Middle East & Africa 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)

TIPRE00015456 | Pages: 77 | Electronics and Semiconductor | Oct 2020 | Type: Regional | Status: Published

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. Backed by government support, VMS is a standard system of fisheries monitoring and control across MEA. Increasing trade of goods other than fisheries at a large scale is projected to influence the demand for advanced tracking solutions such as VMS across MEA. Factors such as surge in need for monitoring due to illegal activities and escalation in fisheries applications are expected to create significant demand for VMS which will drive the MEA vessel monitoring system market.

Furthermore, in case of COVID-19, MEA is highly affected especially Saudi Arabia. Coronavirus outbreak has highly disrupted the supply and demand gap in the adoption of VMS (vessel monitoring system) in MEA countries. The population of MEA consumes higher volumes of seafood that is resulting into more trade in fisheries. However, due to disruptions in the supply chain of transporting fish and other seafood items caused by travel ban has affected the fisheries sector of the region massively. In addition, limited trade of other products, which are transported through cargo vessels, has also witnessed a downfall because of low demand from end users. Coronavirus had negatively affected the MEA vessel monitoring system market. The imposition of lockdown and movement of vehicles by government bodies to reduce curb the spread of the virus has negatively impacted the trade of products across MEA. Owing to the low business of trade, the number of cargo vessels, fisheries vessels has decreased drastically, which limited the use of VMS. Also, due to the temporary shutdown of manufacturing units, the procurement of new ships had negatively impacted, also affecting the vessel monitoring system market negatively.


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Market Overview and Dynamics

The MEA vessel monitoring system market is expected to grow from US$ 47.20 million in 2019 to US$ 94.26 million by 2027; it is estimated to grow at a CAGR of 9.4 % from 2020 to 2027. Rising possibilities for cargo monitoring is expected to speed up the MEA vessel monitoring system market. An increasing seaborne trade across the MEA results in the rising investment in safety and security system which boosts the growth of the MEA vessel monitoring system market. Further, advancements in repair, restoration and upgrade of vessels is projected to fuel the growth for MEA vessel monitoring system market. Additionally, increase in trade activities backed retrofitting of old system with new advanced VMS to optimize and streamline the operations are among other factors forecasted to create growth opportunities for MEA vessel monitoring system market players. Advancements including near real-time tracking provides a brief analysis of the fleet, including risks, security threats, and various regulatory territories. So, factors like technological advancement, upgradations, safety and security, increase in trading, more efficiency, operations optimization etc. are expected to create more possibilities for cargo monitoring, which will ultimately drive the vessel monitoring system market in MEA.

Key Market Segments

In terms of application, the fisheries management segment accounted for the largest share of the MEA vessel monitoring system market in 2019. In terms of vessel type, the fishing vessels segment held a larger market share of MEA 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 MEA 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 Applied Satellite Technology Ltd, BlueTraker, CLS Fisheries, ORBCOMM Inc., and Trackwell.

Reasons to buy report

  • To understand the MEA 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 MEA vessel monitoring system market
  • Efficiently plan M&A and partnership deals in MEA 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 MEA vessel monitoring system market
  • Obtain market revenue forecast for vessel monitoring system market by various segments from 2020-2027 in MEA region.

MEA Vessel Monitoring System Market Segmentation

MEA Vessel Monitoring System Market - By Application

  • Fisheries Management
  • Surveillance
  • Others

MEA Vessel Monitoring System Market - By Vessel Type

  • Fishing Vessels
  • Cargo Vessels
  • Service Vessels
  • Passenger Ships and Ferries
  • Others

MEA Vessel Monitoring System Market - By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

MEA Vessel Monitoring System Market - Company Profiles

  • Applied Satellite Technology Ltd
  • BlueTraker
  • CLS Fisheries
  • ORBCOMM Inc.
  • Trackwell      

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.           MEA Vessel Monitoring System Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           MEA Vessel Monitoring System Market– Key Industry Dynamics

5.1         Market Drivers

5.1.1        Surge in Need for Monitoring due to Illegal Activities

5.1.2        Escalating Fisheries Applications

5.2         Market Restraint

5.2.1        High Establishment Cost

5.3         Market Opportunity

5.3.1        Rising Possibilities for Cargo Monitoring

5.4         Future Trend

5.4.1        Combination with New Technologies

5.5         Impact Analysis of Drivers and Restraints

6.           Vessel Monitoring System Market –MEA Analysis

6.1         MEA Vessel Monitoring System Market Overview

6.2         MEA Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           MEA Vessel Monitoring System Market Revenue and Forecast to 2027 –By Application

7.1         Overview

7.2         MEA 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.           MEA Vessel Monitoring System Market Revenue and Forecast to 2027 –By Vessel Type

8.1         Overview

8.2         MEA 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.           MEA Vessel Monitoring System Market – Country Analysis

9.1         Overview

9.1.1        MEA: Vessel Monitoring System Market, by Key Country

9.1.1.1          South Africa: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1          South Africa: Vessel Monitoring System Market, by Vessel Type

9.1.1.1.2          South Africa: Vessel Monitoring System Market, by Application

9.1.1.2          Saudi Arabia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1          Saudi Arabia: Vessel Monitoring System Market, by Vessel Type

9.1.1.2.2          Saudi Arabia: Vessel Monitoring System Market, by Application

9.1.1.3          UAE: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1          UAE: Vessel Monitoring System Market, by Vessel Type

9.1.1.3.2          UAE: Vessel Monitoring System Market, by Application

9.1.1.4          Rest of MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1          Rest of MEA: Vessel Monitoring System Market, by Vessel Type

9.1.1.4.2          Rest of MEA: Vessel Monitoring System Market, by Application

10.        Impact of COVID-19 Pandemic on MEA Vessel Monitoring System Market

10.1      MEA: 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      BlueTraker

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      CLS Fisheries

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      Trackwell

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.             MEA Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             South Africa: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             South Africa: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Saudi Arabia: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Saudi Arabia: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 6.             UAE: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)

Table 7.             UAE: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Rest of MEA: Vessel Monitoring System Market, by Vessel Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.             Rest of MEA: Vessel Monitoring System Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Vessel Monitoring System Market Segmentation

Figure 2.           MEA Vessel Monitoring System Market Segmentation – By Country

Figure 3.           MEA Vessel Monitoring System Market Overview

Figure 4.           MEA Vessel Monitoring System Market, by Country

Figure 5.           MEA Vessel Monitoring System Market, By Vessel Type

Figure 6.           MEA Vessel Monitoring System Market, By Application

Figure 7.           MEA: PEST Analysis

Figure 8.           Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        MEA Vessel Monitoring System Market: Impact Analysis of Drivers and Restraints

Figure 11.        MEA Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        MEA Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027 (%)

Figure 13.        MEA Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)

Figure 14.        MEA Surveillance Market Revenue and Forecast to 2027 (US$ Mn)

Figure 15.        MEA Others Market Revenue and Forecast to 2027 (US$ Mn)

Figure 16.        MEA Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027 (%)

Figure 17.        MEA Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)

Figure 18.        MEA Cargo Vessel Market Revenue and Forecast to 2027 (US$ Mn)

Figure 19.        MEA Service Vessel Market Revenue and Forecast to 2027 (US$ Mn)

Figure 20.        MEA Passenger Ships & Ferries Market Revenue and Forecast to 2027 (US$ Mn)

Figure 21.        MEA Others Market Revenue and Forecast to 2027 (US$ Mn)

Figure 22.        MEA: Vessel Monitoring System Market Revenue Share, by Key Country (2019 and 2027)

Figure 23.        South Africa: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        Saudi Arabia: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        UAE: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Rest of MEA: Vessel Monitoring System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic on MEA Country Markets

 

  1. Applied Satellite Technology Ltd
  2. BlueTraker
  3. CLS Fisheries
  4. ORBCOMM Inc.
  5. Trackwell

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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

 

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