Industry Background:
An automatic Identification System is a device that is used to relay real-time signals using transmitters and receivers. AIS is basically used in the maritime domain for networking and vessel tracking mechanisms. AIS devices use very high-frequency radio signals to broadcast their data. AIS displays information related to ship digitally. AIS helps ships get situational awareness and prevent any collisions. With Innovation and increasing investments in technology, better Satellite-based AIS systems emerged which can be integrated with GPS systems to provide better accuracy in navigation. An increase in Global Maritime Trade played a huge role in the growth and advancement of Automatic Identification Systems. Complex Globalised Supply chains have led to an increase in the number of shipping vessels, which has indirectly led to the growth of Automatic Identification Systems. Large Scale Sea Piracy and Other Sea related crime increase has made it necessary for the use of AIS for Ship and Crew Safety, as well as made ease of Ship Identification by Navies around the globe. Geographically, Asia Pacific is expected to remain the biggest market because of the rising shipping industry, emerging economies, and the large-scale presence of OEMs. Latin America and Africa have huge potential to grow in the coming years, largely fuelled by the emergence of rising economies and increasing trade.This growth is primarily driven by Exponential Increase in Maritime Trade and Shipping
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Communications Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as ExactEarth Ltd. (Canada), Furuno Electric Co. Ltd (Japan), ORBCOMM (United States), Saab Transponder Tech AB (Sweden), Garmin Ltd. (Switzerland), C.N.S. Systems AB (Sweden), Kongsberg Gruppen ASA (Norway), Wartsila OYJ Abp (Finland), True Heading AB (Sweden) and ComNav Marine Ltd (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Furuno Electric Co., Ltd., a Japanese electronics manufacturer specializing in marine electronics announced the acquisition of Denmark-based EMRI A/S. EMRI specializes in steering control and maneuvering systems and is OEM in more than 1000 ships. The acquisition of EMRI, expands Furuno’s presence in the maritime market both in product portfolio and geographical.
In 2020, exactEarth Ltd., Canada-based one of the market leaders in Satellite-AIS data services has announced strategic Divestiture of 4 of its satellites, associated spectrum licenses, and ground station assets to Australia-based Myriota PTY Ltd. Myriota specializes in IoT solutions through nanosatellite connectivity.
Regulatory Insights:
According to International Maritime Organisation headquartered in the United Kingdom, All Voyage Ships of 300 Gross Tonnage or Larger should have Operational AIS on Board under the International Convention for the Safety of Life at Sea (SOLAS)
Influencing Trend:
Development in Satellite-based AIS Integration
Market Growth Drivers:
Exponential Increase in Maritime Trade and Shipping, Increasing Globalisation of Supply Chains, Rising Incidents of Crime Activities in or through Sea and Growing Maritime Operations
Challenges:
Continuous Ugradation in Technologies with Better Accuracy
Restraints:
The Rie in Trade Restrictions or Increasing Protectionist Policies and Increase in Competition from Chinese Manufacturers
Opportunities:
The Asia Pacific Presents Excellent Opportunity to Grow, because of Fast-Growing Shipping Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automatic Identification System Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automatic Identification System Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automatic Identification System players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automatic Identification System Study Sheds Light on
The Automatic Identification System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automatic Identification System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automatic Identification System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.