Vessel Traffic Management Systems Market Expected to Grow by USD 533.83 Million | Elcome International LLC and HENSOLDT AG among the main suppliers

NEW YORK, December 6, 2021 /PRNewswire/ — The marine traffic management systems market is expected to be driven by factors such as improved port and port safety and security. According to Technavio, the market is expected to grow by $533.83 million from 2021 to 2026. Market growth momentum is expected to accelerate at a CAGR of 4.61%. Technavio provides an updated analysis regarding the current global market scenario and overall market environment.

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Attractive Opportunities in Vessel Traffic Management System Market by End User and Geography – Forecast and Analysis 2022-2026

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Vessel Traffic Management System Market: Drivers

The marine traffic management systems market is driven by improving the security and safety of ports and ports. VTMS helps maintain the safety and security of vessels. It also helps law enforcement agencies identify potentially dangerous vessels. Therefore, the advantages of VTMS make it crucial in the effective management of port operations.

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Vessel Traffic Management System Market: Segmentation Analysis

The marine traffic management systems market has been segmented by end-user (commercial and military) and by geography (APAC, Europe, North AmericaAME and South America).

Per end user, the commercial segment of the marine traffic management systems market is expected to witness significant growth in its market share over the forecast period. Companies are adopting VTMS to protect maritime resources.

By geography, APAC is expected to account for 45% of market growth over the forecast period, with China and Japan being the key countries. The economic growth of countries like Japan, Chinaand Indonesia will drive the growth of the Vessel Traffic Management Systems market in APAC region during the forecast period.

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Some of the main topics covered in the report include:

Market challenges

Market factors

Market trends

Supplier Landscape

Scope of the Vessel Traffic Management System Market

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 4.61%

Market Growth 2022-2026

$533.83 million

Market structure

Fragmented

Annual growth (%)

3.93

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC at 45%

Main consumer countries

United States, China, Germany, United Kingdom and Japan

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Elcome International LLC, HENSOLDT AG, Indra Sistemas SA, Kongsberg Gruppen ASA, Leonardo Spa, Rolta India Ltd., Saab AB, Thales Group, Tokyo Keiki Inc. and Wartsila Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

contacts

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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