Automatic Identification System Market

Automatic Identification System Market

Growth Factors of Automatic Identification System Market

The automatic identification system market size was valued at USD 275.0 million in 2023, and the market is now projected to grow from USD 289.2 million in 2024 to USD 504.7 million by 2032, exhibiting a CAGR of 7.2% during the forecast period of 2024-2032.

During the COVID-19 pandemic, the military and shipbuilding sectors confronted demanding situations which include employee isolation, manufacturing unit halts, and interrupted delivery networks. Shipbuilding investments fell, impacting offshore operations and marine change offerings. Shipbuilding decreased, lowering the demand for automated figuring out systems. Many small marine corporations failed as demand declined and economic problems arose.

The development of vessel tracking and monitoring technologies anticipates worldwide maritime exchange and supply networks, the use of satellite AIS, Internet of things, and Big Data for extraordinary visibility and control. The Internet of Things (IoT) is the subsequent generation of internet connection primarily based on the Internet Protocol (IP). It automates the use of data from sensors or connected gadgets across stressed networks. AIS will play an important function in maritime IoT as selection-making systems turn out to be increasingly more critical. As an end result, greater growth rates are predicted for the duration of the projection period.

The integration of space-borne SAR and AIS for ship monitoring is gaining popularity. Currently, there is an increasing demand for space-borne identifying systems. As additional satellites have AIS payloads, software and hardware are being developed to drive automatic identification system market growth in the future years.

Comprehensive Analysis of Automatic Identification System Market

The automatic identity device marketplace is segmented into class A AIS, class B AIS, and AIS-based stations. Class A AIS is ruled with the aid of the International Maritime Organization (IMO) for vessels of 300 gross tonnages and upwards engaged in global voyages, at the same time as class B AIS is emerging because of its use by using leisure and smaller industrial vessels. The marketplace is segmented into transmitters, receivers, crucial processing devices, and show. The receiver segment is growing due to improvements in radars and satellite conversation services, whilst the critical processing unit is critical for immediate, efficient, and actual-time information. The platform section is airborne, shipborne, and offshore-based, with shipborne platforms experiencing better CAGR due to increased naval and maritime sports. The application phase includes fleet management, vessel tracking, maritime protection, seek and rescue, and different applications.

The Asia Pacific region lead the automatic identification system market share by benefitting a market size of USD 83.1 million in 2023 due to marine commerce and economic development in the area. Asia accounted for 65% of worldwide container port traffic and is a leader in container port cargo handling. The well-developed shipbuilding sector, which manufactures complicated naval vessels such as ferries, cruise ships, mega yachts, and submarines, is responsible for the expansion. The continuing territorial disputes between China, India, and Pakistan have further raised the market for defensive equipment.

The AIS market is dominated by organizations like ExactEarth Ltd, Orbcomm Inc., and Gramin, which awareness on developing superior maritime visitor solutions. They are expanding their international reach, together with partnering with ORBCOMM in May 2021 to provide maritime surveillance services for authorities and industrial AIS clients. Other key agencies include Furuno Electric Co. Ltd, Japan Radio Co. Ltd., Saab AB, ExactEarth Ltd, Orbcomm Inc., Garmin Ltd, Kongsberg Gruppen ASA, True Heading AB, C.N.S. Systems AB, Wartsila OYJ Abp, ComNav Marine Ltd, and L3Hariss Technologies Inc.

In April 2024, SASEMAR, underneath the Spanish Ministry of Transport and Sustainable Mobility, chose Cellnex Spain to guarantee maritime protection in Spain. Cellnex has acquired an agreement with Maritime Rescue for Automatic Identification System (AIS) statistics provision. Satellite AIS insurance has been increased with a new online map carrier supplying global coverage. Cellnex's five-year deal for nearly USD 6.4 million highlights the employer's sizeable contribution to enhancing marine safety infrastructure in Spain.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.2% from 2024 to 2032

Unit Value (USD Million)

Segmentation

By Class

- Class A AIS

- Class B AIS

- AIS-based Stations

By Platform

- Shipborne

- Airborne

- Offshore-based Platform

By Application

- Fleet Management

- Vessel Tracking

- Maritime Security

- Search and Rescue

- Other Application

By Component

- Transmitter

- Receivers

- Central Processing Unit

- Display

- Others

By Geography

- North America (By Class, Platform, Application, Component, and Country)

• U.S. (By Application)
• Canada (By Application )

- Europe (By Class, Platform, Application, Component, and Country)

• U.K. (By Application )
• Germany (By Application )
• France (By Application )
• Russia (By Application )
• Rest of Europe (By Application )

- Asia Pacific (By Class, Platform, Application, Component, and Country)

• China (By Application )
• India (By Application )
• Japan (By Application )
• Rest of Asia Pacific (By Application )

- Middle East & Africa (By Class, Platform, Application, Component, and Sub-Region)

• GCC (By Application )
• South Africa (By Application )
• Rest of Middle East & Africa (By Application )

- Latin America (By Class, Platform, Application, Component, and Sub-Region)

• Brazil (By Application )
• Mexico (By Application )
• Rest of Latin America (By Application )


Please Note: It will take 5-6 business days to complete the report upon order confirmation.