The global vessel tracking systems market is expected to grow at a significant CAGR during the forecast period. The vessel tracking system is widespread and highly applicable in marine and coastal regions. This system enables to track and trace over marine vehicle operation to inhibit the rising threats in marine routes. The vessel tracking system provides time, location and identification description of the vessel to the naval force and commercial marine port authorities to monitor the activities over the vessel with the help of tracking systems.
The rising vessel security and safety concern across the globe is projected to drive the market growth of the global vessel tracking system market to ensure secure navigation, rescue and marine research. The global vessel tracking systems market sequentially boosted due to an increase in vessel traffic, demand for safe navigation and piracy threats in international water bodies. The gradual increase in partnership among marine forces and private organizations will enable a robust vessel tracking system to inhibit the threats via marine routes and secure the vessel with an advanced solution to track their operation. This factor is expected to boost the market shares and register a trajectory growth in the global vessel tracking systems market.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2022
- Forecast period- 2022-2029
Segment Covered-
- By System
- By Type
- By Application
- Competitive Landscape- ORBCOMM Inc., Raytheon Company, L-3 Technologies Inc., Harris Corporation, Echol Tech Pte Ltd.
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Vessel Tracking Systems Market by Segment
By System
- Long Range Identification & Tracking
- Automated Identification Systems
- Synthetic-Aperture Radar
- Others
By Type
- Passenger carrier
- Cargo ship
- Navy
By Application
- Government
- Defence
- Commercial
Vessel Tracking Systems Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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