The Automatic Identification System Market – Growth, Trends, and Forecasts (2020 – 2025), offers an in-depth evaluation of each crucial aspect of the Global Automatic Identification System industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Automatic Identification System market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Automatic Identification System Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries.
The automatic identification system market was valued at USD 244.36 million in 2019, and is expected to reach USD 331.06 million by 2025, at a CAGR of 5.6% during the forecast period (2020-2025).
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Global Major Players in Automatic Identification System Market are:
Saab AB, Furuno Electric Co. Ltd, exactEarth Limited, Orbcomm Inc., Garmin Ltd, Kongsberg Gruppen ASA, True Heading AB, Japan Radio Company Ltd., C.N.S. Systems AB, Transas Marine Limited, ComNav Marine Ltd, L3 Technologies Inc., and Other.
Key Market Trends:
Vessel Based Platform to Account for Significant Share
– The expansion of the maritime industry is considerably increasing marine traffic. To ensure the smooth facilitation of trades and other services, it is essential for all the ships and vessels on the water to maintain proper maritime communication. Vessel-based AIS allows users to track marine traffic in real time, thereby reducing the risk of collisions during transits.
– Due to the increasing number of voyaging ships, the concern toward the safety of the people and goods in the vessel are more and this has enabled the adoption of the market.
– The increasing government regulations across several countries in favor of the installation of AIS system in vessels is a crucial factor influencing the growth of vessel-based AIS platform.
– The regions most likely to come under threat from pirate attacks include Indonesia, the Philippines, and Nigeria. Here, pirates are attracted by the abundance of natural resources in the countries themselves or in adjacent areas. Strategic passages for oil transport, such as Bab-el-Mandeb, near Somalia, or the Strait of Malacca off the Indonesian coast have become notorious targets for maritime crime. To overcome this problem and give importance to the protection of merchant ships and vessels, the AIS market is tending to grow in this segment by leveraging the Big Data provided by the AIS, which provides pivotal information, such as vessel identity, navigation status course, and other safety-related information.Asia-Pacific to Witness the Highest Growth Rate.
Influence of the Automatic Identification System Market report:
–Comprehensive assessment of all opportunities and risks in the Automatic Identification System Market.
–Automatic Identification System Market recent innovations and major events.
–A detailed study of business strategies for the growth of the Automatic Identification System Market market-leading players.
–Conclusive study about the growth plot of Automatic Identification System Market for forthcoming years.
–In-depth understanding of Automatic Identification System Market, market-particular drivers, constraints, and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Automatic Identification System Market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Automatic Identification System Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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