Vessel Monitoring Systems Market

Vessel Monitoring Systems (VMS) is a general term to describe systems that are used in commercial fishing to allow environmental and fisheries regulatory organizations to track and monitor the activities of fishing vessels. They are a key part of monitoring control and surveillance (MCS) programs at national and international levels. VMS may be used to monitor vessels in the territorial waters of a country or a subdivision of a country, or in the Exclusive Economic Zones (EEZ) that extend 200 nautical miles (370.4 km) from the coasts of many countries. VMS systems are used to improve the management and sustainability of the marine environment, through ensuring proper fishing practices and the prevention of illegal fishing, and thus protect and enhance the livelihoods of fishermen.

Vessel Monitoring System can be used to capture intelligence data for defense, state and civil applications.

Vessel Monitoring Systems Market contains market size and forecasts of Vessel Monitoring Systems (VMS) in Global, including the following market information:

Global Vessel Monitoring Systems (VMS) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Vessel Monitoring Systems (VMS) market was valued at 484.6 million in 2021 and is projected to reach US$ 918.9 million by 2028, at a CAGR of 9.6% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Software Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Vessel Monitoring Systems (VMS) include CLS Fisheries, Satlink, Wartsila Corporation, Visma, Iridium, Inmarsat, Orbcomm Inc., Beijing Highlander Digital and Technology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Vessel Monitoring Systems (VMS) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Vessel Monitoring Systems (VMS) Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Vessel Monitoring Systems (VMS) Market Segment Percentages, by Type, 2021 (%)

• Software
• Hardware

Global Vessel Monitoring Systems (VMS) Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Vessel Monitoring Systems (VMS) Market Segment Percentages, by Application, 2021 (%)

• Fishery
• Military
• Commercial Vessel

Global Vessel Monitoring Systems (VMS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Vessel Monitoring Systems (VMS) Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Vessel Monitoring Systems (VMS) revenues in global market, 2017-2022 (estimated), ($ millions)
• Key companies Vessel Monitoring Systems (VMS) revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• CLS Fisheries
• Satlink
• Wartsila Corporation
• Visma
• Iridium
• Inmarsat
• Orbcomm Inc.
• Beijing Highlander Digital
• Technology
• Applied Satellite Technology Ltd
• Trackwell
• Orolia
• SRT Marine Systems Plc
• NSSLGlobal
• Pole Star Space Applications
• Addvalue
• BlueTraker