Asia Pacific Vessel Monitoring System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application (Fisheries Management, Surveillance, and Others) and Vessel Type (Fishing Vessels, Cargo Vessels, Service Vessels, Passenger Ships and Ferries, and Others)
The vessel monitoring system (VMS) market in APAC is expected to grow from US$ 282.46 million in 2019 to US$ 600.14 million by 2027; it is estimated to grow at a CAGR of 10.3 % from 2020 to 2027.
The Australia, China, India, Japan, and South Korea are major economies in APAC. Surge in need for tracking due to illegal activities is expected to upswing the vessel monitoring system market in APAC. The governments across the APAC are increasing defense and boarder control spending each year owing to rising threat to homeland. There is an increasing need to track illegal fishing activities, movement of goods, people, and illicit material. Furthermore, with the integration of advanced technologies such as artificial intelligence and machine learning in advanced VMS to provide better insights for research and development purposes hence driving the vessel monitoring system market in APAC region. The VMS is not just limited to seaborne vessel application it can be integrated with any surface or airborne machine, vehicle or drone. The VMS are equipped with various technologies such as antenna and receiver, computer, and a transmitter. These components not only help vessels operator navigate through the sea or water body but also allow the governing or border security bodies to monitor the movement and traffic in territory. Also it allows the governing body to identify any vessel and illegal fishing activities in restricted territory or during restricted time and further it also assist to detect and track non permitted or unidentified vessel operating or breaching the national borders. Thus, the increase in need for tracking due to illegal activities is expected to create a significant demand for VMS in the coming years, which is further anticipated to drive the vessel monitoring system market in APAC.
Further, in case of COVID-19, APAC is highly affected specially China and India. The governments in APAC countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector. China, Japan, South Korea, India, Vietnam, Thailand, Indonesia are some major countries having well-established business of fisheries. However, disruption in supply chain has reduced the number of fishing vessels during the pandemic situation, which will negatively impact the installation of VMS in existing fishing vessels hence affecting the APAC vessel monitoring system market. Also, temporary shutdown of manufacturing units has decreased the procurement of fishing, cargo, and other vessels. This further impacted the deployment of VMS. In respect to cargo vessels, China, Hong Kong, South Korea, and Japan are the top APAC export countries which have observed negative impact in their cargo shipment. Because of low demand and movement ban, the number of cargo vessels has fallen down drastically that further decreases installation of VMS. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the vessel monitoring system market growth of the APAC region negatively for the next few quarters.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC vessel monitoring system market. The APAC vessel monitoring system market is expected to grow at a good CAGR during the forecast period.
APAC Vessel Monitoring System Market Get more information on this report :
APAC Vessel Monitoring System Market Segmentation
APAC Vessel Monitoring System Market – By Application
- Fisheries Management
- Surveillance
- Others
APAC Vessel Monitoring System Market – By Vessel Type
- Fishing Vessels
- Cargo Vessels
- Service Vessels
- Passenger Ships and Ferries
- Others
APAC Vessel Monitoring System Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Vessel Monitoring System Market - Companies Mentioned
- Addvalue Technologies
- Applied Satellite Technology Ltd
- Beijing Highlander Digital Technology Co., Ltd.
- CLS Fisheries
- ORBCOMM Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Vessel Monitoring System Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Vessel Monitoring System Market– Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Need for Tracking due to Illegal Activities
5.1.2 Increase in Fisheries Application
5.2 Market Restraint
5.2.1 Expensive Installation and Maintenance
5.3 Market Opportunity
5.3.1 Escalating Growth in Cargo Tracking Opportunities
5.4 Future Trend
5.4.1 Merging Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vessel Monitoring System Market – APAC Analysis
6.1 APAC Vessel Monitoring System Market Overview
6.2 APAC Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. APAC Vessel Monitoring System Market Revenue and Forecast to 2027 –By Application
7.1 Overview
7.2 APAC Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027
7.3 Fisheries Management
7.3.1 Overview
7.3.2 Fisheries Management Market Forecast and Analysis
7.4 Surveillance
7.4.1 Overview
7.4.2 Surveillance Market Forecast and Analysis
7.5 Others
7.5.1 Overview
7.5.2 Others Market Forecast and Analysis
8. APAC Vessel Monitoring System Market Revenue and Forecast to 2027 –By Vessel Type
8.1 Overview
8.2 APAC Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027
8.3 Fishing Vessel
8.3.1 Overview
8.3.2 Fishing Vessel Market Forecast and Analysis
8.4 Cargo Vessel
8.4.1 Overview
8.4.2 Cargo Vessel Market Forecast and Analysis
8.5 Service Vessel
8.5.1 Overview
8.5.2 Service Vessel Market Forecast and Analysis
8.6 Passenger Ships & Ferries
8.6.1 Overview
8.6.2 Passenger Ships & Ferries Market Forecast and Analysis
8.7 Others
8.7.1 Overview
8.7.2 Others Market Forecast and Analysis
9. APAC Vessel Monitoring System Market – Country Analysis
9.1 Overview
9.1.1 APAC: Vessel Monitoring System Market, By Country
9.1.1.1 Australia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Australia: Vessel Monitoring System Market, by Vessel Type
9.1.1.1.2 Australia: Vessel Monitoring System Market, by Application
9.1.1.2 China: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 China: Vessel Monitoring System Market, by Vessel Type
9.1.1.2.2 China: Vessel Monitoring System Market, by Application
9.1.1.3 India: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 India: Vessel Monitoring System Market, by Vessel Type
9.1.1.3.2 India: Vessel Monitoring System Market, by Application
9.1.1.4 Japan: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Japan: Vessel Monitoring System Market, by Vessel Type
9.1.1.4.2 Japan: Vessel Monitoring System Market, by Application
9.1.1.5 South Korea: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: Vessel Monitoring System Market, by Vessel Type
9.1.1.5.2 South Korea: Vessel Monitoring System Market, by Application
9.1.1.6 Rest of APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of APAC: Vessel Monitoring System Market, by Vessel Type
9.1.1.6.2 Rest of APAC: Vessel Monitoring System Market, by Application
10. Impact of COVID-19 Pandemic on APAC Vessel Monitoring System Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 ORBCOMM Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Applied Satellite Technology Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Addvalue Technologies
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Beijing Highlander Digital Technology Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 CLS Fisheries
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 5. China: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. India: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 7. India: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. South Korea: Vessel Monitoring System Market, By Vessel Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of APAC: Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of APAC: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Vessel Monitoring System Market Segmentation
Figure 2. APAC Vessel Monitoring System Market Segmentation – By Country
Figure 3. APAC Vessel Monitoring System Market Overview
Figure 4. APAC Vessel Monitoring System Market, by Country
Figure 5. APAC Vessel Monitoring System Market, By Vessel Type
Figure 6. APAC Vessel Monitoring System Market, By Application
Figure 7. APAC: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. APAC Vessel Monitoring System Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. APAC Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027 (%)
Figure 13. APAC Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. APAC Surveillance Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. APAC Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. APAC Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027 (%)
Figure 17. APAC Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. APAC Cargo Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. APAC Service Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. APAC Passenger Ships & Ferries Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. APAC Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. APAC: Vessel Monitoring System Market Revenue Share, By Country (2019 and 2027)
Figure 23. Australia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. China: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. India: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Japan: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on APAC Country Markets
- Addvalue Technologies
- Applied Satellite Technology Ltd
- Beijing Highlander Digital Technology Co., Ltd.
- CLS Fisheries
- ORBCOMM Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC vessel monitoring system market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC vessel monitoring system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the vessel monitoring system market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution