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South America Vessel Monitoring System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Application and Vessel Type

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    Report

  • 77 Pages
  • October 2020
  • The Insight Partners
  • ID: 5204865
Cargo Vessels Segment is Expected to be Fastest Growing during Forecast Period for SAM region

According to a new market research study on “SAM Vessel Monitoring System Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Application and Vessel Type” is expected to reach US$39.28 million by 2027 from US$21.43 million in 2019. The market is estimated to grow at a CAGR of 8.3% from 2020 to 2027. The report provides trends prevailing in the SAM vessel monitoring system market along with the drivers and restraints pertaining to the market growth. Increase in need for monitoring due to illegal activities and upswing in fisheries applications are the major factor driving the growth of the SAM vessel monitoring system market. However, high set up cost hinders the growth of SAM vessel monitoring system market. In the case of COVID-19, Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others in SAM region. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. The COVID-19 outbreak has majorly caused Brazil’s vessel monitoring system market disruption in 2020. Currently, Brazil holds for the 2nd rank in terms of confirmed cases in the global COVID-19 infected countries. The country produces 1.3 million tons of fish annually, with 700,000 tons by capturing fisheries &600,000 tons from the aquaculture fisheries, as per the United Nations’ Food and Agriculture Organization. However, due to covid-19, the fisheries sector has affected negatively and therefore, the fish processors of Brazil are asking government for subsidized credit, tax breaks, and emergency loan guarantees. Low fisheries business due to COVID-19 will create a negative impact on VMS installation. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the vessel monitoring system market growth of the SAM region negatively for the next few quarters.

The SAM vessel monitoring system market is segmented into application, vessel type, and country. Based on application, the market is divided into fisheries management, surveillance, and others. Fisheries management segment held the largest market share in 2019.Surveillance segment is expected to be fastest growing during forecast period. Based on vessel type, the market is further divided into fishing vessels, cargo vessels, service vessels, passenger ships and ferries, others. Fishing vessels segment held the largest market share in 2019.Cargo vessels segment is expected to be fastest growing during forecast period.

Applied Satellite Technology Ltd, CLS Fisheries, Orolia Maritime, Remora Costa Rica, and Visma are among the leading companies in the SAM vessel monitoring system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Visma announced that Hg has agreed to further its investment in the company. Existing investor CPPIB also acquired additional stakes.

The report segments the SAM Vessel Monitoring System Market as follows:

SAM Vessel Monitoring System Market - By Application
  • Fisheries Management
  • Surveillance
  • Others

SAM Vessel Monitoring System Market - By Vessel Type
  • Fishing Vessels
  • Cargo Vessels
  • Service Vessels
  • Passenger Ships and Ferries
  • Others

SAM Vessel Monitoring System Market - By Country
  • Brazil
  • Argentina
  • Rest of SAM

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM vessel monitoring system market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the SAM vessel monitoring system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the vessel monitoring system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Vessel Monitoring System Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Vessel Monitoring System Market- Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increase in Need for Monitoring due to Illegal Activities
5.1.2 Upswing in Fisheries Applications
5.2 Market Restraint
5.2.1 High Set up Cost
5.3 Market Opportunity
5.3.1 Surge in Cargo Monitoring Opportunities
5.4 Future Trend
5.4.1 Collaboration with Modern Technologies
5.5 Impact Analysis of Drivers and Restraints
6. Vessel Monitoring System Market- SAM Analysis
6.1 SAM Vessel Monitoring System Market Overview
6.2 SAM Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Market Players Ranking
7. SAM Vessel Monitoring System Market Revenue and Forecast to 2027 -By Application
7.1 Overview
7.2 SAM Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027
7.3 Fisheries Management
7.3.1 Overview
7.3.2 Fisheries Management Market Forecast and Analysis
7.4 Surveillance
7.4.1 Overview
7.4.2 Surveillance Market Forecast and Analysis
7.5 Others
7.5.1 Overview
7.5.2 Others Market Forecast and Analysis
8. SAM Vessel Monitoring System Market Revenue and Forecast to 2027 - By Vessel Type
8.1 Overview
8.2 SAM Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027
8.3 Fishing Vessel
8.3.1 Overview
8.3.2 Fishing Vessel Market Forecast and Analysis
8.4 Cargo Vessel
8.4.1 Overview
8.4.2 Cargo Vessel Market Forecast and Analysis
8.5 Service Vessel
8.5.1 Overview
8.5.2 Service Vessel Market Forecast and Analysis
8.6 Passenger Ships & Ferries
8.6.1 Overview
8.6.2 Passenger Ships & Ferries Market Forecast and Analysis
8.7 Others
8.7.1 Overview
8.7.2 Others Market Forecast and Analysis
9. SAM Vessel Monitoring System Market - Country Analysis
9.1 Overview
9.1.1 SAM: Vessel Monitoring System Market, by Key Country
9.1.1.1 Brazil: Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Vessel Monitoring System Market, by Vessel Type
9.1.1.1.2 Brazil: Vessel Monitoring System Market, by Application
9.1.1.2 Argentina: Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Vessel Monitoring System Market, by Vessel Type
9.1.1.2.2 Argentina: Vessel Monitoring System Market, by Application
9.1.1.3 Rest of SAM: Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Vessel Monitoring System Market, by Vessel Type
9.1.1.3.2 Rest of SAM: Vessel Monitoring System Market, by Application
10. Impact of COVID-19 Pandemic on SAM Vessel Monitoring System Market
10.1 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Applied Satellite Technology Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CLS Fisheries
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Orolia Maritime
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Remora Costa Rica
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Visma
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Tables
Table 1. SAM Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil: Vessel Monitoring System Market, by Vessel Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Vessel Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina: Vessel Monitoring System Market, by Vessel Type - Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina: Vessel Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM: Vessel Monitoring System Market, by Vessel Type - Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM: Vessel Monitoring System Market, by Application - Revenue and Forecast to 2027 (US$ Million)
Table 8. List of Abbreviation
List of Figures
Figure 1. SAM Vessel Monitoring System Market Segmentation
Figure 2. SAM Vessel Monitoring System Market Segmentation - By Country
Figure 3. SAM Vessel Monitoring System Market Overview
Figure 4. SAM Vessel Monitoring System Market, by Country
Figure 5. SAM Vessel Monitoring System Market, By Vessel Type
Figure 6. SAM Vessel Monitoring System Market, By Application
Figure 7. SAM: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. SAM Vessel Monitoring System Market: Impact Analysis of Drivers and Restraints
Figure 11. SAM Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
Figure 12. SAM Vessel Monitoring System Market Breakdown, By Application, 2019 & 2027 (%)
Figure 13. SAM Fisheries Management Market Revenue and Forecast to 2027 (US$ Mn)
Figure 14. SAM Surveillance Market Revenue and Forecast to 2027 (US$ Mn)
Figure 15. SAM Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 16. SAM Vessel Monitoring System Market Breakdown, By Vessel Type, 2019 & 2027 (%)
Figure 17. SAM Fishing Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 18. SAM Cargo Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 19. SAM Service Vessel Market Revenue and Forecast to 2027 (US$ Mn)
Figure 20. SAM Passenger Ships & Ferries Market Revenue and Forecast to 2027 (US$ Mn)
Figure 21. SAM Others Market Revenue and Forecast to 2027 (US$ Mn)
Figure 22. SAM: Vessel Monitoring System Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. Brazil: Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
Figure 24. Argentina: Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of SAM: Vessel Monitoring System Market - Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic on SAM Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Applied Satellite Technology Ltd
  • CLS Fisheries
  • Orolia Maritime
  • Remora Costa Rica
  • Visma