Global Vessel Traffic Services VTS
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Vessel Traffic Service market size was USD. 5.45 Billion in 2022 and it is forecasted to reach USD 9.70 Billion by 2030. Vessel Traffic Service Industry's Compound Annual Growth Rate will be 8.41% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the Global Vessel Traffic Service market size was USD. 5.45 Billion in 2022 and it is forecasted to reach USD 9.70 Billion by 2030. Vessel Traffic Service Industry's Compound Annual Growth Rate will be 8.41% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Vessel Traffic Services VTS Market Sales Revenue | 121212 | 121212 | 121212 | 8.41% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Technology |
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Market Split by End-Use |
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Market Split by Investment |
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Market Split by Components |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Vessel Traffic Services VTS Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Vessel Traffic Services (VTS) market involves systems that monitor and manage maritime traffic to ensure safe and efficient navigation, particularly in congested or sensitive waterways. These systems use radar, AIS, CCTV, and communication tools to support port authorities and maritime operators. Market growth is driven by rising global trade and increasing safety concerns, while high setup costs and cybersecurity risks act as restraints. Innovations like AI and data analytics are enhancing predictive capabilities and operational efficiency.
For instance, in September 2024, Pilbara Ports officially opened a new Vessel Traffic Services (VTS) Centre at the Port of Dampier, enhancing maritime safety and operational capacity in the West Pilbara region.
(Source: https://www.porttechnology.org/news/pilbara-ports-unveils-vessel-traffic-services-centre/)
The tourism industry's growth is significantly boosting the Vessel Traffic Services (VTS) market. Since global tourism is increasing, especially in coastal and island destinations, there is a rising need for efficient maritime traffic management to ensure passenger safety and timely arrivals. VTS systems, equipped with advanced radar, Automatic Identification Systems (AIS), and communication technologies, play a crucial role in managing the heightened vessel traffic associated with tourism. This demand is particularly evident in regions like the Caribbean, Mediterranean, and Southeast Asia, where cruise tourism is flourishing. Consequently, investments in VTS infrastructure are accelerating to accommodate the growing maritime traffic and enhance the overall tourist experience.
The Vessel Traffic Services (VTS) market faces significant challenges due to the high costs associated with system installation and ongoing maintenance. Implementing advanced VTS solutions involves substantial investments in infrastructure, equipment, and skilled personnel, which can be prohibitively expensive for many ports and maritime authorities, especially in developing regions. Additionally, the complexity of integrating new technologies with existing systems further escalates costs and implementation timelines. These financial and technical barriers can impede the widespread adoption of VTS, potentially hindering efforts to enhance maritime safety and efficiency globally.
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Saab announced the divestment of its Maritime Traffic Management (MTM) operation to funds advised by Agilitas Private Equity LLP (“Agilitas”) for an enterprise value of approximately 40 MEUR. MTM is a provider of management solutions for vessel traffic, ports, and terminals. Completion of the divestment is subject to certain conditions that need to be fulfilled before closing, expected to take place no later than March 2023.
The Hellenic Coast Guard has selected Frequentis and Space Hellas to provide an integrated communication system to enhance search and rescue and maritime safety for the Greek coastline.
Norwegian technology firm Kongsberg announced it will install and test autonomous ship technologies on two vessels in Europe's inland waterways and short-sea coastal shipping routes.
ShipXplorer has announced the launch of its new web tracking portal and ship tracker, powered by its parent company AirNav Systems, with the stated aim of creating the world’s largest AIS-based ship tracking network.
Top Companies Market Share in Vessel Traffic Services VTS Industry: (In no particular order of Rank)
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Asia Pacific accounted for the largest market share during the year 2021, owing to the large ocean area and major port expansion and modernization projects. In the Asia Pacific region, India is the fastest-growing market. In the forecast period also, the Asia Pacific region is estimated to be the highest growing market for the Vessel Traffic Services (VTS) market, due to the growing investments in marine transport projects. According to the Ministry of Ports, Shipping & Waterways Government of India (2021), there are 150+ initiatives identified across Ports, Shipping, and Waterways in India. It is estimated that cargo volume to increase by 1.7-2X by 2030. In addition, 39 projects are planned for PPP adoption by 2021.
The current report Scope analyzes Vessel Traffic Services VTS Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Vessel Traffic Services VTS Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Vessel Traffic Services VTS Industry growth. Vessel Traffic Services VTS market has been segmented with the help of its Type, Application Technology , and others. Vessel Traffic Services VTS market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Vessel Traffic Services VTS market.
Type of Vessel Traffic Services VTS analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vessel Traffic Services VTS Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Vessel Traffic Services VTS from 2019 to 2031. This will also help to analyze the demand for Vessel Traffic Services VTS across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Vessel Traffic Services VTS are:
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In terms of revenue, The Commercial sector was the leading End Users with 63.56% share of total Vessel Traffic Services VTS market
Based on end users, the market is segmented into the commercial and defense sectors. The commercial sector held the maximum market share and is expected to grow with a significant CAGR in the forecast period, owing to the increasing sea transportation of various supplies such as crude oil, food items, automobiles, and others. According to, Indian Shipping Statistics 2020, as on 31st December 2020, India had a fleet strength of 1463 vessels with gross tonnage (GT) of 13.01 million as compared to a fleet strength of 1429 vessels with 12.75 million GT at the end of December 2019.
In terms of revenue The Brownfield was the leading Investment with 53.67% share of total Vessel Traffic Services VTS market 2021.
Based on investment, the market is segmented into brownfield and greenfield investments. Brownfield investment is dominating the market, due to the major investments being made in port expansion and modernization programs.
In terms of revenue, Equipment was the leading components with 41.85% share of total Vessel Traffic Services VTS market in 2021.
Based on components, the market is segmented into equipment, solution, and service. The equipment segment held the largest market share during 2021 and is expected to grow at a significant growth rate in the forecast period. This is due to the increasing adoption of various surveillance, navigation, and communication systems in vessel traffic management.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
The Global Vessel Traffic Services VTS Market is witnessing significant growth in the near future.
In 2023, the Information Service (INS) segment accounted for noticeable share of global Vessel Traffic Services VTS Market and is projected to experience significant growth in the near future.
The Port Service segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Signalis S.A.S (France), Saab (Sweden) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Information Service (INS), Traffic Organization Service (TOS), Navigational Advice and Assistance Service (NAS), Maintenance Service, Operation Service |
Application | Port Service, Coastal Service, Other |
Technology | Automatic Identification Systems (AIS), Radio Communications and Voice Integrator, Meteo/Hydro Equipment, CCTV Surveillance Camera, Unmanned Aerial Vehicles (UAV), Sensors, Others |
End-Use | Commercial Sector, Defense Sector |
Investment | Brownfield, Greenfield |
Components | Equipment, Solution, Service |
List of Competitors | Signalis S.A.S (France), Indra Company (Spain), Saab (Sweden), Kongsberg (Norway), Transas (United Kingdom), Lockheed Martin (United States), Keiki (Japan), Frequentis (Austria), Vissim AS (Norway), SRT (United Kingdom), Kelvin Hughes (United Kingdom), Terma A/S (Denmark) |
This chapter will help you gain GLOBAL Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review Global Vessel Traffic Services VTS Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review North America Vessel Traffic Services VTS Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review Europe Vessel Traffic Services VTS Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review Asia Pacific Vessel Traffic Services VTS Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review South America Vessel Traffic Services VTS Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review Middle East Vessel Traffic Services VTS Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Vessel Traffic Services VTS. Further deep in this chapter, you will be able to review Middle East Vessel Traffic Services VTS Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Vessel Traffic Services VTS. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Technology Analysis 2021 - 2033
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Chapter 13 Market Split by End-Use Analysis 2021 - 2033
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Chapter 14 Market Split by Investment Analysis 2021 - 2033
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Chapter 15 Market Split by Components Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Vessel Traffic Services VTS market
Chapter 16 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 17 Research Methodology and Sources
Why Information Service (INS) have a significant impact on Vessel Traffic Services VTS market? |
What are the key factors affecting the Information Service (INS) and Traffic Organization Service (TOS) of Vessel Traffic Services VTS Market? |
What is the CAGR/Growth Rate of Port Service during the forecast period? |
By type, which segment accounted for largest share of the global Vessel Traffic Services VTS Market? |
Which region is expected to dominate the global Vessel Traffic Services VTS Market within the forecast period? |
Segmentation Level Customization |
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Company Level |
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Additional Qualitative Data |
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Service Level Customization |
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