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Asia-Pacific Vessel Monitoring System Market: By Vessel Type: Fishing Vessel, Cargo Vessel, Service Vessel, Passenger Ships and Ferries, Others; By Application: Fisheries Management, Surveillance, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Asia-Pacific Vessel Monitoring System Market Outlook

The Asia-Pacific Vessel Monitoring System market is expected to grow at a CAGR of 10.7% during the period 2022-2027. Vessel monitoring systems are used by fisheries authorities, coastguards and navies for surveillance, search and rescue, resource management and fisheries control.

 

Market Likely to be Driven by Need for Greater Levels of Monitoring, Control, and Surveillance (MCS) of Vessels

Vessel monitoring system is employed to assist law enforcement initiatives and prevent law violations. The system also enables enforcement personnel to focus their time on regions with the highest possibility for significant violations.

An important feature of vessel monitoring system is that it also acts as an effective tool to track vessels in need of immediate help. Vessels and ships with vessel monitoring system and in need of immediate help can inform appropriate authorities or other ships in the vicinity and call for SOS help. Such features and benefits are expected to drive the Asia-Pacific Vessel Monitoring System market. For example, in 2021, India launched a real-time vessel tracking system that could help seafarers and fishermen in times of need. Apart from tracking Indian vessels globally, it could also track foreign vessels within 1,000-km of India’s coastline. Such efforts are expected to drive the Asia-Pacific Vessel Monitoring System market.

In 2020, India launched the development of Indigenous Software solution for Vessel traffic services (VTS) and Vessels Traffic Monitoring Systems (VTMS). The launch was to emphasize the development of indigenous system as per the requirement of the country instead of relying on expensive foreign software solutions for Traffic Managements of Indian Ports. VTS and VTMS software determines vessel positions, location of other traffic or meteorological hazard warnings and comprehensive management of traffic within a port or waterway. Vessel Traffic Services (VTS) enhance safety of life in sea waters, increase safety and efficacy of navigation, and help protect the marine environment, adjoining shore areas, work spots and offshore installations from possible adverse effects of maritime traffic.

In 2017, Indonesia became the first nation to share its Vessel Monitoring System (VMS) data, with Global Fishing Watch. The move sought to counter illegal fishing. Indonesia has significant marine resources, including fisheries, marine services, marine industry, transportation, and marine tourism. It is considered, however, that the country’s potential has not been utilized to the maximum, and not contributes significantly to national development. Indonesia has been harmed by illegal fishing practices from domestic as well as foreign fishermen. The closeness of Indonesian waters with international waters has made entry of foreign fishermen easier. Hence, Indonesian waters are vulnerable to illegal, unreported and unregulated fishing (IUUF) activities. Indonesia has made efforts to curb the IUUF problem. Since 2003, the Ministry of Marine and Fishery Affairs has supervised the coordinates of fishing vessels in Indonesian waters using Vessel Monitoring System (VMS).

 

Regulations Mandating Vessel Monitoring System Likely to Stimulate Market Growth

Regulations making vessel monitoring system mandatory are expected to boost the Asia-Pacific Vessel Monitoring System market. Given below are vessel tracking policies using the vessel monitoring system (VMS) and the automatic identification system (AIS) in eight Asia-Pacific countries:

Japan - VMS required for domestic offshore and distant water fishing vessels permitted by the Minister of Agriculture, Forestry and Fisheries.

Taiwan - VMS required for domestic distant water fishing vessels.

Indonesia - VMS required for domestic vessels of 30 gross tons or over.

Thailand - VMS required for domestic vessels of 30 gross tons or over; AIS required for foreign vessels landing catch in Thai ports.

Bangladesh - VMS and AIS required for domestic commercial vessels (all trawlers); AIS required for boats and vessels in other fisheries.

Sri Lanka - VMS required for domestic high seas multi-day vessels of 10.3 m or over.

Palau - VMS and AIS needed for all vessels operating within the Domestic Fishing Zone (designated area open to fishing in the EEZ of Palau).

Federated States of Micronesia - VMS needed for all vessels functioning within EEZ of the Federated States of Micronesia and domestic vessels operating outside its EEZ.

 

Market Segmentation

By vessel type, the market is segmented into:

  • Fishing Vessel
  • Cargo Vessel
  • Service Vessel
  • Passenger Ships and Ferries
  • Others

By application, the market is divided into:

  • Fisheries Management
  • Surveillance
  • Others

By country, the market is classified into:

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

 

Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the Asia-Pacific Vessel Monitoring System market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • The Highlander Company
  • Addvalue Technologies Ltd
  • Applied Satellite Technology Ltd
  • GMT COMPANY, INC.
  • CLS Group
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Vessel Type
  • Application
  • Region
Breakup by Vessel Type
  • Fishing Vessel
  • Cargo Vessel
  • Service Vessel
  • Passenger Ships and Ferries
  • Others
Breakup by Application
  • Fisheries Management
  • Surveillance
  • Others
Breakup by Region
  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The Highlander Company
  • Addvalue Technologies Ltd
  • Applied Satellite Technology Ltd
  • GMT COMPANY, INC.
  • CLS Group
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Asia Pacific
7    Industry Opportunities and Challenges
8    Asia Pacific Vessel Monitoring System Market Analysis

    8.1    Key Industry Highlights
    8.2    Asia Pacific Vessel Monitoring System Historical Market (2017-2021) 
    8.3    Asia Pacific Vessel Monitoring System Market Forecast (2022-2027)
    8.4    Asia Pacific Vessel Monitoring System Market by Vessel Type
        8.4.1    Fishing Vessel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Cargo Vessel
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Service Vessel
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Passenger Ships and Ferries
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Others
    8.5    Asia Pacific Vessel Monitoring System Market by Application
        8.5.1    Fisheries Management
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Surveillance
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Others
    8.6    Asia Pacific Vessel Monitoring System Market by Country
        8.6.1    Market Share
            8.6.1.1    China
            8.6.1.2    Japan
            8.6.1.3    India
            8.6.1.4    ASEAN
            8.6.1.5    Australia
            8.6.1.6    Others
9    Regional Analysis
    9.1    China
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    Japan
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    India
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
    9.4    ASEAN
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
    9.5    Australia
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    The Highlander Company
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Addvalue Technologies Ltd
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Applied Satellite Technology Ltd
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    GMT COMPANY, INC.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    CLS Group
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Asia Pacific Vessel Monitoring System Market: Key Industry Highlights, 2017 and 2027
2.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Vessel Type (USD Million), 2017-2021
3.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Vessel Type (USD Million), 2022-2027
4.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
7.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Asia Pacific Vessel Monitoring System Market Structure.

Key Questions Answered in the Report

The Asia Pacific vessel monitoring system market is projected to grow at a CAGR of 10.7% between 2022 and 2027.

The major drivers of the market include the rise in vessel traffic, high demand for long range tracking and identification and demand for safe navigation, rapid technological advancements, and rise in production of vessels.

The increasing number of applications of fisheries and the greater levels of monitoring, control, and surveillance (MCS) of vessels are the key industry trends propelling the market's growth.

The major regions in the industry are China, Japan, India, ASEAN, and Australia, among others.

By vessel type, the market is segmented into fishing vessel, cargo vessel, service vessel, passenger ships and ferries, among others.

The major applications of the market are fisheries management and surveillance, among others.

The major players in the industry are The Highlander Company, Addvalue Technologies Ltd, Applied Satellite Technology Ltd, GMT COMPANY, INC., and CLS Group, among others.

Analyst Review

The Asia Pacific vessel monitoring system market was driven by the increasing number of applications of fisheries in the historical period. Aided by rise in vessel traffic and greater levels of monitoring, control, and surveillance (MCS) of vessels, the market is expected to grow at a CAGR of 10.7% in the forecast period of 2022-2027.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By vessel type, the market is segmented into fishing vessel, cargo vessel, service vessel, passenger ships and ferries, among others. The major applications of the market are fisheries management and surveillance, among others. The major countries for vessel monitoring system market are China, Japan, India, ASEAN, and Australia, among others. The major players in the industry are The Highlander Company, Addvalue Technologies Ltd, Applied Satellite Technology Ltd, GMT COMPANY, INC., and CLS Group, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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