Vessel Tracking System Market Report 2026

The vessel tracking system market size has grown strongly in recent years. It will grow from $2.24 billion in 2025 to $2.41 billion in 2026 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to global maritime trade growth, adoption of ais systems, demand for navigation safety, port traffic management, fleet digitization.

The vessel tracking system market size is expected to see strong growth in the next few years. It will grow to $3.25 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to ai-driven maritime analytics, smart port development, stricter maritime regulations, autonomous vessel trials, growth in maritime cybersecurity. Major trends in the forecast period include expansion of real-time vessel monitoring, adoption of satellite-based tracking, integration of data analytics platforms, growth of regulatory compliance solutions, demand for fleet optimization.

The increasing maritime trade and commerce are expected to propel the growth of the vessel tracking system market going forward. Maritime trade and commerce is the exchange of goods and services transported by sea between countries and regions. The increasing maritime trade and commerce are due to the expansion of global supply chains driven by rising demand for efficient cross-border movement of goods. A vessel tracking system enhances maritime trade and commerce by providing real-time vessel monitoring, improving route efficiency, and ensuring safer navigation. They reduce operational risks and delays, increasing transparency and reliability in global shipping logistics. For instance, in 2024, according to the United Nations Conference on Trade and Development, a Switzerland-based intergovernmental organization, global maritime trade rose by 2.4% to 12.3 billion tons in 2023, marking a recovery from the decline in 2022. Additionally, it is projected to grow by 2% in 2024 and maintain an average annual growth rate of 2.4% through 2029. Therefore, the increasing maritime trade and commerce are driving the growth of the vessel tracking system market.

Major companies operating in the vessel tracking system market are concentrating on developing advanced solutions, such as integrated vessel traffic management information systems (VTMIS), to improve maritime safety and streamline port operations. Integrated vessel traffic management information systems (VTMIS) are sophisticated digital platforms that integrate radar, AIS, cameras, and communication networks to track and manage vessel movements in real time, supporting safer navigation, collision avoidance, enhanced port efficiency, and informed decision-making and regulatory compliance for authorities. For instance, in July 2025, the Santos Port Authority (APS), a Brazil-based port management organization, announced a public tender for VTMIS Santos, an advanced vessel traffic monitoring system intended to cover the entire Organized Port area. VTMIS Santos includes strategically located cameras and monitoring stations, a centralized operations center for real-time data visualization, and integration with other digital port systems such as digital twins and 5G networks. It improves navigational safety, assists law enforcement in addressing illicit activities, and optimizes the use of port resources.

In April 2025, Kpler S.A., a Belgium-based data and analytics company, acquired Spire Maritime for $241 million. With this acquisition, Kpler aims to strengthen its maritime data and analytics by integrating Spire’s satellite-based AIS, enhancing real-time vessel tracking and maritime intelligence. Spire Maritime is a US-based satellite data and analytics company specializing in maritime vessel tracking and monitoring.

Major companies operating in the vessel tracking system market report include Raytheon Company, Thales Group, Harris Corporation, Fleet Management Limited, Wärtsilä Corporation, SAAB Group, Kongsberg Gruppen ASA, Inmarsat Global Limited, Kpler S.A., Spire Global Inc., SRT Marine Systems plc, MarineTraffic, Big Ocean Data Ltd, vesseltracker.com GmbH, CNS Systems AB, Maritime Data Systems, Echol Tech Pte Ltd., Shipfinder.co, VesselFinder Ltd., VT Explorer, exactEarth Ltd.

North America was the largest region in the vessel tracking system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vessel tracking system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vessel tracking system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vessel tracking system market consists of revenues earned by entities by providing services such as real-time vessel monitoring, route optimization, fleet management, maritime safety, and regulatory compliance through automated tracking systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The vessel tracking system market also includes sales of products such as automatic identification systems (AIS), global positioning system (GPS) tracking devices, radar systems, onboard communication tools, and integrated tracking software. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods, such as installation, software updates, training, and maintenance support.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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