Vessel Traffic Management Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Vessel Traffic Management (VTM) market is estimated in 2021 to US$281,000, and by 2028 it is projected to reach US$41.2000 million, with a CAGR from 2022 to 2028 of 8%.Increasing awareness of the maritime situation and increasing safety concerns, along with growing interest in port security for illegal immigration and terrorist activities, are affecting the growth of the ship traffic management market. However, the high costs associated with Vessel Traffic Management equipment, installation and maintenance are major factors impeding the Vessel Traffic Management Market growth. In addition, the increase in maritime trade, port expansion and port development projects, and the increase in defense and commercial vessels are expected to drive demand for the ship traffic management market during the forecast period.

Company Profile

• Frequentis AG
• Indra Sistemas, S.A.
• Kongsberg Gruppen
• Leonardo S.p.A.
• Rolta
• Saab AB
• Terma Group
• Thales Group

Market Segmentation

By Function

• Navigation
• Communication
• Surveillance

By Sensing Components

• Radar
• Satellite
• Automatic Identification System (AIS)
• Weather Station
• Radio Direction Finder (RDF)
• Drone
• Others

By Application

• Offshore Platform
• Ports and Coastal Traffic
• Coast Guard and Rescue

Scope of the Report

The research study analyzes the Global Vessel Traffic Management Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Vessel Traffic Management Market Report

1. What was the Global Vessel Traffic Management Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Global Vessel Traffic Management Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Vessel Traffic Management Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Global Vessel Traffic Management Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Global Vessel Traffic Management
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Global Vessel Traffic Management
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Global Vessel Traffic Management Market.