USA jobs
European Vessel Monitoring System Market

European Vessel Monitoring System Market Size, Share, Growth, Report And Forecast 2023-2028

No comments

European Vessel Monitoring System Market Outlook

According to the report by Expert Market Research (EMR), the European vessel monitoring system market share, is projected to grow at a CAGR of 11.9% between 2023 and 2028. Aided by the escalating demand for sustainable fishing practices and the increasing application of VMS in maritime industries, the market is expected to grow significantly by 2028.

Vessel Monitoring Systems are sophisticated surveillance systems used primarily in the commercial fishing industry to track the location and monitor the activities of vessels. These systems play a crucial role in ensuring maritime security, monitoring fishing quotas, and promoting sustainable fishing practices. Apart from its fundamental role, VMS also holds potential for applications in various marine-related industries including oil and gas, defence, and maritime traffic control.

The increasing emphasis on sustainable fishing practices is driving the European vessel monitoring system market growth. With growing concerns about overfishing and illegal fishing activities, there has been a substantial shift towards employing monitoring and surveillance technologies, leading to a surge in demand for VMS. Furthermore, strict regulatory measures enforced by the European Union to combat illegal, unreported, and unregulated (IUU) fishing have also been instrumental in propelling the market growth.

Get a Free Sample Report with Table of Contents@  https://www.expertmarketresearch.com/reports/european-vessel-monitoring-system-market/requestsample

The broadening applications of VMS in various marine industries also significantly contribute to the European vessel monitoring system market expansion. In the oil and gas sector, VMS is used for vessel tracking and maritime security in offshore drilling operations. The defence industry utilises VMS for surveillance, monitoring, and security of maritime boundaries. Additionally, maritime traffic control systems employ VMS for the efficient management of vessel traffic, further amplifying the market expansion.

Other Post You May Be Interested In

Moreover, technological advancements in VMS, such as the integration of Automatic Identification System (AIS) and Geographic Information System (GIS), have opened new avenues for the European vessel monitoring system market. These advancements enhance the accuracy and efficiency of vessel tracking and monitoring, further fuelling the demand for VMS.

In addition, there has been a focus on the development of cost-effective and privacy-compliant VMS. Innovations like cloud-based VMS and advanced data encryption methods are being introduced to offer affordable and secure monitoring solutions. Moreover, governmental support in the form of subsidies and incentives is also playing a vital role in fuelling the European vessel monitoring system market development.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/european-vessel-monitoring-system-market

European Vessel Monitoring System 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

  • United Kingdom
  • Germany
  • France
  • Italy
  • 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 European vessel monitoring system companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • EMA d.o.o.
  • CLS Group
  • Trackwell
  • Visma
  • Pole Star Space Applications
  • SRT Marine Systems plc
  • Others

Read More Reports

Dengue Testing Market- https://www.expertmarketresearch.com/reports/global-dengue-testing-market

Industrial Air Blower Market- https://www.expertmarketresearch.com/reports/industrial-air-blower-market

Graphene Nanoplatelets Market- https://www.expertmarketresearch.com/reports/graphene-nanoplatelets-market

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact

Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

SHARE NOW
Tagged with ,

Leave a Reply

Your email address will not be published. Required fields are marked *