Global Automatic Identification System Market Statistics: USD 433.8 Million Value by 2032
Summary:
Industry Trends and Drivers:
Higher demands for better solutions to the safety and security of sea transportation are driving the growth of the market. As the flow of trade is more or less dependent on sea routes today, threats like collision, piracy are increasing. AIS technology allows observers and authorities to track the movement and identify vessels instantly through transmitting and receiving electronic signals. This system improves visibility and coordination of events at sea, and minimizes accidents and unlawful occurrences on the seas. Besides, legal and regulatory authorities require AIS equipment to be installed on ships with specific measures or dimensions, strengthening the general trend towards its implementation. Since the shipping activities are increasing all over the world, the focus on safety measures and adherence to inter- national laws is creating a demand for AIS for safe and efficient functioning of the logistics chain.
The increasing international maritime businesses are catalysing the market growth. Currently, the volume of international trade is equal to expanding, which means that the number of vessels employing the heavily trafficked traffic lanes is equally on the rise and hence this implies that congestion and probability of maritime incidents are very prone to happen. To address this, AIS systems are becoming more integrated by the ports and shipping companies to facilitate VTMIS to address vessel traffic density to avoid congested and safe navigation. Increase in the number of new ports and technological up gradation across the world and especially the developing countries are increasing the requirement of AIS system. It is especially relevant to manage the sophisticated port processes, improve the possibility of berthing, and minimize the time that the vessels spend at the terminals.
Technological growth in the AIS and amalgamation of the system with other marine systems are driving the market. Current developments including the s-AIS, which has an international coverage give opportunity to monitor vessels far from the shore instead of the near coastal waters alone especially in the open seas and other secluded areas. Moreover, application of AIS in concert with other marine systems such as ECDIS and radar and increases the general effectivity of the tracking and navigation of vessels. It not only enhances the operating performance of the shipping organizations, but also contributes to environmental observation and search and rescue operations.
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Automatic Identification System Market Report Segmentation:
By Class:
Class A exhibits a clear dominance in the market as it is mandated for larger commercial vessels, making it widely adopted across the maritime industry.
By Component:
Transmitter represents the largest segment because it is crucial for the continuous and reliable broadcasting of vessel information, making it the most essential and widely used component in AIS systems.
By Platform:
Vessel-based holds the biggest market share, as most maritime activities require onboard systems for navigation, safety, and compliance with international regulations.
By Application:
Vessels tracking accounts for the majority of the market share owing to its capability to enhance maritime safety and operational efficiency.
Regional Insights:
North America dominates the market attributed to its advanced maritime infrastructure and stringent regulations to drive the widespread adoption of AIS technology in the region.
Top Automatic Identification System Market Leaders:
The automatic identification system market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
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