Automatic Identification System Market is projected to rise at a considerable CAGR during the forecast period from 2021 to 2027. The Automatic Identification System market is driven by factors such as the development of satellite-based communication and the increase in world trade which has increased the marine traffic. The rising need for safety and security of the vessels along with an increasing demand for efficient traffic control and management systems are further driving the growth of the automatic identification system market. Automatic identification systems are used by marine traffic service providers to monitor and track the ships and avoid any kind of collision. The automatic identification systems provide useful data such as unique identification, course speed and vessel position.
Automatic identification system uses transceivers, installed on the ships, for the tracking of the vessels. The vessels that are fit with transceivers can easily be monitored. Rapid globalization is further giving rise to the demand for automatic identification systems. Rising technological advancements in maritime traffic management systems and navigation systems are expected to provide lucrative opportunities during the forecast period. Major players in the Automatic Identification System Market include Furuno Electric Co. Ltd, Japan Radio Co. Ltd., Saab Transponder Tech AB, exactEarth, and ORBCOMM among others.
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A full report of Global Automatic Identification System Market is available at: https://www.orionmarketreports.com/automatic-identification-system-market/40779/
The following Segmentation are covered in this report:
By Class
- Class A AIS
- Class B AIS
- AIS Base Stations
By Platform
- Vessel-Based Platform
- Onshore-Based Platform
By Application
- Fleet Management
- Vessel Tracking
- Maritime Security
- Other Applications
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automatic Identification System Market.
- The market share of the global Automatic Identification System Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automatic Identification System Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automatic Identification System Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
