Global Vessel Traffic Services (VTS) Market Size, Status and Forecast 2019-2025

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.
For industry structure analysis, the Vessel Traffic Services (VTS) industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 57.80 % of the revenue market.
The primary purpose of the original port VTS was to prevent vessel collisions and groundings in the port and entrance areas. The attitude towards the scope of a VTS has been widened to give it a key role in environmental protection in the event of maritime accidents. Vessel Traffic Services (VTS) coverage is expanding to include coastal areas, shipping channels and sensitive offshore areas.
For forecast, the global Vessel Traffic Services (VTS) revenue would keep increasing with annual growth rate with 6~8%. We tend to believe that this industry still has a good future, considering the current demand of Vessel Traffic Services (VTS).
In 2018, the global Vessel Traffic Services (VTS) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Vessel Traffic Services (VTS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Vessel Traffic Services (VTS) development in United States, Europe and China.

The key players covered in this study
Signalis
Indra Company
Saab
Kongsberg
Transas
Lockheed Martin
keiki
Frequentis
Vissim AS
SRT

Market segment by Type, the product can be split into
INS and NAS
TOS
Others

Market segment by Application, split into
Port Service
Coastal Service
Other

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Vessel Traffic Services (VTS) status, future forecast, growth opportunity, key market and key players.
To present the Vessel Traffic Services (VTS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Vessel Traffic Services (VTS) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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