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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.
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.
According to our (Global Info Research) latest study, the global Vessel Traffic Services (VTS) market size was valued at USD 273.9 million in 2022 and is forecast to a readjusted size of USD 367.9 million by 2029 with a CAGR of 4.3% during review 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.
This report is a detailed and comprehensive analysis for global Vessel Traffic Services (VTS) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Vessel Traffic Services (VTS) market size and forecasts, in consumption value ($ Million), 2018-2029
Global Vessel Traffic Services (VTS) market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Vessel Traffic Services (VTS) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Vessel Traffic Services (VTS) market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Vessel Traffic Services (VTS)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Vessel Traffic Services (VTS) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Signalis, Indra Company, Saab, Kongsberg and Transas, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Vessel Traffic Services (VTS) market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- INS and NAS
- TOS
- Others
Market segment by Application
- Port Service
- Coastal Service
- Others
Market segment by players, this report covers
- Signalis
- Indra Company
- Saab
- Kongsberg
- Transas
- Lockheed Martin
- Tokyo Keiki
- Frequentis
- Vissim AS
- SRT
Market segment by regions, regional analysis covers
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
- South America (Brazil, Argentina and Rest of South America)
- Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Vessel Traffic Services (VTS) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Vessel Traffic Services (VTS), with revenue, gross margin and global market share of Vessel Traffic Services (VTS) from 2018 to 2023.
Chapter 3, the Vessel Traffic Services (VTS) competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Vessel Traffic Services (VTS) market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Vessel Traffic Services (VTS).
Chapter 13, to describe Vessel Traffic Services (VTS) research findings and conclusion.