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The Middle East and Africa vessel monitoring system market size is expected to grow at a CAGR of 9.9% in the forecast period of 2024-2032. The key drivers of the market include increasing efforts by governments to ensure vessel safety and security, and growing demand for long-range tracking and identification.
Vessel monitoring systems refer to systems that display precise geographical positions of vessels with the aid of global positioning systems to facilitate monitoring of vessels on water bodies. These systems are can be used to monitor and track different types of vessels, including fishing vessels, cargo vessels, and passenger ships and ferries.
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By vessel type, the market is segmented into fishing vessel, cargo vessel, service vessel, and passenger ships and ferries, among others. On the basis of application, the Middle East and Africa vessel monitoring system market is divided into fisheries management, and surveillance, among others. The major countries in the vessel monitoring system market in the Middle East and Africa are the United Arab Emirates, Saudi Arabia, Nigeria, and South Africa, among others.
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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 Middle East and Africa vessel monitoring system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Nigeria is expected to witness significant growth in the Middle East and Africa vessel monitoring system market over the forecast period. This growth can be attributed to the increasing fishery activities in the country and to the rising initiatives taken by the government of Nigeria in order to prevent unregulated and illegal fishing. Increasing adoption of vessel monitoring systems in Nigeria is projected to aid fisheries management authorities in monitoring real time movements of vessels and enhance the efficacy of search and rescue missions. Additionally, utilisation of vessel management systems in Nigeria would aid in discouraging illicit maritime activities and prevent unreported, illegal, and unregulated fishing activities along the continental shelf of the country.
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Applied Satellite Technology Ltd is a satellite communications provider that was founded in 1992 and is headquartered in Great Yarmouth, United Kingdom. This communications integrator provides reliable end to end remote solutions to energy, maritime, and government sectors. Their cutting-edge services enable greater control over GSM networks and provide enhanced connectivity.
CLS Fisheries, an innovator and pioneer in sustainable fishing management, was founded in 1990 and is headquartered in Toulouse, France. They work with administrations and fishermen, providing them with intelligent services and a wide range of fisheries compliance solutions.
ORBCOMM Inc. was founded in 1993 and is headquartered in New Jersey in the United States. They offer smart solutions for their diversified customer base spanning heavy equipment, supply chain, natural resources, transportation, warehousing and inventory, transportation, and government, among others.
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:
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Breakup by Vessel Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is expected to grow at a CAGR of 9.9% between 2024 and 2032.
The major market drivers include increasing efforts by the governments in the Middle East and Africa to ensure vessel safety and security, growing demand for long-range tracking and identification, and rising adoption of modern solutions.
The key Middle East and Africa vessel monitoring system market trends include growing emphasis on surveillance systems, technological advancements in the market, and rising consumption of seafood in the Middle East and Africa region.
The major countries in the market are the United Arab Emirates, Saudi Arabia, Nigeria, and South Africa, among others.
The various vessel types in the market for vessel monitoring systems include fishing vessel, cargo vessel, service vessel, and passenger ships and ferries, among others.
The significant applications of vessel monitoring systems in the market include fisheries management, and surveillance, among others.
A vessel monitoring system monitors the speed, positioning, and course of vessels so as to improve the safety and management of marine environments.
The major market players, according to the report, are Applied Satellite Technology Ltd, CLS Fisheries, ORBCOMM Inc., and Trackwell, among others.
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