Automatic Identification System Market Growth, Size, Demand, Technologies and Future Trends
Automatic Identification System Market Size- By Application, By Platform- Regional Outlook, Competitive Strategies, and Segment Forecast to 2033
| Published: May-2023 | Report ID: IACT2398 | Pages: 1 - 214 | Formats*: |
| Category : Information & Communications Technology | |||
Global Automatic Identification System Market Overview
According to SPER Market Research, the Global Automatic Identification System Market is estimated to reach USD 0.528 billion by 2033 with a CAGR of 6.19%.
The global Automatic Identification System (AIS) market is a growing sector that is expected to continue its upward trend in the coming years. AIS is a communication technology used in the marine industry for ship-to-ship and ship-to-shore communications. It uses transponders to broadcast a ship's location, course, and speed to other vessels and coastal stations. The increasing demand for AIS from the shipping industry and the need for enhanced maritime security and safety are driving market growth. The integration of AIS with other technologies such as radar and GPS is further fuelling the market growth. North America and Europe are currently the largest markets for AIS due to the high concentration of shipping activities in these regions. However, the Asia Pacific region is expected to witness significant growth due to the increasing investments in the shipping industry and the implementation of new regulations by governments to improve maritime safety.
Exploring the Growth Drivers of the Global Automatic Identification System Industry
The global automatic identification system industry has experienced robust growth in recent years and is expected to continue its upward trajectory in the coming years. The industry is being driven by several key factors, including the increasing demand for automated solutions across various industries such as manufacturing, healthcare, retail, and logistics. The need for improved efficiency, accuracy, and cost reduction is driving the adoption of automatic identification systems. Another significant driver of the industry's growth is the rapid technological advancements being made in the sector. Innovations such as RFID, NFC, and barcode scanners are driving the development of advanced automatic identification systems, enhancing their efficiency, accuracy, and versatility. Moreover, the adoption of automatic identification systems by governments worldwide is contributing to the industry's growth. Governments invest in automated solutions to improve operations, streamline processes, and reduce costs.
What challenges does the Global Automatic Identification System Market face?
While the global automatic identification system (AIS) market is experiencing robust growth, it is not without its challenges. One significant challenge facing the market is the high implementation cost of AIS solutions, which may be prohibitive for some companies, particularly small and medium-sized enterprises. Another challenge is the lack of standardization across different AIS technologies, leading to compatibility issues between different systems. This fragmentation of the market can make it difficult for companies to adopt AIS solutions that meet their specific needs. Additionally, concerns over data privacy and security are also a challenge for the AIS market. Companies must ensure that they comply with data privacy regulations and take adequate measures to safeguard sensitive data.
In what ways has the COVID-19 pandemic affected Global Automatic Identification System Market?
The COVID-19 pandemic has had a mixed impact on the global automatic identification system (AIS) market. While the pandemic led to a temporary slowdown in some industries, it also accelerated the adoption of AIS solutions in others. Industries such as healthcare, logistics, and e-commerce saw an increased demand for AIS solutions to support their operations during the pandemic. AIS solutions helped these industries track inventory, monitor supply chains, and ensure the safe and efficient distribution of goods and services. On the other hand, the pandemic resulted in a decline in demand for AIS solutions in certain industries such as automotive and aerospace, as production was disrupted and demand decreased.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Platform. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Furuno Electric Co. Ltd, Exact Earth Ltd, Orbcomm Inc, Garmin Ltd, Kongsberg Gruppen ASA, True Heading Ab, Wartsila OYJ Abp, ComNav Marine Ltd, L3 Technologies Inc. |
Key Target Audience:
- Shipping and maritime companies
- Government agencies
- Venture Capitalists
- Academic institutions
- Others
Global Automatic Identification System Market Segmentation:
1. By Application:
- Global Automation Identification System Market Value Share and Forecast, By Application, 2023-2033
- Application By Value
- Fleet Management
- Vessel Tracking
- Maritime Security
- Accident Investigation
- Infrastructure Protections
2. By Platform:
- Global Automation Identification System Market Value Share and Forecast, By Platform, 2023-2033
- Vessel-Based
- On Shore
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Automatic Identification System Market Size (FY’2023-FY’2033)
- Overview of Global Automatic Identification System Market
- Segmentation of the Global Automatic Identification System Market By Application (Application By Value, Fleet Management, Vessel Tracking, Maritime Security, Accident Investigation, Infrastructure Protection)
- Segmentation of the Global Automatic Identification System Market By Platform (Vessel-Based, On-Shore)
- Statistical Snap of Global Automatic Identification System Market
- Growth Analysis of the Global Automatic Identification System Market
- Problems and Challenges in Global Automatic Identification System Market
- Competitive Landscape in the Global Automatic Identification System Market
- Impact of COVID-19 and Demonetization on Global Automatic Identification System Market
- Details on Recent Investment in Global Automatic Identification System Market
- Competitive Analysis of the Global Automatic Identification System Market
- Key Players in the Global Automatic Identification System Market
- SWOT Analysis of Global Automatic Identification System Market
- Global Automatic Identification System Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst.
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOLs2.2. Market size estimation2.2.1. Top-down and Bottom-up Approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity, and Challenges Analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts on the Global Automation Identification System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automation Identification System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automation Identification System Market
7. Global Automation Identification System Market, By Application (USD Million)
7.1. Global Automation Identification System Market Value Share and Forecast, By Application, 2023-20337.2. Application By Value7.3. Fleet Management7.4. Vessel Tracking7.5. Maritime Security7.6. Accident Investigation7.7. Infrastructure Protections
8. Global Automation Identification System Market, By Platform (USD Million)
8.1. Global Automation Identification System Market Value Share and Forecast, By Platform, 2023-20338.2. Vessel-Based8.3. On Shore
9. Global Automation Identification System Market Forecast, 2019-2033 (USD Million)
9.1. Global Automation Identification System Market Size and Market Share
10. Global Automation Identification System Market, By Application, 2019-2033 (USD Million)
10.1. Global Automation Identification System Market Size and Market Share by Application (2019-2026)10.2. Global Automation Identification System Market Size and Market Share by Application (2027-2033)
11. Global Automation Identification System Market, By Platform, 2019-2033 (USD Million)
11.1. Global Automation Identification System Market Size and Market Share by Platform (2019-2026)11.2. Global Automation Identification System Market Size and Market Share by Platform (2027-2033)
12. Global Automation Identification System Market, By Region, 2019-2033 (USD Million)
12.1. Global Automation Identification System Market Size and Market Share by Region (2019-2026)12.2. Global Automation Identification System Market Size and Market Share by Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Furuno Electric Co. Ltd13.1.1. Company details13.1.2. Financial outlook13.1.3. Product Summary13.1.4. Recent developments13.2. Exact Earth Ltd13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Orbcomm Inc13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Garmin Ltd13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Kongsberg Gruppen ASA13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. True Heading AB13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Japan Radio Company Ltd13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. CNS Systems AB.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Wartsila OYJ Abp13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. ComNav Marine Ltd13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automatic Identification System Market is projected to reach USD 0.528 billion by 2033, growing at a CAGR of 6.19% during the forecast period.
Automatic Identification System Market grew in market size from 2023. The Market is expected to reach USD 0.528 billion by 2033, at a CAGR of 6.19% during the forecast period.
Automatic Identification System Market CAGR of 6.19% during the forecast period.
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Automatic Identification System Market size is USD 0.528 billion from 2023 to 2033.
Automatic Identification System Market Segment is Covered By Application, By Platform.
The North America region is anticipated to have the highest market share in Automatic Identification System Market.
The key players in the market include Companies Covered Furuno Electric Co. Ltd, Exact Earth Ltd, Orbcomm Inc, Garmin Ltd, Kongsberg Gruppen ASA, True Heading Ab, Wartsila OYJ Abp, ComNav Marine Ltd, L3 Technologies Inc.
The industry is being driven by several key factors, including the increasing demand for automated solutions across various industries such as manufacturing, healthcare, retail, and logistics.
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