Dublin, July 03, 2023 (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 estimated at US$250 Million in the year 2022, is projected to reach a revised size of US$392.7 Million by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.
Class A, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$193.5 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Class B segment is readjusted to a revised 5.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $79.4 Million, While China is Forecast to Grow at 7.4% CAGR
The Automatic Identification Systems market in the U.S. is estimated at US$79.4 Million in the year 2022. 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 7.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Select Competitors (Total 155 Featured) -
- C.N.S. Systems AB
- ComNav
- exactEarth Ltd.
- Furuno Electric Co., Ltd.
- Garmin Ltd.
- Honeywell International Inc.
- Jotron AS
- Kongsberg Gruppen ASA
- Onwa Marine Electronics Co. Ltd.
- ORBCOMM, Inc.
- SAAB AB
- SRT Marine Systems plc
- Teledyne FLIR LLC
- True Heading AB
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 622 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $250 Million |
| Forecasted Market Value (USD) by 2030 | $392.7 Million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Automatic Identification Systems - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- AIS Market to Come Out from Sea of Challenges Brought by COVID-19 Pandemic
- Impact of Pandemic on Underwater Sound Levels
- 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
- Analysis by Class
- World Automatic Identification Systems Market by Class (2021 & 2027): Percentage Breakdown of Sales for Class A, Class B, and AIS Base Stations
- Analysis by Platform Type
- World Automatic Identification Systems Market by Platform (2021 & 2027): Percentage Breakdown of Sales for Vessel-based, and Onshore-based
- Analysis by Application
- World Automatic Identification Systems Market by Application (2021 & 2027): Percentage Breakdown of Sales for Maritime Security, Vessel Tracking, Fleet Management, and Other Applications
- Regional Analysis
- World Automatic Identification Systems Market by Region: Percentage Breakdown of Sales for Developed and Developing Regions (2021 & 2027)
- World Automatic Identification Systems Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: 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 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. 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
- World Seaborne Trade (in Billions of Cargo Ton Miles) for the Years 2015, 2017 and 2019
- World Cruise Passengers (in Millions) for the Years 2010, 2015 and 2019
- Steady Growth in Seaborne Trade Volumes Drives Demand for Automatic Identification System
- Seaborne Trade Outlook: Projected Seaborne Trade Volume in Billion Tons for the Years 2020, 2025, 2030 and 2035
- Rise in Number of Container Ships and Gas Carrier Marine Freight Worldwide: An Opportunity for the Market
- Percentage Share Breakdown of World Fleet in Dead-Weight Tonnage by Principal Vessel Type: 2000, 2010 & 2018
- Expanding Fleet of Cruise Liners Presents Favorable Outlook for AIS Market
- Global Luxury Yacht Market (In US$ Billion) for the Years 2018, 2021 and 2024
- Total Number of Cruise Ships in Service for the Years 2019, 2020, 2023 & 2026
- Shipbuilding Activity Trends Influence Dynamics of Automatic Identification System Market
- New Orders for Standard Vessels Market Worldwide: Percentage Breakdown of Deadweight tonnage (DWT) by Vessel Type for 2018 and 2020
- 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
- Offshore Oil and Gas Exploration & Production Expenditure Worldwide by Segment (2015-2019): Percentage Breakdown of Expenditure for Drilling, Engineering, Procurement, Construction, Installation (EPCI), Life of Field, Offshore Supply Vehicle, and Subsea
- Breakdown of Global Oil Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2019
- Subsea Capital Expenditure Worldwide by Depth of Installation (2019 & 2022): Percentage Breakdown of CAPEX for Installations at Depth of Below 99 Meters, 100-499, 500-999, 1000-1499, and 1500 Meters and Above
- 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
- Global Military Expenditure by Key Regions in US$ Million (2011-2019)
- Fast Evolving Role of Unmanned Vessels Bodes Well
- Disruptions in Military Training and Defense Budget Cuts Amidst the Pandemic
- Infection Spread Disrupts Military Personnel Training & Troop Deployment: Cumulative Number of COVID-19 Cases Across the Defense Department in the U.S. in May, June, September & November 2020
- Projected Defense Budget (In US$ Billion) for the Years 2021 and 2023
- Military Expenditure as a % of GDP in Select Countries
- 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2ml5q4
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