Automatic Identification System Market: Industry Expected to Experience a Positive Growth till 2031 | Orbcomm Inc, Furuno Electric Co. Ltd, Exactearth Ltd, Kongsberg Gruppen ASA

The Automatic Identification System Market is anticipated to reach USD 689.4 Million by 2031 from USD 410.2 Million in 2022, at a CAGR of 7.7% during the forecast period.

DataM Intelligence has published a new research report on "Automatic Identification System Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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An Automatic Identification System (AIS) is a maritime safety system that automatically transmits real-time information about a vessel's position, speed, course, and other navigational data to nearby ships, coastal authorities, and satellites. AIS helps prevent collisions by enhancing situational awareness, especially in congested waters or poor visibility conditions. It uses VHF radio signals to communicate data, and is widely used on commercial ships, fishing vessels, and passenger boats. AIS also aids in vessel tracking, search and rescue operations, and maritime traffic management.

Key Developments:

In June 2022, the Singapore Maritime Institute (SMI) and the National Research Foundation Singapore partnered on the Rightship Maritime Artificial Intelligence (RMAI) research and development initiative. This collaboration aims to advance AI-based vessel risk profiling, with Rightship offering a research grant of up to US$ 4.5 million to over 80 Singaporean AI professionals as part of a potential working proposal.

In June 2022, Accelleron (formerly ABB Turbocharging) signed two new data collection and analysis collaborations with Hoppe Marine and Danelec Marine. The joint service with Danelec will combine Accelleron's Tekomar XPERT performance analysis system and the DanelecConnect maritime IoT product to provide real-time operational data.

In May 2022, at the Tokyo summit, QUAD leaders announced plans to launch several initiatives, including a marine security partnership to monitor illegal fishing, "black ships," and other tactical-level activities. This initiative aims to track dark shipping and sea rendezvous.

Research Process:

Both primary and secondary data sources have been used in the global Automatic Identification System Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Automatic Identification System Market:

Orbcomm Inc, Furuno Electric Co. Ltd, Exactearth Ltd, Kongsberg Gruppen ASA, SAAB Transponder Tech AB, L-3 Communications Holdings Inc., Garmin International Inc, Honeywell International Inc, Raytheon Ltd. and CNS Systems AB.

Segment Covered in the Automatic Identification System Market:

By Class: Class A, Class B, AIS Base Station

By Platform: Vessel Based, Onshore Based

By Application: Fleet Management, Vessel Tracking, Maritime Security, Others

Regional Analysis:

The global Automatic Identification System Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Automatic Identification System Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Automatic Identification System Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Automatic Identification System manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Automatic Identification System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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The research study aims to address the following key questions:

➡What is the expected growth rate of the Automatic Identification System Market during the forecast period of 2031?

➡What key factors are driving the Automatic Identification System Market across various regions?

➡Who are the leading vendors in the Automatic Identification System industry, and what strategies contribute to their success?

➡What is the anticipated market scope for the projected period?

➡What major trends are influencing the industry's growth in the coming years?

➡What challenges does the Automatic Identification System Market face?

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