Sale

Vessel Monitoring System Market

Global Vessel Monitoring System Market Share, Forecast: 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

Global Vessel Monitoring System Market Outlook

The global Vessel Monitoring System market is expected to grow at a CAGR of 11.70% during the period 2024-2032. North America, Europe and Asia Pacific are expected to be key markets.

 

vessel-monitoring-system-market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Global Market Likely to be Driven by Need to Monitor, Regulate and Observe Vessel Movement

Vessel monitoring systems are used by fisheries authorities, coastguards and navies for surveillance, search and rescue, resource management and fisheries control. Appropriate vessel monitoring can save lives and make fishing more sustainable. It is suggested that almost fifteen percent (over 25 million tonnes) of seafood is captured through Illegal, Unreported and Unregulated (IUU) fishing.

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. In 2023, Wales became the first nation in the UK to require all of its licensed commercial fishing boats to be fitted with a Vessel Monitoring System (VMS). Such regulations are expected to drive the global vessel monitoring system market. Boats that were 12m or over in length were already required to have such a system in place, but the order meant those boats under this size, more than 350 boats, must have a VMS device. The under 12 metre fishing fleet accounted for nearly 97% of Welsh registered fishing boats.  The vessel monitoring system would transmit the geographical position, date, time, speed and course of a boat, at least once every ten minutes, while fishing operations were being carried out.

 

Ability of Vessel Monitoring Systems to Aid Law Enforcement and Facilitate Calls for Help Likely to Boost Market Growth

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.

By making the installation of a VMS mandatory by law, the Thai Department of Fisheries has been able to monitor and regulate fishing vessel movements. ETNECA, Thailand’s key service provider of maritime satellite communications, develops data transmission and marine communication services, delivering vessel tracking, marine data transmission, marine traffic monitoring and electronic fishing industry protection services throughout Thailand and Myanmar. It is one of ORBCOMM’s key solution providers in the region. In 2014, ETNECA turned to ORBCOMM to generate a VMS solution for Thailand. Working with ORBCOMM’s two-way global IsatData Pro (IDP) satellite technology, ETNECA deployed ORBCOMM’s IDP-690, and later the ST 6100 – satellite terminals designed to provide full visibility of fishing operations and access vessel data including real-time position, course and speed as well as catch report—regardless of vessel location.

In 2019 The Government of National Unity procured 300 Vessel Monitoring Systems (VMS) to safeguard the life and vessels of fishermen on both St. Kitts and Nevis. St. Kitts and Nevis was the first nation in the region to introduce this as a compulsory means of tracking for all the Federation’s fishing vessels.

 

vessel-monitoring-system-market-by-segmentation

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Market Segmentation

By vessel type, the global vessel monitoring system 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 region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

vessel-monitoring-system-market-by-region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Key Industry Players in the Market

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

  • Addvalue Technologies Ltd
  • Applied Satellite Technology Ltd
  • CLS Group
  • Visma
  • Pole Star Space Applications
  • SRT Marine Systems plc
  • ROM Communications Inc
  • 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 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
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
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
  • Addvalue Technologies Ltd
  • Applied Satellite Technology Ltd
  • CLS Group
  • Visma
  • Pole Star Space Applications
  • SRT Marine Systems plc
  • 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.

 

Vessel Monitoring System Market Report Snapshots

Vessel Monitoring System Market Size

Vessel Monitoring System Market Growth

Vessel Monitoring System Companies

 

*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.

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    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Vessel Monitoring System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Vessel Monitoring System Historical Market (2018-2023) 
    8.3    Global Vessel Monitoring System Market Forecast (2024-2032)
    8.4    Global 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    Global 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    Global Vessel Monitoring System Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Vessel Monitoring System Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Vessel Monitoring System Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific  Vessel Monitoring System Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Vessel Monitoring System Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Vessel Monitoring System Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Addvalue Technologies Ltd 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Applied Satellite Technology Ltd 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    CLS Group
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Visma 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Pole Star Space Applications
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    SRT Marine Systems plc 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    ROM Communications Inc 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends  and Developments in the Market

 

List of Key Figures and Tables

1.    Global Vessel Monitoring System Market: Key Industry Highlights, 2018 and 2032
2.    Global Vessel Monitoring System Historical Market: Breakup by Vessel Type (USD Million), 2018-2023
3.    Global Vessel Monitoring System Market Forecast: Breakup by Vessel Type (USD Million), 2024-2032
4.    Global Vessel Monitoring System Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Vessel Monitoring System Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Vessel Monitoring System Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Vessel Monitoring System Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Vessel Monitoring System Market Structure.

Key Questions Answered in the Report

The global vessel monitoring system market is projected to grow at a CAGR of 11.70% between 2024 and 2032.

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, rapid technological advancements, and rise in production of vessels.

The ability of vessel monitoring systems to aid law enforcement 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 industry are North America, Europe, Latin America, Asia Pacific, the Middle East and Africa, 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 of the market are fisheries management and surveillance, among others.

Automatic identification systems (AIS) were developed as a collision avoidance tool and are required by international law for ships over a certain size and by national legislation for some smaller ships whereas a custom fisheries management system governed at the national and regional levels is the vessel monitoring system (VMS).

The monitoring the vessel has become mandatory with the monitoring of the United Nations. Thus, every nation across the world needs to enforce VMS as an effective tool for ship tracking and vessel monitoring.

The major players in the industry are Addvalue Technologies Ltd, Applied Satellite Technology Ltd, CLS Group, Visma, Pole Star Space Applications, SRT Marine Systems plc, and ROM Communications Inc, among others.

Purchase Full Report

Mini Report

$ 2199     $1999
  • 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

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • 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

$ 5499     $4999
  • 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