Press release
Automatic Identification System Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2026
The Automatic Identification System Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Automatic Identification System market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Automatic Identification System market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Automatic Identification System market.The automatic identification system market was valued at USD 248.6 million in 2020 and expected to reach USD 345.3 million by 2026 and grow at a CAGR of 5.8% over the forecast period (2021-2026).
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Top Leading Companies of Automatic Identification System Market are - Saab AB, Furuno Electric Co. Ltd, ExactEarth Ltd, Orbcomm Inc., Garmin Ltd, Kongsberg Gruppen ASA, True Heading AB, Japan Radio Company Ltd., C.N.S. Systems AB, Wartsila OYJ Abp, ComNav Marine Ltd, L3 Technologies Inc. and others.
Industry News and Updates:
- April 2020 - Saab AB delivered the first GlobalEye Swing Role Surveillance System aircraft to the United Arab Emirates. The GlobalEye aircraft also comes with comprehensive features such as Star SAFIRE 380-HD round-the-clock electronic surveillance system, Leonardo Seaspray 7500E marine target radar coupled with AFAR in the ventral fairing, HES-21 radio and electronic reconnaissance system, airborne defense complex, and AIS automatic defense identification system.
- In December 2019 - exactEarth Ltd., it had announced the renewal of its contract with Antrix Corporation Ltd., the commercial arm of the Indian Space Research Organization (ISRO), to provide satellite-AIS data services to the Indian Navy. The two-year subscription revenue contract is estimated to be valued at USD 1.2 million in total. exactEarth will provide live and archived data from exactView RT which is the company's second-generation real-time satellite-AIS data service.
Key Market Trends:
Fleet Management is Expected to Hold Significant Share
- The increase in global trade and oil demand is the reason for large global fleets. Currently, shipping operators and oil companies operate a large number of fleets. According to data published by Alphaliner for the top 100 shipping companies, only one shipping company operated less than five ships in its fleet. Companies, like Maersk, MSC Mediterranean Shipping Company, COSCO Group, and CMA CGM Group, had more than 500 ships in their fleet, as of March 2019. However, with the growing number of ships, it has become difficult for shipping companies to manage and analyze these large fleets, as the reporting requirement and emission standards are continuously evolving around the world.
North America is Expected to Hold Significant Share
- The North American region accounts for the largest market share in the automatic identification system market. The region has a large coastal area that requires continuous monitoring. The increasing commercial activities and trade in the region are propelling the need for maritime safety and surveillance. Also, many AIS solution providers are based in this region; hence the region dominates the market. The key benefits, like better navigation, maritime traffic management, enhanced coastal surveillance for security, improvement in monitoring the movements of other vehicles, and prevention from collisions, are several factors driving the growth in the adoption of AIS in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Automatic Identification System Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Automatic Identification System Market (%),2016 - 2026
- Automatic Identification System Market Share, By Brand
- Automatic Identification System Market Share, By Company
- Automatic Identification System Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Automatic Identification System Market Value Analysis & Forecast
- Promising Automatic Identification System Development by Major Companies
- Detailed Automatic Identification System Portfolio of the Major Companies
- Major Deals in the Automatic Identification System Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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