Automatic Identification System (AIS) Market 2023 Driving Factors Forecast Research 2029

AIS market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The major factor driving the demand for automatic identification systems includes rapid globalization, international trade, and vessel traffic, rising safety concerns, and increasing regulations imposed by the government for the application of automatic identification systems. Also, the rapid evolution of navigation systems and the growing adoption of advanced technology in a global maritime communication network are some of the other factors anticipated to fuel the demand for the market. For instance, in October 2021, Saab AB entered a memorandum of understanding (MoU) to cooperate with ORBCOMM and AAC Clyde Space AB to develop the next generation of global maritime communication services based on a VHF Data Exchange System (VDES). Both companies, collaborating under a new brand named AOS, aim both for services directed to end customers as well as for the safety of navigation services. The goal of the consortium is to create a global maritime communication network enabling ship-to-ship and ship-to-shore communication across the globe.

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The global AIS market is segmented based on its platform and application. Based on its platform, the market is segmented into vessel-based and on-shore. Based on the application, the market is categorized into fleet management, vessel tracking, maritime security, and other applications. Among the platform, the vessel-based is anticipated to hold a prominent market share during the forecast period. The growth of the vessel-based platform is attributed to an increase in cross-border business operations through maritime routes.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Automatic Identification System (AIS) Market by Platform
o Vessel-Based
o On-Shore

Global Automatic Identification System (AIS) Market by Application
o Fleet Management
o Vessel Tracking
o Maritime Security
o Other Applications
o Accident investigation
o Infrastructure Protection

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Orbcomm Inc.
o Japan Radio Company Ltd.
o True Heading AB
o Garmin Ltd.
o CNS Systems AB
o Wärtsilä Corp. (Transas Marine Ltd.)
o ComNav Marine Ltd.

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automatic identification system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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