Automatic Identification Systems (AIS) Market to Partake Significant Development During 2017 - 2025
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Global automatic identification systems (AIS) market on the basis of geography has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East and Africa.
These AIS systems are fully automated requiring absolutely no human intervention that forms one of the primary reasons for its immense applications. Unlike radar, these systems are not affected by rains or sea along with providing a longer wavelength. This allows improvement in monitoring movements of other vessels particularly at night also helping personnel present in vessels. AIS provides information quickly and accurately about the risk of collision when being used with an appropriate display providing dynamic data. All these factors have helped in the growth of this market. Considering all these factors it is the errors resulting from wrong equipment settings which may lead to an emergency incident and thus form a major restraint for this market. Moreover, there are also certain kind of vessels like fishing vessels that cannot be fitted with AIS posing challenges for this market. Besides all these drivers and restraints it is the growth of security concerns associated with monitoring vessels that is likely to provide huge opportunities in future for this market.
On the basis of geography, it is North America followed by Europe that has formed two key regions for this market. Dependence on water transport between domestic regions as well as for cross border trade along with security breaches in the sea based borders have been a few key factors to positively drive this market. Asia Pacific is growing at one of the fastest rates among the other regions where China, India and Korea are a few key countries playing a major role in growth. Border based security reasons along with growth of cross border trade with the help of water based transport are some key drivers for this region. South Korea is one such country that is completely landlocked and thus has to depend on water transport for trade purposes further boosting the demand for AIS.
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Some of the key players that are operating in the global automatic identification systems (AIS) market include SAAB AB (Sweden), Furuno Electric Co. Ltd. (Japan), Orbcomm Inc. (U.S.), L-3 Communication Holdings Inc. (U.S.), exactEarth (Canada), Kongsberg Gruppen ASA (Norway) and CNS Systems AB (Sweden) among others.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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