Press release
Automatic Identification System Market was valued at USD 218.61 million in 2021, and it is expected to grow at a CAGR of 4.1% from 2021 to 2029, reaching nearly USD 301.49 million.
Automatic Identification System Market
The report highlights the research methodology used in gathering and analyzing data, ensuring the accuracy and reliability of the findings. Additionally, it provides an overview of the market dynamics, such as the International Maritime Organization's requirement for Automatic Identification Systems on vessels, which has led to a surge in demand for the technology.
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The report provides a comprehensive segment analysis of the Automatic Identification System Market. It covers segments based on class, platform, application, and end-users, highlighting the trends and growth potential within each segment.
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What are Automatic Identification System Market Dynamics?
Government Regulations and Policies: The International Maritime Organization (IMO) and other regulatory bodies have implemented policies requiring the installation of AIS on naval vessels. These regulations ensure better communication, safety, and traffic management, driving the demand for AIS systems.
Increasing Dependence on Naval Trade: With a significant portion of global trade being conducted through naval routes, the demand for AIS systems has grown. The maritime industry relies on AIS for navigation, marine traffic monitoring, and identifying potential dangers in international waters.
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Technological Advancements: Advancements in AIS technology, such as improved transmission capabilities, enhanced data analysis, and integration with other marine systems, have increased the adoption of AIS. These advancements provide more accurate and reliable information, enhancing safety and efficiency.
Rise in Maritime Security Concerns: The increasing incidents of piracy, maritime accidents, and unauthorized vessel activities have raised concerns about maritime security. AIS systems play a vital role in enhancing security measures by providing real-time vessel tracking and identification, aiding in surveillance and response efforts.
What is Automatic Identification System Market Regional Insight?
Regionally, North America is identified as the largest market for Automatic Identification Systems, driven by its dependence on imports via naval routes and increasing digitization of defense naval vessels. Europe, Asia-Pacific, the Middle East, Africa, and South America also exhibit varying levels of market growth based on regional dynamics and trade patterns.
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What is Automatic Identification System Market Segmentation?
by Class
• Class A
• Class B
by Platform
• Vessel Based
• Onshore Based
by Application
• Monitoring
• Navigation
• Tracking
• Maritime Security
• Search & Rescue
• Fleet Management
• Others
by End-Use
• Government
• Commercial
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Who are Automatic Identification System Market Key Players?
• Comar Systems Ltd.
• Hodges Marine
• Honeywell International Inc.
• SAAB AB
• L3 Harris Technology Inc.
• SRT Marine Systems PLC
• Raytheon Technologies Corporation
• FURUNO Electric Co., Ltd.
• CNS Systems
• Wartsila
• ONWA Marine Electronics Co., Ltd.
• Thales Group
• Garmin Ltd.
• Japan Radio Co.
• ORBCOMM
• True Heading
Table of content for the Automatic Identification System Market includes:
1. Global Automatic Identification System Market: Research Methodology
2. Global Automatic Identification System Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Automatic Identification System Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Automatic Identification System Market Segmentation
• Global Market, by Class(2021-2029)
• Global Market, by Platform(2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by End-Use(2021-2029)
5. Regional Automatic Identification System Market(2021-2029)
• Regional Market, by Class(2021-2029)
• Regional Market, by Platform(2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by End-Use(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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