemas, S.A.
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfulio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. Terma A/S
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfulio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development

Methodology


Frequently Asked Questions

Burgeoning concerns about marine security and high focus on port security over illegal immigration activities along with fear of terrorist attacks has resulted in massive demand for vessel traffic management activities at sea ports, thereby driving the growth of vessel traffic management market in the recent years. In addition to this, surge in the sea trading activities, rapid port expansion & port development ventures, and surge in the number of defense & commercial boats or ships will enlarge the size of vessel traffic management industry in the years ahead.

Apparently, humungous need of improving, upgrading, and ensuring safety of marine ports has translated into large market demand in the recent years. Additionally, vessel traffic management system detects, links, and navigates vessels in the seas, thereby further steering the market trends.

According to Zion market research report, the global Vessel Traffic Management market, which accrued revenue worth 2.85 (USD Billion) in 2018 and anticipated to garner earnings about 4.30 (USD Billion) by 2025, is set to grow at a CAGR of nearly 7.65% during the period from 2019 to 2025.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue during 2019-2025. The growth of the market in the region over forecast timespan can be credited to a rampant rise in the port construction ventures. Apart from this, rise in the transport through sea mode and large government funding for improving coastal as well as sea security will contribute sizably towards overall market revenue in the ensuing years. Countries such as China, India, and Japan are likely to influence the regional market growth in the years ahead. 

The key players profiled in the report include Vaisala Oyj, Saab AB, Rolta India Limited, Thales Group, Vissim AS, Japan Radio Co. Ltd., L3 Technologies, Kongsberg Gruppen AS, Indra Sistemas, S.A., and Terma A/S.
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