Global Automatic Identification System Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automatic identification system market in its upcoming report titled, “Global Automatic Identification System Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automatic identification system market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automatic identification system market report has been segmented on the basis of class, platform, application, and region.

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Automatic identification system (AIS) is a maritime communications device which functions as an automatic tracking system used for avoiding collision on ships by the vessel traffic services. It automatically transmits their identity, position, course, speed and destination to each other and to coast stations. This information can be used by other ships to take account of their movements and by coast stations for coastal surveillance and vessel traffic management.

The mandatory regulation by International Maritime Organization to use AIS due to rising safety concerns is a key factor driving growth of the global automatic identification system market. The regulation requires AIS to be fitted aboard all ships of 300gt and upwards engaged on international voyages, cargo ships of 500gt and upwards not engaged on international voyages and all passenger ships irrespective of size. The requirement became effective for all ships in December, 2004. In addition, with the increasing world trade there is increase in marine traffic which are other factors expected to fuel growth of the global automatic identification system market over the forecast period.

Increasing adoption for automatic identification system in maritime sector across the globe is the ongoing trend observed, which is expected to support market growth in the near future. The market players associated are engaged in research & development with continuous upgradation in product portfolios in order to meet the demands of the automatic identification system market. The growth of satellite and cloud based communication is creating opportunities for players to develop suitable offerings which integrate modern AIS with satellites. Cloud management for AIS is expected to have a high demand in the market due to its advanced and smart features.

Currently, the market in North America dominates the global automatic identification system market in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing adoption for automatic identification system across various vessel types in the region.

Global Automatic Identification System Market Segmentation:

Segmentation on the basis of class:

• Class A
• Class B
• AIS Base Stations

Segmentation on the basis of Platform:

• Vessel-Based
• Onshore-Based

Segmentation on the basis of application:

• Fleet Management
• Vessels Tracking
• Maritime Security

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa