Global Automatic Identification System Market, By Class (Class A AIS, Class B AIS and AIS Base Stations), Platform (Vessel-Based Platform and Onshore-Based Platform), Application (Fleet Management, Vessel Tracking, Maritime Security, Ocean Rate Management and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Automatic Identification System Market
Data Bridge Market Research analyses that the automatic identification system market will exhibit a CAGR of 4.50% for the forecast period of 2021-2028. Rising demand for efficient and effective coastal surveillance systems, rising safety concerns and increasing regulations imposed by the government for the application of automatic identification system are the major factors attributable to the growth of automatic identification system market. This means that the automatic identification system market value would stand tall by USD 377.07 million by the year 2028.
Automatic identification systems are used by vessel traffic service providers to monitor the track of ships and avoid any kind of collision. The automatic identification systems provide information such as unique identification, course speed and vessel position. This information gets displayed on the screen and further supplements the marine radar. Automatic identification system incorporates the use of transceivers on the ships. The vessels that are fit with transceivers are easy to monitor. Obviously in case of faulty installation of automatic identification systems or if the automatic identification system is switched off, there can be no exchange of information. Therefore, it must be turned on all the times except in some emergency cases.
Upsurge in the international trade and vessel traffic is one of the major factors fostering the growth of automatic identification system market. Rising need for safety and security of the vessels coupled with increasing demand for efficient traffic control and management systems is another important factor that will induce growth in the demand for automatic identification systems. Rapid globalization or in other words, integration and interconnection between the countries is further responsible for propelling growth in the demand for automatic identification systems. Rising technological advancements in navigation and maritime traffic management systems will further create lucrative growth opportunities for the automatic identification system market.
However, high costs associated with the installation, operation and maintenance of this technology will pose a major challenge to the automatic identification system market growth rate. Technical difficulties such as difficulty in tracking the range and reporting capabilities will further derail the automatic identification system market growth rate.
This automatic identification system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automatic identification system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automatic Identification System Market Scope and Market Size
The automatic identification system market is segmented on the basis of class, platform and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on class, the global automatic identification system market is segmented into class A AIS, class B AIS, and AIS base stations.
- On the basis of platform, the global automatic identification system market is segmented into vessel-based platform and onshore-based platform.
- On the basis of application, the global automatic identification system market is segmented into fleet management, vessel tracking, maritime security, ocean rate management and other applications. Other applications segment is further sub-segmented into accident investigation and infrastructure protection.
Automatic Identification System Market Country Level Analysis
The automatic identification system market is analysed and market size, volume information is provided by country, class, platform and application as referenced above.
The countries covered in the automatic identification system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automatic identification system market owing to the prevalence of large coastal areas requiring continuous monitoring. Rising international trade and commercial activities is fostering the dominance of this region in the global market. Asia-Pacific on the other hand is set to register the highest CAGR for the forecast period owing to the growing cross border trade via waterways.
The country section of the automatic identification system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automatic Identification System Market Share Analysis
The automatic identification system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the automatic identification system market.
The major players covered in the automatic identification system market report are Saab, FURUNO ELECTRIC CO., LTD., exactEarth., ORBCOMM, KONGSBERG, L3Harris Technologies, Inc., Japan Radio Co., Garmin Ltd., CNS Systems, Wärtsilä, COMNAV, True Heading, Jotron., FLIR Systems, Inc., ACR Electronics, Inc., ONWA MARINE ELECTRONICS CO. LTD., Honeywell International Inc., SRT Marine Systems plc (SRT), Raytheon Technologies Corporation and Thales Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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