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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
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 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.
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