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.
The North America Vessel Monitoring System market is expected to grow at a CAGR of 13.9% 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.
The vessel monitoring system (VMS) refers to a satellite surveillance system chiefly employed to observe the movement and location of commercial fishing boats within U.S. jurisdiction and treaty areas. The system makes use of satellite and cellular based communications from transceiver units onboard, which specific vessels are required to carry. The transceiver units transmit position reports that include vessel identification, time, date, and location, and are mapped and exhibited on the computer screen of the end user.
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.
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.
An important feature of vessel monitoring system is that it also acts as an effective tool to track vessels in need of immediate help. Vessels and ships with vessel monitoring system and in need of immediate help can inform appropriate authorities or other ships in the vicinity and call for SOS help. Such features and benefits are expected to drive the North America Vessel Monitoring System market. Solutions such as Trackwell VMS is used by Fisheries Authorities for Extended Economy Zone management – Surveillance, Fisheries Control and Search and Rescue. The system offers users the tools to monitors vessel movements; positional data received from the system may be used to analyse vessel behaviour, for law enforcement as well as resource management purposes. Generally, Trackwell provides the entire VMS software, technical maintenance and user-level support.
Modern systems have become increasingly sophisticated, and come with the capability of being integrated with other management tools. Such solutions are expected to drive the North America Vessel Monitoring System market. Service providers offer advanced features such as:
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 North America 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
6.1 North America
7 Industry Opportunities and Challenges
8 North America Vessel Monitoring System Market Analysis
8.1 Key Industry Highlights
8.2 North America Vessel Monitoring System Historical Market (2017-2021)
8.3 North America Vessel Monitoring System Market Forecast (2022-2027)
8.4 North America Vessel Monitoring System Market by Vessel Type
8.4.1 Fishing Vessel
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.2 Cargo Vessel
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.3 Service Vessel
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.4 Passenger Ships and Ferries
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5 North America Vessel Monitoring System Market by Application
8.5.1 Fisheries Management
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6 North America Vessel Monitoring System Market by Country
8.6.1 Market Share
22.214.171.124 United States
9 Market Dynamics
9.1 SWOT Analysis
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
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
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
10.2.4 Pole Star Space Applications
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.5 ROM Communications Inc
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
11 Industry Events and Developments
List of Key Figures and Tables
1. North America Vessel Monitoring System Market: Key Industry Highlights, 2017 and 2027
2. North America Vessel Monitoring System Historical Market: Breakup by Vessel Type (USD Million), 2017-2021
3. North America Vessel Monitoring System Market Forecast: Breakup by Vessel Type (USD Million), 2022-2027
4. North America Vessel Monitoring System Historical Market: Breakup by Application (USD Million), 2017-2021
5. North America Vessel Monitoring System Market Forecast: Breakup by Application (USD Million), 2022-2027
6. North America Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2022-2027
8. North America Vessel Monitoring System Market Structure.
The North America vessel monitoring system market is projected to grow at a CAGR of 13.9% between 2022 and 2027.
The major drivers of the market include the rise in vessel traffic, high demand for long range tracking and identification and demand for safe navigation, growing adoption of modern solutions, growing efforts by governments, and rise in production of vessels.
The increasing number of applications of fisheries and the greater monitoring of vessels to curb illegal fishing are the key industry trends propelling the market's growth.
The major regions in the industry are United States, Canada, and Mexico.
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 Remora Costa Rica, ZenVMS, MetOcean Telematics, Pole Star Space Applications, and ROM Communications Inc, among others.
The North America vessel monitoring system market was driven by the increasing number of applications of fisheries in the historical period. Aided by the rise in vessel traffic and greater monitoring of vessels to curb illegal fishing, the market is expected to grow at a CAGR of 13.9% 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 United States, Canada, and Mexico. The major players in the industry are Applied Satellite Technology Ltd, CLS Fisheries, ORBCOMM Inc., and Trackwell, 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.
Single User License
Five User License
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.
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.
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.
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.