VTS-Systems market

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VTS-Systems market Research Report- Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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VTS-Systems market Research Report- Forecast 2023
VTS-Systems market Research Report- Forecast 2023

• Vessel Traffic Management System (VTMS) offers
  various services and solutions in order to
  safeguard coasts from illegal immigration and
  other fringe activities that hamper the security
  at international sea borders. Vehicle Traffic
  Services (VTS) have been developed under the
  guidelines of IALA (International Association of
  Marine Aids to Navigation and Lighthouse
  Authorities) standards. The sole purpose of
  developing a VTS is to enhance the maritime
  security and increase the proficiency of the
  navigation system and safeguard marine
  conditions. Additionally, the VTMS possesses
  certain features, such as remote monitoring and
  control, real-time and offline data fetching,
  comprehensible pictures and view, necessary
  support to operators to make decision, and
  presentation of traffic navigation and vessel
  information. In the light of these factors, the
  VTMS market is expected to witness a significant
  growth over the forecast period.

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VTS-Systems market Research Report- Forecast 2023
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VTS-Systems market Research Report- Forecast
2023

• By component, the VTS-Systems market is
  categorized into equipment, solutions, and
  service. The equipment of VTMS comprises sensors
  (which include a marine radar sub-system and
  automatic identification sub-system,
  communication and computer networks, operator
  consoles, servers, databases, and video walls).
• By systems, the market is sub-segmented into Port
  Management Information Systems, Global Maritime
  Distress Safety System, River Information Systems
  (RIS), and A to N Management Health Monitoring
  Systems. By end-user, the market is sub-segmented
  into commercial and defense.
• However, River Information System (RIS) is
  anticipated to be the fastest growing sector in
  Asia Pacific region, particularly in India, due
  to rapid development in Namami Gange Programme
  and regulation policy of interlinking rivers in
  the country. Recently, The Inland Waterway
  Authority of India under the Ministry of
  Shipping introduced the River Information System
  (RIS) along the 145-kilometre long river Ganges,
  from Farakka to Haldia in West Bengal.

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VTS-Systems 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 VTS-Systems
  market over the forecast period. India, Japan,
  and China are the leading countries in the
  VTS-Systems market, owing to the rise in number
  of defense deals with the European market.

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VTS-Systems market Research Report- Forecast 2023
Application Major Players in this Research

• VTS-Systems 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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VTS-Systems market Research Report- Forecast 2023
VTS-Systems market Segmented on the basis of
The VTS-Systems market is differentiated into
component, system, and end-user. By component,
the VTS-Systems 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 Systems, Global Maritime Distress
Safety System, River Information Systems, and A
to N Management Health Monitoring Systems. By
the end-user, the market is sub-segmented into
commercial and defense.
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