Global Automatic Identification System Market Size to Cross US$ 358.95 Million by 2027
The latest research study “Automatic Identification System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automatic identification system market size reached US$ 257.97 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 358.95 Million by 2027, exhibiting a growth rate (CAGR) of 5.40% during 2022-2027.
Automatic identification system or AIS represents tracking solutions that utilize transponders on ships to detect other vessels in the area. They are available in class A, class B, and AIS base station categories. These automated identification system variants function by providing relevant information, such as course, speed, and position of the vessel, which are displayed on a screen in conjunction with the marine radar.
They are mainly utilized by vessel traffic service providers to ensure the safety of participating vessels and assist in the prevention of possible maritime collisions. As a result, automatic identification system technologies find extensive applications in fleet management, vessel tracking, and maritime security.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Automatic Identification System Market Trends and Drivers:
The expanding naval sector and the escalating need for monitoring and tracking vessels at sea, on account of the increasing seaborne trade activities across countries and the considerable rise in marine traffic, are primarily driving the automatic identification system market. Besides this, the elevating incorporation of big data analytics and internet of things (IoT) connectivity in AIS to facilitate efficient visibility and control is acting as another significant growth-inducing factor.
Moreover, the development of advanced technologies related to navigation and maritime traffic management systems, which include remote container management (RCM) solutions and remote traffic control systems, is further stimulating the global market. Apart from this, the implementation of numerous stringent regulations by government bodies to prevent threats to marine safety and the growing smart global ocean trade and supply chains are expected to fuel the automatic identification system market over the forecasted period.
Automatic Identification System Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
CNS Systems AB, ComNav Marine Ltd., Furuno Electric Co. Ltd., Garmin Ltd., Japan Radio Co. Ltd. (Nisshinbo Holdings Inc.), Kongsberg Gruppen ASA, Orbcomm, Raymarine Uk Limited (Teledyne FLIR LLC), Saab AB, Spire Global Inc. and Wärtsilä Oyj Abp.
The report has segmented the market on the basis of class, component, platform and application.
- Class A
- Class B
- AIS Base Stations
- Central Processing Unit
- Onshore Based
- Fleet Management
- Vessels Tracking
- Maritime Security
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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