Vessel Tracking System Market: Shares And Strategies Of Key Players 2019 -2027
Vessel Tracking System Market : Introduction Growing concern about vessel security and safety, globally, is driving the vessel tracking system market The International Maritime Organization has a setup a regulatory framework to ensure maritime safety globally, which requires vessel to use tracking and monitoring systems Rise in vessel traffic, piracy threats, and demand for safe navigation in international waters are boosting the vessel tracking system market Key Drivers and Restraints of Global Vessel Tracking System Market Shore-based vessel tracking has become a standard practice for maritime authorities across several nations to ensure safe navigation, marine search & rescue, and to protect the environmental. The International Convention for the Safety of Life at Sea (SOLAS) requires the vessels engaged international voyages to be installed with the Long Range Tracking and Identification (LRIT) type vessel tracking system. Majority of countries across the world have adopt...