Automatic Identification System Market Trends and Forecasts To 2022: Grand View Research, Inc
Rising demand for efficient marine traffic management is expected to drive the automatic identification system market over the forecast period. The increase in world trade across the sea has triggered the need to identify & track vessels, monitor vessel movements, and to ensure safety & security in marine traffic. The International Maritime Organization (IMO) has declared the implementation of automatic identification systems in ships be mandatory to monitor marine traffic and prevent accidents. These are expected to be the key drivers for automatic identification system market growth. High costs of technology may restrain market growth over the coming years. Technological advancements & globalization through trade are expected to offer opportunities for market growth.
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The platform-based classification of automatic identification systems is as vessel-based, satellite-based, and on-shore based systems. Due to the mandatory government regulations, vessel-based system is expected to dominate the automatic identification system market. For example, in 2002, the Diplomatic Conference on maritime security announced that all ships weighing between 300 & 50,000 tonnes must be equipped with automatic identification system. Rising demand for coal, oil products, methanol, and LNG are expected to spur growth of the on-shore based automatic identification system market.
The product types of automatic identification systems are Class A, Class B, and Class C. Class A & B, both being transponder-based systems, whereas Class C being receiver-based system. Applications in the automatic identification system market are vessel traffic services, collision avoidance, maritime security, fishery monitoring & control, search & rescue, ocean race management, fleet & cargo tracking, navigation, environment rescue, and accident investigation.
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North America is expected to lead the automatic identification system market owing to the mandatory incorporation of automatic identification systems in the vessels across the region, for providing vessel coordinates to the marine traffic operators. Asia Pacific is expected to witness high market growth due to increase in implementation of automatic identification systems across the market.
Automatic identification system market has few major companies such as Orbcomm Inc., Kongsberg Inc., Exactearth Ltd., Furuno Electric Co. Ltd., L-3 Communications Holdings Inc. Honewell Inc., Garmin International Inc., SAAB Transponder Tech AB, Thales Group, and Raytheon Ltd.
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