Automatic Identification System Market Size to Surpass US$ 359.2 Million by 2028, At a CAGR of 5.19%

The latest research study "Automatic Identification System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global automatic identification system market size reached US$ 273.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 359.2 Million by 2028, exhibiting a growth rate (CAGR) of 5.19% during 2023-2028.

An automatic identification system (AIS) refers to a tracking system that utilizes transponders on ships to detect other vessels in the area. It is commonly used by vessel traffic service providers to ensure the safety of participating vessels. It helps prevent potential maritime collisions and is primarily used to monitor ships and better control marine traffic. It involves using transceivers on marine vessels, making monitoring and tracking much easier when equipped with transceivers. Currently, AIS finds extensive applications in the large-scale transmission of essential environmental information to forecasters, mariners, and emergency response providers.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/automatic-identification-system-market/requestsample

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 global automatic identification system market is primarily driven by the rapid expansion of the naval sector and the increasing demand for monitoring and tracking vessels at sea due to the rise in marine traffic. Moreover, the integration of the Internet of Things (IoT) connectivity, Big Data analytics, and satellite AIS to provide adequate visibility and control is positively influencing the market growth. Additionally, there has been a significant rise in international seaborne trade activities. In line with this, the escalating demand for the safety and security of the vessels has catalyzed market growth. Besides this, numerous technological advancements in maritime traffic management and navigation systems, including remote traffic control systems and remote container management (RCM) solutions, are other major growth-inducing factors. Furthermore, the implementation of various stringent marine safety regulations has accelerated the product adoption rate. Other factors, including ongoing research and development (R&D) activities, the rapid expansion of the e-commerce industry, and inflating consumer disposable incomes, are also anticipated to drive the market further.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/automatic-identification-system-market

Automatic Identification System Market 2023-2028 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

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 (2017-2022)
• Market Outlook (2023- 2028)
• 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.

Browse Other Reports by IMARC Group:

• https://www.imarcgroup.com/food-emulsifiers-market

• https://www.imarcgroup.com/formic-acid-market

• https://www.imarcgroup.com/thin-film-solar-cell-market

• https://www.imarcgroup.com/agricultural-microbial-market

• https://www.imarcgroup.com/dating-services-market

• https://www.imarcgroup.com/renewable-methanol-market

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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.

This release was published on openPR.