The automatic identification system market is projected at US$ 264.5 million in 2023 and is estimated to be valued at US$ 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) | US$ 264.5 million |
| Market Valuation (2033) | US$ 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 US$ 534.9 million during the forecast period. Historically, the market stood at US$ 248.3 million from 2017 to 2022.
Principal Consultant
| 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) | US$ 18 million |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 5.3% |
| CAGR (2023 to 2023) | 6.6% |
| Valuation (2023 to 2033) | US$ 9.7 million |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 6.0% |
| CAGR (2023 to 2023) | 7.6% |
| Valuation (2023 to 2033) | US$ 27.1 million |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 5.9% |
| CAGR (2023 to 2023) | 6.9% |
| Valuation (2023 to 2033) | US$ 94.8 million |
| Country | India |
|---|---|
| CAGR (2017 to 2022) | 5.2% |
| CAGR (2023 to 2023) | 6.6% |
| Valuation (2023 to 2033) | US$ 28.7 million |
The United Kingdom is expected to capture a CAGR of 6.6% with a valuation of US$ 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 US$ 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 US$ 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 US$ 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 | US$ 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 US$ 264.5 million in 2023.
The market is estimated to reach US$ 534.9 by 2033.
The United States is expected to reach a valuation of US$ 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 | Automatic Identification System Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Category
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Category, 2017 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Category, 2023 to 2033
5.3.1. Vessel Based
5.3.1.1. Class A
5.3.1.2. Class B
5.3.2. Shore Based
5.3.2.1. AIS Base Stations
5.3.2.2. AIS AtoN
5.3.2.3. Others
5.4. Y-o-Y Growth Trend Analysis By Category, 2017 to 2022
5.5. Absolute $ Opportunity Analysis By Category, 2023 to 2033
6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2017 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Fleet Management
6.3.2. Vessel Tracking
6.3.3. Maritime Security
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. Asia Pacific excluding Japan
7.3.6. Japan
7.3.7. Middle East & Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Category
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Category
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Category
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Category
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. UK
10.2.1.6. BENELUX
10.2.1.7. Nordic
10.2.1.8. Rest of Western Europe
10.2.2. By Category
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Category
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Russia
11.2.1.2. Poland
11.2.1.3. Rest of Eastern Europe
11.2.2. By Category
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Category
11.3.3. By Application
11.4. Key Takeaways
12. Asia Pacific excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. India
12.2.1.3. Australia & New Zealand
12.2.1.4. Association of Southeast Asian Nations
12.2.1.5. Rest of Asia Pacific excluding Japan
12.2.2. By Category
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Category
12.3.3. By Application
12.4. Key Takeaways
13. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.2. By Category
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Category
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Rest of Middle East and Africa
14.2.2. By Category
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Category
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Category
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Category
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Category
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Category
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Category
15.5.2.2. By Application
15.6. Italy
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Category
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Category
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Category
15.8.2.2. By Application
15.9. UK
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Category
15.9.2.2. By Application
15.10. BENELUX
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Category
15.10.2.2. By Application
15.11. Nordic
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Category
15.11.2.2. By Application
15.12. Russia
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Category
15.12.2.2. By Application
15.13. Poland
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Category
15.13.2.2. By Application
15.14. China
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Category
15.14.2.2. By Application
15.15. India
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Category
15.15.2.2. By Application
15.16. Australia & New Zealand
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Category
15.16.2.2. By Application
15.17. Association of Southeast Asian Nations
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Category
15.17.2.2. By Application
15.18. Japan
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Category
15.18.2.2. By Application
15.19. GCC Countries
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Category
15.19.2.2. By Application
15.20. South Africa
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Category
15.20.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Category
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Wartsila Corporation
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Japan Radio Corporation
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. L3 technologies
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Orbcomm Inc.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Garmin
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. True Heading AB
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Raymarine
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Jotron AS
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. C.N.S. Systems AB
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. ACR Electronics Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. ONWA Marine Electronics Co. Ltd
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Automatic Identification System Market
