Vessel Traffic Management Market Report 2023-2032: Size, Demand And Future Trends | Kongsberg Gruppen, Wartsila, Thales Group, Leonardo, Saab

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Vessel Traffic Management Market Size, Growth Rate, And Forecast

The global vessel traffic management market size grew from $4.46 billion in 2022 to $4.87 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vessel traffic management market size is expected to grow to $6.47 billion in 2027 at a CAGR of 7.4%.

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Vessel Traffic Management Market Drivers

The rise in maritime traffic is expected to propel the growth of the vessel traffic management market going forward. Maritime traffic refers to all commercial shipping between two or more ports or moorings, excluding recreational boats, regular ferry services, coastal fishing, and inland waterway transportation.

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Vessel Traffic Management Market Segments

• By System: Port Management Information System, Global Maritime Safety System, River Information System, ATON Management and Health Monitoring System, Other Systems.
• By Component: Solution, Service.
• By End User: Commercial Sector, Defense Sector.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Vessel Traffic Management market.

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Vessel Traffic Management Market Key Players

Major competitors in the vessel traffic management market include Kongsberg Gruppen, Wartsila, Thales Group, Leonardo, Saab, Indra Sistemas, Rolta.

The Business Research Company's "Global Vessel Traffic Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Vessel Traffic Management Market Include:

1. Executive Summary
2. Vessel Traffic Management Market Characteristics
3. Vessel Traffic Management Market Trends And Strategies
4. Vessel Traffic Management Market - Macro Economic Scenario
5. Vessel Traffic Management Market Size And Growth
……
26. Africa Vessel Traffic Management Market
27. Vessel Traffic Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vessel Traffic Management Market
29. Vessel Traffic Management Market Future Outlook and Potential Analysis
30. Appendix

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