Market Introduction The continuous technological advancements across North America have drastically improved the ways of tracking and monitoring the vessels in the last few years.The developing satellite services have facilitated ship tracking in the countries across North America that ensure the safety of vessels from different unseen...
Crude Oil Carriers Market Research Report by Vessel Type (Aframax, Suezmax, Ultra Large Crude Carrier (ULCC), Very Large Crude Carrier (VLCC), and Panamax) - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market sizing and forecast across five major currencies - USD,...
Chemical Tankers Market Research Report by Fleet Type (IMO Type 1, IMO Type 2, and IMO Type 3), by Product Type (Inorganic Chemicals, Organic Chemicals, and Vegetable Oils & Fats), by Fleet Size, by Type - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market sizing...
The Europe vessel monitoring system market is expected to grow from US$ 183.30 million in 2019 to US$ 424.18 million by 2027; it is estimated to grow at a CAGR of 11.5 % from 2020 to 2027. The increasing need for a tracking system due to unauthorized activities boosts the vessel monitoring systems market growth in Europe.The governments...
The North America vessel monitoring system market is expected to grow from US$ 153.89 million in 2019 to US$ 413.18 million by 2027; it is estimated to grow at a CAGR of 13.5% from 2020 to 2027. One of the primary applications of the vessel monitoring systems (VMS) is to monitor the action and movement of a vessel.The VMS also enables...
The vessel monitoring system software market was valued at US$ 457.29 million in 2019 and is expected to grow at a CAGR of 12.8% during the forecast period to reach US$ 1168.85 million by 2027. The governments across the world are increasing defense and boarder control spending each year owing to rising threat to homeland.There is an increasing...
Container trade volume accounted for nearly 15% of global seaborne trade, with throughput estimated at 801 million TEUs in 2019.Mid-sized and smaller vessels serve as the backbone for most of the trade lanes due to their operational flexibility. The unprecedented global COVID-19 pandemic crisis has hammered the trade flow worldwide...
The global marine engines market size is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020-2025. The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption...
The APAC maritime real-time positioning system market is expected to grow from US$ 35.19 million in 2019 to US$ 371.22 million by 2027; it is estimated to grow at a CAGR of 34.7% from 2020 to 2027. Soaring growth potential across the APAC region is expected to boost the APAC maritime real-time positioning system market growth. The countries...
The Europe maritime real-time positioning system market is expected to grow from US$ 42.91 million in 2019 to US$ 383.78 million by 2027; it is estimated to grow at a CAGR of 32.0% from 2020 to 2027. Increase in use of RFID in shipping industry across Europe is expected to boost the Europe maritime real-time positioning system market growth....