As per this study the Global Marine AIS Monitoring Solution Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of 4%.
Automatic identification system (AIS) is a short-range autonomous, automated tracking system that monitors and exchanges the information regarding the marine and coastal traffic. For that, it uses GPS that provides real-time information such as position, course, identity, speed and related information to marine RADAR, which avoids collision of the ships.
Increasing maritime traffic owing to rise in marine transport and global trade activities are driving the market growth. Advantages of AIS system are it provides real-time information, supports decision-making, improve the terminal efficiencies are boosting the market demand. However, risk regarding the security of AIS may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of marine AIS monitoring solution.
The broad marine AIS monitoring solution market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Onshore Based
- Vessel Based
- Fleet Leasing & Fleet Management
- Logistics Companies
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for marine AIS monitoring solution in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Marine AIS Monitoring Solution Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the marine AIS monitoring solution market include Atlantic Marine Electronics, Caterpillar Inc., Exact Earth, Honeywell, McMurdo Group, Oceaneering International and Teledyne Brown Engineering. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.