Press Release

The Commercial Segment is Expected to Dominate the Global Vessel Traffic Management Market

Safety and Security Requirements and International Maritime Regulations are the factors propelling the market growth.


According to TechSci Research report, “Global Vessel Traffic Management Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028. Global Vessel Traffic Management is anticipated to project robust growth in the forecast period with a CAGR of 7.81% through 2028. Vessel traffic management is a system, which is utilized to determine and calculate an estimate of the constantly changing marine environment. Thereby enhancing, upgrading, and safeguarding the marine borders. The management system monitors, connects and navigates the ships in the waters. Furthermore, the information is used to observe overall vehicle movement. Various security features such as automatic identification systems, radar, and drones among other components are used to detect any threat around the ship. Therefore, enhanced security features are expected to drive the growth of the global vessel traffic management market in the near future.

Vessel traffic management is useful in managing the traffic at busy maritime courses such as ports, harbors and coastal areas. Furthermore, the increasing traffic on the sea due to rise in number of trade activities is expected to drive the growth of vessel traffic management market. For instance, global marine trends have estimated to rise around 14 billion tons of seaborne trade at the end of the year 2030, which in turn will result in a rise of sea traffic. Therefore, rise in maritime traffic is expected to boost the growth of the vessel traffic management market.


Browse over xx market data Figures spread through 188 Pages and an in-depth TOC on " Global Vessel Traffic Management Market.”


Based on End-user, Commercial is expected to hold the largest share of Vessel Traffic Management market for during the forecast period, Commercial is expected to hold the largest share of Vessel Traffic Management market for during the forecast period, the Commercial Sector of the vessel traffic management market is accounted for the largest share during the forecast period. Commercial ports are majorly used for trade between countries and comparatively there are more commercial ports than there are navy ports. Hence these factors drive the growth of the market. Based on Region, Asia Pacific will dominate the market, Asia Pacific is expected to dominate the market during the forecast period. The presence of major trading countries like China, India, Singapore and Australia is contributing to the higher CAGR growth for the region. Major port expansion and modernization projects are also being undertaken in this region. Due to these factors the region has higher CAGR growth.


Key market players in the Global Vessel Traffic Management Market are following: -

  • Kongsberg Gruppen
  • Saab AB
  • Thales Group
  • Tokyo Keiki Inc.
  • Rolta India,
  • L3 Technologies
  • Transas
  • Frequentis
  • apan Radio Co. Ltd.


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“The Global Vessel Traffic Management System (VTMS) market is driven by several key factors. Safety and security requirements play a pivotal role, with VTMS systems serving as essential tools to ensure vessel safety, protect coastal areas, and respond to emergencies. International maritime regulations, such as those set by the International Maritime Organization (IMO), mandate compliance with safety and security standards, compelling the adoption of VTMS. Increasing maritime traffic, propelled by the growth of global trade, necessitates more efficient traffic management, further fueling the VTMS market. Technological advancements, such as AIS and real-time data analytics, make VTMS more effective and attractive for maritime authorities and operators. The need to address environmental concerns, search and rescue operations, and national security also drives VTMS adoption. Moreover, economic growth and trade expansion depend on the efficient maritime transportation facilitated by VTMS, making it an integral part of global commerce.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Vessel Traffic Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Component (Equipment, Solutions, Service), by Systems (Port Management Information Systems, Maritime Distress Safety Systems, River Information Systems, Aton Management Health Monitoring Systems) and by End User (Commercial, Defense), By Region, By Competition 2018-2028 has evaluated the future growth potential of Global Vessel Traffic Management Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Vessel Traffic Management Market.


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