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Automatic Identification System Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 12:03 AM, 20th April, 2018 REP-ID-514 Category: ICT & Electronics

Automatic Identification System Market Overview

Automatic identification system refers to an automatic tracking technology which provides the information about the traffic of the marines. Automatic identification system helps in better traffic management and prevention of possible maritime collision. It has been observed that automatic identification systems are mainly used for providing safety to the vessels.

Market Size and Forecast

Global automatic identification system market is expected to flourish at a CAGR of 4.8% during the forecast period. Further, the market of automatic identification system is expected to garner USD 272 Million by the end of 2024. In recent years, marine industry has witnessed huge growth all over the globe. Increasing demand for better maritime traffic management and advancement in marine transportation is expected to drive the growth of the global automatic identification system market. 

Automatic Identification System

In the terms of regional platform, North America dominated the overall automatic identification system market in 2016. Further, North America region is expected to continue its dominance over the forecast period.  This can be attributed to the high maritime security in the region. Further, rising government participation in the adoption of automatic identification system is expected to foster the growth of the automatic identification system market. In North America region, U.S. accounted for the largest market share of automatic identification system market. Additionally, rising adoption of automatic identification system by the U.S. Coast Guard is anticipated to garner the growth of the market in the nation. Further, Canada is also expected to contribute significantly to the growth of automatic system identification market due to the stringent government rules and regulations. Further, Canadian government has made it mandatory to install automatic identification system in the vessels. This factor is expected to fuel the growth of automatic identification system in the nation.

Asia Pacific is projected to witness significant growth over the forecast period. Increasing number of waterborne transportation and trade in the region is anticipated to swell the demand for automatic identification system during the forecast period. Additionally, China and India are expected to be the major contributor to the growth of the automatic identification system market over the forecast period.

Market Segmentation

Our in-depth analysis has segmented global automatic identification system market into the following segments:

By Platform

  • Vessel Based Platform
  • On-Shore Based Platform

By Class

  • Class A automatic identification system
  • Class B automatic identification system
  • Automatic identification base stations

By Region

Global automatic identification system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Turkey, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Global Automatic Identification System Market

Growth Drivers & Challenges

The growth of global automatic identification system market can be attributed to rising volume of seaborne trade. Further, this rising growth of overseas trade is resulting in augmented demand for effective marine traffic management which is likely to boost the growth of the automatic identification system market. More importantly, huge growth in the GDP of the growing economies is anticipated to fuel the growth of the international trade. According to the Society of Maritime Industries, global economic expansion is projected to double the seaborne trade by 2030. This factor is expected to upscale the growth of the automatic identification system globally.

Stringent rules & regulations to minimize the marine accidents are expected to propel the growth of the automatic identification system market. Specifically, strict directive of the International Maritime Organization to install automatic identification system in the vessels is uplifting the growth of the automatic identification system market globally.

On the contrary, high cost of the automatic identification system technology is likely to hamper the growth of the global automatic identification market. That aside, technological limitations such as range limitation and lack of reporting facilities between marines and on shore authorities is anticipated to hinder the growth of the global automatic identification market.

Key Players

  • Honeywell International Inc.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Orbcomm Inc.
  • Furuno Electric Co. Ltd.
  • Garmin International Inc.
  • Kongsberg Maritime
  • SAAB Transponder Tech AB
  • L-3 Communications Holdings Inc.
  • Raytheon Ltd.
  • Exactearth Ltd.
  • Thales Group

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global automatic identification system market is segmented as follows:

  • By Platform Market Size & Y-O-Y Growth Analysis
  • By Class Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

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