The Vessel Monitoring System Market was valued at US$ 688.3 million in 2019 and is projected to reach US$ 1,571.0 million by 2027; it is expected to grow at a CAGR of 11.3% from 2020 to 2027.
The vessel monitoring system (VMS) is a satellite-based monitoring system providing data to end-user (operators of fishing vessels, cargo vessels) related to location, speed, and course of vessels. The VMS is heavily used for fisheries management. This system also finds its application in service vessels, passenger ships, and ferries. The fisheries managers have begun using VMS decades ago to track exact locations and monitor the fishing vessels' activity to strengthen the effectiveness of fisheries management measures. The VMS gathers vessel positions with help from GNSS satellite signals and transmits data to the communication server, which is further communicated to the land-based station/room. B using VMS, the task of tracking vessel becomes easy and fast, and assist in preventing wrongdoing activities at sea. Several factors, such as increasing demand from fisheries and cargo vessel sectors to have an eye on trade to curb unauthorized dealings. Countries such as Thailand and South Korea have started using VMS technology to monitor their vessels, ensuring that fisheries are carrying marine products legally. This aspect is creating more demand for vessel monitoring technology and hence driving the market growth. Another factor is the need for a mandatory environment to install VMS. Backed by government support, VMS is a standard system of fisheries monitoring and control globally. The European government has mandated that all European countries have this system, enabling them to transmit the data quickly and allow the Commission to monitor effectively. Besides, increasing international trade of goods other than fisheries at a large scale is projected to influence the demand for advanced tracking solutions such as VMS. Also, by integrating automatic identification system-based tools and other sophisticated techniques, VMS's adoption rate among the end-user industries will increase exponentially. As mentioned earlier, the integration of the systems will assist in managing critical challenges related to each mile-marker, terminal, anchorage, and buoy. Those as mentioned earlier are projected to fuel the market growth during the forecast period.
South Korea, Japan, China are, Spain are top five countries listed on conducing fisheries at high sea. Fisheries activities on large scale results in procurement of more fishing vessels which will directly influence the market growth. Also, growing international trade of products other than marine is also stimulating the use of cargo vessels. This factor will influence the market growth.
However, the APAC region dominated the vessel monitoring system market. Countries such as Thailand, Vietnam, China, and India are the prominent countries established for fisheries activities. Fisheries activities in mentioned countries will contribute in making the grow at an exponential rate. After APAC, Europe held the second largest share in the global vessel monitoring system market. The region is a pioneer in developing VMS and making it mandatory for fisheries and cargo vessel operators. The region is highly advanced in developing VMS. It also witnesses imprints of Applied Satellite Technology Ltd., BlueTraker, and CLS Fisheries which are engaged in the business of offering VMS. The North America region is a third largest region and is anticipated to grow at a highest CAGR. The US is a region’s largest nation for fisheries. As the region is technologically advanced, the adoption of VMS will grow massively. Whereas, Middle Eastern countries are looking forward to developing remote monitoring technology which will lead in introducing autonomous vessels. The countries of SAM are witnessing stable growth in VMS.
The outbreak of the COVID-19 virus negatively affects the 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 worldwide. 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, resulting in less VMS adoption. This factor has been analyzed while estimating the market size of the vessel monitoring system market in 2020.
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Market Insights
Escalating Growth in Fisheries Application
One of the primary applications of vessel management system is to monitor the action and movement of fishing vessels in the sea or water bodies. The vessel management system assists fishing vessel to report their catch, for instance as per European Union regulation fishing vessels are require reporting about their weekly catch, transshipment, catch on entry and catch on exit, port of landing etc. As per the international laws a country has exclusive economic zone to 200 nautical miles (370km) from its costal region which implies other state fishery or other vessel cannot access it without any approval. Furthermore, the specification and calibration of vessel management system differs from country to country according to reporting norms set by the particular governing authorities for fishery. The regional governments are also aiding with various monetary and non-monetary incentives such as reduced taxes, relaxed regulation and reporting norms, and complete ownership of business etc. For instance, the Member States receive EU funding to acquire state-of-the-art equipment and train the people accordingly.
Application-Based Market Insights
Based on application, the vessel monitoring system market is segmented into: Fisheries Management, Surveillance, and Others. One of the primary applications of vessel management system is to monitor the action and movement of fishery vessels in the sea or water bodies. As per the international laws a country has exclusive economic zone to 200 nautical miles (370km) from its costal region which implies other state fishery or other vessel cannot access it without any approval.
Vessel Type Based- Market Insights
Based on application, the vessel monitoring system market is segmented into: Fishing Vessel, Cargo Vessel, Service Vessel, Passenger Ships & Ferries, and Others. Fishing vessels are ships or boat used for catching fish from sea or any inner land water body like lake or river. There are majorly two type in fishing vessel i.e. artesian and commercial vessel. The artisan vessels are comparatively small in size and capacity compared to commercial fishing vessels also are cheaper.
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Vessel Monitoring System Market: Strategic Insights
Market Size Value in US$ 688.3 Million in 2019 Market Size Value by US$ 1,571.0 Million by 2027 Growth rate CAGR of 11.3% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Vessel Monitoring System Market: Strategic Insights
| Market Size Value in | US$ 688.3 Million in 2019 |
| Market Size Value by | US$ 1,571.0 Million by 2027 |
| Growth rate | CAGR of 11.3% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Applied Satellite Technology Ltd., Addvalue Technologies, Beijing Highlander Digital Technology Co., Ltd., among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global Vessel Monitoring System Market, which in turn permits them to maintain their brand name. A few of the recent key developments are:
- In 2020, Applied Satellite Technology (AST) Ltd declared a new joint venture with Wright Technologies in New Zealand who is leading provider of marine electronics services to the South Pacific markets.
- In 2020, CLS won Vessel Monitoring System (VMS) services for Irish commercial fisheries. The tender was released by Ireland’s Sea-Fisheries Protection Authority (SFPA).
Vessel Monitoring System Market Segmentation:
By Application
- Fisheries Management
- Surveillance
- Others
By Vessel Type
- Fishing Vessels
- Cargo Vessels
- Service Vessels
- Passenger Ships and Ferries
- Others
Company Profiles
- Applied Satellite Technology Ltd.
- Addvalue Technologies
- Beijing Highlander Digital Technology Co., Ltd.
- Bluetraker
- CLS Fisheries
- Orbcomm
- Orolia Maritime
- Trackwell
- Remora
- VISMA
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application and Vessel Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The APAC region led the vessel monitoring system market in 2019. However, the APAC region dominated the vessel monitoring system market.China, Japan, the Republic of Korea are major countries in Asia, and Indonesia, Thailand, the Philippines, and Vietnam in Southeast Asian known for fisheries business. For instance, Thailand monitored 7000 fishing vessels using VMS to ensure that the vessels are carrying fish legally. Fisheries activities in mentioned countries will contribute in making the market grow at an exponential rate.
The governments across the world 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. The vessel monitoring system is not just limited to seaborne vessel application it can be integrated with any surface or airborne machine, vehicle or drone. It allows the governing body to identify any 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. This factor is expected to influence the market growth.
The fisheries management segmentis the leading application in the market. One of the primary application of vessel management system is to monitor the action and movement of fishery vessels in the sea or water bodies.As per the international laws a country has exclusive economic zone to 200 nautical miles (370km) from its costal region which implies other state fishery or other vessel cannot access it without any approval. The above-mentioned fact about use of vessel monitoring for fisheries management will fuel the market growth.
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. Vessel Monitoring System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Vessel Monitoring System Market– Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Need for Tracking due to Unauthorized Activities
5.1.2 Escalating Growth in Fisheries Application
5.2 Market Restraint
5.2.1 High Costs Involved
5.3 Market Opportunity
5.3.1 Growing opportunities for Cargo Tracking
5.4 Future Trend
5.4.1 Integration with Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vessel Monitoring System – Global Market Analysis
6.1 Vessel Monitoring System Market Global Overview
6.2 Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Vessel Monitoring System Market Revenue and Forecast to 2027 – Application
7.1 Overview
7.2 Global 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. Vessel Monitoring System Market Revenue and Forecast to 2027 – Vessel Type
8.1 Overview
8.2 Global 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. Vessel Monitoring System Market – Geographic Analysis
9.1 Overview
9.2 North America: Vessel Monitoring System Market
9.2.1 North America: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Vessel Monitoring System Market, byVessel Type
9.2.3 North America: Vessel Monitoring System Market, by Application
9.2.4 North America: Vessel Monitoring System Market, by Key Country
9.2.4.1 US: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Vessel Monitoring System Market, by Vessel Type
9.2.4.1.2 US: Vessel Monitoring System Market, by Application
9.2.4.2 Canada: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Vessel Monitoring System Market, by Vessel Type
9.2.4.2.2 Canada: Vessel Monitoring System Market, by Application
9.2.4.3 Mexico: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Vessel Monitoring System Market, by Vessel Type
9.2.4.3.2 Mexico: Vessel Monitoring System Market, by Application
9.3 Europe: Vessel Monitoring System Market
9.3.1 Europe: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Vessel Monitoring System Market, By Vessel Type
9.3.3 Europe: Vessel Monitoring System Market, By Application
9.3.4 Europe: Vessel Monitoring System Market, By Country
9.3.4.1 Germany: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Vessel Monitoring System Market, by Vessel Type
9.3.4.1.2 Germany: Vessel Monitoring System Market, by Application
9.3.4.2 France: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Vessel Monitoring System Market, by Vessel Type
9.3.4.2.2 France: Vessel Monitoring System Market, by Application
9.3.4.3 Russia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Russia: Vessel Monitoring System Market, by Vessel Type
9.3.4.3.2 Russia: Vessel Monitoring System Market, by Application
9.3.4.4 UK: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Vessel Monitoring System Market, by Vessel Type
9.3.4.4.2 UK: Vessel Monitoring System Market, by Application
9.3.4.5 Italy: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Italy: Vessel Monitoring System Market, by Vessel Type
9.3.4.5.2 Italy: Vessel Monitoring System Market, by Application
9.3.4.6 Rest of Europe: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Vessel Monitoring System Market, by Vessel Type
9.3.4.6.2 Rest of Europe: Vessel Monitoring System Market, by Application
9.4 APAC: Vessel Monitoring System Market
9.4.1 APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Vessel Monitoring System Market, By Vessel Type
9.4.3 APAC: Vessel Monitoring System Market, By Application
9.4.4 APAC: Vessel Monitoring System Market, By Country
9.4.4.1 Australia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: Vessel Monitoring System Market, by Vessel Type
9.4.4.1.2 Australia: Vessel Monitoring System Market, by Application
9.4.4.2 China: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: Vessel Monitoring System Market, by Vessel Type
9.4.4.2.2 China: Vessel Monitoring System Market, by Application
9.4.4.3 India: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Vessel Monitoring System Market, by Vessel Type
9.4.4.3.2 India: Vessel Monitoring System Market, by Application
9.4.4.4 Japan: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: Vessel Monitoring System Market, by Vessel Type
9.4.4.4.2 Japan: Vessel Monitoring System Market, by Application
9.4.4.5 South Korea: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Vessel Monitoring System Market, by Vessel Type
9.4.4.5.2 South Korea: Vessel Monitoring System Market, by Application
9.4.4.6 Rest of APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Vessel Monitoring System Market, by Vessel Type
9.4.4.6.2 Rest of APAC: Vessel Monitoring System Market, by Application
9.5 MEA: Vessel Monitoring System Market
9.5.1 MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA:Vessel Monitoring System Market, by Vessel Type
9.5.3 MEA:Vessel Monitoring System Market, by Application
9.5.4 MEA: Vessel Monitoring System Market, by Key Country
9.5.4.1 South Africa: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Vessel Monitoring System Market, by Vessel Type
9.5.4.1.2 South Africa:Vessel Monitoring System Market, by Application
9.5.4.2 Saudi Arabia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Vessel Monitoring System Market, by Vessel Type
9.5.4.2.2 Saudi Arabia: Vessel Monitoring System Market, by Application
9.5.4.3 UAE: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Vessel Monitoring System Market, by Vessel Type
9.5.4.3.2 UAE:Vessel Monitoring System Market, by Application
9.5.4.4 Rest of MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Vessel Monitoring System Market, by Vessel Type
9.5.4.4.2 Rest of MEA:Vessel Monitoring System Market, byApplication
9.6 SAM: Vessel Monitoring System Market
9.6.1 SAM: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Vessel Monitoring System Market, by Vessel Type
9.6.3 SAM: Vessel Monitoring System Market, by Application
9.6.4 SAM: Vessel Monitoring System Market, by Key Country
9.6.4.1 Brazil: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Vessel Monitoring System Market, by Vessel Type
9.6.4.1.2 Brazil: Vessel Monitoring System Market, by Application
9.6.4.2 Argentina: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Vessel Monitoring System Market, by Vessel Type
9.6.4.2.2 Argentina: Vessel Monitoring System Market, by Application
9.6.4.3 Rest of SAM: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Vessel Monitoring System Market, by Vessel Type
9.6.4.3.2 Rest of SAM: Vessel Monitoring System Market, by Application
10. Impact of COVID-19 Outbreak
10.1 Impact of COVID-19 Pandemic on Global Vessel Monitoring System Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: 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 BlueTraker
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
12.6 CLS Fisheries
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Orolia Maritime
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Trackwell
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Remora Costa Rica
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Visma
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Vessel Monitoring System Market, by Vessel Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Vessel Monitoring System Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe Vessel Monitoring System Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 12. Germany Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. France Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 15. France Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Russia Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. UK Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. UK Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 20. Italy Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Italy Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 26. Australia: Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 27. Australia: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 28. China: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 29. China: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 30. India: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 31. India: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 32. Japan: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 33. Japan: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 34. South Korea: Vessel Monitoring System Market, By Vessel Type– Revenue and Forecast to 2027 (US$ Million)
Table 35. South Korea: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of APAC: Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest of APAC: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 38. MEA: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. MEA: Vessel Monitoring System Market Revenue Share, by Application (2019 and 2027)
Table 40. South Africa: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 41. South Africa: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 42. Saudi Arabia: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. Saudi Arabia: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 44. UAE: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 45. UAE: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of MEA: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of MEA: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 48. SAM: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 50. Brazil: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 52. Argentina: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of SAM: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of SAM: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Vessel Monitoring System Market Segmentation
Figure 2. Vessel Monitoring System Market Segmentation – By Geography
Figure 3. Global Vessel Monitoring System Market Overview
Figure 4. Vessel Monitoring System Market, by Geography
Figure 5. Vessel Monitoring System Market, By Vessel Type
Figure 6. Vessel Monitoring System Market, By Application
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Global Vessel Monitoring System Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Vessel Monitoring System Market
Figure 16. Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Global Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027 (%)
Figure 18. Global Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Global Surveillance Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Global Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Global Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027 (%)
Figure 22. Global Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Global Cargo Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Global Service Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Global Passenger Ships & Ferries Market Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Global Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Global Vessel Monitoring System Market Revenue Share, by Region (2019 and 2027)
Figure 28. North America: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. North America: Vessel Monitoring System Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 30. North America: Vessel Monitoring System Market Revenue Share, by Application (2019 and 2027)
Figure 31. North America: Vessel Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 32. US: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Canada: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Mexico: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Europe: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. Europe: Vessel Monitoring System Market Revenue Share, By Vessel Type (2019 and 2027)
Figure 37. Europe: Vessel Monitoring System Market Revenue Share, By Application (2019 and 2027)
Figure 38. Europe: Vessel Monitoring System Market Revenue Share, By Country (2019 and 2027)
Figure 39. Germany: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. France: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Russia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. UK: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Italy: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. Rest of Europe: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. APAC: Vessel Monitoring System Market Revenue Share, By Vessel Type (2019 and 2027)
Figure 47. APAC: Vessel Monitoring System Market Revenue Share, By Application (2019 and 2027)
Figure 48. APAC: Vessel Monitoring System Market Revenue Share, By Country (2019 and 2027)
Figure 49. Australia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. China: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. India: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Japan: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. South Korea: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. Rest of APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. MEA: Vessel Monitoring System Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 57. MEA: Vessel Monitoring System Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 58. MEA: Vessel Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 59. South Africa: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. Saudi Arabia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. UAE: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. Rest of MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. SAM: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. SAM: Vessel Monitoring System Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 65. SAM: Vessel Monitoring System Market Revenue Share, by Application (2019 and 2027)
Figure 66. SAM: Vessel Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 67. Brazil: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. Argentina: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 69. Rest of SAM: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Impact of COVID-19 Pandemic in North American Country Markets
Figure 71. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 72. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 73. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 74. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Vessel Monitoring System Market
- Applied Satellite Technology Ltd.
- Addvalue Technologies
- Beijing Highlander Digital Technology Co., Ltd.
- Bluetraker
- CLS Fisheries
- Orbcomm
- Orolia Maritime
- Trackwell
- Remora
- VISMA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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