openPR Logo
Press release

Vessel Traffic Management Market by Component, Systems, End User, Investment, Region by Kongsberg Gruppen, L3 Technologies, Transas, Saab AB, Thales Group, Rolta India by 2030

10-14-2020 06:29 PM CET | Tourism, Cars, Traffic

Press release from: Allied Market Research

Vessel Traffic Management Market by Component, Systems, End

Vessel Traffic Management Market Outlook 2020-2030: Vessel traffic management is the system, which is utilized to determine and calculate an estimate of the constantly changing marine environment. Thereby, enhancing, upgrading, and safeguarding the marine borders. The management system monitors, connects and navigates the ships in the waters. Furthermore, the information is used to observe overall vehicle movement. Various security features such as automatic identification systems, radar, and drones among other components are used to detect any threat around the ship. Therefore, enhanced security features are expected to drive the growth of the global vessel traffic management market in the near future.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/7540

COVID-19 scenario Analysis:

• The affected countries enforcing nationwide lockdown to restrict the movement of its citizens and to control the rapid spread of the pandemic has triggered the shutdown of all production operations due to which the vessel traffic management manufacturers are experiencing a standstill.
• A rapid spread of Corona virus has had a major impact on vessel traffic management system manufacturers, which in turn has caused a slump in demand and supply for vessel traffic management system globally.
• The pandemic has caused a negative impact on the vessel traffic management system as the demand has declined at a lower level and is constantly falling down due to which a major deviation is noticed in the growth of vessel traffic management manufacturers owing to coronavirus.
• Vessel traffic management manufacturers are facing major issues such as cash flow problems and low liquidity in the affected countries owing to Corona virus pandemic which further causes a disruption in the vessel traffic management market.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Rise in maritime traffic, increase in focus toward enhancing maritime safety, and surge in investment in port construction & expansion are driving the growth of the market. However, high cost associated with vessel traffic management is expected to hamper the growth of the market. On the contrary, adoption of three-dimensional vessel traffic management system by port authorities is expected to create an opportunity for the market investments.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/7540

The global vessel traffic management market trends are as follows:

Rise in maritime traffic

Vessel traffic management is useful in managing the traffic at busy maritime courses such as ports, harbors and coastal areas. Furthermore, the increasing traffic on the sea due to rise in number of trade activities is expected to drive the growth of vessel traffic management market. For instance, global marine trends have estimated to rise around 14 billion tons of seaborne trade at the end of the year 2030, which in turn will result in a rise of sea traffic. Therefore, rise in maritime traffic is expected to boost the growth of the vessel traffic management market.

High cost associated with vessel traffic management

The high cost associated with the vessel traffic management system (VTM) and the installation is majorly due to the data lines which are required within the station boundaries for a longer range. For instance, the U.S. coast guard has estimated overall VTM system of 17 ports such as New York, San Francisco and others for around $145 million and the equipment costs for individual ports are estimated to a range for $5 million to $32 million. Thereby, high cost for the VTM can be attributed to the level of advancements such as geographical coverage and operational standards of the VTM. Therefore, high cost associated with the VTM is anticipated to hamper the growth of the vessel traffic management market.

Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/7540

Key benefits of the report:

• This study presents the analytical depiction of the vessel traffic management industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the vessel traffic management market.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the vessel traffic management market growth scenario.
• We can also determine vessel traffic management will remain a significant revenue shareholder in the global vessel traffic management market through the predictable future.

Questions answered in the global vessel traffic management market research report:

• Which are the leading market players active in vessel traffic management market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

Browse Complete Report at https://www.alliedmarketresearch.com/vessel-traffic-management-market-A07175

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vessel Traffic Management Market by Component, Systems, End User, Investment, Region by Kongsberg Gruppen, L3 Technologies, Transas, Saab AB, Thales Group, Rolta India by 2030 here

News-ID: 2159771 • Views: 266

More Releases from Allied Market Research

Orthopedic Prosthetics Market Will Expand in the Coming Decade
Orthopedic Prosthetics Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and Orthopedic Prosthetics market recent progressions. The Orthopedic Prosthetics market report is prepared after fundamental levels of research regarding the Orthopedic Prosthetics Industry. Orthopedic Prosthetics Market by Product (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, and Modular Components) Technology (Conventional, Electric Powered, and Hybrid
Orthopedic Operating Tables Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Operating Tables Market by Technology (Non-powered Operating Tables and Powered Operating Tables) and End Users (Hospitals and Ambulatory Surgical Centers (ASCs)) – Global Opportunity and Forecast, 2019-2026”. The Global market size of Orthopedic Operating Tables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with
Orthopedic Consumables Market Analysis of The Current and Emerging Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Consumables Market by Product (Surgical Orthopedic Consumables, Wound-Management Orthopedic Consumables, and Others) and End Users (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), and Others) – Global Opportunity and Forecast, 2019-2026 The Global market size of Orthopedic Consumables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027
Intraosseous Infusion Device Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, “Intraosseous Infusion Device Market by Product Type (FAST1 device, Dieckmann Modified Needle, BIG device, EZ-IO device, Jamshidi Needle, FASTx device, and NIO), by Technology (Battery Powered Driver, Manual IO Needles, and Impact Driven Devices), by Route of Administration (Distal Femur, Sternum, Distal & Proximal Tibia, Calcaneus, and Head of Humerus), by End User (Hospitals, Emergency Medical Services, Ambulatory Surgical

All 5 Releases


More Releases for Vessel

Global Subsea Vessel Market Research
Global Subsea Vessel Market Research based on the Subsea Vessel industrial chain, this Global Subsea Vessel Market Research mainly elaborate the definition, types, applications and major players of Subsea Vessel market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products Get sample copy of report: https://www.marketdensity.com/contact?ref=Sample&reportid=6209 Table of Contents 1 Subsea Vessel Market Overview 1.1 Product Overview and Scope of Subsea Vessel 1.2 Subsea Vessel Segment
Offshore Supply Vessel Market 2018-2025 By Segmentation with Anchor Handling Tug …
The Insight Partners has announced the addition of the “Offshore Supply Vessel Market to 2025 – Global Analysis and Forecasts by Type (Anchor handling Tug Vessel (AHTV), Seismic Vessel, Platform Supply Vessel (PSV), Multi-Purpose Supply Vessel (MPSV) and Others); and Application (Shallow Water and Deep Water)” report to their offering. Offshore supply vessel are known as cargo vessels which commonly transport goods, supplies or equipment in provision of exploration or production
Offshore Support Vessel Market 2017
ReportsWeb.com has announced the addition of the “Global Offshore Support Vessel Industry Market Research Report 2017-2021” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. 2017 Market Research Report on Offshore Support Vessel Industry was a professional and depth research report on Offshore Support Vessel industry that you would know the world's major regional market conditions of Offshore Support Vessel industry,
Vessel Traffic Services (VTS) Market by Manufacturers
A vessel traffic service (VTS) is a marine traffic monitoring system established by harbour 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: This report focuses on the Vessel Traffic Services (VTS) in Asia-Pacific market, especially in China,
Global and Chinese Pipelay Vessel Market 2017
Popularly known as PLV, pipelaying ship is a maritime vessel used in the construction of subsea infrastructure. It serves to connect oil production platforms with refineries on shore. To accomplish this goal a typical pipelaying vessel carries a heavy lift crane, used to install pumps and valves, and equipment to lay pipe between subsea structures. The pipelay vessel is expected to grow at a CAGR of -10.52% from 1837.1 million USD
Global Offshore Support Vessel Market 2017-2021
An offshore supply vessel is a sea motor vessel used for transporting cargos, goods, supplies, crews, and offshore exploration and production (E&P) across oil platforms. OSVs support marine offshore drilling activities through transportation of offshore energy resources, and they also facilitate the installation process of oil rigs. They are mostly used by oil and gas companies for E&P activities. The OSVs are operated by ship owners or by companies that