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Global Vessel Traffic Management Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Vessel Traffic Management Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Vessel Traffic Management Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 20 Jul 2020
  • Report ID: ICT&S 0046
  • Pages:187
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Vessel Traffic Management is anticipated to have CAGR of ~7.3% over 2019-2028. The growth in the market is attributed to the increase in the demand for the Internet Of Things (IOT), artificial intelligence and e-navigation. The advancement in these key factors is anticipated to provide better working pattern for the vessel traffic management and hence would boost the industry in the forecast period. The steep increase in the maritime situational awareness and safety posed in the current trend would help the industry to boost in the coming years.  Furthermore, surge in the investment in the Port construction and expansion is expected to help the market. There is a higher rate of freight transport activities by the sea route, which need vessel traffic management and hence help the industry flourish. However, the higher cost of installation of the system may hinder the growth.

Top Driver: Surge in security for illegal immigration and terrorist activities to boost the industry

Vessel Traffic Management is projected to grow with the threat faced by the increase in the terrorist activities in various regions, which is expected to help the market gain maximum revenue share in the coming years. The increase in the security concerns due to the illegal immigration observed in the forecast period, which poses problems for the government of the specific region to manage the population with the gained taxations, and hence rise in the demand for the vessel traffic management is posed. It is easier to enter through the sea route, whether terrorists or even the illegal immigrants and hence the management of the traffic route is a necessity.

Commercial to Make Crucial Contribution to Growth of Global Vessel Traffic Management Market

Among end user segments of the global Vessel Traffic Management market, commercial segment is anticipated to grow further in the forecast period. The surge in sea trade is observed in the trend and hence is anticipated to help the industry grow. The rise in commercial vessel around offshore, fishery ports, and also further through the inland waterways are anticipated to drive the demand for commercial vessel traffic management. The defense segment is anticipated to grow at the highest CAGR in the forecast period, owing to the increase in the war threats among various developed and developing countries.

Expansion of the ports to Benefit Asia-Pacific Market

Asia-Pacific is experiencing highest revenue growth than any other country and is anticipated to boost further in the coming years. It is estimated to continue to lead during the forecast period, due to the increase in the expansion of the port and port development projects in the developing and developed countries. Furthermore, the vessel traffic management market in the Asia Pacific is estimated to grow at the highest CAGR in the next few years, owing to the surge in sea transport, and also government involvement in coastal and port security. This owes to increase in the terrorist activities through the sea route, which is a major concern for the government and hence is anticipated to help the industry flourish further in the near future.

Due to outbreak of COVID-19 the vessel traffic management has been drastically affected following a steep downfall. The various industries, especially commercial sites have been drastically affected due to the steep downturn in the demand and the lockout situation imposed by the government in the current scenario. However, slowly after the pandemic the sea route demand would increase and would hence help the market to boost in the coming years.

Players to Focus on advanced Vessel Traffic Management

The global Vessel Traffic Management market leaders include L3 Technologies, Kongsberg, Transas, Saab AB, Thales, Rolta India, Frequentis, Tokyo Keiki Inc., Japan Radio Co. Ltd., Indra, Leonardo Finmeccanica, TERMA, and Kelvin Hughes

L3Harris Technologies: In July 2019, L3Harris Technologies announced the successful completion of the all-stock merger between Harris Corporation and L3 Technologies, headquartered in Melbourne, Florida. ASV Ltd was acquired by L3 Technologies in September 2018 – now, ASV is a subsidiary of L3Harris Technologies Inc. The ASV business is part of the Unmanned Maritime Systems (UMS) division, also consisting of the former OceanServer, Adaptive Methods and Open Water Power businesses. UMS falls under Maritime Systems in the Integrated Mission Systems segment of L3Harris Technologies.

Kongsberg Gruppen ASA: In July 2018, Kongsberg Gruppen ASA, entered into agreement with Rolls-Royce plc. to acquire Rolls-Royce Commercial Marine, a world leading technology business within maritime operations.

Thales: In May 2018, Thales acquired Cubris, paving the way for Autonomous Train. Thales is strengthening further its offering and positioning within the Rail Traffic Management segment, building upon the recent market successes and positioning strongly in one of the key technologies driving the performance optimisation of its customers.

Scope of the Report

By Equipment

  • Communication
  • Surveillance
  • Navigation

By Systems

  • Global Maritime Distress Safety Systems
  • River Information Systems
  • Port Management Information Systems
  • AtoN Management & Health Monitoring Systems

By End User

  • Commercial
  • Defense

By Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Smart Greenhouse Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Smart Greenhouse Market -Industry Snapshots

6.1             Overview

6.1.1          Global Smart Greenhouse Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Smart Greenhouse Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Smart Greenhouse Market- By Type

7.2.1          Smart Greenhouse Market- Hydroponics

7.2.2          Smart Greenhouse Market- Non-hydroponics

Chapter 8           Global Smart Greenhouse Market Analysis, by Component

8.1             Overview

8.2             Key Findings for Smart Greenhouse Market- By Component

8.2.1          Smart Greenhouse Market- HVAC Systems

8.2.2          Smart Greenhouse Market- LED Grow Lights

8.2.3          Smart Greenhouse Market- Control Systems & Sensors

Chapter 9           Global Smart Greenhouse Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Smart Greenhouse Market- By End User

9.2.1          Smart Greenhouse Market- Retail Gardens

9.2.2          Smart Greenhouse Market- Commercial Growers

9.2.3          Smart Greenhouse Market- Research & Educational Institutes

9.2.4          Smart Greenhouse Market- Others

Chapter 10       Smart Greenhouse Market Analysis by Region

10.1           Key Findings for Smart Greenhouse Market- By region

10.2           Overview

10.2.1       Global Smart Greenhouse Market Analysis, By Type, 2019 – 2028

10.2.2       Global Smart Greenhouse Market Analysis, By Component, 2019 – 2028

10.2.3       Global Smart Greenhouse Market Analysis, By End User, 2019 – 2028

10.3           Smart Greenhouse Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Component

10.3.7       North America Market, By End User

10.4           Smart Greenhouse Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Component

10.4.9       Europe market by, End User

10.5           Smart Greenhouse Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Component

10.5.8       Asia Pacific Market, By End User

10.6           Smart Greenhouse Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Component

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Nexus Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Argus Control Systems Limited

12.3           Certhon

12.4           Rough Brothers, Inc.

12.5           GreenTech Agro LLC

12.6           Netafim

12.7           Sensaphone

12.8           Cultivar Ltd.

12.9           Heliospectra AB

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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