Global Automatic Identification System Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global automatic identification system market is anticipated to grow at a significant CAGR of 4.7% during the forecast period (2022-2028). An automatic identification system is an automated tracking system that employs transponders on ships to display other vessels in the neighborhood. It is utilized by maritime traffic services (VTS). A computerized identifying system aids in better traffic management and the avoidance of potential maritime collisions. It has been discovered that automated identifying systems are mostly utilized to keep ships safe.

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One of the primary factors driving the growth of the automatic identification system market includes the increase in international trade and maritime traffic. Another key element driving demand for automatic identification systems is the growing requirement for vessel safety and security, as well as the growing demand for effective traffic control and management systems. The automatic identification system market will continue to benefit from rising technical improvements in navigation and maritime traffic management systems.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-

August 2021, Tron AIS TR-8000 MkII, an upgraded automated identification system for the maritime industry, has been released by Jotron, a developer of safety goods and systems. This automated identification system is designed for inland waterways and conforms to Bridge Alert Management (BAM) regulations. Blue flag information transmissions for safe navigation on European interior waterways have also been included in the system.
In January 2021, according to the USCG, commercial fishing and crabbing vessels have been disconnecting their AIS, causing accidents and hindering search and rescue operations. Violations of this legislation in the US can result in civil penalties of up to $35,486 per infringement.
In December 2020, MTI Co., Ltd. and Japan Marine Science Inc. (JMS) of the NYK Group conducted a demonstration test of collision avoidance navigation using artificial intelligence (AI) in Osaka Bay as part of a research program to produce navigation support for domestic vessels using AI as a core technology. At the time, the research is being carried out in collaboration with Kobe University and Osaka Prefecture University.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Platform
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Saab AB, Furuno Electric Co. Ltd., Kongsberg Gruppen, exact Earth Ltd. and Orbcomm Inc., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Automatic Identification System Market Report by Segment

By Application

Fleet Management
Vessel Tracking
Maritime Security

By Platform

Vessel-Based
On-Shore

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This release was published on openPR.