Vessel Traffic Services (VTS) Market report 2019-2024 begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Vessel Traffic Services (VTS) by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
About Vessel Traffic Services (VTS)
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.
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.
Covered in this report
According to this study, over the next five years the Vessel Traffic Services (VTS) market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 360 million by 2024, from US$ 260 million in 2019. In particular, this report presents the global revenue market share of key companies in Vessel Traffic Services (VTS) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Vessel Traffic Services (VTS) market by product type, application, key companies and key regions.
This study considers the Vessel Traffic Services (VTS) value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
INS and NAS
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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Key Topics Covered:
1 Scope of the Report
2 Executive Summary
3 Global Vessel Traffic Services (VTS) by Players
4 Vessel Traffic Services (VTS) by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Vessel Traffic Services (VTS) Market Forecast
12 Key Players Analysis
13 Research Findings and Conclusion
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