Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

North America Vessel Monitoring System Market Outlook

The North America vessel monitoring system market size is estimated to grow at a CAGR of 13.9% between 2024 and 2032.

Key Takeaways:

  • As per NOAA, the US VMS supports law enforcement, preventing violations through targeted patrols in high-risk zones, with over 4,000 vessels monitored 24/7.
  • Sophisticated navigation techs like GPS and radar enhance vessel tracking, cut fuel use, and streamline routes. Robotics and big data analysis boost efficiency, thus, driving the North America vessel monitoring system market growth.
  • In 2021, the Marine Economy Satellite Account, a collaboration of NOAA and the U.S. Bureau of Economic Analysis, noted a 7.4% increase in its GDP contribution.

As per the National Oceanic and Atmospheric Administration (NOAA), the vessel monitoring system (VMS) is primarily employed for satellite surveillance, focusing on tracking the movements and positions of commercial fishing vessels. This system relies on satellite-based communication facilitated by transceiver units installed on board-specific vessels, which are mandated to carry them. These transceiver units transmit periodic position reports containing details such as vessel identification, time, date, and location. Subsequently, this data is mapped and presented on the user's computer interface.

As per the North America vessel monitoring system market report, under normal circumstances, vessels transmit position reports at hourly intervals. However, the frequency of these transmissions may be adjusted as vessels approach environmentally sensitive areas, potentially increasing the intervals. In instances where a vessel's location prompts concerns or necessitates further examination, alerts can be dispatched to VMS technicians and relevant personnel to initiate additional inquiries or communication with the vessel operator.

north-america-vessel-monitoring-system-market

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Key Trends and Developments

The North America vessel monitoring system market growth is driven by an increasing focus on curbing illegal marine activities, a growing marine economy, and government initiatives.

Date Event Details
October 2023 Philippines-Canada Pact Agreement signed for Ottawa to assist Manila in monitoring coastal and open waters using Canadian satellite surveillance technology to enhance maritime monitoring capabilities in the region.
October 2023 Canada implemented UNSCRs resolutions Canada conducted monitoring and surveillance operations targeting illicit maritime activities, including the transfer of goods between ships at sea. This effort ensured the effective implementation of relevant UNSCRs resolutions.
July 2023 Barnacle Systems Inc. Equips Canadian Coast Guard Oak Bay's Barnacle Systems Inc. equipped the Canadian Coast Guard with Rapid Deploy devices for nationwide monitoring of abandoned boats, enhancing Canada's capabilities for monitoring and managing maritime assets and activities within its waters.
March 2023 Joint Coast Guard Operation A joint coast guard operation between Seychelles and the United States successfully apprehended an illegal fishing vessel carrying dolphin meat, highlighting international cooperation in combating illegal fishing activities and protecting marine resources.
Trends Impact
Illegal marine activities The rising instances of criminal/illegal activities at sea, such as illegal fishing and cruelty to marine life, are driving the North America vessel monitoring system market. These systems aid in managing sensitive and protected areas like marine sanctuaries by preventing commercial fishing vessels from violating laws and regulations aimed at safeguarding marine life.
Growing marine economy In 2021, the Marine Economy Satellite Account, a collaboration between NOAA and the U.S. Bureau of Economic Analysis, reported a 7.4% rise in the marine economy's GDP contribution and a 10.5% increase in sales. The ocean presents substantial economic opportunities, driving demand for vessel monitoring due to heightened illegal activities.
Rapid advancements in technology Sophisticated navigation technologies like GPS and radar enhance vessel tracking accuracy and streamline route planning, cutting fuel usage and travel durations. Robotics and automation accelerate tasks, lower errors, and mitigate risks.
Government initiatives The VMS program aids law enforcement efforts and deters law and regulation breaches by enabling targeted patrols in high-risk areas. With over 4,000 vessels monitored, it's the world's largest national VMS fleet, operating 24/7 with exceptional accuracy.

North America Vessel Monitoring System Market Trends

The integration of state-of-the-art technologies like artificial intelligence (AI) and machine learning (ML) into advanced ship monitoring software is increasing, with the aim to provide superior insights for research and development. This software extends beyond maritime use, seamlessly integrating with ground, airborne, or drone platforms.

As per the North America vessel monitoring system market analysis, it helps authorities identify vessels and detect illegal fishing activities, assisting in monitoring and tracking unauthorised vessels breaching national borders. With continuous technological progress, vessel monitoring software now includes features such as surface temperature monitoring, traffic management, satellite communication, and real-time weather forecasting.

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

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Market Segmentation

North America Vessel Monitoring System Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup Categories
Vessel Type Fishing Vessel, Cargo Vessel, Service Vessel, Passenger Ships and Ferries, Others
Application Fisheries Management, Surveillance, Others
Country United States, Canada

Based on vessel type, North America vessel monitoring system market share is led by fishing vessels

The increased prominence of the automatic identification system (AIS) as an independent tool for monitoring fishing activities is a major catalyst for this sector, offering improved efficiency and safety.

Moreover, the integration of vessel monitoring systems in passenger ships and ferries is on the rise, aimed at minimising collisions and enhancing passenger safety by providing better awareness of vessel positions, thereby stimulating segment expansion in the coming years.

The enhancement of the North America vessel monitoring system market is driven by its utilisation in fisheries management

A fishing vessel monitoring system is a fisheries surveillance program wherein equipment installed on fishing vessels offers details about their location and operations. It improves safety in navigation, operational effectiveness, transparency, and security within the maritime sector, aiding the vessel monitoring system market in North America.

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

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Competitive Landscape

Companies are constantly adapting to the changing activities in the marine sector and government initiatives and regulations to stay ahead in the market.

Company Year Founded Headquarters Focus and Services
CLS 1986 France, Europe Safeguarding marine resources and advancing the Blue Economy. Data, expertise, software, hardware, and value-added services for sustainable management
ZenVMS - Florida, United States User-friendly solutions for regulated fishing vessels and commercial or for-hire fishermen. Efficient online activation and support services
MetOcean Telematics 1984 Nova Scotia, Canada Satellite communications. Handsets, hardware, vessel tracking, military communication equipment, ice tracking, weather and subsurface monitoring devices, and data services
Pole Star Space Applications 1998 London, United Kingdom Fleet management, ship security, and fisheries monitoring systems for the maritime sector. Dependable and inventive solutions for global monitoring and management of assets

Other key players in the vessel monitoring system market in North America are OrbitMI, Inc., ROM Communications Inc., Market Spectrum, Inc., and Addvalue Technologies among others.

North America Vessel Monitoring System Market Analysis by Country

The vessel monitoring system market in the United States is thriving, driven by the surveillance of both fishing and commercial vessels. Further, the rise in fish and fish product consumption within the United States contributes to the North America vessel monitoring system market development.

U.S. ANNUAL PER-CAPITA CONSUMPTION OF FISH AND SHELLFISH, IN POUNDS, 2016-2020

North America Vessel Monitoring System Market

Fisheries and Oceans Canada's National Vessel Monitoring System, which relies on satellite technology for near real-time positional tracking, is experiencing growth during the forecast period.

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
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • 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
  • OrbitMI, Inc.
  • ZenVMS
  • MetOcean Telematics
  • Pole Star Space Applications
  • ROM Communications Inc
  • Market Spectrum, Inc
  • CLS
  • Addvalue Technologies
  • 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.

*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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Key Questions Answered in the Report

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

The vessel monitoring system market is growing with increasing demand with illegal marine activities, a growing marine economy, rapid advancement in technology and government initiatives.

Based on the vessel type, the market is divided into fishing vessels, cargo vessels, service vessels, passenger ships and ferries and others.

Key players in the arket are OrbitMI, Inc., ZenVMS, MetOcean Telematics, Pole Star Space Applications, ROM Communications Inc., Market Spectrum, Inc., CLS, and Addvalue Technologies among others.

Based on application, the vessel monitoring system market is divided into Fisheries Management, Surveillance and Others.

The market by country is the United States of America and Canada.

The primary goal of a vessel monitoring system is to deter illicit or unlawful activities at sea.

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