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Technavio’s market research analyst predicts the global satellite-based automatic identification systems (S-AIS) market to grow tremendously at a CAGR of more than 25% by 2020. The rise in maritime traffic is creating a high risk of wrecks and collisions, resulting in elevated economic costs. According to the International Maritime Organization (IMO) regulations, it is compulsory that all the vessels should be deployed with the AIS unit to monitor the shipping traffic to prevent collision and increase safety standards. The AIS together with satellite communication can increase safety and optimize the operational costs. Also, big data and analytical tools can enhance the quality of the collected data from several vessels to uphold predictive maintenance.
The flexible technology of AIS has prompted vendors to implement it in other marine applications such as aids to navigation (ATON). ATON is a highly effective and cost-efficient navigation method to enhance maritime domain awareness for authorities. It transmits the identity and accurate real-time position of the aids to navigation such as buoys and lighthouses and also enables the remote monitoring and control of existing equipment such as lanterns. The increased adoption of virtual ATON to increase situational awareness and navigation safety will positively influence the growth of this market during the forecast period.
The Class A transponder segment will dominate the market during the forecast period and is expected to grow at a tremendous CAGR of more than 40% by 2020. Much of this segment’s growth is primarily due to the ability of these transponders to transmit information more frequently and detect vessels even in dense areas. Several commercial vessels carrying expensive commodities are installing Class A transponders to achieve high traceability and better monitoring and controlling features. The increase in the number of larger vessels in maritime traffic and decrease in the price of transponders will augment the growth of this segment during the forecast period.
During 2015, the Americas dominated the market, where North America accounted for almost 40% of the overall regional revenue. The primary reason for this region’s growth is due to the increasing development of AIS solutions for the US national defense. The AIS applications help in storm and hurricane disaster management and in volcano monitoring, which is highly critical in this region. The implementation of big data analytics services will boost the market for AIS in the region over the next four years.
Companies such as ORBCOMM and exactEarth have a strong presence in the market. Intense competition prevails between them in terms of advanced digital signal processing features and data analytics solutions. The market is expected to witness the entry of companies that have expertise in in satellite technology and possess data aggregation capabilities, which will intensify the competition.
Key vendors in the market are -
Other prominent vendors in the S-AIS market are New JRC, Furuno Electric, Garmin International, Raytheon, L-3 Communications, Kongsberg, Raymarine, and Maritec.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by transponders type
PART 07: Market segmentation by application
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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