Automatic Identification Systems

Automatic Identification Systems

Global Automatic Identification Systems Market to Reach US$442.6 Million by 2030

The global market for Automatic Identification Systems estimated at US$292.6 Million in the year 2023, is expected to reach US$442.6 Million by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. Class A Automatic Identification Systems, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$216.6 Million by the end of the analysis period. Growth in the Class B Automatic Identification Systems segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$82.9 Million While China is Forecast to Grow at 7.6% CAGR

The Automatic Identification Systems market in the U.S. is estimated at US$82.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$60.1 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.6% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Global Automatic Identification Systems Market - Key Trends & Drivers Summarized

Automatic Identification Systems (AIS) are advanced tracking systems used on ships and by vessel traffic services (VTS) to identify and locate vessels by electronically exchanging data with other nearby ships, AIS base stations, and satellites. AIS technology enables the transmission of a vessel`s identity, position, speed, and course, among other safety-related information, to all entities equipped to receive AIS data. This is particularly crucial for navigation safety, environmental protection, and efficient maritime traffic management, helping to avoid collisions and manage maritime traffic in congested sea lanes and harbors. AIS systems have become a fundamental component of maritime operations, mandated internationally on vessels above a certain size and all passenger ships under the regulations set by the International Maritime Organization (IMO).

The relevance of AIS has grown with the increase in global maritime trade and the heightened awareness of maritime safety. As shipping routes become busier and environmental safety regulations become stricter, the need for effective maritime traffic management technologies is more pronounced. AIS not only facilitates safer navigation through real-time tracking but also assists in search and rescue operations by providing accurate and timely location data. Moreover, the integration of AIS data with other systems such as electronic chart display and information systems (ECDIS) and collision avoidance systems enhances the overall situational awareness of maritime operators, allowing for informed decision-making in critical situations. The evolution of AIS technology has also led to its application in marine environmental protection, aiding in the monitoring and enforcement of environmental laws by tracking vessels’ movements in protected areas.

The growth in the Automatic Identification Systems market is driven by several factors, including advancements in digital communication technology, regulatory mandates, and the expanding scope of maritime operations. As technology evolves, the efficiency and capabilities of AIS equipment improve, offering enhanced data accuracy and reliability which are vital for safety in increasingly congested maritime spaces. Regulatory bodies worldwide continue to enforce stringent standards for maritime safety, which mandate the use of AIS in an expanding range of vessels and operational areas. Furthermore, the growing emphasis on environmental conservation within maritime contexts drives the adoption of AIS to ensure compliance with marine environment protection standards. Additionally, the expanding use of AIS data for maritime surveillance, fleet management, and logistical operations reflects broader trends in data-driven decision-making, reinforcing the continued importance and expansion of the AIS market globally.

Select Competitors (Total 155 Featured) -

• Bartronics India Ltd.
• Bartec Auto ID Ltd.
• Cobham SATCOM
• Bollore Group
• ACR Electronics, Inc. (Artex)
• Bluebird Inc.
• Convergence Systems Limited
• AIM Global
• ELA Innovation
• BTRANS
• APRYSO
• Bartech
• Antra ID Kft.
• Computers and Programming, sro (P&P)
• Blue Sea Systems

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