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Automatic Identification System Global Market Report 2023: Sector to Reach $359.2 Million by 2028 at a CAGR of 4.65%
Dublin, March 15, 2023 (GLOBE NEWSWIRE) -- The "Automatic Identification System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global automatic identification system market size reached US$ 273.4 Million in 2022. Looking forward, the publisher expects the market to reach US$ 359.2 Million by 2028, exhibiting a CAGR of 4.65% during 2022-2028.
An automatic identification system (AIS) is a tracking system that uses transponders on ships to identify other vessels in the area. It is mainly used by vessel traffic service providers to provide safety to participating vessels. Primarily employed to monitor ships and better control marine traffic, it also assists in the prevention of possible maritime collisions.
Automated identification systems function by providing pertinent information, such as unique identification, course speed, and vessel position, which can be displayed on a screen in conjunction with the marine radar. Automatic identification requires the use of transceivers on marine vessels, which when equipped with transceivers, facilitate easy monitoring and tracking.
AIS is also being used for the large-scale transmission of critical information regarding environmental conditions to emergency response providers, mariners, and forecasters.
The market is primarily driven by the escalating demand for monitoring and tracking vessels at sea due to a considerable rise in marine traffic, along with the rapid expansion of the naval sector. This can be attributed to the increasing international seaborne trade activities.
In line with this, the augmenting need for safety and security of the vessels is acting as another significant growth-inducing factor for the AIS market. Moreover, the incorporation of satellite AIS, Big Data analytics, and the Internet of Things (IoT) connectivity to deliver efficient visibility and control is providing an impetus to the market.
Apart from this, continual technological advancements in navigation and maritime traffic management systems, such as remote traffic control systems and remote container management (RCM) solutions, are further creating lucrative growth opportunities in the market.
Furthermore, the increasing stringency of marine safety regulations is resulting in a higher product uptake on the global level. Some of the other factors contributing to the market growth include the emergence of smart global ocean trade and supply chains, flourishing e-commerce industry, inflating disposable income levels, and extensive research and development (R&D) activities.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Wartsila Oyj Abp.
Key Questions Answered in This Report
1. What was the size of the global automatic identification system market in 2022?
2. What is the expected growth rate of the global automatic identification system market during 2023-2028?
3. What are the key factors driving the global automatic identification system market?
4. What has been the impact of COVID-19 on the global automatic identification system market?
5. What is the breakup of the global automatic identification system market based on the class?
6. What is the breakup of the global automatic identification system market based on the component?
7. What is the breakup of the global automatic identification system market based on platform?
8. What is the breakup of the global automatic identification system market based on the application?
9. What are the key regions in the global automatic identification system market?
10. Who are the key players/companies in the global automatic identification system market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automatic Identification System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Class
6.1 Class A
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Class B
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 AIS Base Stations
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Component
7.1 Transmitter
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Receivers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Central Processing Unit
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Display
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Platform
8.1 Vessel-Based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Onshore Based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Fleet Management
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Vessels Tracking
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Maritime Security
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/9nhqsk
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