Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

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

Latin America Vessel Monitoring System Market Outlook

The Latin America Vessel Monitoring System market is expected to grow at a CAGR of 8.7% 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 to Curb Illegal Fishing Activity

With over thirty-five thousand miles of coastline, Latin America is a region entwined with the ocean; communities, economies and cultural identities are intrinsically linked to the sea. Latin America’s neighbouring waters are homes for economically important fisheries such as anchovy, salmon and squid. These fishing grounds provide the people of the world with significant amounts of seafood (Peru and Chile being major suppliers). However, these fish stocks face threats by illegal, unreported and unregulated fishing - a grave problem for several countries in the region. With the help of satellite technology and cutting-edge machine learning, governments and maritime security agencies seek to strengthen maritime control and surveillance and fulfil sustainability goals.

The need to monitor human activity in the ocean is expected to boost the Latin America Vessel Monitoring System market. Oceans produce most of the oxygen we breathe, absorb a large quantity of carbon dioxide emissions, regulate climate, and feed the people of the world. It is reported that over half of the marine environment has been significantly changed by human activity, with over 30% of fish stocks overexploited. In light of these facts, it becomes essential to monitor illegal fishing activity in the ocean.

 

Advanced Solutions by Leading Companies Expected to Drive Market Growth

The Latin America Vessel Monitoring System market is likely to be driven by sophisticated solutions by leading companies. For example, to protect marine resources and fisheries, organisations like CLS develop tools based on satellite systems capable of covering very large maritime areas. CLS has helped over sixty countries set up vessel monitoring systems (VMSs) for monitoring their industrial fishing fleets. VMS is a widely used system by coastal states to manage their fishing fleets, also an efficient way of effectively fighting illegal fishing activity. 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. CLS transmitters are carried on over fifteen thousand fishing vessels, ensuring complete data confidentiality, a tamper-proof system (owing to the dual-Doppler positioning system) and longevity in the marine environment.

vTrack is an efficient and well-proven system for fisheries authorities. It displays accurate positions and data from fishing vessels and shares them with multiple recipients in real time. vTrack is optimized for ease of use and fast learning for all user groups of authority. Users on shore have real-time access to the system, and may view which vessels enter the harbour on any given day. Such information makes is easier to determine which vessels may require a closer look and plan an inspection.

 

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:

  • Brazil
  • Mexico
  • Argentina
  • Others

 

Key Industry Players in the Market

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

  • Global Fishing Watch, Inc.
  • CLS Group
  • Applied Satellite Technology Ltd
  • Visma
  • 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
  • Brazil
  • Mexico
  • Argentina
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
  • Global Fishing Watch, Inc.
  • CLS Group
  • Applied Satellite Technology Ltd
  • Visma
  • 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    Latin America
7    Industry Opportunities and Challenges  
8    Latin America Vessel Monitoring System Market Analysis

    8.1    Key Industry Highlights
    8.2    Latin America Vessel Monitoring System Historical Market (2017-2021) 
    8.3    Latin America Vessel Monitoring System Market Forecast (2022-2027)
    8.4    Latin America 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    Latin America 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    Latin America Vessel Monitoring System Market by Country
        8.6.1    Market Share
            8.6.1.1    Brazil
            8.6.1.2    Mexico
            8.6.1.3    Argentina
            8.6.1.4    Others
9    Regional Analysis
    9.1    Brazil
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
    9.2    Mexico
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
    9.3    Argentina
        9.3.1    Historical Trend (2017-2021)
        9.3.2    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    Global Fishing Watch, Inc.
            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    CLS Group
            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    Visma
            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    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

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

Key Questions Answered in the Report

The Latin America vessel monitoring system market is projected to grow at a CAGR of 8.7% between 2022 and 2027.

The major drivers of the market include the growing concern about vessel security and safety, rise in vessel traffic, high demand for long range tracking and identification and demand for safe navigation, rise in production of vessels, and international agreements.

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 market are Brazil, Mexico, and Argentina, 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 are fisheries management and surveillance, among others.

The major players in the industry are Global Fishing Watch, Inc., CLS Group, Applied Satellite Technology Ltd, and Visma, among others.

Analyst Review

The Latin America 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 8.7% 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 Brazil, Mexico, and Argentina, among others. The major players in the industry are Global Fishing Watch, Inc., CLS Group, Applied Satellite Technology Ltd, and Visma, 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.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER