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Global Vessel Traffic Services (VTS) Market Growth (Status and Outlook) 2019-2024

Global Vessel Traffic Services (VTS) Market Growth (Status and Outlook)...

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Global Vessel Traffic Services (VTS) Market Growth (Status and Outlook) 2019-2024
Global Vessel Traffic Services (VTS)...
Report Code
RO10/109/1836

Publish Date
25/Mar/2019

Pages
116
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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.

According to this study, over the next five years the Vessel Traffic Services (VTS) market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 360 million by 2024, from US$ 260 million in 2019. In particular, this report presents the global revenue market share of key companies in Vessel Traffic Services (VTS) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Vessel Traffic Services (VTS) market by product type, application, key companies and key regions.

This study considers the Vessel Traffic Services (VTS) value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
INS and NAS
TOS
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Port Service
Coastal Service
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Signalis
Indra Company
Saab
Kongsberg
Transas
Lockheed Martin
Keiki
Frequentis
Vissim AS
SRT

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Vessel Traffic Services (VTS) market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Vessel Traffic Services (VTS) market by identifying its various subsegments.
Focuses on the key global Vessel Traffic Services (VTS) players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vessel Traffic Services (VTS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Vessel Traffic Services (VTS) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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