Wednesday , December 6 2023

Automatic Identification System Market Industry Analysis and Forecast 2023-2029

The Automatic Identification System (AIS) detects and monitors the location of naval warships by transmitting radio signals on specialized VHF radio channels. AIS improves the safety and efficiency of naval operations in international seas by providing real-time information on marine traffic, navigation, and possible dangers. The growing reliance on sea routes for international trade, changing government policies mandating the installation of radio systems on naval vessels, unpredictability of environmental conditions at sea, and an increase in piracy incidents all contribute to the growth of the Automatic Identification System Market.

Automatic Identification System Market Overview: 

For the Automatic Identification System Market analysis, a professional research team did extensive primary and secondary research. Secondary research was conducted to supplement existing data, segment the market, estimate overall market size, and project both market size and growth rate.

Market leaders were identified using a combination of primary and secondary research, and market revenue was calculated using both forms of research. In-depth interviews with important thought leaders and industry specialists, including experienced front-line personnel, CEOs, and marketing executives, were conducted during the primary research phase.

Secondary research included an examination of annual and financial reports from prominent manufacturers. This information was cross-checked and reinforced by primary research, which included further in-depth interviews with important thought leaders and industry experts. Secondary sources helped generate global market percentage splits, market shares, growth rates, and breakdowns. These conclusions were then validated using primary data, giving a solid and dependable foundation for the global Automatic Identification System market study.

Automatic Identification System Market size was valued at US$ 227.57 Mn. in 2022 and the total revenue is expected to grow at 4.1 % through 2023 to 2029, reaching nearly US$ 301.49 Mn.

Scope of the Report

By identifying and evaluating market segments, as well as forecasting market size, the study aids comprehension of the dynamic structure of the Global Automatic Identification System Market. It includes a competitive examination of major organizations, taking into account criteria such as pricing, financial status, application expansion goals, and regional presence. Furthermore, the study includes a PESTLE analysis, which will help shareholders prioritize their efforts and investments in the Global Automatic Identification System Market.

External and internal factors that are expected to have a positive or negative impact on the firm have been thoroughly investigated. This gives decision-makers with a clear perspective of the industry’s future. Through an investigation of market segmentation and size predictions, the report aids to understanding the dynamic structure of the Global Automatic Identification System Market.

The report, intended as an investor’s guide, provides a complete portrayal of competition analysis among significant businesses in the Global Automatic Identification System Market. This includes insights into pricing, financial circumstances, expansion goals, and geographical presence, all of which provide essential information for market decision-making.

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Automatic Identification System Market Drivers:

The installation of Automatic Identification Systems (AIS) on all vessels was mandated by the International Maritime Organization (IMO) policy amendments in 2000, specifically in section V addressing equipment requirements for Naval Vessels. This criterion ensures good communication between vessels and port officials, as well as communication among nearby ships. As more countries join the International Maritime Organization and emphasize the safe passage of commodities and persons via naval platforms, the demand for Automatic Identification Systems has skyrocketed.

Automatic Identification System Market Segmentation: 

by Class
Class A
Class B by Platform
Vessel Based
Onshore Based

by Application
Maritime Security
Search & Rescue
Fleet Management

by End-Use

Key Players:

1. Comar Systems Ltd.
2. Hodges Marine
3. Honeywell International Inc.
5. L3 Harris Technology Inc.
6. SRT Marine Systems PLC
7. Raytheon Technologies Corporation
8. FURUNO Electric Co., Ltd.
9. CNS Systems
11.ONWA Marine Electronics Co., Ltd.
12.Thales Group
13.Garmin Ltd.
14.Japan Radio Co.
16.True Heading

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Regional Analysis:

The commercial maritime industry in North America has seen a 4.7% growth in demand for Automatic Identification Systems (AIS) due to a rising reliance on electronics components and key food ingredients imported from Asian countries via naval channels. As a result of greater digitalization, the military sector in this region, notably small and medium-sized naval vessels, has seen a 2.6% growth in demand.

In Europe, demand for AIS increased by 3.8% in the second decade of this century. This expansion can be ascribed to the growing reliance on critical items and services imported from around the world, as well as the naval defense sector’s penchant for modern technology.

The Middle East and Africa have had 2.5% growth, highlighting the region’s importance as a trading intermediate between eastern and western countries. The South American market, on the other hand, is growing at a slower rate, owing to the lack of technological infrastructure required to operate high-end technology.

COVID-19 Impact on the Automatic Identification System Market

The research evaluates the COVID-19 pandemic’s impact on the Automatic Identification System industry. It evaluates the effects of market leaders, followers, and disruptors on sales income. This analysis is critical for understanding how the sector has dealt with the pandemic’s issues.

The paper acknowledges and analyzes the influence of the COVID-19 pandemic on the Automatic Identification System industry, taking into account the disruptions it brought to market leaders, followers, and disruptors’ sales income. The epidemic has most certainly altered market dynamics, and comprehending its consequences is critical for industry stakeholders.

Key Questions answered in the Automatic Identification System Market Report are:

• What will be the Automatic Identification System market CAGR throughout the projected period (2023-2029)?
• Which market category emerged as the market leader in the Automatic Identification System industry?
• Who are the key players in the Automatic Identification System market?
• What important trends in the Automatic Identification System industry are anticipated to develop throughout the forecast
• How big will the Automatic Identification System market be in 2027?
• In 2020, which business segment had the highest proportion of the Automatic Identification System market?

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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