Global Automatic Identification System Market Forecasts to 2024: Key Players are Saab, Furuno Electric, exactEarth, and Orbcomm - ResearchAndMarkets.com

The "Global
Automatic Identification System Market (2019-2024): Growth, Trends and
Forecasts" report has been added to ResearchAndMarkets.com's
offering.

The automatic identification system market was valued at USD 231.4
million in 2018 and is expected to reach USD 313.5 million by 2024, at a
CAGR of 5.6% during the forecast period (2019-2024). The increasing
adoption for automatic identification system in the maritime sector
across the globe is the ongoing trend observed, which is expected to
support market growth.

• AIS class-A band has the ability to track large commercial vessels and
  plan routes for traffic management. This vessel traffic service is
  similar to air traffic services, where AIS is used to offer
  navigational advice to the vessels traveling across open waters. Thus,
  AIS is essential for providing accurate tracking of vessels and for
  effective maritime traffic management.
• As compared to the global ports, Indian airports are inefficient in
  terms of cargo handling owing to constraints, such as long dwell time.
  Many ports are now deploying new technologies where AIS will play a
  significant role, thereby driving the market's growth.
• AIS systems transmit radio signals in the maritime VHF band and
  airwaves are inherently noisy. In ports and crowded areas, bandwidths
  become congested with competing signals which interfere with one
  another. Additionally, satellites and ground-based receivers can only
  take so much information at one time. Any individual vessel might drop
  on and off the map owing to this hindrance. More satellites receiving
  AIS signals will help enhance the coverage, but they are limited by
  receiving the capacity.Scope of the Report

Vessel Based Platform to Account for Significant Share

• The expansion of the maritime industry is considerably increasing
  marine traffic. To ensure the smooth facilitation of trades and other
  services, it is essential for all the ships and vessels on the water
  to maintain proper maritime communication. Vessel-based AIS allows
  users to track marine traffic in real time, thereby reducing the risk
  of collisions during transits.
• Due to the increasing number of voyaging ships, the concern toward the
  safety of the people and goods in the vessel are more and this has
  enabled the adoption of the market.
• The increasing government regulations across several countries in
  favor of the installation of AIS system in vessels is a crucial factor
  influencing the growth of vessel-based AIS platform.
• The regions most likely to come under threat from pirate attacks
  include Indonesia, the Philippines, and Nigeria. Here, pirates are
  attracted by the abundance of natural resources in the countries
  themselves or in adjacent areas. Strategic passages for oil transport,
  such as Bab-el-Mandeb, near Somalia, or the Strait of Malacca off the
  Indonesian coast have become notorious targets for maritime crime. To
  overcome this problem and give importance to the protection of
  merchant ships and vessels, the AIS market is tending to grow in this
  segment by leveraging the Big Data provided by the AIS, which provides
  pivotal information, such as vessel identity, navigation status
  course, and other safety-related information.Asia-Pacific to Witness
  the Highest Growth Rate
• The automatic identification system market is expected to have a
  significant growth rate in the Asia-Pacific region. Due to the
  increasing number of ships in the Asia-Pacific region, there are high
  chances of immense port traffic to be encountered. Hence, controlling
  port traffic is essential by implementing proper measures.
• Government spending on marine products and services, increasing
  security threat, increasing the number of waterborne transportation
  and trade, and other tracking are the main reasons to witness a growth
  in this region.
• According to the Maritime Safety Administration, the integrated
  service of vessel traffic can cover all coastal and inland waters in
  China and other parts. According to the requirements of the
  international convention and relevant standard, the Maritime Safety
  Administration built a total of 402 land-based AIS stations in China,
  thereby covering the whole country's coastal and inland waters.
• Emerging countries, such as China, South Korea, India, and Japan are
  continuously increasing their defense budgets year-over-year to
  strengthen their national security.
• The government is also in action to improve these threat issues and
  are trying to implement more systems as in 2012 SAAB ( Aerospace and
  Defense Firm) implemented a national automatic identification system
  for India's coastline safety and security.

Competitive Landscape

The automatic identification system market is tending toward the
fragmented market as the market is dominated by the established players
in the market. Due to major innovations and an increase in partnerships
by the players with Homeland Security agencies, the market is leading to
a massive demand for AIS solutions among players. Key players in the
market are - Saab AB, Furuno Electric Co. Ltd, exactEarth Limited,
Orbcomm Inc., etc. The recent developments in the market are:

• February 2019 - Garmin will acquire the Dutch smart training company
  called Tacx to expand its reach into the indoor training market. This
  offers a ride simulation feature, including racing against other users
  online in one of six virtual worlds and the ability to prepare for a
  competition by importing GPS data in advance of the race route.
• October 2018 - The government of Canada planned to invest USD 7.2
  Million in exactEarth for over three years to support the development,
  management, and expansion of exactView RT, the company's real-time
  satellite-AIS service. This will further improve and enhance the
  exactView RT platform with the introduction of new real-time data
  services, analytics, and applications.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Drivers and Restraints

4.3 Market Drivers

4.3.1 Increased Maritime Traffic due to Many Collisions and Accidents

4.3.2 Improve Vessel Dwell Time and Port Performance for Operational
Efficiency

4.4 Market Restraints

4.4.1 Range and Reporting Capabilities Due to Many Vessels and Data
Points

4.5 Value Chain Analysis

4.6 Industry Attractiveness - Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Application

5.1.1 Fleet Management

5.1.2 Vessel Tracking

5.1.3 Maritime Security

5.1.4 Other Applications (Accident investigation and Infrastructure
Protection)

5.2 By Platform

5.2.1 Vessel-based Platform

5.2.2 On-shore Platform

5.3 Geography

5.3.1 North America

5.3.2 Europe

5.3.3 Asia-Pacific

5.3.4 Latin America

5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Saab AB

6.1.2 Furuno Electric Co. Ltd.

6.1.3 exactEarth Limited

6.1.4 Orbcomm Inc.

6.1.5 Garmin Ltd.

6.1.6 Kongsberg Gruppen ASA

6.1.7 True Heading AB

6.1.8 Japan Radio Company Ltd.

6.1.9 C.N.S. Systems AB

6.1.10 Transas Marine Limited

6.1.11 ComNav Marine Ltd

6.1.12 L3 Technologies Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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