Vessel Traffic Services Market

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.

VTS areas often consist of defined areas of waterway including fairways, routes, anchorages and areas of special interest. All of these factors are currently monitored by a human VTS operator. The provision of active background rule based monitoring within VTS equipment will be of significant benefit to VTS, this will provide an increased level of automated surveillance of maritime traffic and support to VTS operators. Such surveillance may consist of automatic monitoring against predefined parameters of track and speed. Such monitoring may even be increased to include ?what if? scenarios such as UKC monitoring. If sufficient live tidal data is combined with accurate electronic charting data, it would be feasible for the vessel?s draft to be automatically monitored against the planned passage, and advance warning given of future constraints enabling early corrective action to be taken.

Vessel Traffic Services Market contains market size and forecasts of Vessel Traffic Services (VTS) in Global, including the following market information:

Global Vessel Traffic Services (VTS) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Vessel Traffic Services (VTS) market was valued at 273.9 million in 2021 and is projected to reach US$ 367.9 million by 2028, at a CAGR of 4.3% during the forecast period.

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

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

The global key manufacturers of Vessel Traffic Services (VTS) include Signalis, Indra Company, Saab, Kongsberg, Transas, Lockheed Martin, Tokyo Keiki, Frequentis and Vissim AS and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Vessel Traffic Services (VTS) 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 Traffic Services (VTS) Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Vessel Traffic Services (VTS) Market Segment Percentages, by Type, 2021 (%)

INS and NAS

TOS

Others

Global Vessel Traffic Services (VTS) Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Vessel Traffic Services (VTS) Market Segment Percentages, by Application, 2021 (%)

Port Service

Coastal Service

Others

Global Vessel Traffic Services (VTS) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Vessel Traffic Services (VTS) 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 Traffic Services (VTS) revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Vessel Traffic Services (VTS) revenues share in global market, 2021 (%)

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

Signalis

Indra Company

Saab

Kongsberg

Transas

Lockheed Martin

Tokyo Keiki

Frequentis

Vissim AS

SRT