Vessel Monitoring System Market to Grow at a CAGR of 11.3% to reach US$ 1,571.04 Million from 2020 to 2027

    Vessel Monitoring System Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Application (Fisheries Management, Surveillance, and Others) and Vessel Type (Fishing Vessels, Cargo Vessels, Service Vessels, Passenger Ships and Ferries, and Others)

    Publication Month: Sep 2020 | Report Code: TIPRE00013168 | No. of Pages: 148 | Category: Electronics and Semiconductor | Status: Published

    The Vessel Monitoring System Market was valued at US$ 688.28 million in 2019 and is projected to reach US$ 1,571.04 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.

    Lucrative Regions for Vessel Monitoring System Market

    Lucrative Regions for Vessel Monitoring System Market

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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.

    Strategic Insights

    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

    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

    1. Applied Satellite Technology Ltd.
    2. Addvalue Technologies
    3. Beijing Highlander Digital Technology Co., Ltd.
    4. Bluetraker
    5. CLS Fisheries
    6. Orbcomm
    7. Orolia Maritime
    8. Trackwell
    9. Remora
    10. VISMA
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    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.

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