Vessel Traffic Management System Market 2017 Global Industry: Market Trends, Share, Size & 2023 Forecast Report

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Vessel Traffic Management System Market Research
Report- Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Vessel Traffic Management System Market Research
Report- Forecast 2023
Vessel Traffic Management System Market Research
Report- Forecast 2023

• In the process to enhance and safeguard maritime
  transport, marine environment, and sea borders,
  it is essential to implement advance information
  and communication technologies. Advance
  technologies aid in the gathering, storing,
  processing, presenting, and segregating essential
  data involved in maritime transport. This
  integration process is executed by the system
  known as Vessel Traffic Management System (VTMS).
• The Vessel Traffic Management System Market
  system is open, flexible, and contains modular
  architecture, which gives a scope to upgrade the
  system by utilizing computer and communication
  systems. The VTMIS system is evolved on the basis
  of client-server architecture, where the server
  offers services to clients who are disconnected
  from the server. The client and server are
  independent of each other.

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Vessel Traffic Management System Market Research
Report- Forecast 2023
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Vessel Traffic Management System Market Research
Report- Forecast 2023

• Additionally, the VTMS is comprised of various
  information system, which is integrated,
  processed, and correlated with each other.
  Various information system include radars,
  automatic identification system, direction
  finders, port management information system,
  electro-optical systems, and surveillance
  networks sharing radar and AIS data. These system
  requires frequent solutions and services to
  remain operative in maritime transports.
• The European region contains some of the key
  players, namely Frequentis (Austria), TERMA
  (Denmark), Kongsberg (Norway), Transas (Ireland),
  Saab AB (Sweden), and Thales (France), who are
  constantly involved in providing solution to VTMS
  market. Increase in awareness of installing VTMS
  systems at ports in order to keep high
  surveillance and decreased illegal immigration,
  crimes such as smuggling, and terrorist
  activities are expected to gain popularity
  through the forecast period.
• The global Vessel Traffic Management System
  Market is expected to reach approximately USD 3.4
  billion by 2023 growing at an 8 CAGR over the
  forecast period 2017-2023

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Vessel Traffic Management System Market Research
Report- Forecast 2023
Regional Analysis

• Geographically, the Vessel Traffic Management
  System is segmented into four different regions
  namely North America, Asia Pacific, Europe, and
  the Rest of the World.
• Europe is also expected to have a substantial
  growth in the market. The United Kingdom, France,
  Italy, and Germany are expected to be the leading
  countries in the region. This is attributed to
  the presence of large number of manufacturers in
  the region. Asia Pacific is also anticipated to
  be the fastest growing region in the vessel
  traffic management system market over the
  forecast period. India, Japan, and China are the
  leading countries in the vessel traffic
  management system market, owing to the rise in
  number of defense deals with the European market.

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Vessel Traffic Management System Market Research
Report- Forecast 2023
Application Major Players in this Research

• Vessel Traffic Management System Market Prominent
  Players
• Saab AB (Sweden),
• Thales (France),
• Rolta India (India),
• Frequentis (Austria),
• TERMA (Denmark),
• Tokyo Keiki Inc. (Japan),
• Japan Radio Co. Ltd. (Japan),
• Kongsberg (Norway),
• L3 Technologies (U.S.),
• Transas (Ireland),

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Vessel Traffic Management System Market Research
Report- Forecast 2023
Vessel Traffic Management System Market Segmented
on the basis of
Segment The Vessel Traffic Management System
Market is differentiated into component, system,
and end-user. By component, the vessel traffic
management system market is segregated into
hardware, solutions, and service. The hardware of
VTMS consists of sensors (which include a marine
radar sub-system and automatic identification
sub-system, communication and computer networks,
operator consoles, servers, databases, and video
walls). Solution sub-segment consists of sensor
integrators, routing monitor, multi-sensor
tracker, and electronic navigation charts.
Furthermore, services sub-segment consists of
maintenance and operating services. By systems,
the market is sub-divided into Port Management
Information
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