What is the global market size of Automatic Identification System Market?

Global Automatic Identification System Market size was valued at USD 53.56 Billion in 2022 and is poised to grow from USD 59.83 Billion in 2023 to USD 144.98 Billion by 2031, at a CAGR of 11.70% during the forecast period (2024-2031).

What is the key driver of Global Automatic Identification System Market?

Growing maritime trade is a significant driver of the global Automatic Identification System (AIS) market. As global trade volumes continue to increase, there is a growing need for efficient and secure maritime operations. AIS technology enables real-time tracking and monitoring of vessels, providing critical information such as position, speed, and course. This information is invaluable for optimizing logistics, managing vessel traffic, and ensuring the timely delivery of goods. AIS systems enhance situational awareness, allowing businesses to make informed decisions regarding route planning, port operations, and risk mitigation. The demand for AIS solutions is propelled by the need to improve the safety, efficiency, and reliability of maritime trade, making it a key driver in the global AIS market.

Automatic Identification System Companies

Automatic Identification System Market Competitive Landscape

Automatic Identification System Market Top Player’s Company Profiles

Saab AB (Sweden)
Furuno Electric Co. Ltd. (Japan)
Orbcomm Inc. (US)
Kongsberg Gruppen ASA (Norway)
Japan Radio Company Ltd. (Japan)
True Heading AB (Sweden)
Garmin International (US)
CNS Systems AB (Sweden)
Comnav Marine (Canada)
Honeywell International Inc. (US)
Siemens AG - (Germany)
Zebra Technologies Corporation(US)
Datalogic S.p.A. (Italy)
SICK AG (Germany)
Cognex Corporation (US)
Impinj, Inc. (US)
NXP Semiconductors N.V(Netherlands)
SATO Holdings Corporation(Japan)
Toshiba Tec Corporation(Japan)
Balluff GmbH (Germany)
JADAK, a Novanta Company (US)
Identiv, Inc.(US)
Omron Corporation (Japan)
Alien Technology, LLC (US)
CipherLab Co., Ltd.(Taiwan)
Bluebird Inc. (South Korea)
Denso Wave Incorporated (Japan)
FEIG ELECTRONIC GmbH (Germany)

Automatic Identification System Market

FAQs

Global Automatic Identification System Market size was valued at USD 59.83 billion in 2023 and is poised to grow from USD 66.83 billion in 2024 to USD 161.96 billion by 2031, growing at a CAGR of 11.70% during the forecast period (2024-2031).

Global Automatic Identification System (AIS) market is highly competitive, with several players vying for a share of the market. The industry is characterized by constant innovation and technological advancements, as companies strive to stay ahead in this rapidly evolving sector. Players in the market offer a diverse range of AIS solutions, including hardware devices, software applications, and integrated systems. Market leaders in the AIS sector have established a strong presence by investing heavily in research and development, enabling them to introduce cutting-edge technologies and stay ahead of the competition. These companies leverage their extensive industry experience and global reach to cater to a wide customer base and expand their market share. Collaborations, partnerships, and mergers and acquisitions are common strategies employed by companies in the AIS market to enhance their competitive position. By joining forces, companies aim to leverage complementary strengths, access new markets, and broaden their product portfolios. These strategic moves also enable companies to pool resources and expertise, leading to accelerated innovation and growth. 'Saab AB (Sweden) ', 'Furuno Electric Co. Ltd. (Japan) ', 'Orbcomm Inc. (US) ', 'Kongsberg Gruppen ASA (Norway) ', 'Japan Radio Company Ltd. (Japan) ', 'True Heading AB (Sweden) ', 'Garmin International (US) ', 'CNS Systems AB (Sweden) ', 'Comnav Marine (Canada) ', 'Honeywell International Inc. (US) ', 'Siemens AG - (Germany) ', 'Zebra Technologies Corporation(US) ', 'Datalogic S.p.A. (Italy) ', 'SICK AG (Germany) ', 'Cognex Corporation (US) ', 'Impinj, Inc. (US) ', 'NXP Semiconductors N.V(Netherlands) ', 'SATO Holdings Corporation(Japan) ', 'Toshiba Tec Corporation(Japan) ', 'Balluff GmbH (Germany) ', 'JADAK, a Novanta Company (US) ', 'Identiv, Inc.(US) ', 'Omron Corporation (Japan) ', 'Alien Technology, LLC (US) ', 'CipherLab Co., Ltd.(Taiwan) ', 'Bluebird Inc. (South Korea) ', 'Denso Wave Incorporated (Japan) ', 'FEIG ELECTRONIC GmbH (Germany) '

Growing Maritime Trade

Government regulations have been put in place to enforce the adoption of automatic identification systems (AIS) in order to enhance the safety and security of ships. The International Maritime Organization (IMO) introduced a mandatory requirement in the year 2000, stating that all ships must be equipped with AIS to automatically transmit ship information to other vessels and coastal authorities. This regulation applies to ships with a gross tonnage of 300 and above engaged in international voyages, cargo ships with a gross tonnage of 500 or more that are not involved in international voyages, and all passenger ships regardless of size. The implementation of AIS as per these stringent government regulations is expected to be a key driver for the growth of the automatic identification system market.

North America dominated the global market. The region has a well-developed maritime infrastructure, with major ports and a thriving commercial shipping industry. The United States, in particular, has stringent regulations mandating AIS implementation for vessels of certain sizes and types. These factors have contributed to the high adoption of AIS solutions in North America. Additionally, the region has witnessed increasing investments in maritime domain awareness and defense capabilities, further driving the demand for AIS technology.

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Automatic Identification System Market Size, Share, Growth Analysis, By Class(Class A AIS, Class B AIS, AIS base stations), By Platform(Vessel-Based Platform, On-shore based Platform), By Application(Vessel Tracking, Maritime Security, Other Applications), By Region - Industry Forecast 2024-2031

Automatic Identification System Market Competitive Landscape

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Automatic Identification System Market Size, Share, Growth Analysis, By Class(Class A AIS, Class B AIS, AIS base stations), By Platform(Vessel-Based Platform, On-shore based Platform), By Application(Vessel Tracking, Maritime Security, Other Applications), By Region - Industry Forecast 2024-2031

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