Automatic Identification System Market – Global Opportunities & Forecast, 2020-2027

 

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

The Automatic Identification System Market drivers and trends are as follows:

Increasing globalization, rising world trade, growing marine traffic, and the increasing need for efficient management of marine traffic, are some of the major drivers surging the growth of the automatic identification system market. Rising demand for safety and coastal surveillance, enhanced navigation, identification and tracking of vessels, and efficient vessel traffic control are also projected to boost the market growth in the upcoming years. Moreover, the growing investments by the concerned governments and authorities worldwide to integrate automatic identification systems into ships for increasing marine traffic and trade management will accelerate the growth of the automatic identification system market.

The growing use of automatic identification system in the marine industry for a variety of purposes, such as collision avoidance, navigation, vessel traffic services, fishery monitoring and control, maritime security, ocean race management, search & rescue, fleet & cargo tracking, environment rescue, and accident investigation is expected to energize the growth of the market in the upcoming years. On the other hand, the high cost of ais technology is projected to hamper market growth during the forecast period.

Based on the region, North America is projected to dominate the market during the forecast period due to the rigorous safety protocols and mandates implemented by the government, and favorable policies emphasized monitoring, surveillance, and enforcement to protect its maritime industry the region. Moreover, extensive marine travel and freight activities in the U.S. and Canada developed countries are further propelling the demand for AIS. Furthermore, shipping, and marine transport companies are highly aimed at the adoption of advanced security solutions, thus, accelerating the growth of the AIS market.

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Key Benefits of the Report:

·         This report offers an analytical depiction of the automatic identification system market while providing the current trends and future estimations to determine the imminent investment pockets.

·         This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the automatic identification system market share.

·         The report also provides a detailed automatic identification system market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Automatic Identification System Market report:

·         SAAB AB

·         Furuno Electric Co. Ltd.

·         Exactearth Ltd.

·         Orbcomm Inc.

·         Kongsberg Gruppen ASA

·         L3Harris Technologies, Inc.

·         Japan Radio Co.

·         Garmin Ltd.

·         CNS Systems

·         True Heading AB

Segmentation of the Automatic Identification System Market:

Breakup by Class:

·         Class A AIS

·         Class B AIS

·         AIS Base Stations

Breakup by Platform:

·         Vessel-Based Platform

·         Onshore-Based Platform

Breakup by Application:

·         Fleet Management

·         Vessel Tracking

·         Maritime Security

·         Others

Breakup by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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