For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
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.
Scope of the Report:
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.
The global Vessel Traffic Services (VTS) market is valued at 260 million USD in 2018 and is expected to reach 360 million USD by the end of 2024, growing at a CAGR of 6.3% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Vessel Traffic Services (VTS).
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Vessel Traffic Services (VTS) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Vessel Traffic Services (VTS) market by product type and applications/end industries.
Market Segment by Companies, this report covers
- Signalis
- Indra Company
- Saab
- Kongsberg
- Transas
- Lockheed Martin
- Keiki
- Frequentis
- Vissim AS
- SRT
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- INS and NAS
- TOS
- Others
Market Segment by Applications, can be divided into
- Port Service
- Coastal Service
- Other