Feb 14, 2020 (Reporthive Research via COMTEX) -- In this report, the market size of Vessel Traffic Services (VTS) increased from 173.10 million USD in 2012 to 228.63 million USD in 2016 with an average growth rate of 7.20%. A vessel traffic service (VTS) is a marine traffic monitoring system established by harbour 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.
The classification of Vessel Traffic Services (VTS) includes INS and NAS, TOS and Other, and the revenue proportion of TOS in 2016 was about 58.6%. Vessel Traffic Services (VTS) can be used for Port Service, Coastal Service and others. The most proportion of Vessel Traffic Services (VTS) was Port Service, and the sales proportion was about 68.8% in 2016.
Europe occupied about 36% of the market in 2016. It was followed by Asia-Pacific and North America, which respectively account for around 26% and 16% of the global total industry. Other countries have a smaller amount of market. Market competition is intense. Signalis, Indra Company, Saab, Kongsberg, Transas, Lockheed Martin, keiki, Frequentis, Vissim AS, SRT are the leaders of the industry, and they hold key technologies and patents.
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Furthermore, the brief competitive analysis included in the study illustrates the current status of major Vessel Traffic Services (VTS) market players along with their expansion strategies and portfolio developments. Vessel Traffic Services (VTS) market is bound to witness significant gains and is predicted to register a substantial CAGR in the years to come. The statistical graphs and figures included in this Vessel Traffic Services (VTS) market report displays global market share in term of sales and revenue.
Top Companies covered in this report include:
By Product Type:
INS and NAS
By Application Type:
Highlights of Vessel Traffic Services (VTS) market Report
Buyers of the report will have access to unique information about top 10 players of the global Vessel Traffic Services (VTS) market.
The report informs readers about future products and technologies to be introduced in the global Vessel Traffic Services (VTS) market.
Readers are offered with comprehensive analysis on key revenue pockets of the global Vessel Traffic Services (VTS) market.
The report provides details about long-term and short-term strategies adopted by major players of the global Vessel Traffic Services (VTS) market.
The authors of the report have provided demand and growth trends of the global Vessel Traffic Services (VTS) market and also its segments.
In the geographical analysis section, the report discusses about recent market developments in different regions and countries.
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Table of content
Global Vessel Traffic Services (VTS) Market Professional Survey Report 2019
1 Report Overview
1.1 Definition and Specification
1.2 Manufacturers and Region Overview
1.2.1 Manufacturers Overview
1.2.2 Regions Overview
1.3 Type Overview
1.3.1 INS and NAS
1.4 Application Overview
1.4.1 Port Service
1.4.2 Coastal Service
1.5 Industrial Chain
1.5.1 Vessel Traffic Services (VTS) Industrial Chain
2.1 The Overall Market Performance(Volume)
2.1.1 INS and NAS
2.2 The Overall Market Performance(Value)
2.2.1 INS and NAS
3 Global Vessel Traffic Services (VTS) Market Assessment by Application
3.1 Overall Market Performance (Volume)
3.2 Port Service
3.3 Coastal Service