23 October 2019
Visiongain has launched a new Aerospace report Vessel Traffic Management Market Report 2019-2029 Forecasts by Component (Communication Equip, Navigation Equip, Surveillance & Monitoring Equip, Solution, Service) by System (Port Management Information System (PMIS), Maritime Distress Safety System (GMDSS), River Information System (RIS), Aids to Navigation (ATON) Management & Health Monitoring, Others) by Investment (Greenfield, Brownfield), PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global Vessel Traffic Management market is expected to grow at a lucrative rate during the forecast period. Vessel Traffic management is the process sought to define a set of systems and procedures used to guide and monitor seal vessels like air traffic management.
This process became prominent when International Maritime Organization established regulations on Dec 2004 which required installation of Automatic Identification Systems Transponders on heavy cargo vessels. Need to maintaining coordination among ships reaching, departing, loading and discharging of ships with regards to inbound and outbound transportation is driving the growth of the market. These systems include both hardware and software solutions and require technical service for the effective working of the system. The system integrates data from sensors such as radar, AIS, CCTV, drone, VHF, and satellite and provides real-time monitoring of the sea to improve situational awareness.
These solutions are deployed on ships, ports and throughout the coast. Some of the main purposes of vessel traffic management are to assist with the safe and efficient vessel movements and the safety, security and resilience of our coastal waterways, enhance navigational safety by interacting with shipping to provide information on potential traffic conflicts and other navigational safety information, and minimise the risk of a maritime accident and consequential ship-sourced pollution and damage to the marine environment.
The global Vessel Traffic Management market is highly competitive with many players entering the market to cater to the growing consumer demand. Some of the major players operating in the market are Kongsberg Gruppen, Transas, Thales Group, Leonardo, Saab, Indra Sistemas, Rolta India, Tokyo Keiki, Kelvin Hughes. L3 Technologies, Signalis Frequentis, Japan Radio, Terma, and Vissim. These companies are taking various strategic initiatives such as mergers, acquisitions, and partnerships to increase their presence in the global market.
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The vessel traffic management market is about to enter a period of phenomenal growth and innovation. The next ten years will see the upsurge demand of vessel traffic management in commercial ports as well as defence ports.
15 January 2020
Strict International Maritime Organization (IMO) rules to avoid the spread of possibly damaging aquatic pathogens and bacteria in ballast water are a main guiding variable in boats ‘ supply for ballast water therapy.
07 November 2019
This process became prominent when International Maritime Organization established regulations on Dec 2004 which required installation of Automatic Identification Systems Transponders on heavy cargo vessels.
23 October 2019
Marine Scrubber Systems are classified on the basis of technology into moist Marine Scrubber Systems and salt Marine Scrubber Systems. The segment of the wet Marine Scrubber Systems is further subdivided into Marine Scrubber Systems open loop, Marine Scrubber Systems closed loop and Marine Scrubber Systems hybrid.