Global Vessel Tracking Systems Market Growth (Status and Outlook) 2023-2029

Global Vessel Tracking Systems Market Growth (Status and Outlook) 2023-2029

The long range identification and tracking systems has been designated to be the standardized tracking system to be adopted by vessels subject to operating on the sea. The system has been authorized by the International Maritime Organization to collect and disseminate information received from the ships subject to the different compliances and regulations. LRIT provides an enhanced level of marine domain awareness that allows unique visibility to report the accurate positions of the vessels and is being actively incorporated in the military and defense sectors, by helping the defense authorities recognize potential threats through the LRIT platforms, which is imminent for coast surrounded economies, such as the United States and China, among Others.

LPI (LP Information)' newest research report, the “Vessel Tracking Systems Industry Forecast” looks at past sales and reviews total world Vessel Tracking Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Vessel Tracking Systems sales for 2023 through 2029. With Vessel Tracking Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vessel Tracking Systems industry.

This Insight Report provides a comprehensive analysis of the global Vessel Tracking Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vessel Tracking Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vessel Tracking Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vessel Tracking Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vessel Tracking Systems.

The global Vessel Tracking Systems market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Vessel Tracking Systems is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Vessel Tracking Systems is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Vessel Tracking Systems is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Vessel Tracking Systems players cover Big Ocean Data, ORBCOMM, SAAB Group, Harris Corporation, Echol Tech Pte Ltd., Garmin International, Wartsila Oyb Abp, CNS Systems AB and Raytheon Company, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Vessel Tracking Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Long Range Identification & Tracking
Automated Identification Systems
Synthetic-Aperture Radar
Others

Segmentation by application
Government
Defense
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Big Ocean Data
ORBCOMM
SAAB Group
Harris Corporation
Echol Tech Pte Ltd.
Garmin International
Wartsila Oyb Abp
CNS Systems AB
Raytheon Company
L-3 Communication Holding

Please note: The report will take approximately 2 business days to prepare and deliver.