The Vessel Traffic Management (VTM) market is a subset of the Ports and Harbors industry, focused on the management of vessel traffic. It involves the use of technology to monitor and control the movement of vessels in and out of ports and harbors. This includes the use of radar, Automatic Identification Systems (AIS), and other tracking systems to monitor vessel movements, as well as the use of traffic control systems to manage the flow of vessels. VTM also includes the use of communication systems to coordinate vessel movements and ensure safe navigation.
VTM is an important part of the Ports and Harbors industry, as it helps to ensure the safe and efficient movement of vessels in and out of ports and harbors. It also helps to reduce the risk of collisions and other accidents, as well as to reduce the environmental impact of vessel traffic.
Some of the companies in the VTM market include Kongsberg Maritime, Saab, Transas, Furuno, and Raytheon Technologies. Show Less Read more