- 15 March 2019 22:48
The Major Factor Driving Growth of the Global Automatic Identification System Market is Rising Safety Concerns in Globe
Automatic identification system (AIS) is a maritime communications device which functions as an automatic tracking system used for avoiding collision on ships by the vessel traffic services. It automatically transmits their identity, position, course, speed and destination to each other and to coast stations. This information can be used by other ships to take account of their movements and by coast stations for coastal surveillance and vessel traffic management.
The mandatory regulation by International Maritime Organization to use AIS due to rising safety concerns is a key factor driving growth of the global Automatic Identification System Market. The regulation requires AIS to be fitted aboard all ships of 300gt and upwards engaged on international voyages, cargo ships of 500gt and upwards not engaged on international voyages and all passenger ships irrespective of size. The requirement became effective for all ships in December, 2004. In addition, with the increasing world trade there is increase in marine traffic which are other factors expected to fuel growth of the global automatic identification system market over the forecast period.
The Automatic Identification System Market is segmented on the Basis of class, Platform and regions. On the basis of class, the global market is segmented into Class A, Class B, AIS Base Stations. The Class A segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of Platform, the global market is segmented into Vessel-Based, Onshore-Based. The Onshore-Based segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Furuno Electric Co. Ltd, Japan Radio Co. Ltd., Saab, Transponder Tech AB, ExactEarth Ltd., ORBCOMM Inc., StormGeo, Iridium Communications Inc., Thales Group, Garmin International, Raytheon Marine GmbH