About the Satellite Based Automatic Identification Systems (S-AIS) Market
The S-AIS is a very high-frequency automatic vessel tracking system that provides location information to ships and shore stations through electronic exchange of data regarding position, identification, course, and speed. AIS enables two-way communication between coastal authorities and several vessels using satellite communication technology.
This vessel identification system is used to avoid collisions and for maritime domain awareness, search and rescue, environmental monitoring, and maritime intelligence applications. S-AIS is equipped to track the location of vessels in remote places such as open oceans, which is beyond the reach of terrestrial-based AIS monitoring systems.
Technavio’s analysts forecast the global satellite based automatic identification systems (S-AIS) market to grow at a CAGR of 25.48% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global satellite based automatic identification systems (S-AIS) market for 2016-2020. To calculate the market size, the report considers the following:
Technavio Announces the Publication of its Research Report – Global Satellite Based Automatic Identification Systems (S-AIS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global satellite based automatic identification systems (S-AIS) market: exactEarth, Iridium Communications, ORBCOMM, Saab, and Thales.
Other Prominent Vendors in the market are: New JRC, Saab AB, Furuno Electric, Garmin International, Raytheon, L-3 Communications, Kongsberg, Raymarine, and Maritec.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is boosting market growth is the use of the AIS tool for new marine transportation applications. AIS was mainly conceived for deployment on vessels for the purpose of safety and avoidance of collision. The flexible technology of AIS is now enabling other marine applications such as aids to navigation (ATON), an AIS transceiver specially designed for installation on buoys, lighthouses, and other maritime infrastructure.”
According to the report, a key growth driver is the increased maritime traffic. Over the decades, the maritime traffic has increased significantly with the increasing number of ships traversing the oceans. Maritime traffic has approximately increased four-fold during the last two decades. The major reason for increased traffic is world trade. Industrial nations and emerging economies of energy and mineral resources such as China and India are highly involved in goods transport to distant countries via waterways. Information and communications technology have evolved dramatically to reduce the cost of accessibility and mobility. According to IMO regulations, it is mandatory that all the vessels should be deployed with the AIS unit to monitor the shipping traffic to avoid a collision and increase safety aspects.
Further, the report states that one challenge that could hamper market growth is the high cost of replacing satellites at the end of their service life. Though satellites are insured, companies do not get any insurance against losses such as business interruptions, revenue losses, and the presence of anti-satellite devices.
exactEarth, Iridium Communications, ORBCOMM, Saab, Thales, New JRC, Saab AB, Furuno Electric, Garmin International, Raytheon, L-3 Communications, Kongsberg, Raymarine, Maritec.
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