Global AIS Transponder Market Growth 2023-2029

Global AIS Transponder Market Growth 2023-2029

An Automatic Identification System Market is designed to enable two-way communication between various vessels and onshore-based coastal authorities. The system is capable of providing static, dynamic, and voyage data about a ship to other ships in the vicinity and to nearby coastal authorities.
There are two classes of AIS unit fitted to vessels, Class A and Class B. Class A units are a mandatory fit under the safety of life at sea (SOLAS) convention to vessels above 300 gross tons or which carry more than 11 passengers in International waters. Many other commercial vessels and some leisure craft also fit Class A units. Class B units are currently not a mandatory fit but authorities in several parts of the world are considering this. Class B units are designed for fitting in vessels which do not fall into the mandatory Class A fit category.
LPI (LP Information)' newest research report, the “AIS Transponder Industry Forecast” looks at past sales and reviews total world AIS Transponder sales in 2022, providing a comprehensive analysis by region and market sector of projected AIS Transponder sales for 2023 through 2029. With AIS Transponder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AIS Transponder industry.
This Insight Report provides a comprehensive analysis of the global AIS Transponder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AIS Transponder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global AIS Transponder market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AIS Transponder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AIS Transponder.
The global AIS Transponder market size is projected to grow from US$ 50 million in 2022 to US$ 79 million in 2029; it is expected to grow at a CAGR of 79 from 2023 to 2029.
SRT Marine and Alltek Marine are the top two manufacturers in the AIS Transponder market in 2019. SRT Marine dominated with 22.95% global revenue share, followed by Alltek Marine with 21.07% global revenue share. Other key players include Furuno, Navico, Garmin, Icom, Japan Radio Company, Vesper Marine, Comnav Marine, True Heading and among others.
On the basis of region, APAC is the largest market segment of AIS Transponder, with a consumption market share over 77% in 2019, China, Japan, and South Korea play an important role in APAC Region. Europe followed APAC with a consumption market share of 9.48% in 2019.
Class A Marine AIS, which is targeted at large commercial vessels. While Class B Marine AIS is aimed at the lighter commercial, leisure and fishing vessels markets. AIS Transponder used in industry including Merchant Marine, Recreational Boats, and Fishing Vessels etc. Report data showed that 36.03% and 42.10% of the AIS Transponder market demand in Merchant Marine and Fishing Vessels in 2019, respectively.
This report presents a comprehensive overview, market shares, and growth opportunities of AIS Transponder market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Class A Marine AIS
Class B Marine AIS
Segmentation by application
Merchant Marine
Recreational Boats
Fishing Vessels
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SRT Marine
Alltek Marine
Furuno
Navico
Garmin
Icom
Japan Radio Company
Vesper Marine
Comnav Marine
True Heading
Kongsberg Gruppen ASA
Transas Marine Limited (Wärtsilä)
SAAB AB
Raymarine
Weatherdock AG

Key Questions Addressed in this Report
What is the 10-year outlook for the global AIS Transponder market?
What factors are driving AIS Transponder market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do AIS Transponder market opportunities vary by end market size?
How does AIS Transponder break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.