Automatic Identification System Market

Automatic identification systems (AIS) are meant to allow onshore and offshore coastal authorities to communicate with each other. The system may provide dynamic, static, and journey data on a single ship to many ships in the area as well as local coastal authorities.

The Automatic Identification System market is expected to grow at a CAGR of 4.50 % to reach USD 377.07 million  in 2028.

Covid-19 Impact on the Global Automatic Identification Market

There has been a decrease in the import and export of items and goods to lessen the possibility of COVID-19 spreading. Furthermore, all building and ship repair and maintenance work has been halted due to the outbreak. This has an immediate influence on the automated identification system business. Furthermore, there was a shortage of raw materials essential for hardware manufacture due to supply chain disruptions and contract terminations to save costs. Due to the COVID-19 epidemic, all of these reasons impacted the growth of the automatic identification system industry.

The Class A segment Accounted for the largest market share

The Class A segment, with a market share of 39.1 percent in 2017, is expected to increase at a CAGR of 4.7 percent over the projected period. The need for class A AIS devices, which must send data every 10-15 seconds, is likely to rise as the number of big vessels in operation grows.

The North American Region is Expected to Dominate the Market

The North American region dominates the market for automatic identification systems. The region is known for its wide shoreline, which requires constant monitoring. Canada has the world's longest coastline, with 202,080 kilometres, according to the World Atlas. In addition, the US has a total shoreline length of 19,924 kilometres. Furthermore, as the area's business activity and trade expands, so does the need for marine safety and surveillance. The United States is one of the world's largest exporters, according to Reading Economics. As a consequence, increased trading activity across the region is likely to boost the market's growth over the projection period. In addition, the region is differentiated by a significant number of AIS solution providers, which adds to the region's strong market share and, as a consequence, the region dominates the market. As global tensions mount, governments throughout the world are concentrating on improving security. Several countries, including the United States, are particularly exposed to different threats that might jeopardise any country. As a consequence, the competent authorities alert vessel owners and cruisers of potential dangers. Furthermore, the government has made numerous investments to maintain marine safety throughout the years. Furthermore, the appropriate authorities in the region maintain a close eye on how the automated identification systems are used. For example, the US Coast Guard (USCG) reported an alarming spike in the number of commercial fishing vessels deactivating their AIS in January 2021. As a result, multiple accidents occurred, and officials found it impossible to perform search and rescue efforts.

Regulation 19 of the safety of life at sea (SOLAS) Chapter V mandates every ship to have shipborne navigational equipment, depending on the kind of ship. The International Maritime Organization (IMO) amended the criteria for navigational equipment carriage in 2000, passing a mandate requiring all ships to be fitted with automated identifying systems.

Increased need for rising safety concerns, efficient and effective coastal surveillance systems, and increasing government laws governing the usage of automatic identification systems may all contribute to the market's growth. This indicates that by 2028, the market value of automated identification systems will have increased by USD 377.07 billion.

Vessel traffic service providers utilize automatic identification systems to track the progress of ships and avoid collisions. Automated identification systems give information such as unique identity, course speed, and vessel position. This data is presented on the screen and is used to enhance the maritime radar system. The usage of transceivers aboard ships is part of an automated identifying system. It's simple to keep track of vessels equipped with transceivers. Obviously, if automated identification systems are implemented improperly or if the automated identification system is switched off, there will be no information exchange. As a result, it must be switched on all of the time, with the exception of a few emergency situations.

The increase in international trade and marine traffic is one of the key factors driving the growth of the automated identification system market. Another key element driving demand for automatic identification systems is the growing requirement for vessel safety and security, as well as the growing demand for effective traffic control and management systems. Rapid globalization, or, to put it another way, the integration and connectivity of nations, is also driving up demand for automated identification systems. The automated identification system market will continue to benefit from rising technical improvements in navigation and marine traffic management systems.

On the other hand, the high costs of installation, operation, and maintenance of this technology will pose a substantial impediment to the automatic identification system market's development rate. The automatic identification system market's growth rate will be slowed further by technical issues such as tracking the range and reporting capabilities.

The automated identification system's market competitive landscape provides information on each competitor. The facts offered include a corporate overview, product width and breadth, revenue generated, financials, market potential, new market initiatives, R&D investment, regional presence, product launch, firm strengths and weaknesses, and application dominance. The preceding data solely pertains to the businesses' focus on the market for automatic identification systems.

The major players covered in the automatic identification system market report are Saab, exactEarth., ORBCOMM, KONGSBERG, FURUNO ELECTRIC CO., LTD., L3Harris Technologies, Inc., Garmin Ltd., CNS Systems, Wärtsilä, Japan Radio Co., COMNAV, FLIR Systems, Inc., True Heading, Jotron., ACR Electronics, Inc., Honeywell International Inc., Raytheon Technologies Corporation, ONWA MARINE ELECTRONICS CO. LTD., SRT Marine Systems plc (SRT), and Thales Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.

Recent Innovations in the Global Automatic Identification System Market:

• August 2021: Jotron, a manufacturer of safety goods and systems, has released the Tron AIS TR-8000 MkII, an enhanced automatic identification system (AIS) for the maritime industry. The AIS is intended for use on inland waterways and complies with Bridge Alert Management (BAM) guidelines. The system also includes blue flag information broadcasts for safe passage on European interior waterways.

Automatic Identification System Market Scope

Key Segments of the Global Automatic Identification System Market

Class Overview (USD Million)

• Class A
• Class B
• AIS Base Stations

Regional Overview, (USD Million)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

South America

• Mexico
• Brazil
• Rest of South America

Middle East and South Africa