Automatic Identification System Market Globally Expected to Drive Growth through 2025

Automatic identification system is a type of tracking system used on ship by vessel traffic services (VTS). It helps in identifying the location of vessel with the help of electronically exchanging data between various nearby vessels, automatic identification system base stations and satellites. An automatic identification system is designed specifically to enable two-way communication between on-shore based coastal authorities and various vessels. Globalization is considered as one of the important factor responsible for the growth and expansion of maritime transport industry. Marine transportation is expanding significantly due to increasing global trade. Also maritime transportation is less expensive as compare to other mode of transportation. These all factors are encouraging growth of global automatic identification market.

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Automatic Identification System Market: Drivers and Restraint

Global automatic identification system market is expected to witness significant growth during the forecast period. Factors which are driving the growth of global automatic identification system market are evolution of marine transportation, better maritime traffic management and navigation facility, growth on number of merchant fleet and improved coastal surveillance. Furthermore, large scale terrestrial automatic identification system development programme in developed regions expected to fuel the growth of global automatic identification system market significantly. On the other hand factors which are restraining the growth of global automatic identification system market are limitation of range and reporting facilities between vessels and on-shore costal authorities. Automatic identification market is also facing challenge of data manipulation practices, to overcome this challenge strict automatic identification system (AIS) cyber security is required. However, increasing government involvement and investment to integrate the system into vessel is expected to create significant opportunity for the expansion of market over the forecast period.

Automatic Identification System Market: Segmentation

Global automatic identification system market is segmented on the basis of platform, class and application. On the basis of platform, the global automatic identification system market can be segmented into vessel-based platform and on-shore based platform.

On the basis of class, the global automatic identification system market can be segmented into, Class A automatic identification system (Class A AIS), Class B automatic identification system (Class B AIS) and Automatic identification base stations.

On the basis of application, global automatic identification system market can be segmented into fleet management, vessel management, maritime security, ocean race management, marine environment protection and others. Out of all these applications, vessel management and maritime security management application are expected to lead the global automatic identification system market over the forecast period.

Automatic Identification System Market: Region wise outlook

On the basis of region, the automatic identification system market can be segmented into seven regions which includes, North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Eastern Europe, Japan and Middle East & Africa region. Further the market is sub-segmented as per the major countries of each region in order to provide better regional analysis of the automatic identification system market. North America region is expected to dominate the global Automatic Identification System Market during the period of forecast. It is because of high maritime security awareness and increasing government involvement for adoption of automatic identification system. However, growing trade in developing regions via marine transportation is expected to drive the growth of automatic identification system market in the region during the forecast period. Asia Pacific region is expected to witness higher compound annual growth during the period of forecast.

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Automatic Identification System Market: Key Players

Key players in global automatic identification system market are Saab AB, FURUNO ELECTRIC CO., LTD, exactEarth, ORBCOMM Inc., Kongsberg Gruppen, L-3 Communication Holdings Inc., Japan Radio Co., Ltd., True Heading AB, Garmin International, Honeywell International, Inc. and Thales Group. Key players are focusing more on development of new technologies that can help in managing increasing marine traffic.

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This release was published on openPR.