AIS market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period. The major factor driving the demand for automatic identification systems includes rapid globalization, international trade, and vessel traffic, rising safety concerns, and increasing regulations imposed by the government for the application of automatic identification systems. Also, the rapid evolution of navigation systems and the growing adoption of advanced technology in a global maritime communication network are some of the other factors anticipated to fuel the demand for the market. For instance, in October 2021, Saab AB entered a memorandum of understanding (MoU) to cooperate with ORBCOMM and AAC Clyde Space AB to develop the next generation of global maritime communication services based on a VHF Data Exchange System (VDES). Both companies, collaborating under a new brand named AOS, aim both for services directed to end customers as well as for the safety of navigation services. The goal of the consortium is to create a global maritime communication network enabling ship-to-ship and ship-to-shore communication across the globe.
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Among the application segment, the maritime security sub-segment is anticipated to register significant growth in the forecast period. The growth of the maritime security sub-segment is attributed to the factors such as the growing geopolitical issues relating to maritime water use, growing maritime commercial activities, and the growing launch of new and integrated solutions for maritime security. For instance, in August 2022, ClassNK granted its innovation endorsement for products & solutions to the 3D Bird View System developed by FURUNO ELECTRIC CO., LTD. 3D Bird View is a system that uses Virtual Reality (VR) technology to display the information required for safe ship navigation, providing spatial vision support (3rd person view) to mariners. In addition to chart information, and using a combination of data from Radar, AIS information, risk of collision areas, and others, it displays a bird’s eye view of the area around the ship.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automatic Identification System (AIS) Market Report Segment
By Platform
- Vessel-based
- On-shore
By Application
- Fleet Management
- Vessel Tracking
- Maritime Security
- Other Applications
o Accident investigation
o Infrastructure Protection
Global Automatic Identification System (AIS) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automatic identification system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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