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Vessel Traffic Services (VTS)-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Vessel Traffic Services (VTS) market size is expected to reach US$ 363.6 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The market is mainly driven by the significant applications of Vessel Traffic Services (VTS) in various end use industries. The expanding demands from the Port Service, Coastal Service and Others,, are propelling Vessel Traffic Services (VTS) market. INS and NAS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the TOS segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Vessel Traffic Services (VTS), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Vessel Traffic Services (VTS) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Vessel Traffic Services (VTS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vessel Traffic Services (VTS) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Vessel Traffic Services (VTS) covered in this report include Signalis, Indra Company, Agilitas(Saab), Kongsberg, Wärtsilä(Transas), Lockheed Martin, keiki, Frequentis and Vissim AS, etc.
The global Vessel Traffic Services (VTS) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Signalis
Indra Company
Agilitas(Saab)
Kongsberg
Wärtsilä(Transas)
Lockheed Martin
keiki
Frequentis
Vissim AS
SRT
Furuno
GEM elettronica
Mesemar
HAVELSAN Inc
ST Engineering
ELMAN Srl
in-innovative navigation GmbH
Global Vessel Traffic Services (VTS) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Vessel Traffic Services (VTS) market, Segment by Type:
INS and NAS
TOS
Others
Global Vessel Traffic Services (VTS) market, by Application
Port Service
Coastal Service
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Vessel Traffic Services (VTS) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Vessel Traffic Services (VTS) market size is expected to reach US$ 363.6 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The market is mainly driven by the significant applications of Vessel Traffic Services (VTS) in various end use industries. The expanding demands from the Port Service, Coastal Service and Others,, are propelling Vessel Traffic Services (VTS) market. INS and NAS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the TOS segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Vessel Traffic Services (VTS), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Vessel Traffic Services (VTS) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Vessel Traffic Services (VTS) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vessel Traffic Services (VTS) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Vessel Traffic Services (VTS) covered in this report include Signalis, Indra Company, Agilitas(Saab), Kongsberg, Wärtsilä(Transas), Lockheed Martin, keiki, Frequentis and Vissim AS, etc.
The global Vessel Traffic Services (VTS) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Signalis
Indra Company
Agilitas(Saab)
Kongsberg
Wärtsilä(Transas)
Lockheed Martin
keiki
Frequentis
Vissim AS
SRT
Furuno
GEM elettronica
Mesemar
HAVELSAN Inc
ST Engineering
ELMAN Srl
in-innovative navigation GmbH
Global Vessel Traffic Services (VTS) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Vessel Traffic Services (VTS) market, Segment by Type:
INS and NAS
TOS
Others
Global Vessel Traffic Services (VTS) market, by Application
Port Service
Coastal Service
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Vessel Traffic Services (VTS) companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Vessel Traffic Services (VTS)
1.1 Vessel Traffic Services (VTS) Market Overview
1.1.1 Vessel Traffic Services (VTS) Product Scope
1.1.2 Vessel Traffic Services (VTS) Market Status and Outlook
1.2 Global Vessel Traffic Services (VTS) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Vessel Traffic Services (VTS) Market Size by Region (2018-2029)
1.4 Global Vessel Traffic Services (VTS) Historic Market Size by Region (2018-2023)
1.5 Global Vessel Traffic Services (VTS) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Vessel Traffic Services (VTS) Market Size (2018-2029)
1.6.1 North America Vessel Traffic Services (VTS) Market Size (2018-2029)
1.6.2 Europe Vessel Traffic Services (VTS) Market Size (2018-2029)
1.6.3 Asia-Pacific Vessel Traffic Services (VTS) Market Size (2018-2029)
1.6.4 Latin America Vessel Traffic Services (VTS) Market Size (2018-2029)
1.6.5 Middle East & Africa Vessel Traffic Services (VTS) Market Size (2018-2029)
2 Vessel Traffic Services (VTS) Market by Type
2.1 Introduction
2.1.1 INS and NAS
2.1.2 TOS
2.1.3 Others
2.2 Global Vessel Traffic Services (VTS) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Vessel Traffic Services (VTS) Historic Market Size by Type (2018-2023)
2.2.2 Global Vessel Traffic Services (VTS) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Vessel Traffic Services (VTS) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Vessel Traffic Services (VTS) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Vessel Traffic Services (VTS) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Vessel Traffic Services (VTS) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Vessel Traffic Services (VTS) Revenue Breakdown by Type (2018-2029)
3 Vessel Traffic Services (VTS) Market Overview by Application
3.1 Introduction
3.1.1 Port Service
3.1.2 Coastal Service
3.1.3 Others
3.2 Global Vessel Traffic Services (VTS) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Vessel Traffic Services (VTS) Historic Market Size by Application (2018-2023)
3.2.2 Global Vessel Traffic Services (VTS) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Vessel Traffic Services (VTS) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Vessel Traffic Services (VTS) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Vessel Traffic Services (VTS) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Vessel Traffic Services (VTS) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Vessel Traffic Services (VTS) Revenue Breakdown by Application (2018-2029)
4 Vessel Traffic Services (VTS) Competition Analysis by Players
4.1 Global Vessel Traffic Services (VTS) Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Vessel Traffic Services (VTS) as of 2022)
4.3 Date of Key Players Enter into Vessel Traffic Services (VTS) Market
4.4 Global Top Players Vessel Traffic Services (VTS) Headquarters and Area Served
4.5 Key Players Vessel Traffic Services (VTS) Product Solution and Service
4.6 Competitive Status
4.6.1 Vessel Traffic Services (VTS) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Signalis
5.1.1 Signalis Profile
5.1.2 Signalis Main Business
5.1.3 Signalis Vessel Traffic Services (VTS) Products, Services and Solutions
5.1.4 Signalis Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.1.5 Signalis Recent Developments
5.2 Indra Company
5.2.1 Indra Company Profile
5.2.2 Indra Company Main Business
5.2.3 Indra Company Vessel Traffic Services (VTS) Products, Services and Solutions
5.2.4 Indra Company Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.2.5 Indra Company Recent Developments
5.3 Agilitas(Saab)
5.3.1 Agilitas(Saab) Profile
5.3.2 Agilitas(Saab) Main Business
5.3.3 Agilitas(Saab) Vessel Traffic Services (VTS) Products, Services and Solutions
5.3.4 Agilitas(Saab) Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.3.5 Kongsberg Recent Developments
5.4 Kongsberg
5.4.1 Kongsberg Profile
5.4.2 Kongsberg Main Business
5.4.3 Kongsberg Vessel Traffic Services (VTS) Products, Services and Solutions
5.4.4 Kongsberg Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.4.5 Kongsberg Recent Developments
5.5 Wärtsilä(Transas)
5.5.1 Wärtsilä(Transas) Profile
5.5.2 Wärtsilä(Transas) Main Business
5.5.3 Wärtsilä(Transas) Vessel Traffic Services (VTS) Products, Services and Solutions
5.5.4 Wärtsilä(Transas) Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.5.5 Wärtsilä(Transas) Recent Developments
5.6 Lockheed Martin
5.6.1 Lockheed Martin Profile
5.6.2 Lockheed Martin Main Business
5.6.3 Lockheed Martin Vessel Traffic Services (VTS) Products, Services and Solutions
5.6.4 Lockheed Martin Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.6.5 Lockheed Martin Recent Developments
5.7 keiki
5.7.1 keiki Profile
5.7.2 keiki Main Business
5.7.3 keiki Vessel Traffic Services (VTS) Products, Services and Solutions
5.7.4 keiki Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.7.5 keiki Recent Developments
5.8 Frequentis
5.8.1 Frequentis Profile
5.8.2 Frequentis Main Business
5.8.3 Frequentis Vessel Traffic Services (VTS) Products, Services and Solutions
5.8.4 Frequentis Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.8.5 Frequentis Recent Developments
5.9 Vissim AS
5.9.1 Vissim AS Profile
5.9.2 Vissim AS Main Business
5.9.3 Vissim AS Vessel Traffic Services (VTS) Products, Services and Solutions
5.9.4 Vissim AS Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.9.5 Vissim AS Recent Developments
5.10 SRT
5.10.1 SRT Profile
5.10.2 SRT Main Business
5.10.3 SRT Vessel Traffic Services (VTS) Products, Services and Solutions
5.10.4 SRT Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.10.5 SRT Recent Developments
5.11 Furuno
5.11.1 Furuno Profile
5.11.2 Furuno Main Business
5.11.3 Furuno Vessel Traffic Services (VTS) Products, Services and Solutions
5.11.4 Furuno Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.11.5 Furuno Recent Developments
5.12 GEM elettronica
5.12.1 GEM elettronica Profile
5.12.2 GEM elettronica Main Business
5.12.3 GEM elettronica Vessel Traffic Services (VTS) Products, Services and Solutions
5.12.4 GEM elettronica Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.12.5 GEM elettronica Recent Developments
5.13 Mesemar
5.13.1 Mesemar Profile
5.13.2 Mesemar Main Business
5.13.3 Mesemar Vessel Traffic Services (VTS) Products, Services and Solutions
5.13.4 Mesemar Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.13.5 Mesemar Recent Developments
5.14 HAVELSAN Inc
5.14.1 HAVELSAN Inc Profile
5.14.2 HAVELSAN Inc Main Business
5.14.3 HAVELSAN Inc Vessel Traffic Services (VTS) Products, Services and Solutions
5.14.4 HAVELSAN Inc Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.14.5 HAVELSAN Inc Recent Developments
5.15 ST Engineering
5.15.1 ST Engineering Profile
5.15.2 ST Engineering Main Business
5.15.3 ST Engineering Vessel Traffic Services (VTS) Products, Services and Solutions
5.15.4 ST Engineering Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.15.5 ST Engineering Recent Developments
5.16 ELMAN Srl
5.16.1 ELMAN Srl Profile
5.16.2 ELMAN Srl Main Business
5.16.3 ELMAN Srl Vessel Traffic Services (VTS) Products, Services and Solutions
5.16.4 ELMAN Srl Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.16.5 ELMAN Srl Recent Developments
5.17 in-innovative navigation GmbH
5.17.1 in-innovative navigation GmbH Profile
5.17.2 in-innovative navigation GmbH Main Business
5.17.3 in-innovative navigation GmbH Vessel Traffic Services (VTS) Products, Services and Solutions
5.17.4 in-innovative navigation GmbH Vessel Traffic Services (VTS) Revenue (US$ Million) & (2018-2023)
5.17.5 in-innovative navigation GmbH Recent Developments
6 North America
6.1 North America Vessel Traffic Services (VTS) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Vessel Traffic Services (VTS) Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Vessel Traffic Services (VTS) Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Vessel Traffic Services (VTS) Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Vessel Traffic Services (VTS) Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Vessel Traffic Services (VTS) Market Dynamics
11.1 Vessel Traffic Services (VTS) Industry Trends
11.2 Vessel Traffic Services (VTS) Market Drivers
11.3 Vessel Traffic Services (VTS) Market Challenges
11.4 Vessel Traffic Services (VTS) Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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