Global Automatic Identification Systems (AIS) Market Size Expands at Significant CAGR to Touch USD 179 Billion by 2030

Published | 09 May 2024

Global Automatic Identification Systems (AIS) Market is flourishing due to an increasing focus on complying with stricter regulations and on enhanced maritime security and safety, rising interest in improved fleet management, and rapid integration with other technologies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Automatic Identification Systems (AIS) Market size at USD 108.28 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Automatic Identification Systems (AIS) Market size to expand at a CAGR of 6.55% reaching a value of USD 178.91 billion by 2030. Automatic Identification Systems (AIS) Market is propelled by the increasing adoption of AIS in commercial shipping and a rising need for efficient logistics and supply chain management. Technology allows companies to track vessels in real-time, leading to optimized routes, improved operational processes, and timely delivery of goods. Government regulations mandating AIS implementation across regions are also contributing to market growth. Another key development is the rise of satellite-based AIS solutions, which extend coverage beyond traditional VHF-based systems, allowing for global vessel tracking and monitoring in remote areas. This broader reach has proven beneficial for maritime surveillance, search and rescue operations, and addressing illegal fishing activities. The defense and security sector recognizes the potential of AIS technology, as governments are investing in advanced maritime surveillance to secure national borders and counter maritime threats. AIS plays a crucial role in these efforts by enhancing situational awareness and enabling more effective response strategies. Consequently, AIS providers are focusing on creating solutions designed for defense and security applications.

Impact of Escalating Geopolitical Tensions on Global Automatic Identification Systems (AIS) Market

Escalating geopolitical tensions can significantly impact the Global Automatic Identification Systems (AIS) Market. As global conflicts and territorial disputes increase, nations often strengthen their maritime surveillance and security measures to protect their interests and ensure safety at sea. This heightened focus on maritime security drives demand for AIS technology, which plays a crucial role in vessel tracking, monitoring, and identification. However, geopolitical tensions can also lead to AIS data privacy concerns, as increased surveillance might trigger data security and unauthorized access risks. Stricter regulations on AIS use and data management could emerge, potentially affecting market growth. Overall, while geopolitical tensions can fuel the demand for AIS for security purposes, they may also create challenges related to data security and privacy.

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Global Automatic Identification Systems (AIS) Market

Segmental Information 

Global Automatic Identification Systems (AIS) Market – By Application

On the basis of application, the Global Automatic Identification Systems (AIS) Market is divided into Fleet Management, Vessel Tracking, Maritime Security, and Search and Rescue segments. The vessel tracking segment holds the highest share in the Global Automatic Identification Systems (AIS) Market by application. AIS plays a crucial role in vessel tracking and monitoring, delivering real-time data on ship positions, speeds, and headings. This function is key in various maritime sectors such as commercial shipping, fishing, defense, and search and rescue operations. Vessel tracking lead the way due to its importance in ensuring maritime safety, optimizing logistics, and enhancing operational efficiency. AIS allows for precise and timely vessel tracking, aiding in collision avoidance, route optimization, and better resource allocation. Additionally, regulatory mandates requiring AIS installation on commercial vessels have fueled the widespread adoption of this technology. The result is improved maritime safety and more streamlined maritime operations.

Global Automatic Identification Systems (AIS) Market – By Region

The in-depth research report on the Global Automatic Identification Systems (AIS) Market covers the market in a number of major countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America and Europe hold the highest share in the Global Automatic Identification Systems (AIS) Market and is expected to maintain their dominance during the forecast period. It can be attributed to its well-established maritime infrastructure, significant ports, and robust commercial shipping industry. The United States, with its strict AIS implementation regulations for specific vessel sizes and types, plays a central role in this dominance. Additionally, growing investments in maritime domain awareness and defense capabilities have further increased demand for AIS technology in the region. Meanwhile, Asia Pacific is expected to witness the fastest growth rate during the forecast period. It is primarily due to the expanding maritime trade, increased port activities, and heightened concerns about maritime safety and security. Countries such as China, Japan, South Korea, and Singapore are leading this trend, investing heavily in AIS infrastructure and related technologies. Efforts to boost maritime surveillance, combat illegal fishing, and comply with international regulations are also fueling demand for AIS systems in this region.

Competitive Landscape

The Global Automatic Identification Systems (AIS) Market is fragmented, with numerous players serving the market. The key players dominating the Global Automatic Identification Systems (AIS) Market include Saab AB, Furuno Electric Co. Ltd, ExactEarth Ltd, Orbcomm Inc., Garmin Ltd, Kongsberg Gruppen ASA, True Heading AB, Japan Radio Company Ltd., C.N.S. Systems AB, Wartsila OYJ Abp, ComNav Marine Ltd, and L3 Technologies Inc. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Automatic Identification Systems (AIS) Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Automatic Identification Systems (AIS) Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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