l Automatic Identification System Market is valued approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2029. The Automatic Identification System (AIS) is an automatic tracking system used by ship transceivers and by the Vessel Traffic Service (VTS) to automatically track ships and avoid collisions of any kind. It was designed to allow two-way communication between different vessels and coastal authorities on the coast. The system can provide static, dynamic and voyage data about vessels to other vessels in the vicinity and to nearby coastal authorities. In addition, the AIS device provides information such as unique her ID, course, speed, and location displayed on the screen.
Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6917
The equipment is intended to assist seafarers by allowing maritime authorities to track and monitor vessel movements. In addition, existing transmitting transponder systems included in this AIS will be used for operation in the very high frequency (VHF) marine mobile radio band. This automatic identification system combines a standard his VHF transceiver with a location system such as a GPS receiver and additional electronic navigation sensors including a gyrocompass and turn signals. The increasing growth of cross border e commerce trade and growing technological advancements in navigation & maritime traffic management systems are key factor accelerating the market growth.
The rising expansion of cross border e-commerce trade is contributing towards the Growth of the Global Automatic Identification System Market. For instance, as per Statista global cross-border e-commerce market is expected to grow to USD 2.25 trillion 2026. Form the value of USD 579 billion in 2019. Also, growing demand for safety and security of vessel and rise in international trade would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Automatic Identification System stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Automatic Identification System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and rising expansion of cross border trade in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising logistics and transportation sector and increasing penetration of leading market players in the region.
Major market players included in this report are:
Orbcomm Inc.
Furuno Electric Co. Ltd
Exactearth Ltd
Kongsberg Gruppen ASA
SAAB Transponder Tech AB
L-3 Communications Holdings Inc
Garmin International Inc
Honeywell International Inc
Raytheon Ltd.
CNS Systems AB
Download Free Sample of This Strategic Report with Industry Analysis @https://reportocean.com/industry-verticals/sample-request?report_id=bw6917
Recent Developments in the Market:
In August 2021, Jotron has announced launch of automated identification system (AIS) for the maritime sector, the Tron AIS TR-8000 MkII. The AIS is intended for inland waterways and meets with Bridge Alert Management (BAM) regulations. Blue sign information transmissions for safe passage on European inland waterways are another improvement to the system.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Class, Platform, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analysts working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Class
Class A
Class B
AIS Base Stations
By Platform
Vessel-Based
Onshore Based
By Application
Fleet Management
Vessels Tracking
Maritime Security
Other Applications
Get a Request Free Sample Full Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6917
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Market Overview:
- Provides a general introduction to the market, including its size, growth rate, and key characteristics.
- This section may also include information on market segmentation, such as by product type, application, or geography.
Industry Trends and Drivers:
- Examines the current trends, developments, and factors driving the growth or decline of the market.
- It may include technological advancements, regulatory changes, consumer preferences, or economic factors that impact the industry.
Market Analysis:
- Offers a detailed analysis of the market’s dynamics, including supply and demand factors, competitive landscape, and market attractiveness.
- This section may include information on market share, market concentration, and competitive strategies of key players.
Market Segmentation:
- Divides the market into distinct segments based on criteria such as product type, application, end-user, or geography.
- This analysis helps identify specific market opportunities and target audiences.
Market Size and Forecast:
- Presents the current market size and estimates future market growth over a specified period.
- -This section may include historical data, market projections, and growth rates for different segments.
Competitive Analysis:
- Assesses the competitive landscape of the market, including the profiles of major players, their market share, and strategies.
- It may also include SWOT analysis (strengths, weaknesses, opportunities, threats) of key competitors.
Market Opportunities and Challenges:
- Identifies potential growth opportunities and challenges in the market. This section may highlight emerging market segments, untapped regions, or technological advancements that can drive market expansion.
- It may also address barriers to entry, regulatory hurdles, or competitive threats.
Consumer Insights:
- Provides an understanding of consumer behavior, preferences, and buying patterns related to the market.
- This section may include survey data, consumer demographics, and customer feedback.
Future Outlook and Recommendations:
- Offers insights into the future prospects of the market and provides recommendations for businesses or stakeholders.
- This section may suggest strategies for market entry, product development, marketing, or investment decisions.
Appendix:
- Includes additional data, charts, tables, or references that support the analysis presented in the report.
Get a Request Free Sample Full Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6917
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com
COMTEX_439687391/2796/2023-09-07T06:45:44
Source link