Vessel Traffic Management Market Size 2022: Kongsberg Gruppen (Norway), Saab SA (Sweden), Leonardo S.p.A. (Italy), Wartsila (Finland), Thales Group (France)

The Vessel Traffic Management Market research report offers an in-depth analysis of the global Vessel Traffic Management Market by presenting the details about the latest product launches and recent innovations in the market. It also provides data about the impact on the market growth due to covid-19. The competitive landscape has also been incorporated into the market so as to understand the market's current scenarios and trends. Moreover, the report also highlights collaborations, company mergers, and upcoming collaborations to strive in the market successfully.

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The Vessel Traffic Management Market is projected to grow from USD 5.8 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 8.4% during the forecast period.

Major players operating in the vessel traffic management market include Kongsberg Gruppen (Norway), Saab SA (Sweden), Leonardo S.p.A. (Italy), Wartsila (Finland), Thales Group (France), among others.

The COVID-19 outbreak has led to several challenges for various industries such as aviation and consumer electronics. These industries faced many economic problems post the COVID-19 outbreak. Since the beginning of the outbreak, the transportation industry has been among the most severely hit sectors globally. Due to most countries imposing nationwide lockdowns and travel and transportation restrictions, the shipping industry was affected extremely. This outbreak has also put the shipping and marine industries in worse position since their workforces have been shut down for the sake of safety and preventing the spread of COVID-19.

With the support of the Maritime and Port Authority of Singapore, Fujitsu Limited, Singapore Management University (SMU), and A*STAR's Institute of High-Performance Computing (IHPC) announced their collaboration to develop innovative new technologies for vessel traffic management in the Port of Singapore (MPA). These predictive technologies will use artificial intelligence (AI) and big data analytics to help manage Singapore's port and surrounding seas, which see a lot of seaborne trade and traffic. The technologies will also be evaluated using real-world data in order to enhance congestion predictions and the detection of probable accidents and other danger hotspots before they happen at sea. The Urban Computing and Engineering Centre of Excellence (UCE CoE), a public-private collaboration comprising of the Agency for Science, Technology and Research (A*STAR), SMU, and Fujitsu, was founded in 2014 to perform research and development for these new marine technologies.

Based on component, service segment is expected to have the largest market share in 2022 as well as witness the highest CAGR growth across the forecast period. Many ports are equipping VTMS systems to make their ports more efficient and reliable. With new systems require operation and maintenance services. These factors drive the market growth.

Based on system, Port management information system is expected to grow with largest CAGR. Most ports across the world have adopted some form port management information system for the efficient and reliable working of their ports.

Break-up of profile of primary participants in the vessel traffic management market:

By Company Type: Tier 1 - 20%, Tier 2 - 55%, and Tier 3 - 25%
By Designation: C Level - 50%, Director Level - 25%, and Others - 25%
By Region: North America -60%, Europe - 20%, Asia Pacific - 10%,South America- 5%, and RoW - 5%

Research Coverage:

This research report categorizes the vessel traffic management market on the basis of End User(commercial and defense), Based on component (Equipment, Solution, Services),Investment (Brownfield, Greenfield), System and Onbaord Components. These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the vessel traffic management market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the sustainable aviation fuel market. In addition, the startups in vessel traffic management market ecosystem are covered in this report to provide usable insights and developments happening in the emerging market of vessel traffic management.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall vessel traffic management market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on vessel traffic management market offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, contracts, agreements, and expansion plans in the vessel traffic management market.
Market Development: Comprehensive information about lucrative markets - the report analyzes the vessel traffic management market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the vessel traffic management market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the vessel traffic management market.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Vessel Traffic Management Market Segmentation
1.3.2 Regional Scope
Figure 2 Vessel Traffic Management Market Regional Scope
1.3.3 Years Considered For The Study
1.4 Inclusions And Exclusions
Table 1 Inclusions And Exclusions In Vessel Traffic Management Market
1.5 Currency & Pricing
1.6 Limitations
1.7 Market Stakeholders
1.8 Summary Of Changes
Figure 3 Vessel Traffic Management Market To Grow At Higher Rate Than Previous Estimates

2 Research Methodology
2.1 Research Data
Figure 4 Research Process Flow
Figure 5 Vessel Traffic Management Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Primary Sources
2.2 Demand & Supply-Side Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Port Expansion And Modernization Programs Across Regions To Influence Market Growth
2.2.3 Supply-Side Indicators
2.2.3.1 Next-Gen Vessel Traffic Management System
2.3 Market Size Estimation
2.3.1 Segments And Subsegments
2.4 Research Approach & Methodology
2.4.1 Bottom-Up Approach
2.4.2 Vessel Traffic Management Market
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
2.4.3 Top-Down Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
2.5 Market Breakdown & Data Triangulation
Figure 8 Data Triangulation
2.6 Growth Rate Assumptions
2.7 Assumptions For Research Study
2.8 Risks

3 Executive Summary
Figure 9 Service Segment Accounted For Largest Market Share In 2022
Figure 10 Port Management Information System Segment Acquired Larger Market Share In 2022
Figure 11 Vessel Traffic Management Market In North America To Register Highest Cagr During Forecast Period

4 Premium Insights
4.1 Attractive Growth Opportunities In Vessel Traffic Management Market
Figure 12 Increasing Port Modernization And Introduction Of Advanced Port Management Systems Expected To Drive Market From 2o22 To 2027
4.2 Vessel Traffic Management Market, By End User
Figure 13 Commercial Sector Segment Projected To Lead Market From 2022 To 2027
4.3 Vessel Traffic Management Market End User, By Commercial Sector
Figure 14 Inland Port Segment Projected To Dominate Market From 2022 To 2027
4.4 Vessel Traffic Management Market, By Investment
Figure 15 Brownfield Investment Segment Projected To Have Highest Market Share From 2022 To 2027
4.5 Vessel Traffic Management Market, By Country
Figure 16 Vessel Traffic Management Market In Denmark Projected To Register Highest Cagr From 2022 To 2027

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 Vessel Traffic Management System Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Vessel Congestion At Ports
5.2.1.2 Need For Automation
5.2.2 Restraints
5.2.2.1 Effect Of Natural Disasters On Ports
5.2.3 Opportunities
5.2.3.1 Next-Generation Vessel Traffic Management Systems
5.2.3.2 Technological Advances In Maritime Traffic Management
5.2.4 Challenges
5.2.4.1 Vtms Facility Location
5.2.4.2 Automated Identification System (Ais) Disadvantages
5.3 Covid-19 Impact Scenarios
5.4 Covid-19 Impact On Vessel Traffic Management Market
5.5 Technology Analysis
5.5.1 Ai In Vts
5.5.2 E-Navigation In Vessel Traffic Management
5.5.3 Global Navigation Satellite System (Gnss)
5.6 Trends/Disruptions Impacting Customers' Business
Figure 18 Trends And Disruptions Impacting Customers
5.7 Pricing Analysis
Table 2 Average Selling Price Range: Vessel Traffic Management System Market, By Equipment (Usd)
Figure 19 Pricing Analysis For Vessel Traffic Management System, By Equipment (Usd Thousand)
5.8 Market Ecosystem
5.8.1 Prominent Companies
5.8.2 Private And Small Enterprises
5.8.3 End Users
Figure 20 Vessel Traffic Management System Market Ecosystem
Table 3 Vessel Traffic Management System Market Ecosystem
5.9 Value Chain Analysis Of Vessel Traffic Management System Market
Figure 21 Value Chain Analysis
5.10 Trade Data
5.10.1 Trade Analysis
Table 4 Country-Wise Exports, 2019-2020 (Usd Thousand)
Table 5 Country-Wise Imports, 2019-2020 (Usd Thousand)
5.11 Porter's Five Forces Model
5.11.1 Vessel Traffic Management System Market: Porter's Five Forces Analysis
5.11.2 Threat Of New Entrants
5.11.3 Threat Of Substitutes
5.11.4 Bargaining Power Of Suppliers
5.11.5 Bargaining Power Of Buyers
5.11.6 Competition In The Industry
5.12 Key Stakeholders & Buying Criteria
5.12.1 Key Stakeholders In Buying Process
Figure 22 Influence Of Stakeholders In Buying Process For Vessel Traffic Management System
Table 6 Influence Of Stakeholders In Buying Process For Vessel Traffic Management System (%)
5.12.2 Buying Criteria
Figure 23 Key Buying Criteria For Vessel Traffic Management Systems
Table 7 Key Buying Criteria For Vessel Traffic Management Systems
5.13 Key Conferences & Events In 2022-2023
Table 8 Vessel Traffic Management System Market: Detailed List Of Conferences & Events
5.14 Tariff Regulatory Landscape For Shipping Industry
Table 9 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 10 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 11 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Rest Of World: List Of Regulatory Bodies, Government Agencies, And Other Organizations

6 Industry Trends
6.1 Introduction
6.2 Emerging Industry Trends
6.2.1 Ai And Machine Learning
6.2.2 Marine Iot
6.2.3 Blockchain And Big Data Analytics
6.2.4 Cybersecurity
6.3 Innovations And Patents Registrations, 2018-2021
6.4 Impact Of Megatrends

7 Vessel Traffic Management Market, By Component
7.1 Introduction
Figure 24 Service Segment Projected To Lead During Forecast Period
Table 13 Vessel Traffic Management Market, By Component, 2018-2021 (Usd Million)
Table 14 Vessel Traffic Management Market, By Component, 2022-2027 (Usd Million)
7.2 Equipment
Figure 25 Navigation Segment Projected To Lead During Forecast Period
Table 15 Vessel Traffic Management Market, By Equipment, 2018-2021 (Usd Million)
Table 16 Vessel Traffic Management Market, By Equipment, 2022-2027 (Usd Million)
7.2.1 Communication
Table 17 Vessel Traffic Management Equipment Market, By Communication, 2018-2021 (Usd Million)
Table 18 Vessel Traffic Management Equipment Market, By Communication, 2022-2027 (Usd Million)
7.2.1.1 Vhf Communication Systems
7.2.1.1.1 Increasing Usage In Short-Range Communication To Drive The Segment
7.2.1.2 Rf Communications
7.2.1.2.1 Increasing Usage For Wireless Data Transfer And Voice Transfer Applications To Drive The Segment
7.2.1.3 Microwave And Network
7.2.1.3.1 Increasing Usage For Satellite Communications, Radar Signals, Smartphones, And Navigational Applications To Drive The Segment
7.2.1.4 Human Machine Interface (Hmi)
7.2.1.4.1 Increasing Usage Of Hmi On Ports And Harbors To Drive The Segment
7.2.1.5 Servers
7.2.1.5.1 New Technological Trends To Drive The Segment
7.2.2 Navigation
Table 19 Vessel Traffic Management Equipment Market, By Navigation, 2018-2021 (Usd Million)
Table 20 Vessel Traffic Management Equipment Market, By Navigation, 2022-2027 (Usd Million)
7.2.2.1 Automatic Identification System (Ais) Receivers And Base Stations
7.2.2.1.1 Increasing Usage Of Ais Receivers And Base Stations Creates Efficient Link Between The Sea And Monitoring Center
7.2.2.2 Direction Finders
7.2.2.2.1 Increasing Usage By Ports To Provide Navigational Aid For Ships
7.2.2.3 Radar
7.2.2.3.1 Increasing Usage To Detect Illegal Activities Across Shore And Coastline To Drive The Segment
7.2.3 Surveillance & Monitoring
Table 21 Vessel Traffic Management Equipment Market, By Surveillance & Monitoring, 2018-2021 (Usd Million)
Table 22 Vessel Traffic Management Equipment Market, By Surveillance & Monitoring, 2022-2027 (Usd Million)
7.2.3.1 Unmanned Aerial Vehicles
7.2.3.1.1 Increasing Usage Of Uavs At Ports To Make Security More Efficient And Reactive
7.2.3.2 Cctv Surveillance Camera
7.2.3.2.1 Need For Latest Technology Cctv Cameras To Provide Optimum Security
7.2.3.3 Sensors
7.2.3.3.1 Advanced Sensor Technologies Used To Prevent Port Accidents
7.3 Solution
Figure 26 Routing Monitor Segment Projected To Lead During Forecast Period
Table 23 Vessel Traffic Management Market, By Solution, 2018-2021 (Usd Million)
Table 24 Vessel Traffic Management Market, By Solution, 2022-2027 (Usd Million)
7.3.1 Sensor Integrator
7.3.1.1 Sensor Integrator Key To Providing Efficient Navigation And Decision-Making Capabilities
7.3.2 Electronic Navigation Chart (Enc)
7.3.2.1 Encs Provide An Array Of Advantages For Planning, Monitoring, And Executing Voyages
7.3.3 Multi-Sensor Tracker
7.3.3.1 Ensures Flexible Sensor Input Filtering To Provide Efficient Data To Create Traffic Maps
7.3.4 Routing Monitor
7.3.4.1 Increasing Usage To Reduce Risk And Minimize Transit Time
7.3.5 Others
7.4 Service
Figure 27 Operation Service Segment Projected To Lead During Forecast Period
Table 25 Vessel Traffic Management Market, By Service, 2018-2021 (Usd Million)
Table 26 Vessel Traffic Management Market, By Service, 2022-2027 (Usd Million)
7.4.1 Maintenance Service
7.4.1.1 Periodic Upkeep Of Equipment Vital For Offering Decision Making Support To Operators
7.4.2 Operation Service
7.4.2.1 Provides Critical Support For Decision Making To Operators Through Various Data Points

8 Vessel Traffic Management System Market, By End User

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