Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Vessel Traffic Management - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Vessel Traffic Management was estimated at US$6 Billion in 2023 and is projected to reach US$9.8 Billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The Vessel Traffic Management Services segment is on a growth trajectory, expected to reach US$4.1 billion by 2030, driven by a CAGR of 6.5%. Additionally, the Vessel Traffic Management Solutions segment is set to grow at a 7.3% CAGR over the next seven years, signaling strong demand for these services globally. This growth is supported by increasing investments in maritime infrastructure and rising global trade.
Regionally, the U.S. market is projected to reach US$1.8 billion in 2023, while China is forecasted to grow at an impressive 6.7% CAGR, reaching US$1.7 billion by 2030. Key regions such as Japan, Canada, Germany, and the Asia-Pacific are also experiencing notable growth, driven by the expansion of seaport operations and technological advancements in vessel traffic management.
The report offers comprehensive market data, including independent analysis of annual sales and forecasts (in US$ million) from 2023 to 2030. It includes in-depth regional analysis, providing insights into key markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East. Additionally, the report features company profiles of major industry players like Frequentis AG, Indra Sistemas SA, Japan Radio Co., Ltd., among others, and provides complimentary updates for one year to ensure up-to-date information.
This report offers detailed market analysis of the Global Vessel Traffic Management Market, covering all key regions and segments. It provides competitive insights by analyzing the presence of major players across different geographies, and helps users understand future trends and drivers shaping the market. With actionable insights, businesses can make strategic decisions to identify new revenue opportunities and stay ahead of industry developments.
Key Questions Answered:
Key Attributes:
Report Attribute | Details |
No. of Pages | 229 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $6 Billion |
Forecasted Market Value (USD) by 2030 | $9.8 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS
For more information about this report visit https://www.researchandmarkets.com/r/nr0cqq
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