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Report

Asia-Pacific Vessel Monitoring System Market Report and Forecast 2023-2028

Market Report I 2023-10-13 I 167 Pages I EMR Inc.

Asia-Pacific Vessel Monitoring System Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Asia-Pacific vessel monitoring system market is projected to grow at a CAGR of 10.7% between 2023 and 2028 to reach a value of USD 589.35 billion by 2028. Aided by the growing emphasis on sustainable fishing methods and the proliferating applications of VMS in diverse maritime sectors, the market is expected to grow significantly by 2028.
Vessel Monitoring Systems are advanced tracking technologies widely adopted in the commercial fishing industry to trace vessel movements and activities. They serve as fundamental tools in promoting maritime security, overseeing fishing quotas, and enhancing sustainable fishing practices. In addition to their core function, VMS is increasingly finding its utility in a multitude of marine-related industries, encompassing sectors like defence, oil and gas, and maritime traffic control.
The Asia-Pacific vessel monitoring system market growth is substantially driven by the intensifying focus on sustainable fishing practices. As concerns over illegal fishing and overfishing mount, the adoption of surveillance and tracking technologies has seen a significant increase, leading to a surge in the demand for VMS in the region. Moreover, stringent regulations imposed by various governments in the Asia Pacific region to counter illegal, unreported, and unregulated (IUU) fishing have played a pivotal role in advancing the market growth.
The widening applications of VMS in an array of marine sectors also add momentum to the Asia-Pacific vessel monitoring system market expansion. In the oil and gas industry, VMS finds its application in offshore operations for maritime security and vessel tracking. The defence sector, on the other hand, leverages VMS for the surveillance and security of maritime borders. Furthermore, VMS is used in maritime traffic control systems to manage vessel traffic efficiently, propelling market expansion.
The advent of advanced technologies such as the integration of Automatic Identification System (AIS) and Geographic Information System (GIS) into VMS has ushered in new opportunities for the Asia-Pacific vessel monitoring system market. Such technological progress enhances the precision and efficiency of vessel tracking and monitoring, thereby fuelling the demand for VMS in the region.
In addition, the focus is being shifted towards the development of affordable and privacy-compliant VMS. Innovations such as cloud-based VMS and advanced data encryption methods are being rolled out to provide secure and cost-effective monitoring solutions. Additionally, government support in the form of subsidies and incentives plays a crucial role in positively impacting the Asia-Pacific vessel monitoring system market growth.
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
- China
- Japan
- India
- ASEAN
- Australia
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Asia-Pacific vessel monitoring system companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- The Highlander Company
- Addvalue Technologies Ltd
- Applied Satellite Technology Ltd
- GMT COMPANY, INC.
- CLS Group
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Asia Pacific
7 Opportunities and Challenges in the Market
8 Asia Pacific Vessel Monitoring System Market Analysis
8.1 Key Industry Highlights
8.2 Asia Pacific Vessel Monitoring System Historical Market (2018-2022)
8.3 Asia Pacific Vessel Monitoring System Market Forecast (2023-2028)
8.4 Asia Pacific Vessel Monitoring System Market by Vessel Type
8.4.1 Fishing Vessel
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Cargo Vessel
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Service Vessel
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Passenger Ships and Ferries
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Asia Pacific Vessel Monitoring System Market by Application
8.5.1 Fisheries Management
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Surveillance
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Asia Pacific Vessel Monitoring System Market by Country
8.6.1 China
8.6.2 Japan
8.6.3 India
8.6.4 ASEAN
8.6.5 Australia
8.6.6 Others
9 Regional Analysis
9.1 China
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Japan
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 India
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 ASEAN
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Australia
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 The Highlander Company
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Addvalue Technologies Ltd
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Applied Satellite Technology Ltd
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 GMT COMPANY, INC.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 CLS Group
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Vessel Monitoring System Market: Key Industry Highlights, 2018 and 2028
2. Asia Pacific Vessel Monitoring System Historical Market: Breakup by Vessel Type (USD Million), 2018-2022
3. Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Vessel Type (USD Million), 2023-2028
4. Asia Pacific Vessel Monitoring System Historical Market: Breakup by Application (USD Million), 2018-2022
5. Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Asia Pacific Vessel Monitoring System Historical Market: Breakup by Country (USD Million), 2018-2022
7. Asia Pacific Vessel Monitoring System Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Asia Pacific Vessel Monitoring System Market Structure.

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