Vessel Monitoring System Software Market to Grow at a CAGR of 12.8% to reach US$ 1168.85 Million from 2020 to 2027
The vessel monitoring system software market was valued at US$ 457.29 million in 2019 and is expected to grow at a CAGR of 12.8% during the forecast period to reach US$ 1168.85 million by 2027.
The government across the world are increasing defense and boarder control spending each year owing to rising threat to homeland. There is an increasing need to track illegal fishing activities, movement of goods, people, and illicit material. Also, with the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) in advanced vessel monitoring system software to provide better insights for research and development purposes. Moreover, the vessel monitoring system software is not just limited to seaborne vessel application it can be integrated with any surface or airborne machine, vehicle or drone. The vessel monitoring systems are equipped with various technologies such as GPS antenna and receiver, computer, and a transmitter. These components not only help vessels operator navigate through the sea or water body but also allow the governing or border security bodies to monitor the movement and traffic in territory.
Further, vessel monitoring system software allows the governing body to identify any vessel and illegal fishing activities in restricted territory or during restricted time and further it assist to detect and track non-permitted or unidentified vessel operating or breaching the national borders. With continuous innovation in technology the vessel monitoring system software’s are now integrated with technologies like surface temperate monitor, traffic and collision management, satellite communication, real time weather forecast etc. which is enabling vessel operators to optimize and streamline their operations. Thus, rising need for tracking due to unauthorized activities is one of the major factor contributing towards the growth of vessel monitoring system software market during the forecast period.
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Vessel Monitoring System Software Market: Strategic Insights
Market Size Value in US$ 457.29 Million in 2019 Market Size Value by US$ 1168.85 Million by 2027 Growth rate CAGR of 12.8% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Vessel Monitoring System Software Market: Strategic Insights
| Market Size Value in | US$ 457.29 Million in 2019 |
| Market Size Value by | US$ 1168.85 Million by 2027 |
| Growth rate | CAGR of 12.8% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Impact of COVID-19 Pandemic on Vessel Monitoring System Software Market
The outbreak of the COVID-19 virus negatively affects the vessel monitoring system software market. The imposition of lockdown and movement of vehicles by government bodies to reduce curb the spread of the virus has negatively impacted the trade of products worldwide. Owing to the low business of trade, the number of cargo vessels, fisheries vessels has decreased drastically, which limited the use of VMS. Also, due to the temporary shutdown of manufacturing units, the procurement of new ships had negatively impacted, resulting in less VMS adoption. This factor has been analyzed while estimating the market size of the vessel monitoring system software market in 2020.
Market Insights
Growing opportunities for Cargo Tracking
An increasing seaborne trade across the globe results in the rising investment in safety and security system which boosts the growth of the vessel monitoring system software market. Further, advancements in repair, restoration and upgrade of vessels is projected to fuel the growth for vessel monitoring system software market. Additionally, increase in trade activities backed retrofitting of old system with new advanced vessel monitoring system software to optimize and streamline the operations are among other factors forecasted to create growth opportunities for vessel monitoring system software market players. Advancements including near real-time tracking provides a brief analysis of the fleet, including risks, security threats, and various regulatory territories. Further, complete situational awareness along with global visibility and actionable intelligence to increase the operational efficiency.
Vessel Type Market Insights
Based on application, the vessel monitoring system software market is segmented into: Fishing Vessel and Others. Fishing vessels are ships or boat used for catch fish from sea or any inner land water body like lake or river. There are majorly two type in fishing vessel i.e. artesian and commercial vessel. The artisan vessels are comparatively small in size and capacity compared to commercial fishing vessels also are cheaper. These ships are major use in sea and inner land water body. Whereas, commercial vessels are used for large-scale commercial fishing activities in sea or deep sea areas. The vessel capacity also varies in this category of vessel and these vessels are equipped with various technology and machinery to optimize and streamline fishing operations.
Application Market Insight
Based on application, the vessel monitoring system software market is segmented into: Fisheries Management and Others. One of the primary application of vessel management system is to monitor the action and movement of fishery vessels in the sea or water bodies. As per the international laws a country has exclusive economic zone to 200 nautical miles (370km) from its costal region which implies other state fishery or other vessel cannot access it without any approval. Furthermore, vessel management system assists fishing vessel to report their catch, for instance as per European Union regulation fishing vessels are require to report about their weekly catch, transshipment, catch on entry and catch on exit, port of landing etc. Furthermore, the specification and calibration of vessel management system differs from country to country according to reporting norms set by the particular governing authorities for fishery
The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In Dec 2020, Applied Satellite Technology (AST) Ltd received a contract for delivering its Vessel Monitoring Solution for 400 inshore vessels over the next year from Welsh Government, UK.
- In Oct 2019, Orolia Maritime declared on collaboration with SRH Marine to combine Orolia Maritime’s M-SecureSync cyber security capabilities into its new automated digital services distribution platform.
Vessel Monitoring System Software Market Report Scope
Global Vessel Monitoring System Software Segments:
Vessel Monitoring System Software Market – By Vessel Type
- Fishing Vessel
- Others
Vessel Monitoring System Software Market – By Application
- Fisheries Management
- Others
Vessel Monitoring System Software Market – By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- South America (SAM)
- Brazil
- Rest of SAM
Companies
- ORBCOMM Inc.
- Applied Satellite Technology Ltd
- Beijing Highlander Digital Technology Co., Ltd.
- BlueTraker
- CLS Fisheries
- Orolia Maritime
- Trackwell
- ShipNet
- Wärtsilä Corporation
- THINKmarine Co., Ltd.
- Visma
- Satlink S.L.
- SRT Marine Systems plc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Vessel Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The vessel monitoring system software market is led by fisheries management segment with highest share and is expected to dominate in the forecast period. One of the major factors contributing towards the growth of fisheries management segment during the forecast period is presence of various communities dedicated to the management of the fisheries with the help of software
The growth of the vessel monitoring system software market is primarily attributed to the rising need for tracking due to unauthorized activities. Moreover, escalating growth in fisheries application, thereby substantially driving the vessel monitoring system software market.
Increase in trade activities backed retrofitting of old system with new advanced vessel monitoring system software to optimize and streamline the operations are among other factors forecasted to create growth opportunities for vessel monitoring system software market players.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vessel Monitoring System Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia - Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights- RFMOs
4.5.1 North Atlantic Ocean — NAFO, NEAFC
4.5.2 Southeast Atlantic Ocean —SEAFO
4.5.3 Southern Ocean — CCAMLR
4.5.4 South Pacific Ocean — SPRFMO
4.5.5 Southern Indian Ocean — SIOFA
4.5.6 Mediterranean & the Black Sea — GFCM
4.5.7 North Pacific — NPFC
5. Vessel Monitoring System Software Market– Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Need for Tracking due to Unauthorized Activities
5.1.2 Escalating Growth in Fisheries Application
5.2 Market Restraint
5.2.1 High Costs Involved
5.3 Market Opportunity
5.3.1 Growing opportunities for Cargo Tracking
5.4 Future Trend
5.4.1 Integration with Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vessel Monitoring System – Global Market Analysis
6.1 Vessel Monitoring System Software Market Global Overview
6.2 Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Vessel Monitoring System Software Market Revenue and Forecast to 2027 – Vessel Type
7.1 Overview
7.2 Global Vessel Monitoring System Software Market Breakdown, By Vessel Type, 2019 & 2027
7.3 Fishing Vessel
7.3.1 Overview
7.3.2 Fishing Vessel Market Forecast and Analysis
7.5 Others
7.5.1 Overview
7.5.2 Others Market Forecast and Analysis
8. Vessel Monitoring System Software Market Revenue and Forecast to 2027 – Application
8.1 Overview
8.2 Global Vessel Monitoring System Software Market Breakdown, By Application, 2019 & 2027
8.3 Fisheries Management
8.3.1 Overview
8.3.2 Fisheries Management Market Forecast and Analysis
8.4 Others
8.4.1 Overview
8.4.2 Others Market Forecast and Analysis
9. Vessel Monitoring System Software Market – Geographic Analysis
9.1 Overview
9.2 North America: Vessel Monitoring System Software Market
9.2.1 North America: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Vessel Monitoring System Software Market, by Vessel Type
9.2.3 North America: Vessel Monitoring System Software Market, by Application
9.2.4 North America: Vessel Monitoring System Software Market, by Key Country
9.2.4.1 US: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Vessel Monitoring System Software Market, by Vessel Type
9.2.4.1.2 US: Vessel Monitoring System Software Market, by Application
9.2.4.2 Canada: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Vessel Monitoring System Software Market, by Vessel Type
9.2.4.2.2 Canada: Vessel Monitoring System Software Market, by Application
9.2.4.3 Mexico: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Vessel Monitoring System Software Market, by Vessel Type
9.2.4.3.2 Mexico: Vessel Monitoring System Software Market, by Application
9.3 Europe: Vessel Monitoring System Software Market
9.3.1 Europe: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Vessel Monitoring System Software Market, By Vessel Type
9.3.3 Europe: Vessel Monitoring System Software Market, By Application
9.3.4 Europe: Vessel Monitoring System Software Market, By Country
9.3.4.1 Germany: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Vessel Monitoring System Software Market, by Vessel Type
9.3.4.1.2 Germany: Vessel Monitoring System Software Market, by Application
9.3.4.2 France: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Vessel Monitoring System Software Market, by Vessel Type
9.3.4.2.2 France: Vessel Monitoring System Software Market, by Application
9.3.4.3 Russia: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Russia: Vessel Monitoring System Software Market, by Vessel Type
9.3.4.3.2 Russia: Vessel Monitoring System Software Market, by Application
9.3.4.4 UK: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Vessel Monitoring System Software Market, by Vessel Type
9.3.4.4.2 UK: Vessel Monitoring System Software Market, by Application
9.3.4.5 Italy: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Italy: Vessel Monitoring System Software Market, by Vessel Type
9.3.4.5.2 Italy: Vessel Monitoring System Software Market, by Application
9.3.4.6 Rest of Europe: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Vessel Monitoring System Software Market, by Vessel Type
9.3.4.6.2 Rest of Europe: Vessel Monitoring System Software Market, by Application
9.4 APAC: Vessel Monitoring System Software Market
9.4.1 APAC: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Vessel Monitoring System Software Market, By Vessel Type
9.4.3 APAC: Vessel Monitoring System Software Market, By Application
9.4.4 APAC: Vessel Monitoring System Software Market, By Country
9.4.4.1 Australia: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: Vessel Monitoring System Software Market, by Vessel Type
9.4.4.1.2 Australia: Vessel Monitoring System Software Market, by Application
9.4.4.2 China: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: Vessel Monitoring System Software Market, by Vessel Type
9.4.4.2.2 China: Vessel Monitoring System Software Market, by Application
9.4.4.3 India: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Vessel Monitoring System Software Market, by Vessel Type
9.4.4.3.2 India: Vessel Monitoring System Software Market, by Application
9.4.4.4 Japan: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: Vessel Monitoring System Software Market, by Vessel Type
9.4.4.4.2 Japan: Vessel Monitoring System Software Market, by Application
9.4.4.5 South Korea: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Vessel Monitoring System Software Market, by Vessel Type
9.4.4.5.2 South Korea: Vessel Monitoring System Software Market, by Application
9.4.4.6 Rest of APAC: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Vessel Monitoring System Software Market, by Vessel Type
9.4.4.6.2 Rest of APAC: Vessel Monitoring System Software Market, by Application
9.5 MEA: Vessel Monitoring System Software Market
9.5.1 MEA: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Vessel Monitoring System Software Market, by Vessel Type
9.5.3 MEA: Vessel Monitoring System Software Market, by Application
9.5.4 MEA: Vessel Monitoring System Software Market, by Key Country
9.5.4.1 South Africa: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Vessel Monitoring System Software Market, by Vessel Type
9.5.4.1.2 South Africa: Vessel Monitoring System Software Market, by Application
9.5.4.2 Saudi Arabia: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Vessel Monitoring System Software Market, by Vessel Type
9.5.4.2.2 Saudi Arabia: Vessel Monitoring System Software Market, by Application
9.5.4.3 UAE: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Vessel Monitoring System Software Market, by Vessel Type
9.5.4.3.2 UAE: Vessel Monitoring System Software Market, by Application
9.5.4.4 Rest of MEA: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Vessel Monitoring System Software Market, by Vessel Type
9.5.4.4.2 Rest of MEA: Vessel Monitoring System Software Market, by Application
9.6 SAM: Vessel Monitoring System Software Market
9.6.1 SAM: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Vessel Monitoring System Software Market, by Vessel Type
9.6.3 SAM: Vessel Monitoring System Software Market, by Application
9.6.4 SAM: Vessel Monitoring System Software Market, by Key Country
9.6.4.1 Brazil: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Vessel Monitoring System Software Market, by Vessel Type
9.6.4.1.2 Brazil: Vessel Monitoring System Software Market, by Application
9.6.4.2 Argentina: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Vessel Monitoring System Software Market, by Vessel Type
9.6.4.2.2 Argentina: Vessel Monitoring System Software Market, by Application
9.6.4.3 Rest of SAM: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Vessel Monitoring System Software Market, by Vessel Type
9.6.4.3.2 Rest of SAM: Vessel Monitoring System Software Market, by Application
10. Impact of COVID-19 Outbreak
10.1 Impact of COVID-19 Pandemic on Global Vessel Monitoring System Software Market
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Contracts
12. Company Profiles
12.1 ORBCOMM Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Applied Satellite Technology Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Beijing Highlander Digital Technology Co., Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 BlueTraker
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 CLS Fisheries
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Orolia Maritime
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Trackwell
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ShipNet
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 Financial Overview
12.8.6 SWOT Analysis
12.8.7 Key Developments
12.9 Wärtsilä Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 THINKmarine Co., Ltd.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Visma
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Satlink S.L.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 SRT Marine Systems plc
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Overview of the objectives and species coverage of relevant RFMOs and Arrangements
Table 2. Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Vessel Monitoring System Software Market, by Vessel Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Vessel Monitoring System Software Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 8. Canada: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 10. Mexico: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 12. Europe Vessel Monitoring System Software Market, By Application– Revenue and Forecast to 2027 (US$ Million)
Table 13. Germany Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Germany Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 15. France Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 16. France Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 17. Russia Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 18. Russia Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 19. UK Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 20. UK Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 21. Italy Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 22. Italy Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. Rest of Europe Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 26. APAC: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 27. Australia: Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 28. Australia: Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 29. China: Vessel Monitoring System Software Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 30. China: Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 31. India: Vessel Monitoring System Software Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 32. India: Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 33. Japan: Vessel Monitoring System Software Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 34. Japan: Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 35. South Korea: Vessel Monitoring System Software Market, By Vessel Type– Revenue and Forecast to 2027 (US$ Million)
Table 36. South Korea: Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest of APAC: Vessel Monitoring System Software Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 38. Rest of APAC: Vessel Monitoring System Software Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 39. MEA: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 40. MEA: Vessel Monitoring System Software Market Revenue Share, by Application (2019 and 2027)
Table 41. South Africa: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 42. South Africa: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 43. Saudi Arabia: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 44. Saudi Arabia: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 45. UAE: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 46. UAE: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of MEA: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 48. Rest of MEA: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 50. SAM: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 52. Brazil: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 54. Argentina: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of SAM: Vessel Monitoring System Software Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of SAM: Vessel Monitoring System Software Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 57. List of Abbreviation
LIST OF FIGURES
Figure 1. Vessel Monitoring System Software Market Segmentation
Figure 2. Vessel Monitoring System Software Market Segmentation – By Geography
Figure 3. Global Vessel Monitoring System Software Market Overview
Figure 4. Vessel Monitoring System Software Market, by Geography
Figure 5. Vessel Monitoring System Software Market, By Vessel Type
Figure 6. Vessel Monitoring System Software Market, By Application
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Global Vessel Monitoring System Software Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Vessel Monitoring System Software Market
Figure 16. Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Global Vessel Monitoring System Software Market Breakdown, By Vessel Type, 2019 & 2027 (%)
Figure 18. Global Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Global Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Global Vessel Monitoring System Software Market Breakdown, By Application, 2019 & 2027 (%)
Figure 21. Global Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Global Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Global Vessel Monitoring System Software Market Revenue Share, by Region (2019 and 2027)
Figure 24. North America: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. North America: Vessel Monitoring System Software Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 26. North America: Vessel Monitoring System Software Market Revenue Share, by Application (2019 and 2027)
Figure 27. North America: Vessel Monitoring System Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. US: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Canada: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Mexico: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Europe: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Europe: Vessel Monitoring System Software Market Revenue Share, By Vessel Type (2019 and 2027)
Figure 33. Europe: Vessel Monitoring System Software Market Revenue Share, By Application (2019 and 2027)
Figure 34. Europe: Vessel Monitoring System Software Market Revenue Share, By Country (2019 and 2027)
Figure 35. Germany: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 36. France: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Russia: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. UK: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Italy: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Rest of Europe: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. APAC: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. APAC: Vessel Monitoring System Software Market Revenue Share, By Vessel Type (2019 and 2027)
Figure 43. APAC: Vessel Monitoring System Software Market Revenue Share, By Application (2019 and 2027)
Figure 44. APAC: Vessel Monitoring System Software Market Revenue Share, By Country (2019 and 2027)
Figure 45. Australia: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. China: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. India: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. Japan: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. South Korea: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. Rest of APAC: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. MEA: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. MEA: Vessel Monitoring System Software Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 53. MEA: Vessel Monitoring System Software Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 54. MEA: Vessel Monitoring System Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 55. South Africa: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. Saudi Arabia: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. UAE: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. Rest of MEA: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. SAM: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. SAM: Vessel Monitoring System Software Market Revenue Share, by Vessel Type (2019 and 2027)
Figure 61. SAM: Vessel Monitoring System Software Market Revenue Share, by Application (2019 and 2027)
Figure 62. SAM: Vessel Monitoring System Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 63. Brazil: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. Argentina: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. Rest of SAM: Vessel Monitoring System Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Impact of COVID-19 Pandemic in North American Country Markets
Figure 67. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 68. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 69. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 70. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Vessel Monitoring System Software Market
- ORBCOMM Inc.
- Applied Satellite Technology Ltd
- Beijing Highlander Digital Technology Co., Ltd.
- BlueTraker
- CLS Fisheries
- Orolia Maritime
- Trackwell
- ShipNet
- Wärtsilä Corporation
- THINKmarine Co., Ltd.
- Visma
- Satlink S.L.
- SRT Marine Systems plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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