What is Global AIS Transponder Market?
The Global AIS Transponder Market is a vast and dynamic sector that plays a crucial role in maritime safety. AIS, or Automatic Identification System, is a tracking system used on ships and by vessel traffic services for identifying and locating vessels by electronically exchanging data with other nearby ships and AIS Base stations. The global market for these transponders is significant, with a wide range of applications across various types of vessels. The AIS transponder is a device that transmits and receives AIS signals, helping in the identification, location, and tracking of vessels in real time. This technology has become an integral part of the maritime industry, contributing to safer and more efficient navigation.
Class A Marine AIS, Class B Marine AIS in the Global AIS Transponder Market:
Class A and Class B Marine AIS are two categories of AIS transponders that have a significant impact on the Global AIS Transponder Market. Class A AIS is designed for larger vessels such as cargo ships and large passenger vessels. These devices offer a higher transmission power and a more frequent update rate, providing real-time information to other vessels and maritime authorities. On the other hand, Class B AIS is designed for smaller vessels and recreational boats. These devices have a lower transmission power and a less frequent update rate, but they still provide essential information for vessel identification and collision avoidance. Both types of AIS transponders play a crucial role in enhancing maritime safety and efficiency, contributing to the growth of the Global AIS Transponder Market.
Merchant Marine, Recreational Boats, Fishing Vessels, Others in the Global AIS Transponder Market:
The Global AIS Transponder Market finds its applications in various areas such as Merchant Marine, Recreational Boats, Fishing Vessels, among others. In the Merchant Marine sector, AIS transponders are used for vessel tracking, collision avoidance, and maritime domain awareness. For Recreational Boats, these devices provide safety information and help in navigation. In the Fishing Vessels sector, AIS transponders are used for vessel monitoring, fisheries management, and safety of life at sea. Other applications of AIS transponders include maritime security, search and rescue operations, and marine environmental protection. The wide range of applications of AIS transponders across different sectors is a testament to their importance in the maritime industry.
Global AIS Transponder Market Outlook:
The Global AIS Transponder Market has shown significant growth over the years. In 2023, the market was valued at US$ 51 million and is expected to reach US$ 80 million by 2030, growing at a CAGR of 6.5% during the forecast period from 2024 to 2030. SRT Marine and Alltek Marine are among the leading players in the market, with 22.95% and 21.07% global revenue share respectively. The APAC region, with countries like China, Japan, and South Korea, is the largest market segment for AIS Transponder, accounting for over 77% of the consumption market share in 2019. In terms of demand, Merchant Marine and Fishing Vessels sectors accounted for 36.03% and 42.10% of the AIS Transponder market respectively in 2019.
| Report Metric | Details |
| Report Name | AIS Transponder Market |
| Accounted market size in 2023 | US$ 51 million |
| Forecasted market size in 2030 | US$ 80 million |
| CAGR | 6.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | SRT Marine, Alltek Marine, Furuno, Navico, Garmin, Icom, Japan Radio Company, Vesper Marine, Comnav Marine, True Heading, Kongsberg Gruppen ASA, Transas Marine Limited (Wärtsilä), SAAB AB, Raymarine, Weatherdock AG |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
