Automatic Identification System Market Size, Share & Trends Report

Automatic Identification System Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: GVR1654
  • Format: Electronic (PDF)
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The need for efficient management of marine traffic is expected to boost the automatic identification system market over the forecast period. The International Maritime Organization (IMO) has mandated the requirement for vessels to integrate automatic identification systems in order to reduce marine accidents and to upscale marine traffic management. An increase in international trade and vessel traffic is expected to serve as a key driver for the automatic identification system market. Growing needs for identification and tracking of vessels, safety and security concerns, and the need for efficient traffic control are also expected to drive market growth over the forecast period. However, the high cost of technology may restrain market growth. The rapid pace of globalization is expected to offer significant growth opportunity for the automatic identification system market.

The automatic identification system differs on the basis of its platform deployment, which may be onshore-based, vessel-based, or satellite-based. Vessel-based automatic identification systems are expected to dominate the global market owing to their large number and favorable government mandate. For instance, an amendment made in the Diplomatic Conference on Maritime Security in the year 2002 states that ships between 300 tonnes and 50,000 tonnes are required to fit the automatic identification systems. On-shore based automatic identification system market is expected to grow at a rapid pace owing to the growing demand for oil products, coal, methanol, and LNG that deploy such on-shore platforms.

The automatic identification system differs on the basis of their types which include Class A and Class B, which are both transponders and the third is C an automatic identification system receiver. The automatic identification system finds application in the marine industry and is primarily used for collision avoidance, fishery monitoring and control, vessel traffic services, maritime security, ocean race management, navigation, search & rescue, environment rescue, fleet & cargo tracking, and accident investigation.

North America is expected to dominate the global automatic identification system market due to stringent safety protocols and mandates in the region. For instance, in Canada, the federal Navigation Safety Regulations mandate incorporation of automatic identification systems in vessel tracking systems, which automatically provide vessel position updates and relevant data to marine traffic operators. The automatic identification system market in Asia Pacific is expected to witness high growth owing to rising implementation of the development program by the concerned authorities in the region.

The industry is highly consolidated with a few market players offering such identification solutions. Key players in the automatic identification system market include Orbcomm Inc., Furuno Electric Co. Ltd., Exactearth Ltd., Kongsberg Inc., SAAB Transponder Tech AB, L-3 Communications Holdings Inc., Garmin International Inc., Honeywell International Inc., Raytheon Ltd., and Thales Group. In July 2014, Orbcomm Inc. successfully launched six OG2 satellites that are equipped with automatic identification system to report and receive transmissions from an automatic identification system equipped vessels for tracking ships and other maritime efforts.

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