The automatic identification system market is projected at USD 264.5 million in 2023 and is estimated to be valued at USD 534.9 million by 2033. The market is anticipated to capture a CAGR of 7.3% during the forecast period. The influencing factors in the market are as follows:
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 7.3% |
| Market Valuation (2023) | USD 264.5 million |
| Market Valuation (2033) | USD 534.9 million |
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The increased dependency on water transport across the globe is growing the market share during the forecast period. Monitoring and tracking vessels lead to increased sales of the automatic identification system. The rising cross-border trade activities, curbing security, and enhancing smooth trading are increasing market growth.
The government of the United Kingdom is focused on launching the Five Year Plan on maritime trade. The efficient traffic control and management of vessels onboard drive the market share during the forecast period. Myanmar announced the installation of AIS on its fishing and coastal vessels to maintain security. They can exchange information related to navigation by installing AIS stations.
According to Future Market Insights, the automatic identification system market is projected at a healthy 7.3% CAGR during the forecast period. Historically, the market registered a CAGR of 5.7% between 2017 and 2022.
The rising usage of automatic identification systems for widespread transmission of critical environmental conditions information such as weather and sea state to marine fleets, forecasters, and emergency response providers is propelling the demand in the market.
For instance, Defense agencies predict and detect anti-national activities with the support of maritime intelligence and domain awareness. As a result, the market is estimated to reach USD 534.9 million during the forecast period. Historically, the market stood at USD 248.3 million from 2017 to 2022.
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| Segments | Category |
|---|---|
| Top Category | Vessel Based |
| Historic CAGR | 5.5% |
| Forecast CAGR | 7.1% |
| Segments | Application |
|---|---|
| Top Category | Vessel Tracking |
| Historic CAGR | 8.5% |
| Forecast CAGR | 9.1% |
The vessel base dominates the global market by securing a CAGR of 7.1% during the forecast period. As per the report, the vessel-based segment is expected to dominate the automatic identification system market. The increasing number of favorable government regulations and growing marine vehicle fleets globally favor the growth in the segment. Historically, the segment captured a CAGR of 5.5% between 2017 and 2022.
The onshore segment is expected to witness steady growth in the market, owing to the increasing adoption of automatic identification systems. In addition, the rising demand for oil & gas, methanol, and liquefied natural gas (LNG) exploration activities increases the demand for onshore platforms.
Based on applications, the vessel tracking segment is projected to dominate the market by occupying a CAGR of 9.1% during the forecast period. Increasing ship accidents and rising concerns related to safety are encouraging port officials to deploy automatic identification systems for vessel tracking.
Rising maritime traffic and increasing incidences of ship collisions are favoring the demand for automatic identification systems for fleet management applications. On account of this, the fleet management segment is estimated to account for around 25.9% of the sales in 2022. Historically, the vessel tracking segment captured a CAGR of 8.5% between 2017 and 2022.
| Country | United States |
|---|---|
| CAGR (2017 to 2022) | 4.6% |
| CAGR (2023 to 2023) | 5.7% |
| Valuation (2023 to 2033) | USD 18 million |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 5.3% |
| CAGR (2023 to 2023) | 6.6% |
| Valuation (2023 to 2033) | USD 9.7 million |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 6.0% |
| CAGR (2023 to 2023) | 7.6% |
| Valuation (2023 to 2033) | USD 27.1 million |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 5.9% |
| CAGR (2023 to 2023) | 6.9% |
| Valuation (2023 to 2033) | USD 94.8 million |
| Country | India |
|---|---|
| CAGR (2017 to 2022) | 5.2% |
| CAGR (2023 to 2023) | 6.6% |
| Valuation (2023 to 2033) | USD 28.7 million |
The United Kingdom is expected to capture a CAGR of 6.6% with a valuation of USD 9.7 million during the forecast period. Increasing dependency on water transport between domestic regions and growing cross-border trade activities in the United Kingdom is facilitating the growth in the market.
Also, growing government emphasis on strengthening maritime trade and curbing security breaches in sea-based borders is favoring the growth in the market.
For instance, the government of the United Kingdom announced launching a Maritime Trade and Investment Five-Year Plan. The United Kingdom government focuses on green maritime, marine science, digital technologies, autonomous vehicles, and maritime professional and business services. Historically, the United Kingdom captured a CAGR of 5.3% between 2017 and 2022.
Japan is anticipated to grow at a CAGR of 6.9%, with a valuation of USD 94.8 million during the forecast period. An increasing number of marine vehicles fleet and growing fishing activities have significantly surged marine accidents in Japan. The Japan Transport Safety Board reported approximately 720 marine accidents in 2020 across the country.
Vessel traffic service providers in ports are increasingly adopting advanced security systems for managing sea traffic, avoiding collisions, and enhancing security & safety. In addition, the increasing adoption of automatic identification systems in maritime safety planning, weather forecasting, and resource management drives Japan's automatic identification system market.
Leading players in the country are increasingly focusing on research and development to increase market opportunities. The introduction of novel systems integrated with advanced cloud technologies and satellite connections has gained a competitive edge in the market.
Because of such developments, the Japanese automatic identification system market is projected to register rapid growth in the coming years. Historically, Japan captured a CAGR of 5.9% between 2017 and 2022.
China is estimated to occupy a CAGR of 7.6% with a valuation of USD 27.1 million during the forecast period. Rising safety and security concerns regarding maritime, increasing illegal shipping activities, and breaches increase the sales of the automatic identification system.
The strict safety protocols and maritime activities mandate is driving the growth. The government of China announced the implementation of Navigation Safety Regulations for vessel tracking systems. This system provides relevant data and real-time vessel position updates to marine traffic operators to avoid collisions.
Automatic identification systems increasingly find various applications, such as fishery monitoring and control, accident investigation environment rescue, and fleet & cargo tracking. Hence, increasing trade activities and maritime traffic in China is anticipated to accelerate sales in the country.
The United States is the largest coastal area-covered nation in North America. The United States is anticipated to secure a CAGR of 5.7% with a valuation of USD 18 million during the forecast period. Rising commercial and trade activities propel the demand for automatic identification systems in the United States market.
The United States is a top exporter in the global market in the trading of goods and services, per Reading Economics. In addition, the government of the United States is improving vessel security by adopting advanced technology to maintain every minute of updates of vessels and their crew members.
In 2021, the United States Maritime Administration issued US-flagged vessels to operate the Western Indian Ocean, the red sea, and the Persian Gulf.
Moreover, the rising investments, government supports, and new market players are growing the market opportunities in the United States Additionally, the rising number of fishing vessels and avoiding any uncertainty are expected to increase the demand for automatic identification system during the forecast period.
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The leading players in the global automatic identification system market are emphasizing research and development activities to introduce a novel system to enhance their product portfolio. Apart from this, the top companies aim to enter into strategic partnerships and collaborations with other players to strengthen their global presence in the market.
A Few Prominent Players in the Market are
Recent Developments in the Automatic Identification System Market
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa |
| Key Segments Covered | Category, Application, Region |
| Key Companies Profiled | Wartsila Corporation; Japan Radio Corporation; L3 technologies; Orbcomm Inc.; Garmin; True Heading AB; Raymarine; Jotron AS; C.N.S. Systems AB; ACR Electronics Inc.; ONWA Marine Electronics Co. Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 264.5 million in 2023.
The market is estimated to reach USD 534.9 by 2033.
The United States is expected to reach a valuation of USD 18 million by 2033.
India is anticipated to progress at a CAGR of 6.6%.
Vessel Tracking is likely to remain preferred through 2033.
China may witness significant growth in the automatic identification system market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Category 5.1. Vessel Based 5.1.1. Class A 5.1.2. Class B 5.2. Shore Based 5.2.1. AIS Base Stations 5.2.2. AIS AtoN 5.2.3. Others 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 6.1. Fleet Management 6.2. Vessel Tracking 6.3. Maritime Security 6.4. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. Asia Pacific excluding Japan 7.6. Japan 7.7. Middle East & Africa (MEA) 8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Wartsila Corporation 17.2. Japan Radio Corporation 17.3. L3 Technologies 17.4. Orbcomm Inc. 17.5. Garmin 17.6. True Heading AB 17.7. Raymarine 17.8. Jotron AS 17.9. C.N.S. Systems AB 17.10. ACR Electronics Inc. 17.11. ONWA Marine Electronics Co. Ltd 18. Assumptions & Acronyms Used 19. Research Methodology
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Automatic Identification System Market
