GLOBAL MARINE TRAFFIC MONITORING SYSTEM MARKET

INTRODUCTION

MarineTraffic provides information about ships' current geographical positions as well as other related information, such as ship details, destination, estimated time of arrival, photographs, port traffic statistics, weather conditions, points of interest, and so on.

What exactly is ship tracking, and how does MarineTraffic assist millions of users in following the world's fleet in real time? Understanding not only where the ships are now, but also where they have been and will be, results in greater visibility and transparency on what is happening at sea, allowing for important decisions.

GLOBAL MARINE TRAFFIC MONITORING SYSTEM MARKET SIZE AND FORECAST

The Global Marine traffic monitoring system market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

India introduces a software solution for vessel traffic management and monitoring systems.  The Ministry of Shipping in India announced the launch of a Vessel Traffic Services (VTS) and Vessel Traffic Monitoring Systems (VTMS) software system on Tuesday.

The software solution developed by the Indian Institute of Technology in Chennai, 347 kilometres east of Bengaluru, will assess vessel positions, issue meteorological hazard warnings, and control traffic within a port or waterway in great detail.

There are around 15 VTS systems functioning throughout the Indian Coast, and there is no standardisation in VTS software because each system has its own VTS software.

The ministry said in a statement that a prototype system will be constructed in 10 months, and that in the meantime, a parallel system will be tested and used for day-to-day operations.

VTMS is required under the IMO Convention SOLAS (Safety of Life at Sea) because it integrates all of the information into a single operator working environment for ease of use and to enable for effective traffic organisation and communication.

Enditem Development of local VTS software will reduce foreign exchange expenditure on this issue while also reducing reliance on foreign support for VTS software.The availability of Indian VTS software will enable Indian firms to compete commercially in global tenders.

COMPANY PROFILE

• ST Engineering
• Rolta
• Marine Traffic
• Marine Digital
• Leonardo

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Marine traffic monitoring systems are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Marine traffic monitoring system and key vendor selection criteria
3. Where is the Marine traffic monitoring system manufactured? What is the average margin per unit?
4. Market share of Global Marine traffic monitoring system market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Marine traffic monitoring system in-house
6. key predictions for next 5 years in Global Marine traffic monitoring system market
7. Average B-2-B Marine traffic monitoring system market price in all segments
8. Latest trends in Marine traffic monitoring system market, by every market segment
9. The market size (both volume and value) of the Marine traffic monitoring system market in 2023-2030 and every year in between?
10. Production breakup of Marine traffic monitoring system market, by suppliers and their OEM relationship