Automatic Identification System Market Segmentation Analysis, Growth, Share, Trends, Size and Forecast 2032

The research study conducted by Report Ocean on the "Automatic Identification System Market" spans over 100 pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.

Automatic Identification System Market is valued approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2029. The Automatic Identification System (AIS) is an automatic tracking system used by ship transceivers and by the Vessel Traffic Service (VTS) to automatically track ships and avoid collisions of any kind. It was designed to allow two-way communication between different vessels and coastal authorities on the coast. The system can provide static, dynamic and voyage data about vessels to other vessels in the vicinity and to nearby coastal authorities. In addition, the AIS device provides information such as unique her ID, course, speed, and location displayed on the screen.

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The equipment is intended to assist seafarers by allowing maritime authorities to track and monitor vessel movements. In addition, existing transmitting transponder systems included in this AIS will be used for operation in the very high frequency (VHF) marine mobile radio band. This automatic identification system combines a standard his VHF transceiver with a location system such as a GPS receiver and additional electronic navigation sensors including a gyrocompass and turn signals. The increasing growth of cross border e commerce trade and growing technological advancements in navigation & maritime traffic management systems are key factor accelerating the market growth.

The rising expansion of cross border e-commerce trade is contributing towards the Growth of the Global Automatic Identification System Market. For instance, as per Statista - global cross-border e-commerce market is expected to grow to USD 2.25 trillion 2026. Form the value of USD 579 billion in 2019. Also, growing demand for safety and security of vessel and rise in international trade would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Automatic Identification System stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automatic Identification System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and rising expansion of cross border trade in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising logistics and transportation sector and increasing penetration of leading market players in the region.

Major market players included in this report are:
Orbcomm Inc.

Furuno Electric Co. Ltd

Exactearth Ltd

Kongsberg Gruppen ASA

SAAB Transponder Tech AB

L-3 Communications Holdings Inc

Garmin International Inc

Honeywell International Inc

Raytheon Ltd.

CNS Systems AB

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Recent Developments in the Market:
In August 2021, Jotron has announced launch of automated identification system (AIS) for the maritime sector, the Tron AIS TR-8000 MkII. The AIS is intended for inland waterways and meets with Bridge Alert Management (BAM) regulations. Blue sign information transmissions for safe passage on European inland waterways are another improvement to the system.

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Class, Platform, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Class

Class A

Class B

AIS Base Stations

By Platform

Vessel-Based

Onshore Based

By Application

Fleet Management

Vessels Tracking

Maritime Security

Other Applications

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

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Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?

Growth Hampering Factors in the Market:
• Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
• Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
• Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
• Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
• Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
• Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
• Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
• Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
• Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.

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