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The European Vessel Monitoring System market is expected to grow at a CAGR of 11.9% 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.
Vessel monitoring is essential, especially in light of the dangers that may be faced by ships when at sea (or ocean); tracking becomes important to ensure safety of cargo and fishing vessels. Vessel monitoring systems are an integral communication component, considering the aspect of cargo delivering, fishing vessels, and passenger vessels. Vessel monitoring systems enable faster and easier vessel tracking and it help in averting unwanted situations at sea. The usage of modern technologies, including digital tools, has been increasing in recent years. Examples include national Electronic Reporting Systems (ERS) and satellite or non-satellite-based tracking of small-scale vessels (generally vessels under 12m) and the initiation of digital tools to aid fish traceability from landing to retail. Vessel Monitoring System (VMS) is the main satellite-based monitoring system that regularly provides data to the fisheries authorities on the spot, passage and speed of vessels. It is obligatory for all EU vessels over 12m, with the information shared between EU nations. The EU also uses satellite-based technology to help locate and identify fishing vessels at sea. Such technologies complement the use of non-satellite based technologies for geopositioning (for example, mobile phone apps), and the deployment of control assets such as patrol vessels, surveillance aircraft and drones to identify possible illegal activities.
The European vessel monitoring system market is expected to be driven by sophisticated solutions by leading companies. For example, BlueTraker VMS System offers a robust, economical and intelligent solution for vessel monitoring needs. The solution offers true global coverage with several unique features. An important feature is the system’s ability to adapt to the needs of the end customer. Vessel monitoring system gathers vessel positions using GNSS satellite signals and conveys them together with speed, bearing and optional BlueSenz sensor data to the TDS communication server. BlueTraker VMS Terminal intelligently sends data through either the GSM/GPRS terrestrial network or the Iridium satellite network at predefined intervals. The telematic data aggregation server (TDS) processes the data received and delivers it to any third-party VMS Fisheries Monitoring Software application in the suitable format used at the National FMC. BlueTraker VMS solution enables tracking fishing vessels wherever they might be, even in the Sea area A4. BlueTraker VMS solution has been thoroughly tested and operational for years in several countries. The system complies with EU, NEAFC, NAFO and SEAFO regulations on data exchange, and to bilateral agreements commonly made between nations. It also fully complies with EU Commission Regulation Nos. 2244/2003, 1224/2009 and Implementing Regulation No. 404/2011.
Trackwell Fisheries Management Systems offers solutions including vessel monitoring system software (VMS), the ERS (Electronic Reporting System for managing fishing activity data), the eLOG (electronic logbook for on-board catch registration), and the FLUX Engine which translates and standardizes the data into FLUX (Fisheries Language for Universal Exchange) to abide by international regulations.
SRT VMS System offers a complete turn-key fisheries management solution at a cost which is up to 40% lower than conventional VMS systems while simultaneously delivering better reliability, performance, functionality and future proof flexibility. The proven SRT VMS system includes functionality such as reliable ultra-low cost global tracking of any vessel and type and size, electronic fish catch reporting and auditing, advanced vessel ELOG system, integrated aquatic environment monitoring and modelling, and automatic IUU detection using advanced AI technology.
Higher costs may hinder market growth.
By vessel type, the market is segmented into:
By application, the market is divided into:
By country, the market is classified into:
The report presents a detailed analysis of the following key players in the European Vessel Monitoring System market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Vessel Type||
|Breakup by Application||
|Breakup by Region||
|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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Europe Vessel Monitoring System Market Analysis
8.1 Key Industry Highlights
8.2 Europe Vessel Monitoring System Historical Market (2017-2021)
8.3 Europe Vessel Monitoring System Market Forecast (2022-2027)
8.4 Europe Vessel Monitoring System Market by Vessel Type
8.4.1 Fishing Vessel
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.2 Cargo Vessel
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.3 Service Vessel
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.4 Passenger Ships and Ferries
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Europe Vessel Monitoring System Market by Application
8.5.1 Fisheries Management
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.6 Europe Vessel Monitoring System Market by Country
8.6.1 Market Share
188.8.131.52 United Kingdom
9 Regional Analysis
9.1 United Kingdom
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
10 Market Dynamics
10.1 SWOT Analysis
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 EMA d.o.o.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.2 CLS Group
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
11.2.5 Pole Star Space Applications
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.6 SRT Marine Systems plc
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12 Industry Events and Developments
List of Key Figures and Tables
1. Europe Vessel Monitoring System Market: Key Industry Highlights, 2017 and 2027
2. Europe Vessel Monitoring System Historical Market: Breakup by Vessel Type (USD Million), 2017-2021
3. Europe Vessel Monitoring System Market Forecast: Breakup by Vessel Type (USD Million), 2022-2027
4. Europe Vessel Monitoring System Historical Market: Breakup by Application (USD Million), 2017-2021
5. Europe Vessel Monitoring System Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Europe Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
7. Europe Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Vessel Monitoring System Market Structure.
The European vessel monitoring system market is projected to grow at a CAGR of 11.9% between 2022 and 2027.
The major drivers of the market include the growth in seaborne trade, dearth of supply chains in ship repair and maintenance services, rise in production of vessels, rapid technological advancements, and international agreements.
Increase in demand for new vessels for various applications and growing need for monitoring, control, and surveillance (MCS) of vessels are the key industry trends propelling the market's growth.
The major countries in the market are United Kingdom, Germany, France, and Italy.
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 EMA d.o.o., CLS Group, Trackwell, Visma, Pole Star Space Applications, and SRT Marine Systems plc, among others.
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