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Report Overview
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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.*
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Key Questions Answered in the Report
The global vessel monitoring system market is projected to grow at a CAGR of 11.70% between 2025 and 2034.
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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