How big is the Automatic Identification System Market?

The Automatic Identification System Market size is expected to reach USD 384.51 million in 2024 and grow at a CAGR of 6.85% to reach USD 535.55 million by 2029. Read More

What is the current Automatic Identification System Market size?

In 2024, the Automatic Identification System Market size is expected to reach USD 384.51 million. Read More

Who are the key players in Automatic Identification System Market?

Saab AB, Furuno Electric Co. Ltd, ExactEarth Ltd, Orbcomm Inc. and Garmin Ltd are the major companies operating in the Automatic Identification System Market. Read More

Which is the fastest growing region in Automatic Identification System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automatic Identification System Market?

In 2024, the North America accounts for the largest market share in Automatic Identification System Market. Read More

What years does this Automatic Identification System Market cover, and what was the market size in 2023?

In 2023, the Automatic Identification System Market size was estimated at USD 358.17 million. The report covers the Automatic Identification System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automatic Identification System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automatic Identification System Market Share

Statistics for the 2023 & 2024 Automatic Identification System market share, created by Mordor Intelligence™ Industry Reports. Automatic Identification System share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automatic Identification System Industry

The global automatic identification system market is tending toward a fragmented market as the established players in the market dominate it. Due to significant innovations and increased partnerships by the players with Homeland Security agencies, the market is leading to a massive demand for AIS solutions. The recent developments in the market are:

In June 2022, the Singapore Maritime Institute (SMI) and the National Research Foundation Singapore formed the research and development partnership Rightship Maritime Artificial Intelligence (RMAI) research and development (R&D) to promote artificial intelligence (AI)-based vessel risk profiling. Software vendor Kongsberg Digital AS, technology company Wärtsilä Voyage Limited, and shipper RightShip are other partners. Rightship is offering a research grant of up to USD 4.5 million to more than 80 Singaporean AI professionals as part of a potential collaboration working proposal.

In June 2022, Accelleron, the renamed ABB Turbocharging subsidiary, signed two new data collecting and analysis collaborations with Hoppe Marine and Danelec Marine, respectively. The new joint service with Danelec will provide real-time operating data by combining Accelleron's Tekomar XPERT marine performance analysis system and the DanelecConnect maritime Internet of Things (IoT) product. Data will be collected from vessel systems such as the automation system, the voyage data recorder, the global positioning system (GPS), the electronic chart display and information system (ECDIS), the gyro compass, the engine, the propeller, the automatic identification system (AIS), and individual sensors. Tekomar XPERT will be used to examine the data and provide recommendations on possible efficiency enhancements and procedures to minimize downtime for maintenance or repairs in port.