Vessel Monitoring System Market Report and Forecast 2025-2034

The global Vessel Monitoring System market is expected to grow at a CAGR of 11.70% during the period 2025-2034. North America, Europe and Asia Pacific are expected to be key markets.

Global Market Likely to be Driven by Need to Monitor, Regulate and Observe Vessel Movement

Vessel monitoring systems are used by fisheries authorities, coastguards and navies for surveillance, search and rescue, resource management and fisheries control. Appropriate vessel monitoring can save lives and make fishing more sustainable. It is suggested that almost fifteen percent (over 25 million tonnes) of seafood is captured through Illegal, Unreported and Unregulated (IUU) fishing.

Vessel monitoring is essential, especially in light of the dangers that may be faced by ships when at sea (or ocean); tracking becomes important to ensure safety of cargo and fishing vessels. Vessel monitoring systems are an integral communication component, considering the aspect of cargo delivering, fishing vessels, and passenger vessels. Vessel monitoring systems enable faster and easier vessel tracking and it help in averting unwanted situations at sea. In 2023, Wales became the first nation in the UK to require all of its licensed commercial fishing boats to be fitted with a Vessel Monitoring System (VMS). Such regulations are expected to drive the global vessel monitoring system market. Boats that were 12m or over in length were already required to have such a system in place, but the order meant those boats under this size, more than 350 boats, must have a VMS device. The under 12 metre fishing fleet accounted for nearly 97% of Welsh registered fishing boats. The vessel monitoring system would transmit the geographical position, date, time, speed and course of a boat, at least once every ten minutes, while fishing operations were being carried out.

Ability of Vessel Monitoring Systems to Aid Law Enforcement and Facilitate Calls for Help Likely to Boost Market Growth

Vessel monitoring system is employed to assist law enforcement initiatives and prevent law violations. The system also enables enforcement personnel to focus their time on regions with the highest possibility for significant violations.

By making the installation of a VMS mandatory by law, the Thai Department of Fisheries has been able to monitor and regulate fishing vessel movements. ETNECA, Thailand’s key service provider of maritime satellite communications, develops data transmission and marine communication services, delivering vessel tracking, marine data transmission, marine traffic monitoring and electronic fishing industry protection services throughout Thailand and Myanmar. It is one of ORBCOMM’s key solution providers in the region. In 2014, ETNECA turned to ORBCOMM to generate a VMS solution for Thailand. Working with ORBCOMM’s two-way global IsatData Pro (IDP) satellite technology, ETNECA deployed ORBCOMM’s IDP-690, and later the ST 6100 - satellite terminals designed to provide full visibility of fishing operations and access vessel data including real-time position, course and speed as well as catch report - regardless of vessel location.

In 2019 The Government of National Unity procured 300 Vessel Monitoring Systems (VMS) to safeguard the life and vessels of fishermen on both St. Kitts and Nevis. St. Kitts and Nevis was the first nation in the region to introduce this as a compulsory means of tracking for all the Federation’s fishing vessels.

Market Segmentation

The report titled “Vessel Monitoring System Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

By vessel type, the global vessel monitoring system market is segmented into:

• Fishing Vessel
• Cargo Vessel
• Service Vessel
• Passenger Ships and Ferries
• Others

By application, the market is divided into:

• Fisheries Management
• Surveillance
• Others

By region, the market is classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global Vessel Monitoring System market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Addvalue Technologies Ltd
• Applied Satellite Technology Ltd
• CLS Group
• Visma
• Pole Star Space Applications
• SRT Marine Systems plc
• ROM Communications Inc
• Others

The report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.