Vessel Tracking Systems Market, Global Outlook and Forecast 2023-2029
The long range identification and tracking systems has been designated to be the standardized tracking system to be adopted by vessels subject to operating on the sea. The system has been authorized by the International Maritime Organization to collect and disseminate information received from the ships subject to the different compliances and regulations. LRIT provides an enhanced level of marine domain awareness that allows unique visibility to report the accurate positions of the vessels and is being actively incorporated in the military and defense sectors, by helping the defense authorities recognize potential threats through the LRIT platforms, which is imminent for coast surrounded economies, such as the United States and China, among Others.
This report aims to provide a comprehensive presentation of the global market for Vessel Tracking Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vessel Tracking Systems. This report contains market size and forecasts of Vessel Tracking Systems in global, including the following market information:
Global Vessel Tracking Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Vessel Tracking Systems market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Long Range Identification & Tracking Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Vessel Tracking Systems include Big Ocean Data, ORBCOMM, SAAB Group, Harris Corporation, Echol Tech Pte Ltd., Garmin International, Wartsila Oyb Abp, CNS Systems AB and Raytheon Company, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Vessel Tracking Systems 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 Tracking Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Vessel Tracking Systems Market Segment Percentages, by Type, 2022 (%)
Long Range Identification & Tracking
Automated Identification Systems
Synthetic-Aperture Radar
Others
Global Vessel Tracking Systems Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Vessel Tracking Systems Market Segment Percentages, by Application, 2022 (%)
Government
Defense
Commercial
Global Vessel Tracking Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Vessel Tracking Systems Market Segment Percentages, By Region and Country, 2022 (%)
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 Tracking Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Vessel Tracking Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Big Ocean Data
ORBCOMM
SAAB Group
Harris Corporation
Echol Tech Pte Ltd.
Garmin International
Wartsila Oyb Abp
CNS Systems AB
Raytheon Company
L-3 Communication Holding
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vessel Tracking Systems, market overview.
Chapter 2: Global Vessel Tracking Systems market size in revenue.
Chapter 3: Detailed analysis of Vessel Tracking Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vessel Tracking Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
