Asia Pacific Vessel Monitoring System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application (Fisheries Management, Surveillance, and Others) and Vessel Type (Fishing Vessels, Cargo Vessels, Service Vessels, Passenger Ships and Ferries, and Others)
Market Introduction
The vessel monitoring system (VMS) is a satellite-based monitoring system providing data to end-user (operators of fishing vessels, cargo vessels) related to location, speed, and course of vessels. The VMS is heavily used for fisheries management. This system also finds its application in service vessels, passenger ships, and ferries. The fisheries managers have begun using VMS decades ago to track exact locations and monitor the fishing vessels' activity to strengthen the effectiveness of fisheries management measures. The VMS gathers vessel positions with help from satellite signals and transmits data to the communication server, which is further communicated to the land-based station/room. By using VMS, the task of tracking vessel becomes easy and fast, and assist in preventing wrongdoing activities at sea. Countries such as Thailand and South Korea in APAC have started using VMS technology to monitor their vessels, ensuring that fisheries are carrying marine products legally. Factor such as increase in fisheries applications is expected to create significant demand for VMS which will drive the APAC vessel monitoring system market.
Furthermore, in case of COVID-19, APAC is highly affected specially China and India. The governments in APAC countries are taking possible steps to reduce its effects by announcing lockdown, which is negatively affecting the manufacturing sector hence affecting the APAC vessel monitoring system market. China, Japan, South Korea, India, Vietnam, Thailand, Indonesia are some major countries having well-established business of fisheries. However, disruption in supply chain has reduced the number of fishing vessels during the pandemic situation, which will negatively impact the installation of VMS in existing fishing vessels thereby affecting the vessel monitoring system market. Also, temporary shutdown of manufacturing units has decreased the procurement of fishing, cargo, and other vessels. This further impacted the APAC vessel monitoring system market. In respect to cargo vessels, China, Hong Kong, South Korea, and Japan are the top APAC export countries which have observed negative impact in their cargo shipment. Because of low demand and movement ban, the number of cargo vessels has fallen down drastically that further decreases installation of VMS.
Get more information on this report :
Market Overview and Dynamics
The APAC vessel monitoring system market is expected to grow from US$ 282.46 million in 2019 to US$ 600.14 million by 2027; it is estimated to grow at a CAGR of 10.3 % from 2020 to 2027. Merging advanced technologies with vessel monitoring system is expected to boost up the APAC vessel monitoring system market. Advancements in automatic identification system (AIS)-based tools for vessel tracking are expected to deliver new capabilities related to on-demand and actionable business intelligence. The upcoming advancements in tools will give the waterway users real-time solutions to various critical business process optimization challenges associated with each mile-marker, berth, terminal, anchorage and buoy. Each terminal has unique set of mandates, and all the relevant ship characteristics need to be compared with the present terminal condition & restrictions. This industry is now moving to enterprise terminal management tools that help in streamlining the dock scheduling process while making it simpler to match the existing ship & cargo characteristics with the restrictions of terminal dock. As automatic identification system and other relevant asset tracking solutions become a crucial part of the incident response plans, the industry is projected to see a significant return on investment. Advantages such as optimize and streamline operations while merging technologies with VMS will drive the APAC vessel monitoring system market.
Key Market Segments
In terms of application, the fisheries management segment accounted for the largest share of the APAC vessel monitoring system market in 2019. In terms of vessel type, the fishing vessels segment held a larger market share of APAC vessel monitoring system market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the APAC vessel monitoring system market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Addvalue Technologies; Applied Satellite Technology Ltd; Beijing Highlander Digital Technology Co., Ltd.; CLS Fisheries; ORBCOMM Inc.
Reasons to buy report
- To understand the APAC vessel monitoring system market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC vessel monitoring system market
- Efficiently plan M&A and partnership deals in APAC vessel monitoring system market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC vessel monitoring system market
- Obtain market revenue forecast for vessel monitoring system market by various segments from 2020-2027 in APAC region.
APAC Vessel Monitoring System Market Segmentation
APAC Vessel Monitoring System Market - By Application
- Fisheries Management
- Surveillance
- Others
APAC Vessel Monitoring System Market - By Vessel Type
- Fishing Vessels
- Cargo Vessels
- Service Vessels
- Passenger Ships and Ferries
- Others
APAC Vessel Monitoring System Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Vessel Monitoring System Market - Company Profiles
- Addvalue Technologies
- Applied Satellite Technology Ltd
- Beijing Highlander Digital Technology Co., Ltd.
- CLS Fisheries
- ORBCOMM Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Vessel Monitoring System Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Vessel Monitoring System Market– Key Industry Dynamics
5.1 Market Drivers
5.1.1 Surge in Need for Tracking due to Illegal Activities
5.1.2 Increase in Fisheries Application
5.2 Market Restraint
5.2.1 Expensive Installation and Maintenance
5.3 Market Opportunity
5.3.1 Escalating Growth in Cargo Tracking Opportunities
5.4 Future Trend
5.4.1 Merging Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vessel Monitoring System Market – APAC Analysis
6.1 APAC Vessel Monitoring System Market Overview
6.2 APAC Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. APAC Vessel Monitoring System Market Revenue and Forecast to 2027 –By Application
7.1 Overview
7.2 APAC Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027
7.3 Fisheries Management
7.3.1 Overview
7.3.2 Fisheries Management Market Forecast and Analysis
7.4 Surveillance
7.4.1 Overview
7.4.2 Surveillance Market Forecast and Analysis
7.5 Others
7.5.1 Overview
7.5.2 Others Market Forecast and Analysis
8. APAC Vessel Monitoring System Market Revenue and Forecast to 2027 –By Vessel Type
8.1 Overview
8.2 APAC Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027
8.3 Fishing Vessel
8.3.1 Overview
8.3.2 Fishing Vessel Market Forecast and Analysis
8.4 Cargo Vessel
8.4.1 Overview
8.4.2 Cargo Vessel Market Forecast and Analysis
8.5 Service Vessel
8.5.1 Overview
8.5.2 Service Vessel Market Forecast and Analysis
8.6 Passenger Ships & Ferries
8.6.1 Overview
8.6.2 Passenger Ships & Ferries Market Forecast and Analysis
8.7 Others
8.7.1 Overview
8.7.2 Others Market Forecast and Analysis
9. APAC Vessel Monitoring System Market – Country Analysis
9.1 Overview
9.1.1 APAC: Vessel Monitoring System Market, By Country
9.1.1.1 Australia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Australia: Vessel Monitoring System Market, by Vessel Type
9.1.1.1.2 Australia: Vessel Monitoring System Market, by Application
9.1.1.2 China: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 China: Vessel Monitoring System Market, by Vessel Type
9.1.1.2.2 China: Vessel Monitoring System Market, by Application
9.1.1.3 India: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 India: Vessel Monitoring System Market, by Vessel Type
9.1.1.3.2 India: Vessel Monitoring System Market, by Application
9.1.1.4 Japan: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Japan: Vessel Monitoring System Market, by Vessel Type
9.1.1.4.2 Japan: Vessel Monitoring System Market, by Application
9.1.1.5 South Korea: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: Vessel Monitoring System Market, by Vessel Type
9.1.1.5.2 South Korea: Vessel Monitoring System Market, by Application
9.1.1.6 Rest of APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of APAC: Vessel Monitoring System Market, by Vessel Type
9.1.1.6.2 Rest of APAC: Vessel Monitoring System Market, by Application
10. Impact of COVID-19 Pandemic on APAC Vessel Monitoring System Market
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 ORBCOMM Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Applied Satellite Technology Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Addvalue Technologies
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Beijing Highlander Digital Technology Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 CLS Fisheries
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 5. China: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 6. India: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 7. India: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan: Vessel Monitoring System Market, By Vessel Types – Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 10. South Korea: Vessel Monitoring System Market, By Vessel Type– Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of APAC: Vessel Monitoring System Market, By Vessel Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of APAC: Vessel Monitoring System Market, By Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Vessel Monitoring System Market Segmentation
Figure 2. APAC Vessel Monitoring System Market Segmentation – By Country
Figure 3. APAC Vessel Monitoring System Market Overview
Figure 4. APAC Vessel Monitoring System Market, by Country
Figure 5. APAC Vessel Monitoring System Market, By Vessel Type
Figure 6. APAC Vessel Monitoring System Market, By Application
Figure 7. APAC: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. APAC Vessel Monitoring System Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. APAC Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027 (%)
Figure 13. APAC Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. APAC Surveillance Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. APAC Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. APAC Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027 (%)
Figure 17. APAC Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. APAC Cargo Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. APAC Service Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. APAC Passenger Ships & Ferries Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. APAC Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. APAC: Vessel Monitoring System Market Revenue Share, By Country (2019 and 2027)
Figure 23. Australia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. China: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. India: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Japan: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. South Korea: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of APAC: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on APAC Country Markets
- Addvalue Technologies
- Applied Satellite Technology Ltd
- Beijing Highlander Digital Technology Co., Ltd.
- CLS Fisheries
- ORBCOMM Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC vessel monitoring system market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC vessel monitoring system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the vessel monitoring system market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution