Report overview
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.
VTS areas often consist of defined areas of waterway including fairways, routes, anchorages and areas of special interest. All of these factors are currently monitored by a human VTS operator. The provision of active background rule based monitoring within VTS equipment will be of significant benefit to VTS, this will provide an increased level of automated surveillance of maritime traffic and support to VTS operators. Such surveillance may consist of automatic monitoring against predefined parameters of track and speed. Such monitoring may even be increased to include ?what if? scenarios such as UKC monitoring. If sufficient live tidal data is combined with accurate electronic charting data, it would be feasible for the vessel?s draft to be automatically monitored against the planned passage, and advance warning given of future constraints enabling early corrective action to be taken.
This report aims to provide a comprehensive presentation of the global market for Vessel Traffic Services (VTS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vessel Traffic Services (VTS). This report contains market size and forecasts of Vessel Traffic Services (VTS) in global, including the following market information:
Global Vessel Traffic Services (VTS) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Vessel Traffic Services (VTS) market was valued at US$ 273.9 million in 2022 and is projected to reach US$ 367.9 million by 2029, at a CAGR of 4.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Globally, the vessel traffic services industry market concentrated as the manufacturing technology of vessel traffic services is relatively high. And some enterprises, like Signalis, Indra Company, Saab and Kongsberg and Transas, etc. are well-known for the wonderful performance of their vessel traffic services and related services, with about 62% market shares.
We surveyed the Vessel Traffic Services (VTS) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vessel Traffic Services (VTS) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Vessel Traffic Services (VTS) Market Segment Percentages, by Type, 2022 (%)
INS and NAS
TOS
Others
Global Vessel Traffic Services (VTS) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Vessel Traffic Services (VTS) Market Segment Percentages, by Application, 2022 (%)
Port Service
Coastal Service
Others
Global Vessel Traffic Services (VTS) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Vessel Traffic Services (VTS) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vessel Traffic Services (VTS) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Vessel Traffic Services (VTS) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Signalis
Indra Company
Saab
Kongsberg
Transas
Lockheed Martin
Tokyo Keiki
Frequentis
Vissim AS
SRT
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vessel Traffic Services (VTS), market overview.
Chapter 2: Global Vessel Traffic Services (VTS) market size in revenue.
Chapter 3: Detailed analysis of Vessel Traffic Services (VTS) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vessel Traffic Services (VTS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
