According to the report, the Middle East and Africa vessel monitoring system market is projected to grow at a CAGR of 9.9% between 2024 and 2032. Aided by the growing need for advanced maritime technology and the broadening applications of vessel monitoring systems across diverse sectors in the marine industry, the market is expected to grow significantly by 2032.
Vessel Monitoring Systems (VMS) are sophisticated tracking systems extensively utilised in the marine industry for constant tracking, monitoring, and surveillance of vessels. These systems are integral for maintaining maritime security, safety, and efficiency, and are crucial for tracing illegal fishing activities, controlling marine traffic, and safeguarding marine workers. Besides their primary function of vessel tracking, VMS also offer substantial potential for multiple industrial applications, including logistics, offshore wind energy, and maritime research.
The increasing demand for advanced maritime technology is fuelling the Middle East and Africa vessel monitoring system market growth. With escalating concerns over maritime security and stricter regulations for fishing and marine conservation being enforced, there has been a significant uptick in the demand for comprehensive vessel monitoring systems. The trend of digitisation and the incorporation of IoT in the maritime sector have further augmented demand for advanced VMS, as they provide real-time data and enhanced operational efficiency.
The extensive applications of VMS across various sectors of the marine industry are also major factors positively influencing the Middle East and Africa vessel monitoring system market outlook. In the fisheries industry, VMS is used to trace fishing vessels and ensure compliance with fishing regulations, thereby promoting sustainable fishing practices. In maritime logistics, VMS is implemented for efficient fleet management and timely delivery of goods. Furthermore, emerging sectors such as offshore wind energy and marine research are increasingly adopting VMS for improved operational management and data collection.
Moreover, the rising emphasis on maritime safety and conservation in the Middle East and Africa has led to an increased focus on VMS as a crucial tool for marine management. With the rise in instances of illegal fishing and maritime accidents, VMS has become an indispensable system for enforcing marine laws, tracing illicit activities, and ensuring the safety of marine workers, thereby fuelling the Middle East and Africa vessel monitoring system market demand.
Vessel Monitoring Systems (VMS) are sophisticated tracking systems extensively utilised in the marine industry for constant tracking, monitoring, and surveillance of vessels. These systems are integral for maintaining maritime security, safety, and efficiency, and are crucial for tracing illegal fishing activities, controlling marine traffic, and safeguarding marine workers. Besides their primary function of vessel tracking, VMS also offer substantial potential for multiple industrial applications, including logistics, offshore wind energy, and maritime research.
The increasing demand for advanced maritime technology is fuelling the Middle East and Africa vessel monitoring system market growth. With escalating concerns over maritime security and stricter regulations for fishing and marine conservation being enforced, there has been a significant uptick in the demand for comprehensive vessel monitoring systems. The trend of digitisation and the incorporation of IoT in the maritime sector have further augmented demand for advanced VMS, as they provide real-time data and enhanced operational efficiency.
The extensive applications of VMS across various sectors of the marine industry are also major factors positively influencing the Middle East and Africa vessel monitoring system market outlook. In the fisheries industry, VMS is used to trace fishing vessels and ensure compliance with fishing regulations, thereby promoting sustainable fishing practices. In maritime logistics, VMS is implemented for efficient fleet management and timely delivery of goods. Furthermore, emerging sectors such as offshore wind energy and marine research are increasingly adopting VMS for improved operational management and data collection.
Moreover, the rising emphasis on maritime safety and conservation in the Middle East and Africa has led to an increased focus on VMS as a crucial tool for marine management. With the rise in instances of illegal fishing and maritime accidents, VMS has become an indispensable system for enforcing marine laws, tracing illicit activities, and ensuring the safety of marine workers, thereby fuelling the Middle East and Africa vessel monitoring system market demand.
Market Segmentation
The market can be divided based on vessel type, application, and country.
Market Breakup by Vessel Type
- Fishing Vessel
- Cargo Vessel
- Service Vessel
- Passenger Ships and Ferries
- Others
Market Breakup by Application
- Fisheries Management
- Surveillance
- Others
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Middle East and Africa vessel monitoring system market. Some of the major players explored in the report are as follows:- Global Fishing Watch, Inc.
- CLS Group
- Applied Satellite Technology Ltd
- Visma
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market11 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Middle East and Africa Vessel Monitoring System Market Analysis
9 Market Dynamics
10 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Applied Satellite Technology Ltd
- CLS Fisheries
- ORBCOMM Inc.
- Trackwell
Methodology
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