Middle East and Africa Vessel Monitoring System Market Report and Forecast 2024-2032

Middle East and Africa Vessel Monitoring System Market Outlook

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.

Key Trends in the Market

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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• Growing consumption of seafood in the Middle East and Africa region is increasing the demand for vessel monitoring systems for restricting and identifying any unidentified vessels from engaging in illegal fishing activities. This trend is expected to fuel the growth of the Middle East and Africa vessel monitoring system market over the forecast period.

• A key trend propelling the growth of the vessel monitoring systems market in the Middle East and Africa is the increasing globalisation across various countries, resulting in heightened movement of cargo vessels. Vessel monitoring systems aid in tracking and managing the movement of heavy cargo vessels, thereby reducing the risk of collisions or accidents.

• Another crucial trend positively impacting the Middle East and Africa vessel monitoring system market is integration of vessel monitoring systems with technologies such as machine learning and artificial intelligence. Such integrations improve the efficacy of search and rescue missions and reduce costs of routine patrols.

Market Analysis

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.

• Applied Satellite Technology Ltd

• CLS Fisheries

• ORBCOMM Inc.

• Trackwell

• Others

Market Share by Country

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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Competitive Landscape

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.

Key Highlights of the Report