The U.S. Vessel Tracking System market was valued at USD 1.65 billion in 2025E and is projected to reach USD 2.65 billion by 2033, growing at a CAGR of 6.07% from 2026–2033. Growth is driven by advanced marine infrastructure, strict regulatory compliance, fleet modernization, and rising demand for real-time monitoring, operational efficiency, and safety across commercial, defense, and research vessels.
Austin, Jan. 29, 2026 (GLOBE NEWSWIRE) — Vessel Tracking System Market Size & Growth Insights:
According to the SNS Insider, “The Vessel Tracking System Market size was valued at USD 6.21 billion in 2025E and is expected to reach USD 10.02 billion by 2033, growing at a CAGR of 6.24% over 2026-2033.”
Rising Adoption of Real-time Vessel Tracking for Improved Operational Efficiency to Boost Market Growth Globally
The commercial maritime, defense, and logistics industries are adopting sophisticated tracking systems due to the increasing demand for real-time vessel surveillance. In order to improve fleet management, optimize routes, and boost operational efficiency, businesses and maritime authorities are depending more and more on satellite-based and AIS systems. Remote monitoring of a vessel’s location, speed, and cargo status minimizes human error, stops unauthorized deviations, and guarantees on-time delivery of commodities. Real-time data also helps with predictive maintenance and lowers fuel consumption, which makes vessel operations more economical and ecologically friendly and speeds up market expansion internationally.
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Leading Market Players with their Product Listed in this Report are:
- ORBCOMM Inc.
- Spire Global / exactEarth
- Garmin Ltd.
- Thales Group
- Saab AB
- SRT Marine Systems
- Japan Radio Co., Ltd.
- Wärtsilä Voyage (Wärtsilä Corporation)
- Raytheon Intelligence & Space / Raytheon Company
- Transas / Transas Marine Limited
- MarineTraffic
- VesselFinder
- FleetMon
- Inmarsat plc
- Kongsberg Gruppen ASA
- BAE Systems
- Signalis
- VesselLink
- Big Ocean Data Ltd
- CNS Systems AB
Vessel Tracking System Market Report Scope:
| Report Attributes | Details |
| Market Size in 2025E | USD 6.21 Billion |
| Market Size by 2033 | USD 10.02 Billion |
| CAGR | CAGR of 6.24 % From 2026 to 2033 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segmentation | • By End-Use (Commercial Shipping, Fishing Vessels, Defense and Coast Guard, Yachting, Research Vessels) • By Component (Hardware, Software, Service, Communication Infrastructure, Data Analytics) • By Technology (Satellite Based Tracking, Automatic Identification System, RFID Tracking, AIS Based Systems, Cellular Networks) • By Application (Navigation, Fleet Management, Regulatory Compliance, Search and Rescue Operations, Cargo Monitoring) |
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Key Segmentation Analysis
By Component
Hardware dominated with ~31% share in 2025 due to the essential role of sensors, transceivers, and onboard devices in enabling real-time vessel monitoring. Data Analytics segment is expected to grow at the fastest CAGR from 2026-2033 owing to increasing demand for actionable insights from vessel movement data.
By End-Use
Commercial Shipping dominated with ~36% share in 2025 as large fleets require continuous monitoring for route optimization, safety compliance, and operational efficiency. Research Vessels segment is expected to grow at the fastest CAGR from 2026-2033 due to increasing marine research activities, oceanographic studies, and environmental monitoring projects.
By Technology
Automatic Identification System (AIS) dominated with ~33% share in 2025 due to regulatory mandates requiring AIS installation for commercial and defense vessels. Satellite Based Tracking segment is expected to grow at the fastest CAGR from 2026-2033 as demand rises for global, uninterrupted vessel monitoring in remote areas.
By Application
Fleet Management dominated with ~32% share in 2025 due to operators’ need for efficient route planning, fuel optimization, and overall fleet performance monitoring. Cargo Monitoring segment is expected to grow at the fastest CAGR from 2026-2033 owing to increasing demand for real-time tracking of goods, ensuring safety, security, and timely delivery.
Regional Insights:
North America dominated the Vessel Tracking System Market with the highest revenue share of about 37% in 2025 due to the presence of major shipping companies, advanced maritime infrastructure, and early adoption of cutting-edge tracking technologies.
Asia Pacific region is expected to grow at the fastest CAGR of about 7.89% from 2026-2033 owing to rapid expansion in maritime trade, increasing port development, and rising investments in smart shipping technologies.
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Recent Developments:
- 2025: ORBCOMM’s AIS business was acquired by S&P Global, enhancing maritime and supply-chain data offerings with satellite AIS vessel monitoring solutions.
- 2025: Launched Maritime 2.0, updating vessel-tracking services with GraphQL support, smarter AIS data, expanded global coverage, and improved analytics for maritime operations.
Exclusive Sections of the Vessel Tracking System Market Report (The USPs):
- PRICING ANALYSIS & COST STRUCTURE BENCHMARKS – helps you evaluate system affordability through average tracking device costs by technology (AIS, GPS, satellite, hybrid), subscription and SaaS fee models, vendor price benchmarking, and forecasted pricing trends driven by IoT and cloud analytics integration.
- REGULATORY & MARITIME COMPLIANCE METRICS – helps you understand compliance requirements by analyzing regional maritime regulations (IMO, SOLAS, EU MRV), adoption rates of compliant tracking solutions, penalties for non-compliance, and upcoming mandates related to emissions monitoring and e-navigation.
- VESSEL & FLEET PENETRATION INDICATORS – helps you assess market adoption by tracking the percentage of commercial vessels equipped with AIS/GPS/satellite systems, average fleet sizes using tracking platforms, vessel-type adoption patterns, and regional tracking density across major sea routes.
- OPERATIONAL EFFICIENCY & MARITIME SAFETY METRICS – helps you quantify operational impact through reduction in maritime accidents, improvements in fleet coordination time, route optimization gains in fuel and distance savings, and real-time monitoring accuracy and latency performance.
- TECHNOLOGY ADOPTION & PLATFORM DEPLOYMENT TRENDS – helps you identify innovation opportunities by analyzing IoT and sensor integration rates, cloud-based versus on-premise deployments, and the use of AI/ML for predictive maintenance and anomaly detection.
- ECOSYSTEM & SYSTEM INTEGRATION READINESS – helps you evaluate interoperability by assessing integration levels with port authorities, vessel traffic services, and logistics platforms supporting end-to-end maritime visibility.
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