Middle East & Africa 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 MEA is expected to grow from US$ 47.20 million in 2019 to US$ 94.26 million by 2027; it is estimated to grow at a CAGR of 9.4 % from 2020 to 2027.
The South Africa, Saudi Arabia, and UAE are major economies in MEA. Surge in need for monitoring due to illegal activities is expected to impact the vessel monitoring system market in MEA. The governments across the MEA are increasing defense and boarder control spending each year owing to rising threat to homeland. There is an increasing need to monitor illegal fishing activities, movement of goods, people, and illicit material. 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. Due to increase in illegal trading and activities, it is expected that demand of VMS will increase for monitoring and tracking purpose, which is further anticipated to drive the MEA vessel monitoring system market.
Further, in case of COVID-19, MEA is highly affected especially Saudi Arabia. Coronavirus outbreak has highly disrupted the supply and demand gap in the adoption of VMS (vessel monitoring system) in MEA countries. The population of MEA consumes higher volumes of seafood that is resulting into more trade in fisheries. However, due to disruptions in the supply chain of transporting fish and other seafood items caused by travel ban has affected the fisheries sector of the region massively hence affected the MEA vessel monitoring system market badly. In addition, limited trade of other products, which are transported through cargo vessels, has also witnessed a downfall because of low demand from end users. Coronavirus had negatively affected the MEA vessel monitoring system market. The imposition of lockdown and movement of vehicles by government bodies to reduce curb the spread of the virus has negatively impacted the trade of products across MEA which has negatively affected the MEA vessel monitoring system market. Owing to the low business of trade, the number of cargo vessels, fisheries vessels has decreased drastically, which limited the use of VMS. Also, due to the temporary shutdown of manufacturing units, the procurement of new ships had negatively impacted, which has affected the MEA vessel monitoring system market negatively.
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 MEA vessel monitoring system market. The MEA vessel monitoring system market is expected to grow at a good CAGR during the forecast period.
MEA Vessel Monitoring System Market
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MEA Vessel Monitoring System Market Segmentation
MEA Vessel Monitoring System Market – By Application
- Fisheries Management
- Surveillance
- Others
MEA Vessel Monitoring System Market – By Vessel Type
- Fishing Vessels
- Cargo Vessels
- Service Vessels
- Passenger Ships and Ferries
- Others
MEA Vessel Monitoring System Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Vessel Monitoring System Market - Companies Mentioned
- Applied Satellite Technology Ltd
- BlueTraker
- CLS Fisheries
- ORBCOMM Inc.
- Trackwell
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. MEA Vessel Monitoring System Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Vessel Monitoring System Market– Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Need for Monitoring due to Illegal Activities
5.1.2 Escalating Fisheries Applications
5.2 Market Restraint
5.2.1 High Establishment Cost
5.3 Market Opportunity
5.3.1 Rising Possibilities for Cargo Monitoring
5.4 Future Trend
5.4.1 Combination with New Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vessel Monitoring System Market –MEA Analysis
6.1 MEA Vessel Monitoring System Market Overview
6.2 MEA Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. MEA Vessel Monitoring System Market Revenue and Forecast to 2027 –By Application
7.1 Overview
7.2 MEA 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. MEA Vessel Monitoring System Market Revenue and Forecast to 2027 –By Vessel Type
8.1 Overview
8.2 MEA 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. MEA Vessel Monitoring System Market – Country Analysis
9.1 Overview
9.1.1 MEA: Vessel Monitoring System Market, by Key Country
9.1.1.1 South Africa: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Vessel Monitoring System Market, by Vessel Type
9.1.1.1.2 South Africa: Vessel Monitoring System Market, by Application
9.1.1.2 Saudi Arabia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Vessel Monitoring System Market, by Vessel Type
9.1.1.2.2 Saudi Arabia: Vessel Monitoring System Market, by Application
9.1.1.3 UAE: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 UAE: Vessel Monitoring System Market, by Vessel Type
9.1.1.3.2 UAE: Vessel Monitoring System Market, by Application
9.1.1.4 Rest of MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of MEA: Vessel Monitoring System Market, by Vessel Type
9.1.1.4.2 Rest of MEA: Vessel Monitoring System Market, by Application
10. Impact of COVID-19 Pandemic on MEA Vessel Monitoring System Market
10.1 MEA: 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 BlueTraker
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 CLS Fisheries
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 Trackwell
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. MEA Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. South Africa: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of MEA: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of MEA: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Vessel Monitoring System Market Segmentation
Figure 2. MEA Vessel Monitoring System Market Segmentation – By Country
Figure 3. MEA Vessel Monitoring System Market Overview
Figure 4. MEA Vessel Monitoring System Market, by Country
Figure 5. MEA Vessel Monitoring System Market, By Vessel Type
Figure 6. MEA Vessel Monitoring System Market, By Application
Figure 7. MEA: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. MEA Vessel Monitoring System Market: Impact Analysis of Drivers and Restraints
Figure 11. MEA Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. MEA Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027 (%)
Figure 13. MEA Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. MEA Surveillance Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. MEA Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. MEA Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027 (%)
Figure 17. MEA Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. MEA Cargo Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. MEA Service Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. MEA Passenger Ships & Ferries Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. MEA Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. MEA: Vessel Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. South Africa: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Saudi Arabia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. UAE: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Rest of MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic on MEA Country Markets
- Applied Satellite Technology Ltd
- BlueTraker
- CLS Fisheries
- ORBCOMM Inc.
- Trackwell
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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