Global Automatic Identification System Market Size, Share, Growth Analysis, By Type(Class A, Class B), By Application(Vessel Tracking and Monitoring, Collision avoidance) - Industry Forecast 2023-2030

Global Automatic Identification System Market size was valued at USD 18.9 billion in 2022 and is poised to grow from USD 22.25 billion in 2023 to USD 81.93 billion by 2031, growing at a CAGR of 17.7% during the forecast period (2024-2031).

The Global Automatic Identification System (AIS) market has seen remarkable growth recently, with projections indicating continued expansion. AIS technology, crucial for automatic vessel tracking and monitoring, significantly enhances maritime safety, security, and efficiency. A notable trend is the heightened adoption of AIS within the commercial shipping sector, driven by the need for streamlined logistics and supply chain management. Mandatory AIS implementation by regulatory bodies further propels market growth. Satellite-based AIS solutions are gaining prominence, overcoming limitations of traditional systems by extending coverage to remote areas and facilitating global vessel tracking, thereby finding utility in maritime surveillance and rescue operations. The defense and security sector offer substantial opportunities for AIS market growth, with governments investing in advanced surveillance systems to safeguard national borders and counter illegal activities, driving the development of tailored AIS solutions. The Asia Pacific region is poised for significant AIS market expansion, fueled by expanding maritime trade, increasing port activities, and stringent regulatory requirements for vessel safety and security, alongside growing investments in port infrastructure and awareness of AIS benefits.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automatic Identification System Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automatic Identification System Market Segmental Analysis

Global Automatic Identification Syestem Market is segmented by type, application, and region. Based on Type, the market can be segmented into Class A, Class B, Base Station, Onboard Transponders, Satellite, Portable, Aids to Navigation. Based on application, the market is segmented into Vessel Tracking and Monitoring, Collision avoidance, Maritime Domain Awareness and Fleet Management. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Automatic Identification System Market

The expansion of maritime trade plays a pivotal role in propelling the global Automatic Identification System (AIS) market forward. With an uptick in global trade activities, there arises an increasing demand for streamlined and secure maritime operations. AIS technology facilitates the real-time tracking and surveillance of vessels, furnishing crucial data such as their whereabouts, velocity, and trajectory. This data proves indispensable for streamlining logistics, regulating vessel traffic, and ensuring prompt delivery of commodities. By enhancing situational awareness, AIS systems empower businesses to make well-informed decisions concerning route optimization, port management, and risk mitigation strategies. Consequently, the surge in demand for AIS solutions stems from the imperative to bolster the safety, efficiency, and dependability of maritime trade, thus positioning it as a central driving force in the global AIS market.

Restraints in the Global Automatic Identification System Market

Cost limitations present a notable challenge to the worldwide Automatic Identification System (AIS) market, as embracing AIS technology necessitates substantial financial commitments for equipment, setup, and continual upkeep. The expenses linked with AIS transponders, infrastructure, and accompanying data services can particularly impede small to medium-sized vessel owners or operators with restricted financial means. Such financial burdens can hinder widespread uptake, especially in areas or sectors facing budgetary constraints. However, surmounting these cost barriers and providing more economical AIS options could be pivotal in enlarging the market and ensuring wider access to AIS technology, thereby enhancing maritime safety and efficiency.

Market Trends of the Global Automatic Identification System Market

Government regulations have been implemented to enforce the adoption of automatic identification systems (AIS) aimed at enhancing ship safety and security. Introduced by the International Maritime Organization (IMO) in 2000, these regulations mandate that all ships, with a gross tonnage of 300 and above engaged in international voyages, cargo ships with a gross tonnage of 500 or more not engaged in international voyages, and all passenger ships regardless of size, must be equipped with AIS to automatically transmit ship information to other vessels and coastal authorities. This stringent implementation of AIS as dictated by government regulations is anticipated to significantly propel the growth of the automatic identification system market.