The report provides market analysis for the global Automatic Identification System market over the next six years (2014-2020), which includes the study of the AIS by platform, class, and application.
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The report details the competitive landscape with respect to identification of key players and their market share globally and regionally. Strategic profiling of the key players of the market, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment has been carried out. The company profiles include the financial details, developments with respect to the market, and their geographic trends. Key players profiled in the report are Furuno Electric Co. Ltd (Japan), Japan Radio Co. Ltd. (Japan), Saab Transponder Tech AB (Sweden), exactEarth (Canada), and ORBCOMM (U.S.) among others.
APAC market is expected to contribute largely in terms of procurement and manufacturing, among the analyzed regions. The emerging economies in Asia-Pacific, Latin America, and Africa are expected to be the prospective markets during the forecast period.
Evolution of marine transport and fundamental changes in international trade has had a direct impact on the development of new technologies needed to manage the growing marine traffic. Globalization is considered to be the most important factor that has built and expanded the marine transport industry to what it is today.
Increasing world trade and growing marine traffic are considered as the major factors leading to the transformation of marine transport. Over the last few years, the use of the AIS has witnessed a drastic increase. The concerned authorities made significant investments to integrate the system into ships, which helped in reducing marine accidents and enhancing marine traffic management.
The global market for AIS has been bifurcated on the basis of platforms (vessel-based and onshore-based), on the basis of Classes (Class A, Class B, and AIS Base Stations), on the basis of applications (fleet management, vessels tracking, maritime security, and other applications) and by geography, including major region and countries.
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An Automatic Identification System Market is designed to enable two-way communication between various vessels and onshore-based coastal authorities. The system is capable of providing static, dynamic, and voyage data about a ship to other ships in the vicinity and to nearby coastal authorities. According to the Regulation 19 of SOLAS (safety of life at sea) chapter V, every ship needs to integrate shipborne navigational equipment, depending upon the type of ship. In 2000, International Maritime Organization (IMO) revised the requirement of carriage of navigational equipment and passed a mandate which states that all ships should be equipped with automatic identification systems.
The total market for AIS in this specific region is projected to have a larger share compared to other regions. It is reported that large-scale terrestrial AIS development program, implemented by the concerned authorities in this specific region, is the major factor that will drive the demand of automatic identification systems, further fuelling the growth of the market.