Automatic Identification System Market Overview:
Through the use of radio signals transmitted on specific VHF radio frequencies, the Automatic Identification System can identify and track the location of naval vessels. The Automatic Identification System (AIS) shows the volume of traffic in a given area and offers useful data on marine traffic, navigation, and the dangers that naval vessels operating in international waters must contend with. The Automatic Identification System Market has experienced tremendous growth as a result of the increasing preference for using the sea to begin international trade, changes in government policies relating to the mandatory installation of a radio system on naval vessels, unpredictable environmental changes in the sea, and an increase in piracy.
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In 2000, the International Maritime Organisation revised its policy on naval vessel requirements, making some significant updates to section V, which addresses the equipment needed by naval vessels. All ships must now have Automatic Identification Systems in order to stay in touch with the closest port authority and other ships in the area, per the International Maritime Organisation. The demand for Automatic Identification Systems has increased as a result of more nations joining the International Maritime Organisation and a growing preference for the secure transportation of goods and people via the naval platform.
According to a UNCTAD report released in July 2018, the naval platform facilitates more than 70% of the value and close to 80% of the volume of global trade. According to the same report, naval trade serves as the foundation of the modern economy and is a key factor driving developing nations to increase their foreign exchange reserves. The demand for Automatic Identification Systems in the 20th century has been driven by ports' growing need for fleet and traffic management systems and their increased reliance on maritime trade.
By Class A is expected to continue to be the dominant system used by the naval industry in the upcoming years due to its features that transmit and receive safety text messaging at a nominal transmit power of 12.5 watts and easy installation. The commercial maritime industry will demand more Class B Automatic Identification Systems by 2.6% from 2018 to 2021 due to the availability of features that only use 2 watts to transmit messages.
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Honeywell International Inc.
L3 Harris Technology Inc.
SRT Marine Systems PLC
Raytheon Technologies Corporation
FURUNO Electric Co., Ltd.
ONWA Marine Electronics Co., Ltd.
Japan Radio Co.
The competitive environment in the Automatic Identification System market should be known to every significant player. Operations, productions, and product portfolios are just a few of the significant topics covered in the research report. In-depth product and company profiles of the leading market participants in the Automatic Identification System market are provided in the report, along with SWOT analyses of each.
The user can fully comprehend the regional Automatic Identification System market thanks to the report's regional insights. An in-depth knowledge of regional energy, economic, political, and geographic factors is necessary for any meaningful assessment of potential policy options in response to the evolution of the global market. Users of our reports are able to understand regional insights that guarantee the market effects of Automatic Identification System, local growth prospects, and constraints at the level of a specific country.
Key Questions answered in the Automatic Identification System Market Report are:
Which product segment has the largest market share in the Automatic Identification System market?
What is the competitive scenario of the market Automatic Identification System like?
What are the main factors driving the growth of the Automatic Identification System market?
Which region has the maximum market share in the Automatic Identification System market?
What is the CAGR of the Automatic Identification System market during the forecast period?
Which application segment has established itself as the leading segment in the Automatic Identification System market?
Who are the major players in the Automatic Identification System market?
What are the major trends that are likely to emerge in the Automatic Identification System market in the coming years?
How big will the Automatic Identification System market be in 2029?
Which company has the largest market share Automatic Identification System?
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