Europe Automatic Identification System Market – Size, Outlook, Trends and Forecast (2024 – 2032)

AIS systems are used to track the vessels which are fitted with transceivers on the coastal line. Information provided by the AIS includes speed, course, identification and position which is displayed on the screen. Operations in the VHF maritime band are performed through the broadcast transponder system. AIS should be switched on all the times except for the emergency reasons.

Europe Automatic Identification System Market Size:

Europe Automatic Identification market is poised to reach the value of $XX million in 2024 from $XX million in 2017, growing with the CAGR of XX%. Key points like better navigation and maritime traffic management, enhanced coastal surveillance, improvement in monitoring the movements of other vehicles and quick and accurate information about collisions when used with dynamic data are driving the market growth. Whereas the facts like range and reporting capabilities, wrong equipment settings and data manipulation practices and fishing vessels cannot be fitted with AIS are hampering the market growth. The market has opportunities like increasing government involvement and growth in security concerns associated with monitoring vessels are creating a chance for the market to explore in all the regions.

Europe Automatic Identification System Market Share:

The market is segmented as by class, by platform, by application and by geography. By class, the market is classified into class A, class B and AIS base stations. Class A segment dominates the market owing to the increasing number of vehicles in operations and demand for class A AIS devices. Class B and AIS base stations are promising segments. By platform, the market is segmented into vessel-based and on-shore based. Vessel-based is the largest segment due to the higher adoption rate, and the on-shore segment is the fastest growing segment owing to the usage in predominant applications of the marine fleet. By application, the market is classified into fleet management, vessels tracking, maritime security and others. Vessel tracking segment is the large market as well as fastest growing due to the large range incorporation of AIS systems in the vessel tracking.  By geography, the market is classified into UK, Germany, France, Italy, Spain and others. Europe is the promising market after North America as the countries have inclined growth in the regard of AIS systems and presence of major companies.

Europe Automatic Identification System Market Trends:

• Exactearth has launched high-performance AIS payload on Spanish radar satellite named Pez.
• Kongsberg Seatex has been contracted with Gatehouse A/S in the regard of AIS base stations.

Europe Automatic Identification System Market Research Reports Includes:

• An executive summarycondensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
• Identifying DROC in the current market and their impact on altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • SAAB AB
  • Comnav Marine
  • Furuno Electric Co. Ltd.
  • Orbcomm Inc.
  • L-3 Communication Holdings Inc.

Along with these companies, there were many other companies are considered in the report while analysing the Europe Automatic Identification System market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.