Vessel Traffic Management System Market Research Report- Forecast 2023
Vessel Traffic Management System Market Research Report- Forecast 2023
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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
Summary 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 clientserver architecture, where the server offers services to clients who are disconnected from the server. The client and server are independent of each other. 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.
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Vessel Traffic Management System Market Research Report- Forecast 2023
Major Key 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), Indra (Spain), Leonardo Finmeccanica (Italy), Kelvin Hughes (U.K).
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Vessel Traffic Management System Market Research Report- Forecast 2023
Segmentation: 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 subsegment 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 subsegmented into commercial and defense.
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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
(Germany) are focusing on the digital utilities transformation. P a g e |7
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