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North America Vessel Monitoring System Market

North America Vessel Monitoring System Market Size, Analysis: 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

North America Vessel Monitoring System Market Outlook

The North America vessel monitoring system market is expected to grow at a CAGR of 13.9% between 2024 and 2032. The market is being driven by the increasing traffic of vessels and stringent maritime safety regulations of the governments in the region.

 

north-america-vessel-monitoring-system-market

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Key Trends in the Market

A vessel monitoring system refers a system that is designed to monitor the movement of vessels, using satellited based data and other data procured, integrating into a cohesive system. This system monitors fishery activities, brings safety in sea operations, and provides real-time insights for governments and authorities. Vessel monitoring systems aid in averting any misconduct or criminalities in the sea.

 

  • The increasing awareness and stringent regulations of the governments across the region, pertaining to the need to bolster maritime security is driving the North America vessel monitoring system market. In addition, the increasing cases of criminal activities in sea, such as marine life cruelty and illegal fishing, are further adding to the market growth.
  • Increasing expenditure across countries of the region, aimed towards upgrading, repairing, and maintaining deployed vessels is further increasing the demand for vessel monitoring systems. In addition, the rising international cooperation between well-established economies to upgrade fleets, in order to enhance marine capabilities and trade, is likely to provide impetus to the market in the forecast period.
  • Rapid advancements in technology of marine vessels, aimed towards increasing the efficiency of surveillance and search and rescue operations, are expected to garner the market growth in the coming years. Further, increasing sophistication of vessel monitoring technology, supported by the strong foothold of major market players are likely to aid the North America vessel monitoring system market.

 

north-america-vessel-monitoring-system-market-by-segments

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Market Analysis

Based on 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 market is classified into fisheries management, and surveillance, among others. Country wise, the market is divided into the United States, Canada, and Mexico.

 

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 key players in the North America vessel monitoring system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Remora Costa Rica
  • ZenVMS
  • MetOcean Telematics
  • Pole Star Space Applications
  • ROM Communications Inc
  • Others

 

Market Share by Vessel Type

The fishing vessels segment, based on vessel type, accounts for a healthy share of the North America vessel monitoring system market. Authorities of the United States are currently focussing on bringing light to suspicious behaviours in the sea, discouraging illegal fishing activities, protecting habitats in the ocean, and reducing animal cruelty. Emergence of automatic identification system (AIS) as an individual tool for monitoring fishing activities is another key driving factor of the segment, which is likely to increase the efficiency and safety in fishing activities.

 

Meanwhile, the passenger ships and ferries segment is anticipated to witness a steady growth in the forecast period. The increasing incorporation of vessel monitoring systems in public and passenger vessels to reduce vessel collisions and to increase awareness about ship location, in order to improve the safety of passengers, is expected to bolster the growth of this segment in the coming years.

 

Market Share by Application

Based on application, the fisheries management segment accounts for a significant share in the North America vessel monitoring system market. Vessel monitoring systems are crucial for sustaining, protecting, and maintaining the health of marine ecosystem. The increasing domestic demand for seafood is further leading to a heightened deployment of fishing vessels, and with an increased number of fishing vessels deployed in the region there is a greater need for efficient tracking to prevent collisions as well as over fishing in specific areas. Favourable policies of the governments in the region, aimed towards combatting illegal fisheries, while maintaining security in reserved fishing zones are expected to enhance the demand for vessel monitoring systems in the forecast period.

 

north-america-vessel-monitoring-system-market-by-region

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Competitive Landscape

Remora Costa Rica is a company which develops tech solutions for seafood traceability and the technological solutions portfolio of this company includes vessel monitoring systems, smart scales, mobile applications, and fishing data platforms, among others. The company was founded in 2016 and is currently headquartered in San Jose, Costa Rica.

 

ZenVMS is a leading company which provides regulated fishing vessels and simple to use solutions built for commercial and for-hire fishermen. Users of ZenVMS get their online activation and online support demands catered to using the reliable services offered by this company. ZenVMS is currently based out of Florida in the United States.

 

MetOcean Telematics is a renowned satellite communications company which provides devices such as handsets, hardware, vessel tracking and data services, and military communication equipment, among others. The product portfolio of this company also includes equipment and devices related to ice tracking, weather monitoring, and subsurface monitoring, among others. It was founded in 1984 and is currently headquartered in Nova Scotia, Canada.

 

Other market players include Pole Star Space Applications, and ROM Communications Inc, 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
  • United States
  • Canada
  • Mexico
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
  • Remora Costa Rica
  • ZenVMS
  • MetOcean Telematics
  • Pole Star Space Applications 
  • ROM Communications Inc
  • 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    North America
    6.2    Region
7    Opportunities and Challenges in the Market
8    North America Vessel Monitoring System Market Analysis

    8.1    Key Industry Highlights
    8.2    North America Vessel Monitoring System Historical Market (2018-2023) 
    8.3    North America Vessel Monitoring System Market Forecast (2024-2032)
    8.4    North America 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    North America 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    North America Vessel Monitoring System Market by Country
        8.6.1    United States
        8.6.2    Canada
        8.6.3    Mexico
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Competitive Landscape
    10.1    Market Structure
    10.2    Company Profiles
        10.2.1    Remora Costa Rica
            10.2.1.1    Company Overview
            10.2.1.2    Product Portfolio
            10.2.1.3    Demographic Reach and Achievements
            10.2.1.4    Certifications
        10.2.2    ZenVMS
            10.2.2.1    Company Overview
            10.2.2.2    Product Portfolio
            10.2.2.3    Demographic Reach and Achievements
            10.2.2.4    Certifications
        10.2.3    MetOcean Telematics
            10.2.3.1    Company Overview
            10.2.3.2    Product Portfolio
            10.2.3.3    Demographic Reach and Achievements
            10.2.3.4    Certifications
        10.2.4    Pole Star Space Applications 
            10.2.4.1    Company Overview
            10.2.4.2    Product Portfolio
            10.2.4.3    Demographic Reach and Achievements
            10.2.4.4    Certifications
        10.2.5    ROM Communications Inc
            10.2.5.1    Company Overview
            10.2.5.2    Product Portfolio
            10.2.5.3    Demographic Reach and Achievements
            10.2.5.4    Certifications
        10.2.6    Others
11    Key Trends and Developments in the Market

 

List of Key Figures and Tables

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

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 13.9% between 2024 and 2032.

The increasing awareness and stringent regulations of governments across the region regarding maritime security, rising cases of illegal fishing activities, and increasing upgradation of fleets are the major drivers of the market.

The key trends in the market include the growing sophistication and technological advancements of fishing and passenger vessels, rising fishing activities, and increasing spending towards search and rescue.

Fishing vessel, cargo vessel, service vessel, and passenger ships and ferries, among others, are the different vessel types in the market.

Fisheries management, and surveillance, among others, are the primary applications of the market.

Yes, vessel monitoring system has been declared mandatory by the United Nations.

The main objective of a vessel monitoring system is to curb illegal or criminal activities in the sea.

The major countries in the vessel monitoring system market in North America are the United States, Canada, and Mexico.

Remora Costa Rica, ZenVMS, MetOcean Telematics, Pole Star Space Applications, and ROM Communications Inc, among others, are the key players in the North America vessel monitoring system market, according to the report.

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