Automatic Identification System Market Size, Growth, Trends and Global Segments

The automatic identification system market was valued at USD 244.36 million in 2019 and is expected to reach USD 331.06 million by 2025, at a CAGR of 5.6% during the forecast period from 2020 to 2025. An increase in world trade and growth in marine traffic resulted in the transformation of maritime transport. According to UNCTAD, the number of unloaded goods reached 11002.2 million metric tons in 2018 compared to 8443.83 million metric tons in 2010. Thus, over the last few years, the use of automatic identification systems (AIS) witnessed a rapid increase. The concerned government authorities worldwide have made considerable investments to integrate the AIS (Automatic Identification Systems) into ships to reduce marine accidents and enhance marine traffic management.

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– Since August 2019, the Ministry of Transportation of The Republic of Indonesia made it mandatory for vessels sailing in Indonesian waters to install and activate an AIS. All Indonesian flagged vessels, to which SOLAS applies, are required to have onboard a functional AIS Class A, while the others will have a class B. The increase in the use of AIS for new maritime applications is a growing trend in the market. First, it was used for deployment on vessels for safety and collision avoidance, but the flexibility of AIS technology enables applications, like aids to navigation (ATON). ATON, an AIS transceiver, is highly capable and cost-efficient navigation to enhance the maritime domain awareness for the authorities.
– In February 2020, Supply chain technology company partnered with DNV GL and the National University of Singapore’s (NUS) Department of Statistics and Applied Probability on a new project that aims to predict illegal bunker activity by analyzing vessel AIS data patterns. 

Key Market Trends

Fleet Management is Expected to Hold Significant Share

– The increase in global trade and oil demand is the reason for large global fleets. Currently, shipping operators and oil companies operate a large number of fleets. According to data published by Alphaliner for the top 100 shipping companies, only one shipping company operated less than five ships in its fleet. Companies, like Maersk, MSC Mediterranean Shipping Company, COSCO Group, and CMA CGM Group, had more than 500 ships in their fleet, as of March 2019. However, with the growing number of ships, it has become difficult for shipping companies to manage and analyze these large fleets, as the reporting requirement and emission standards are continuously evolving around the world.

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Christophe Rude

Christophe Rude

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