Global Vessel Traffic Services
Market Report
2025
The Global Vessel Traffic Services market was estimated at USD 4.1 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.3% 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 services market was estimated at USD 4.1 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Vessel Traffic Services Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 7.3% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Investment |
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Market Split by End User |
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Market Split by Systems |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Vessel Traffic Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Vessel traffic services (VTS) refer to integrating numerous technologies and systems to enable the safe and efficient movement of vessels on waterways. It uses radars, automated identification systems (AIS), communication systems, and surveillance equipment to monitor vessel traffic and deliver critical information to maritime authorities and vessel operators. The vessel traffic services market is expanding rapidly, owing to the growing demand for marine safety and the volume of international trade. VTS systems avoid crashes, optimize vessel movements, and reduce environmental hazards.
The growing use of new technologies like IoT, AI, and cloud computing is reshaping the vessel traffic services industry. These technologies allow for integrating data from many sources, increased situational awareness, and improved decision-making.
For instance, ShipXplorer announced the official launch of its new web tracking portal and ship tracker in June 2022, powered by its parent firm AirNav Systems, to develop the world's largest AIS-based ship monitoring network.
(Source:smartmaritimenetwork.com/2022/06/28/shipxplorer-launches-online-ais-based-vessel-tracking-service/)
Vessel traffic services are beneficial for controlling traffic on congested maritime routes such as ports, harbors, and coastal areas. As international trade volumes expand, ports and waterways become more congested with vessel traffic. This congestion requires efficient traffic management solutions to ensure safe navigation, prevent collisions, and optimize port operations. Rapidly rising sea traffic due to increased trade activity will likely fuel the expansion of the vessel traffic services market.
For example, global maritime trends are expected to increase to about 14 billion tons of seaborne trade by the end of 2030, increasing sea traffic.
(Source:www.reuters.com/article/us-marine-trade-idUSBRE9370LY20130408)
The growth of e-commerce, globalization of supply chains, and the movement of goods across different regions further amplify the demand for effective vessel traffic management, making VTS systems essential tools for enhancing maritime safety and operational efficiency.
The implementation of regulatory frameworks and adherence to international maritime standards drive the adoption of vessel traffic services. Organizations like the International Maritime Organization (IMO) have established guidelines and regulations to ensure maritime safety, environmental protection, and efficient traffic management. VTS systems are critical in helping vessels adhere to these regulations by providing accurate and up-to-date information for navigational planning and risk mitigation. The strong link between VTS systems and regulatory requirements positions them as integral components of responsible maritime operations and encourages their adoption to achieve operational excellence and regulatory conformity.
For instance, Equinor & Vissim developed new ocean space surveillance and traffic management solutions for multiple operators on the Norwegian and UK continental shelf in September 2022.
(Source:www.vissim.no/news/equinor-completes-new-ocean-space-surveillance-system)
The increasing reliance on digital technologies and connectivity within the VTS market exposes systems to cybersecurity threats. VTS systems handle sensitive data on vessel positions, routes, and maritime plans. A breach or unauthorized access to this data could lead to safety risks, disruptions in maritime traffic, and potential environmental hazards. Cyberattacks targeting VTS systems could exploit vulnerabilities, disrupt communication networks, and compromise real-time traffic monitoring capabilities. The complexity of VTS systems, the use of third-party components, and the constant evolution of cyber threats make it challenging to ensure robust cybersecurity measures.
The COVID-19 pandemic had a notable impact on the Vessel Traffic Services (VTS) market, causing disruptions in maritime trade patterns, supply chain challenges, and shifts in port operations due to lockdowns and restrictions. While some regions experienced reduced vessel traffic due to global economic slowdowns, others witnessed increased demand for efficient VTS systems to manage changing traffic patterns and ensure crew safety during crew changeovers and port operations. The pandemic highlighted the importance of digitalization and remote monitoring capabilities within the VTS sector, accelerating the adoption of advanced technologies to enable real-time communication, traffic management, and compliance with health and safety protocols
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The market for vessel traffic services is very competitive, with several major competitors operating globally. These companies provide vessel traffic management solutions and services to port authorities, marine agencies, and vessel operators. These businesses compete on technology innovation, product features, dependability, scalability, and customer service. They also try to form strategic alliances with port authorities, marine agencies, and technology companies to increase their market presence and customer base.
October 2021: Kongsberg Norcontrol IT (KNC) has signed a five-year agreement with the Norwegian Coastal Administration (NCA) to design and build a new national vessel traffic service (VTS) system.
March 2019: The French Defence Procurement Agency has awarded Thales a contract to provide two coastal surveillance radars to improve marine threat detection. Thales will supply Coast Watcher 100s under the contract, which is expected to provide optimal protection for tactical test locations.
(Source:www.naval-technology.com/news/thales-wins-contract-to-supply-coastal-surveillance-radars-to-france/)
Top Companies Market Share in Vessel Traffic Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the global market in 2022 and accounted for a share of more than 40% of the global revenue. North America has a well-developed maritime infrastructure, including major ports and rivers. The United States and Canada have installed modern vessel traffic management systems to improve maritime safety and traffic throughput. The region is distinguished by a high degree of technological adoption and an emphasis on ongoing development in vessel traffic services.
According to Cognitive Market Research, the U.S. is expected to achieve the fastest growth rate in the projected period within the vessel traffic services (VTS) market due to its robust economic activity, adherence to stringent regulatory standards, ongoing port modernization efforts, prioritization of maritime security, and active participation in international collaborations. The U.S. highly emphasizes maritime safety, environmental protection, and regulatory compliance. Stringent regulations set by organizations such as the International Maritime Organization (IMO) drive the adoption of VTS systems to monitor vessel movements, enforce safety protocols, and prevent accidents.
The Asia Pacific region is a hub of global maritime trade, with numerous major ports and shipping routes facilitating the movement of goods. The increasing trade volumes, driven by the region's economic growth and production centers, demand efficient VTS systems to manage the rising vessel traffic, prevent congestion, and ensure safe navigation. Many countries in this region are experiencing significant economic growth, leading to increased industrial activities and trade. This regional growth fuels the need for better maritime infrastructure, including advanced VTS systems that optimize port operations, streamline logistics, and support the efficient movement of goods
The current report Scope analyzes Vessel Traffic Services 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 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 Industry growth. Vessel Traffic Services market has been segmented with the help of its Investment, End User Systems, and others. Vessel Traffic Services 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.
According to Cognitive Market Research, the maintenance service is the most frequently utilized type in the global market for vessel traffic services. Ensuring the continuous and optimal functioning of VTS systems is crucial for maritime safety and efficiency. Regular maintenance services help identify and promptly address technical issues, system malfunctions, and equipment failures, minimizing downtime and disruptions in maritime operations. Proactive maintenance practices extend the lifespan of VTS systems and prevent potential issues before they escalate.
Operation service is the second-most used type category. Operation services provide real-time monitoring and management of vessel traffic, offering crucial information to maritime authorities, port operators, and vessels. The need to ensure safe navigation, prevent collisions, and manage traffic flow drives the demand for continuous operation services. Operation services are pivotal in enhancing navigational safety by providing vessels with timely updates on navigational hazards, weather conditions, and potential risks.
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 Industry. Request a Free Sample PDF!
Port management information systems (PMIS) are the vessel traffic services market's most popular offering. PMIS solutions offer a holistic approach to managing port operations by integrating various functionalities such as vessel traffic monitoring, berth allocation, cargo handling, and logistics management. This comprehensive integration streamlines port activities, optimizing resource allocation and enhancing overall operational efficiency. These systems also provide advanced traffic management capabilities, facilitating the movement of vessels within the port area. With real-time tracking, berth scheduling, and route optimization, PMIS enhances traffic flow, reduces congestion, and minimizes vessel waiting times.
According to Cognitive Market Research, the maritime distress safety system is the second-most popular service due to its paramount emphasis on safety & security, regulatory compliance requirements, global reach through satellite communication, timely search & rescue facilitation, and its critical role in safeguarding crew members, passengers, and vessels during distress situations. The system's ability to streamline distress communication processes, mitigate operational risks, and align with technological advancements further contributes to its prominence, as it addresses the industry's need for standardized, efficient, and dependable distress communication protocols.
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According to Cognitive Market Research, the commercial end-user segment leads the vessel traffic services market due to heightened economic activity across shipping, trade, and logistics industries. This necessitates efficient traffic management for timely deliveries and optimized port operations. In addition, market players are primarily focused on enhancing productivity by reducing overall travel times by offering a network to these commercial ships in which they can choose the shortest routes to their destination based on several parameters, such as port availability and traffic congestion.
On the other hand, the defense segment emerges as the fastest-growing market segment, propelled by increasing maritime security concerns and the imperative for robust border control and surveillance. Defense organizations use VTS systems to monitor and control maritime borders, preventing illegal activities such as smuggling, human trafficking, and piracy. The need for robust surveillance capabilities drives the adoption of advanced VTS technologies, including radar systems and vessel tracking solutions.
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 Market is witnessing significant growth in the near future.
In 2023, the Maintenance Service segment accounted for noticeable share of global Vessel Traffic Services Market and is projected to experience significant growth in the near future.
The Defense segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Kelvin Hughes (UK) , Indra (Spain) 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:
Investment | Maintenance Service, Operation Service |
End User | Defense, Commercial |
Systems | Port Management Information Systems, Maritime Distress Safety System, Others |
List of Competitors | Kelvin Hughes (UK), Leonardo Finmeccanica (Italy), Indra (Spain), Transas (Ireland), L3 Technologies (US), Kongsberg (Norway), Japan Radio Co. Ltd (Japan), Tokyo Keiki Inc (Japan), TERMA (Denmark), Frequentis (Austria), Rolta (India), Thales (France), Saab AB (Sweden) |
This chapter will help you gain GLOBAL Market Analysis of Vessel Traffic Services. Further deep in this chapter, you will be able to review Global Vessel Traffic Services 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. Further deep in this chapter, you will be able to review North America Vessel Traffic Services 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. Further deep in this chapter, you will be able to review Europe Vessel Traffic Services 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. Further deep in this chapter, you will be able to review Asia Pacific Vessel Traffic Services 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. Further deep in this chapter, you will be able to review South America Vessel Traffic Services 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. Further deep in this chapter, you will be able to review Middle East Vessel Traffic Services 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. Further deep in this chapter, you will be able to review Middle East Vessel Traffic Services 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. 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.
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 Investment Analysis 2019 -2031, will provide market size split by Investment. 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 Investment Analysis 2021 - 2033
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 11 Market Split by End User Analysis 2021 - 2033
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Chapter 12 Market Split by Systems Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Vessel Traffic Services market
Chapter 13 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 14 Research Methodology and Sources
Why Maintenance Service have a significant impact on Vessel Traffic Services market? |
What are the key factors affecting the Maintenance Service and Operation Service of Vessel Traffic Services Market? |
What is the CAGR/Growth Rate of Defense during the forecast period? |
By type, which segment accounted for largest share of the global Vessel Traffic Services Market? |
Which region is expected to dominate the global Vessel Traffic Services Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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