AIS is the unique tracking system which functions automatically and is applied in restricting the collision of ships by vessel traffic services. The information which is provided by the supplements radar is the primary method used in the avoiding collision in the water transport. AIS equipment is generally used to track and monitor vessel movements.
Asia Pacific Automatic Identification System Market Size:
APAC Automatic Identification market is poised to reach the value of $XX million in 2024 from $XX million in 2017, growing with the CAGR of XX%. Key points like better navigation and maritime traffic management, enhanced coastal surveillance, improvement in monitoring the movements of other vehicles and quick and accurate information about collisions when used with dynamic data are driving the market growth. Whereas the facts like range and reporting capabilities, wrong equipment settings and data manipulation practices and fishing vessels cannot be fitted with AIS are hampering the market growth. The market has opportunities like increasing government involvement and growth in security concerns associated with monitoring vessels are creating a chance for the market to explore in all the regions.
Asia Pacific Automatic Identification System Market Share:
The market is segmented as by class, by platform, by application and by geography. By class, the market is classified into class A, class B and AIS base stations. Class
A segment dominates the market owing to the increasing number of vehicles in operations and demand for class A AIS devices. Class B and AIS base stations are promising segments. By platform, the market is segmented into vessel-based and on-shore based. Vessel-based is the largest segment due to the higher adoption rate, and the on-shore segment is the fastest growing segment owing to the usage in predominant applications of the marine fleet. By application, the market is classified into fleet management, vessels tracking, maritime security and others. Vessel tracking segment is the large market as well as fastest growing due to the large range incorporation of AIS systems in the vessel tracking. By geography, the market is classified into China, Japan, India, Australia & New Zealand and others. APAC is the fastest growing region owing to border based security reasons along with the growth of cross-border trade with the help of water-based transport are some key drivers for this region. South Korea is one such country that is entirely landlocked and thus has to depend on water transport for trade purposes further boosting the demand for AIS.
Asia Pacific Automatic Identification System Market Trends:
- SAAB implements national automatic identification system for India’s coastline safety & security.
- Mitsui OSK lines have signed an agreement with Japanese maritime electronics manufacturer
Furuno electronic to jointly develop a voyage information display system using augmented reality (AR).
Asia Pacific Automatic Identification System Market Research Reports Includes:
- An executive summarycondensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact on altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- SAAB AB
- Comnav Marine
- Furuno Electric Co. Ltd.
- Orbcomm Inc.
- L-3 Communication Holdings Inc.
Along with these companies, there were many other companies are considered in the report while analysing the APAC Automatic Identification System market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
