What is Vessel Traffic Management System?
A vessel traffic management system (VTMS) is a system for monitoring the movement of ships in harbours and ports. Advanced sensors, including as radar, AIS, CCTV, Meteo-Hydro, and other electronic object detection systems, are used by the VTMS system to collect data. The major goal of VTMS is to enhance navigational safety and efficiency, as well as aspects of port services, the protection of lives at sea, and the protection of the maritime environment. The rapid growth in the maritime trade as well as exponential growth in the fishing industry has led to the increasing requirement for a secure and efficient marine safety and efficient navigation system. This has led to widespread growth of the vessel traffic management market. Although high initial costs of setup and maintenance is a major restraining factor for future prospectus of the vessel traffic management. 3D vessel traffic management system providing real time monitoring services has emerged as an increasingly popular system which may present exciting future opportunities. Asia Pacific is expected to emerge as a major market of vessel traffic management.
The market study is broken down and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kongsberg Gruppen (Norway), Thales Group (France), Saab AB (Sweden), Wärtsilä Oyj Abp (Finland), L3 Technologies (United States), Japan Radio Co. Ltd. (Japan), Tokyo Keiki Inc. (Japan), Leonardo Finmeccanica (Italy), Kelvin Hughes (United States) and Indra Sistemas (Spain) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Frequentis (Austria), TERMA (Denmark) and Rolta India Ltd. (India).
AdvanceMarketAnalytics has segmented the market of Global Vessel Traffic Management System market by Type, Application and Region.
On the basis of geography, the market of Vessel Traffic Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Commercial will boost the Vessel Traffic Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. Brownfield will boost the Vessel Traffic Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Port Management Information Systems will boost the Vessel Traffic Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Kongsberg Gruppen (Norway), Thales Group (France), Saab AB (Sweden), Wärtsilä Oyj Abp (Finland), L3 Technologies (United States), Japan Radio Co. Ltd. (Japan), Tokyo Keiki Inc. (Japan), Leonardo Finmeccanica (Italy), Kelvin Hughes (United States) and Indra Sistemas (Spain) etc.
2. Can we have customized study for Vessel Traffic Management System Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Vessel Traffic Management System Market by 2026?
Analysts at AMA estimates Vessel Traffic Management System Market to reach USD Million by 2026.