Vessel Monitoring System for Fishery Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

Key Insights

The global vessel monitoring system (VMS) market for the fishery industry is projected to grow at a CAGR of XX% during the forecast period (2025-2033). In 2025, the market size was valued at XX million and is estimated to reach XX million by 2033. The increasing demand for sustainable fishing practices, the need for improved fisheries management, and the growing adoption of advanced technologies are driving the market growth.

The market is segmented by type (hardware, software), application (commercial, individual), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). The hardware segment held the largest market share in 2025. However, the software segment is expected to grow at a faster rate during the forecast period. The commercial application segment accounted for the majority of the market share in 2025. However, the individual application segment is expected to gain significant market share during the forecast period. The Asia Pacific region is expected to be the fastest-growing region during the forecast period.

Vessel Monitoring System for Fishery Trends

The vessel monitoring system (VMS) market for the fishery industry is projected to grow from USD 152 million in 2022 to USD 244 million by 2027, at a CAGR of 8.6% from 2022 to 2027. The growth of the market is attributed to the increasing adoption of VMS by governments to monitor and control fishing activities, rising concerns about illegal, unreported, and unregulated (IUU) fishing, and the growing demand for sustainable fishing practices.

VMS are used to track the location, speed, and course of fishing vessels, allowing authorities to monitor fishing activities and ensure compliance with regulations. The data collected by VMS can be used to identify illegal fishing activities, such as fishing in closed areas or during prohibited times. VMS can also be used to improve fisheries management, by providing data on the distribution and abundance of fish stocks.

The adoption of VMS is driven by a number of factors, including the increasing awareness of the environmental impact of overfishing, the growing demand for sustainable seafood, and the increasing use of technology in the fishing industry.

Driving Forces: What's Propelling the Vessel Monitoring System for Fishery

There are a number of factors that are driving the growth of the VMS market for the fishery industry. These include:

• Increasing adoption of VMS by governments: Governments around the world are increasingly adopting VMS to monitor and control fishing activities. This is due to the growing concerns about IUU fishing and the need to ensure sustainable fishing practices.
• Rising concerns about IUU fishing: IUU fishing is a major problem that threatens the sustainability of fish stocks and the livelihoods of fishermen. VMS can help to reduce IUU fishing by providing authorities with the ability to track and monitor fishing activities.
• Growing demand for sustainable fishing practices: Consumers are increasingly demanding seafood that is sustainably sourced. VMS can help to ensure that fish products are sourced from sustainable fisheries.
• Increasing use of technology in the fishing industry: The fishing industry is increasingly using technology to improve efficiency and productivity. VMS is one of the technologies that are being adopted by the fishing industry to improve fisheries management.

Challenges and Restraints in Vessel Monitoring System for Fishery

There are a number of challenges and restraints that are faced by the VMS market for the fishery industry. These include:

• High cost of implementation: VMS can be expensive to implement, which can be a barrier for some fishing operations.
• Technical challenges: VMS can be complex to operate and maintain, which can be a challenge for some fishing operations.
• Data privacy concerns: VMS collect data on the location and activities of fishing vessels, which can raise concerns about data privacy.
• Lack of awareness: Some fishing operations are not aware of the benefits of VMS, which can be a barrier to adoption.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is expected to dominate the VMS market for the fishery industry over the forecast period. This is due to the large number of fishing vessels in the region and the growing demand for sustainable fishing practices. China is the largest market for VMS in the Asia-Pacific region, followed by India and Indonesia.

The hardware segment is expected to dominate the VMS market for the fishery industry over the forecast period. This is due to the high cost of hardware components, such as GPS receivers and satellite transponders.

The commercial segment is expected to dominate the VMS market for the fishery industry over the forecast period. This is due to the large number of commercial fishing vessels that are required to use VMS.

Growth Catalysts in Vessel Monitoring System for Fishery Industry

There are a number of factors that are expected to drive the growth of the VMS market for the fishery industry over the forecast period. These include:

• Increasing adoption of VMS by governments: Governments around the world are increasingly adopting VMS to monitor and control fishing activities. This is due to the growing concerns about IUU fishing and the need to ensure sustainable fishing practices.
• Rising concerns about IUU fishing: IUU fishing is a major problem that threatens the sustainability of fish stocks and the livelihoods of fishermen. VMS can help to reduce IUU fishing by providing authorities with the ability to track and monitor fishing activities.
• Growing demand for sustainable fishing practices: Consumers are increasingly demanding seafood that is sustainably sourced. VMS can help to ensure that fish products are sourced from sustainable fisheries.
• Increasing use of technology in the fishing industry: The fishing industry is increasingly using technology to improve efficiency and productivity. VMS is one of the technologies that are being adopted by the fishing industry to improve fisheries management.

Leading Players in the Vessel Monitoring System for Fishery

The leading players in the VMS market for the fishery industry include:

• Inmarsat
• Addvalue
• Network Innovations
• Trackwell
• Pole Star Space Applications
• CLS
• BlueTraker
• Visma
• NSSLGlobal
• Orolia Maritime
• Iridium
• Orbcomm
• Faria Beede

Significant Developments in Vessel Monitoring System for Fishery Sector

There have been a number of significant developments in the VMS market for the fishery industry in recent years. These include:

• The adoption of VMS by a growing number of governments. Governments around the world are increasingly adopting VMS to monitor and control fishing activities. This is due to the growing concerns about IUU fishing and the need to ensure sustainable fishing practices.
• The development of new VMS technologies. New VMS technologies are being developed that are more cost-effective, easier to use, and more accurate than previous technologies. These new technologies are making VMS more accessible to a wider range of fishing operations.
• The increasing use of VMS data to improve fisheries management. VMS data is being used to improve fisheries management by providing information on the distribution and abundance of fish stocks. This information is helping fisheries managers to develop more effective fisheries management plans.

Comprehensive Coverage Vessel Monitoring System for Fishery Report

This report provides a comprehensive overview of the VMS market for the fishery industry. The report includes an analysis of the market trends, drivers, challenges, and restraints. The report also provides a detailed segmentation of the market by type, application, and region.

Vessel Monitoring System for Fishery Segmentation

• 1. Type
  • 1.1. Hardware
  • 1.2. Software
• 2. Application
  • 2.1. Commercial
  • 2.2. Individual

Vessel Monitoring System for Fishery Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific