Market Forecast
The global automatic identification system market is projected to reach USD 266.7million by 2027 and register a CAGR of 4.2% between 2019 and 2027.The growth in the seaborne trade and maritime tourism industry globallyisdriving the growth of the market. Furthermore, improved navigation and maritime traffic management is fueling the growth of the market.

Market USP

Increasing demand for advancedmaritime traffic management solutions.

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Growth Opportunities in the Market

Class A segment expected to register high growth: The class Asegment accounted for the largest market share in 2019 andis expected to exhibit a high CAGR during the review period. The high usage of class A AIS for maritime traffic management is driving the growth of this segment.

Vessel-based platformsegment expected to register a high growth rate: The vessel-based platformsegment accounted for the largest market share in 2019.The increasing deployment of AIS on marine vessels is driving the growth of the segment.

Fleet management segment expected to register a higher growth rate: The fleet management segment is expected to exhibit a high CAGR during the review period. Increasing investments by the marine vessel operators on the advanced technologies for managing their vessels drives the growth of this segment.

Key Players
• Exactearth (Canada)
• Kongsberg Gruppen ASA (Norway)
• SAAB AB (Sweden)
• Furuno Electric Co. Ltd (Japan)
• L-3 Communication Holdings Inc. (US)
• Orbcomm Inc. (US)
• True Heading AB (Sweden)
• Garmin International (Switzerland)
• CNS Systems AB (Switzerland)
• Japan Radio Company Ltd (Japan)