Reports
Sale
South Korea Vessel Tracking System Market Size, Analysis: By Type: Automatic Identification System (AIS), Vessel Monitoring System (VMS), Long Range Identification and Tracking, Others; By End Use: Fisheries Authorities, Coastguards, Navy and Marines, Defence; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
South Korea Vessel Tracking System Market Size
The South Korea vessel tracking system market is projected to grow at a CAGR of 8.7% between 2024 and 2032. The market is being driven by the rising energy imports in the country and surging investments aimed at enhancing cargo handling capabilities.
South Korea Vessel Tracking System Market Outlook
- Vessel monitoring systems are expected to dominate the market over the forecast period.
- Vessel tracking systems are expected to become increasingly important for its domestic navy and marines.
- Expansion of existing port infrastructure is expected to propel the market growth.
South Korea Vessel Tracking System Market Growth
Energy imports constituted 22.3% of South Korea’s total imports in 2021. South Korea is the world’s 8th largest consumer of energy, nearly 70% of which is sourced from the Middle East and is transported through the South China Sea. The country imports almost 92% of its energy requirements and is more dependent on energy imports than Japan. This is expected to lead to the market expansion as oil and natural gas importers seek to optimise the ship’s travel routes by checking data related to traffic congestion and weather pattern disturbances.
Major shipping companies are planning to enhance their cargo handling capabilities by introducing additional bulk container ships and expanding their existing fleet sizes. The increased supply of large-size container ships existing in the market is expected to bolster the market growth over the forecast period.
Increasing private sector investments in the construction of logistics facilities at major South Korean ports is expected to increase the demand for vessel tracking systems, which provide critical information about a ship’s location and trajectory to onshore port authorities for computing the ship’s estimated arrival time. This can enable them to ensure optimum time and resource allocation for providing maintenance and repair services, while significantly enhancing port operations.
South Korea Vessel Tracking System Industry Segmentation
South Korea Vessel Tracking System Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Automatic identification System (AIS)
- Vessel Monitoring System (VMS)
- Long Range Identification and Tracking
- Others
Market Breakup by End Use
- Fisheries Authorities
- Coastguards
- Navy and Marines
- Defence
South Korea Vessel Tracking System Market Share
Based on end use, the market can be segmented into fisheries authorities, coastguards, navy and marines, and defence. Navy and marines are expected to be one of the significant segments, as the South Korean navy seeks to boost its maritime warfare capabilities to safeguard its interests from neighbours such as China and North Korea. Vessel tracking systems boost operational awareness of personnel during drilling exercises and help in enhancing the overall training process.
Leading Companies in the South Korea Vessel Tracking System Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
- Marine Electronics
- ORBCOMM Inc
- Others
Major market players are boosting the technological capabilities of vessel tracking systems to enhance their defence capabilities.
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:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
7 Opportunities and Challenges in the Market
8 South Korea Vessel Tracking System Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Vessel Tracking System Historical Market (2018-2023)
8.3 Asia Pacific Vessel Tracking System Market Forecast (2024-2032)
8.4 Asia Pacific Vessel Tracking System Market Share by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 South Korea
8.4.7 Others
9 South Korea Vessel Tracking System Market Overview
9.1 Key Industry Highlights
9.2 South Korea Vessel Tracking System Historical Market (2018-2023)
9.3 South Korea Vessel Tracking System Market Forecast (2024-2032)
10 South Korea Vessel Tracking System Market by Type
10.1 Automatic Identification System (AIS)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Vessel Monitoring System (VMS)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Long Range Identification and Tracking
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 South Korea Vessel Tracking System Market by End Use
11.1 Fisheries Authorities
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Coastguards
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Navy and Marines
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Defence
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Marine Electronics
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 ORBCOMM Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Vessel Tracking System Market: Key Industry Highlights, 2018 and 2032
2. South Korea Vessel Tracking System Market: Key Industry Highlights, 2018 and 2032
3. South Korea Vessel Tracking System Historical Market: Breakup by Type (USD Million), 2018-2023
4. South Korea Vessel Tracking System Market Forecast: Breakup by Type (USD Million), 2024-2032
5. South Korea Vessel Tracking System Historical Market: Breakup by End Use (USD Million), 2018-2023
6. South Korea Vessel Tracking System Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. South Korea Vessel Tracking System Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.7% between 2024 and 2032.
The different types of vessel tracking systems in the market include automatic identification system (AIS), vessel monitoring system (VMS), and long range identification and tracking, among others.
The different end uses of vessel tracking systems in the market include fisheries authorities, coastguards, navy and marines, and defence.
The key market players are Marine Electronics, and ORBCOMM Inc., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 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
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
View A Sample
Did You Miss Anything, Ask Now
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