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Asia-Pacific Vessel Monitoring System Market

Asia-Pacific Vessel Monitoring System Market Size, Growth: By Vessel Type: Fishing Vessel, Cargo Vessel, Service Vessel, Passenger Ships and Ferries, Others; By Application: Fisheries Management, Surveillance, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Asia-Pacific Vessel Monitoring System Market Outlook

The Asia Pacific vessel monitoring system market size is expected to grow at a CAGR of 10.7% during the forecast period of 2024-2032. The market is being driven by growing maritime trade, increasing vessel traffic on water routes, and rising demand for long range tracking and identification.

 

asia-pacific-vessel-monitoring-system-market

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Key Trends in the Market

A vessel monitoring system (VMS) is a satellite-based monitoring system that provides information about the location, speed, and path of vessels to end users such as fishing vessel operators and cargo vessel operators. Fisheries management extensively use VMS, in addition to passenger ships, ferries, and service vessels. Additionally, the vessel monitoring systems enable enforcement agencies to concentrate their efforts in areas where there is a greater likelihood of violations.

 

  • Increased vessel traffic, increased demand for long-range tracking and identification, and demand for safe navigation in international waters are key factors driving the demand for the Asia Pacific vessel monitoring system market. The positioning of the region as a significant manufacturers, particularly in countries like China, is surging the demand for cargo vessels to ship products globally, increasing the need for adequate vessel monitoring.
  • Vessel monitoring systems are increasingly being integrated with features like surface temperature monitors, traffic and collision management, satellite communication, and real-time weather forecast owing to ongoing technological advancements. Technologies like artificial intelligence (AI) and machine learning (ML) are increasingly being incorporated into advanced vessel monitoring system software, thus aiding the Asia Pacific vessel monitoring system market.
  • The widespread fishery industry in the region, supported by heightened consumption of seafood in countries like Japan, is surging the demand for VMS to manage fishery activities. Vessel monitoring systems enable governing bodies to identify any vessel and illegal fishing activities occurring in restricted areas or at restricted times. It also helps to identify and locate unidentified or non-permitted vessels that are operating in the region.

 

asia-pacific-vessel-monitoring-system-market-by-segments

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Market Analysis

By vessel type, the market is segmented into fishing vessel, cargo vessel, service vessel, and passenger ships and ferries, among others. Based on application, the Asia Pacific vessel monitoring system market is divided into fisheries management and surveillance, among others. The major countries for vessel monitoring systems in the Asia Pacific are China, Japan, India, ASEAN, and Australia, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Asia Pacific vessel monitoring system market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

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

 

Market Share by Vessel Type

Cargo vessels account for a sizable share of the Asia Pacific vessel monitoring system market due to the growing production and manufacturing capabilities in the region and increasing globalisation of trade. Typically, cargo ships are larger in size and are often equipped with cranes and other mechanisms for loading and unloading products being shipped. With increase in movement of cargo vessels in the Asia Pacific region, there is greater emphasis on adequate tracking and monitoring to prevent mishaps on the water, which is increasing the demand for the Asia Pacific vessel monitoring system market. Meanwhile, fishing vessels are also expected to witness steady growth in the coming years, due to the growing fisheries industry as well as rising demand for seafood.

 

Market Share by Application

Surveillance is account for a significant share of the Asia Pacific vessel monitoring system market due to the growing traffic on local sea routes increasing the need for safety on water. The precise geographic position of a vessel is shown by the VMS using global positioning systems (GPS), and the ability of inspectors to access VMS data in real-time allows them to pinpoint the precise location of vessels, enabling onboard inspections as needed. The process of tracking a vessel is made simple and quick by the use of VMS, and it helps to stop illegal actions at sea. Southeast Asian nations like Thailand and South Korea have been employing VMS technology to track their ships to make sure that fishermen are carrying marine products legally.

 

asia-pacific-vessel-monitoring-system-market-by-region

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Competitive Landscape

The Highlander Company, founded in 2002 and based in Beijing, China, creates and offers electronic surveillance systems, both small scale and large scale, to aid various end users in keeping track of valuable assets. The company caters to maritime port authorities, private port operators, coastguards, aqua farmers, offshore oil and gas exploration and production companies, and wind farm operators, among others.

 

Addvalue Technologies Ltd., established in 1996 and headquartered in Bedok, Singapore is a leading provider of satellite-based communication systems. Modern communication terminals offered by Addvalue are available for usage in space, air, sea, and land. Additionally, the company provides its clients with significant engineering and integration services to aid in seamless incorporation of its products with client systems.

 

Applied Satellite Technologies Ltd, established in 1992 and headquartered in Norfolk in the United Kingdom is one of the leading satellite communication providers. An independent company focussed on providing practical services at an international, Applied Satellite Technologies helps its clients improve operational performance, resilience, cost efficiency, and crew safety. Its solutions are available for maritime and land, along with services for consultancy, installation, and repairs and servicing, among others.

 

Other market players include GMT COMPANY, INC. and CLS Group, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Asia Pacific Vessel Monitoring System Market Analysis

    8.1    Key Industry Highlights
    8.2    Asia Pacific Vessel Monitoring System Historical Market (2018-2023) 
    8.3    Asia Pacific Vessel Monitoring System Market Forecast (2024-2032)
    8.4    Asia Pacific Vessel Monitoring System Market by Vessel Type
        8.4.1    Fishing Vessel
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Cargo Vessel
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Service Vessel
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Passenger Ships and Ferries
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Asia Pacific Vessel Monitoring System Market by Application
        8.5.1    Fisheries Management
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Surveillance
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    Asia Pacific Vessel Monitoring System Market by Country
        8.6.1    China
        8.6.2    Japan
        8.6.3    India
        8.6.4    ASEAN
        8.6.5    Australia
        8.6.6    Others
9    Regional Analysis
    9.1    China
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Japan
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    India
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    ASEAN
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Australia
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
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    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Asia Pacific Vessel Monitoring System Market: Key Industry Highlights, 2018 and 2032
2.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Vessel Type (USD Million), 2018-2023
3.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Vessel Type (USD Million), 2024-2032
4.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2023
7.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Asia Pacific Vessel Monitoring System Market Structure.

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 10.7% between 2024 and 2032.

The major drivers of the market include the increasing maritime trade, growing vessel traffic on water routes, growing concern about vessel security and safety, and rising demand for long range tracking and identification.

integration of advanced technologies such as AI and ML in advanced vessel monitoring systems, demand for safe navigation in international waters, and rising need for tracking due to unauthorised activities are the key trends propelling the growth of the market.

The major countries for vessel monitoring systems in the Asia Pacific are China, Japan, India, ASEAN, and Australia, among others.

The various vessel types in the market are fishing vessel, cargo vessel, service vessel, and passenger ships and ferries, among others.

The major applications of vessel monitoring systems in the market are fisheries management, and surveillance, among others.

Automatic identification systems (AIS) were developed as a collision avoidance tool and are required by international law for ships over a certain size and by national legislation for some smaller ships. Meanwhile, a vessel monitoring system (VMS) is a customised system for monitoring vessels for surveillance and fisheries management purposes.

Vessel tracking results in safer routes when a ship can avoid initially unexpected weather conditions and other vessels along its journey.

Vessel monitoring systems operate by making use of on-board transceiver units and GPS for satellite-based communications.

The major players in the Asia Pacific vessel monitoring system market, according to the report, 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 2024-2032.

 

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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