A vessel traffic service (VTS) is a marine traffic monitoring system established by harbor or port authorities, similar to air traffic control for aircraft. Typical VTS systems use radar, closed-circuit television (CCTV), VHF radiotelephony and automatic identification system to keep track of vessel movements and provide navigational safety in a limited geographical area.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the vessel traffic services market to approach these areas. North America will account for the highest sales in 2023, but developing countries has the highest growth rate. Vendors recognize the importance of this region, particularly in China, Brazil and Southeast Asia, and are working towards penetrating this market by strengthening their sales and distribution networks.
In 2018, the global Vessel Traffic Services (VTS) market size was 260 million US$ and it is expected to reach 410 million US$ by the end of 2025, with a CAGR of 6.5% during 2019-2025.
This report focuses on the global Vessel Traffic Services (VTS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Vessel Traffic Services (VTS) development in United States, Europe and China.
The key players covered in this study
Signalis
Indra Company
Saab
Kongsberg
Transas
Lockheed Martin
Keiki
Frequentis
Vissim AS
SRT
Market segment by Type, the product can be split into
INS and NAS
TOS
Others
Market segment by Application, split into
Port Service
Coastal Service
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Vessel Traffic Services (VTS) status, future forecast, growth opportunity, key market and key players.
To present the Vessel Traffic Services (VTS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Vessel Traffic Services (VTS) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Vessel Traffic Services (VTS) . Industry analysis & Market Report on Vessel Traffic Services (VTS) is a syndicated market report, published as Global Vessel Traffic Services (VTS) Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Vessel Traffic Services (VTS) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.