The Vessel Traffic Management (VTM) market is estimated in 2017 to US$281,000, and by 2028 it is projected to reach US$41.2000 million, with a CAGR from 2018 to 2028 of 8%. The base year considered for the survey is 2017 and the forecast period is 2022-2028. Increasing awareness of the maritime situation and increasing safety concerns, along with growing interest in port security for illegal immigration and terrorist activities, are affecting the growth of the ship traffic management market. However, the high costs associated with Vessel Traffic Management equipment, installation and maintenance are major factors impeding the Vessel Traffic Management Market growth. In addition, the increase in maritime trade, port expansion and port development projects, and the increase in defense and commercial vessels are expected to drive demand for the ship traffic management market during the forecast period.
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Company Profile
- Frequentis AG
- Indra Sistemas, S.A.
- Kongsberg Gruppen
- Leonardo S.p.A.
- Rolta
- Saab AB
- Terma Group
- Thales Group
Market Segmentation
By Function
- Navigation
- Communication
- Surveillance
By Sensing Components
- Radar
- Satellite
- Automatic Identification System (AIS)
- Weather Station
- Radio Direction Finder (RDF)
- Drone
- Others
By Application
- Offshore Platform
- Ports and Coastal Traffic
- Coast Guard and Rescue
Scope of the Report
The research study analyzes the global Vessel Traffic Management industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Vessel Traffic Management Market Report
1. What was the Vessel Traffic Management Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Vessel Traffic Management Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Vessel Traffic Management Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Vessel Traffic Management market.
- The market share of the global Vessel Traffic Management market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Vessel Traffic Management market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Vessel Traffic Management market.
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