Dublin, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The "Automatic Identification Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Automatic Identification Systems is estimated at US$292.6 Million in 2023 and is projected to reach US$442.6 Million by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Class A Automatic Identification Systems segment, which is expected to reach US$216.6 Million by 2030 with a CAGR of a 6.5%. The Class B Automatic Identification Systems segment is also set to grow at 6.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $82.9 Million in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $60.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Bartronics India Ltd., Bartec Auto ID Ltd., Cobham SATCOM, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 622 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $292.6 Million |
| Forecasted Market Value (USD) by 2030 | $442.6 Million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Automatic Identification Systems - Global Key Competitors Percentage Market Share in 2024 (E)
- An Introduction to Automatic Identification Systems (AIS)
- Global Market Prospects & Outlook
- AIS-Powered Nowcasts for Effective Tracking of Seaborne Trade to Open New Avenues for AIS Technology
- Inconsistent Data Quality Remains Key Restraint for AIS Market
- World Automatic Identification Systems Market by Class (2024 & 2030): Percentage Breakdown of Sales for Class A, Class B, and AIS Base Stations
- World Automatic Identification Systems Market by Platform (2024 & 2030): Percentage Breakdown of Sales for Vessel-based, and Onshore-based
- World Automatic Identification Systems Market by Application (2024 & 2030): Percentage Breakdown of Sales for Maritime Security, Vessel Tracking, Fleet Management, and Other Applications
- World Automatic Identification Systems Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2024 & 2030)
- World Automatic Identification Systems Market - Geographic Regions Ranked by CAGR (Value) for 2023-2030: China, Asia-Pacific, Rest of World, USA, Europe, Canada, and Japan
- India for Inclusion of AIS-Related Clauses in its New Maritime Contracts
- Recent Market Activity
- Select Global Brands
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Diverse Application Areas Promise Growth of the AIS Market
- AIS and CAS Gain Traction in Maritime Applications
- Positive Outlook for Maritime Transport to Augment Growth of AIS Market
- AIS Becomes New Norm in Maritime Industry for Real-Time Vessel Tracking
- Rising Commercial & Recreational Maritime Activity: Opportunity Indicator for AIS
- Steady Growth in Seaborne Trade Volumes Drives Demand for Automatic Identification System
- Rise in Number of Container Ships and Gas Carrier Marine Freight Worldwide: An Opportunity for the Market
- Expanding Fleet of Cruise Liners Presents Favorable Outlook for AIS Market
- Shipbuilding Activity Trends Influence Dynamics of Automatic Identification System Market
- Transmission of Environmental Information over AIS for Ensuring Navigational Safety
- Automatic Identification System Gains Traction in Climate Recording Applications
- Reporting Weather Observations Using AIS Transmitters
- Real-time Monitoring of Ship Response to Major Storm Events
- Novel Opportunities Identified in Hydrography Survey Projects
- Automatic Identification Systems Steps In to Simplify Harbor Monitoring
- Emphasis on Migration from Onshore to Offshore Oilfield Operations to Augment Long-Term Growth Prospects
- Critical Importance of Tracking System in Offshore Environments Augurs Well for Future Growth
- Global Subsea Systems Market in US$ Thousand: 2018-2025
- Technology Use in Oil and Gas Industry: % of Companies Using Technology in Operations
- Naval Defense Emerge as a Key End-Use Sector
- Fast Evolving Role of Unmanned Vessels Bodes Well
- Disruptions in Military Training and Defense Budget Cuts Amidst the Pandemic
- AIS Evolution in Full Swing with Regulatory Support & Technological Progress
- Select Technological Advancements
- AIS Spoofing Menace Highlights Need for AI to Help Businesses Stay on Top of Game
- Automatic Identification System Data: The Promises and Drawbacks
- Challenges in the AIS Domain
FOCUS ON SELECT PLAYERS(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
For more information about this report visit https://www.researchandmarkets.com/r/tvfwxr
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