What is Global Shipboard Automatic Identification Systems Market?
The Global Shipboard Automatic Identification Systems (AIS) market is a dynamic sector that plays a crucial role in enhancing maritime safety and the efficiency of vessel traffic management worldwide. Essentially, AIS is a tracking system used on ships and by vessel traffic services (VTS) to identify and locate vessels by electronically exchanging data with other nearby ships, AIS base stations, and satellites. This technology allows ships to broadcast important information such as identification, position, course, and speed, enabling a real-time overview of marine traffic for both navigational and safety purposes. The system is vital in busy sea lanes, aiding in collision avoidance and maritime security, ensuring smoother and safer sea voyages. As of 2023, the market for these systems has been valued at US$ 54 million, with projections suggesting a growth to US$ 69 million by 2030, marking a compound annual growth rate (CAGR) of 3.0%. This growth is indicative of the increasing adoption of AIS technologies across the maritime sector, driven by stringent safety regulations and the growing need for efficient maritime traffic management.
Class A Marine AIS, Class B Marine AIS in the Global Shipboard Automatic Identification Systems Market:
Diving deeper into the Global Shipboard Automatic Identification Systems Market, we find two primary classifications of AIS used aboard vessels: Class A Marine AIS and Class B Marine AIS. Class A Marine AIS is designed for use on large commercial vessels such as cargo ships and tankers. These systems provide a wide range of data transmission including dynamic vessel information, voyage-related information, and static information about the ship, which is transmitted at a higher frequency compared to Class B systems. This ensures that Class A equipped vessels are constantly visible to AIS-equipped ships and tracking systems, even in areas of high traffic density or during adverse weather conditions. On the other hand, Class B Marine AIS is tailored for smaller vessels that may not be mandated to carry the more sophisticated Class A systems. Despite transmitting less information at a lower frequency, Class B systems still significantly enhance the safety of these vessels by making them visible to nearby traffic and maritime authorities. Both classes play pivotal roles in the AIS ecosystem, catering to different segments of the maritime industry, and are integral components of the global effort to improve maritime safety and navigation efficiency.
Merchant and Passenger Ships, Recreational Boats, Fishing Vessels, Others in the Global Shipboard Automatic Identification Systems Market:
The usage of the Global Shipboard Automatic Identification Systems Market spans various maritime sectors, including Merchant and Passenger Ships, Recreational Boats, Fishing Vessels, among others. In the realm of Merchant and Passenger Ships, AIS systems are indispensable for the real-time tracking and management of vessel movements, significantly enhancing navigational safety and operational efficiency. These systems facilitate precise tracking, aiding in the avoidance of collisions and enabling more efficient route planning, which is crucial for these high-capacity vessels. For Recreational Boats, AIS provides a safety net by making these smaller vessels visible to larger, AIS-equipped ships, thereby reducing the risk of accidents. This is particularly important in busy waterways where recreational boats frequently share space with commercial traffic. Fishing Vessels also benefit from AIS technology by ensuring these often smaller and more vulnerable vessels are visible to nearby ships and maritime authorities, enhancing their safety at sea. Additionally, AIS data can be used to monitor fishing activities, aiding in the enforcement of fishing regulations and the protection of marine resources. The "Others" category encompasses a range of vessels, including but not limited to, service ships, government vessels, and research ships, all of which utilize AIS to improve operational efficiency and safety. Across these diverse applications, the Global Shipboard Automatic Identification Systems Market plays a vital role in modern maritime operations, underscoring its importance in global efforts to ensure safer and more efficient use of the world's waterways.
Global Shipboard Automatic Identification Systems Market Outlook:
The market outlook for the Global Shipboard Automatic Identification Systems (AIS) presents a promising future, with the sector's valuation at US$ 54 million in 2023, and an expected rise to US$ 69 million by 2030. This growth trajectory, marked by a compound annual growth rate (CAGR) of 3.0% during the forecast period from 2024 to 2030, reflects the increasing reliance on AIS technologies across the maritime industry. Leading the market, SRT Marine has captured approximately 23% of the global revenue, closely followed by Alltek Marine, which holds about 21%. This competitive landscape highlights the innovation and expansion within the AIS market, as companies strive to meet the growing demand for advanced maritime safety and navigation solutions. The projected growth underscores the critical role of AIS systems in enhancing maritime safety, operational efficiency, and regulatory compliance, making it a key area of investment for stakeholders in the maritime sector.
| Report Metric | Details |
| Report Name | Shipboard Automatic Identification Systems Market |
| Accounted market size in 2023 | US$ 54 million |
| Forecasted market size in 2030 | US$ 69 million |
| CAGR | 3.0% |
| 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, Xinuo, Fujian Feitong Communication Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
