Visiongain Report Provides Critical Market-led Data on the $3,654.6 Million Vessel Traffic Management Market

By PRNewswire On Feb 17, 2020

Vessel Traffic Management Market Report 2020-2030

Forecasts & Analysis by Component (Communication Equipment, Navigation Equipment, Surveillance & Monitoring Equipment, Solution, and Service), by System (Port Management Information Systems, Global Maritime Distress Safety Systems, River Information Systems, and AtoN Management & Health Monitoring Systems), by End User (Commercial (Port & Harbour, Inland Port, Offshore, Fishing Port), and Defence) & by Regional and National Plus Profiles of Top Companies Developing Vessel Traffic Management Systems

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Why is the global Vessel Traffic Management market important right now?

As part of the broader $3,654.6 Vessel Traffic Management market space, there are massive revenue streams within electric segment to tap into. This report shows you where these business opportunities are.

Due to growing international trade through sea route, governmental body and OEMs are majorly focusing towards use of vessel traffic management systems in ports for smooth operations. The potential SOLAS and ISPS regulations are going to be mandatory and your company will not want to skip this opportunity

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What are the global Vessel Traffic Management market prospects?

Visiongain’s definitive new report assesses that the Vessel Traffic Management market will reach $3,654.6 Mn in 2019. The performance of the industry is forecast to accelerate, with an anticipated CAGR of 6.4% for the five-year period 2020-2025, which is expected to drive the industry to a value of $5,299.6 Mn by the end of 2025.

Visiongain’s timely 143-page report reveals how best to compete in this lucrative market space and maximize your company’s potential.

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