Press release
Automatic Identification System Market Size 2022 | Worth US$ 358.95 Million by 2027 | Growth Rate (CAGR) of 5.40% | IMARC Group
Automatic identification system or AIS represents tracking solutions that utilize transponders on ships to detect other vessels in the area. They are available in class A, class B, and AIS base station categories. These automated identification system variants function by providing relevant information, such as course, speed, and position of the vessel, which are displayed on a screen in conjunction with the marine radar. They are mainly utilized by vessel traffic service providers to ensure the safety of participating vessels and assist in the prevention of possible maritime collisions. As a result, automatic identification system technologies find extensive applications in fleet management, vessel tracking, and maritime security.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automatic Identification System Market Trends and Drivers:
The expanding naval sector and the escalating need for monitoring and tracking vessels at sea, on account of the increasing seaborne trade activities across countries and the considerable rise in marine traffic, are primarily driving the automatic identification system market. Besides this, the elevating incorporation of big data analytics and internet of things (IoT) connectivity in AIS to facilitate efficient visibility and control is acting as another significant growth-inducing factor. Moreover, the development of advanced technologies related to navigation and maritime traffic management systems, which include remote container management (RCM) solutions and remote traffic control systems, is further stimulating the global market. Apart from this, the implementation of numerous stringent regulations by government bodies to prevent threats to marine safety and the growing smart global ocean trade and supply chains are expected to fuel the automatic identification system market over the forecasted period.
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Automatic Identification System Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
CNS Systems AB, ComNav Marine Ltd., Furuno Electric Co. Ltd., Garmin Ltd., Japan Radio Co. Ltd. (Nisshinbo Holdings Inc.), Kongsberg Gruppen ASA, Orbcomm, Raymarine Uk Limited (Teledyne FLIR LLC), Saab AB, Spire Global Inc. and Wärtsilä Oyj Abp.
The report has segmented the market on the basis of class, component, platform and application.
Breakup by Class:
Class A
Class B
AIS Base Stations
Breakup by Component:
Transmitter
Receivers
Central Processing Unit
Display
Others
Breakup by Platform:
Vessel-Based
Onshore Based
Breakup by Application:
Fleet Management
Vessels Tracking
Maritime Security
Others
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Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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