WiseGuyReports announced addition of new report, titled “Global Satellite-based Automatic Identification Systems Market 2016-2020”.
PUNE, INDIA, June 25, 2018 /EINPresswire.com/ —
The new report study for the Global Satellite-based Automatic Identification Systems (S-AIS) provide the complete overview of the Automatic Identification Systems market, the research have been expanded by major transponder type (Class A and Class B transponder) and base on various other factors.
The rise of marine trade transport is creating a high risk for wrecks and collisions, resulting in elevated economic costs. According to the rules of the International Maritime Organization (IMO), all vehicles must be deployed with S-AIS units to avoid collision and increase safety standards. AIS can increase security and optimize operating costs with satellite contact. Plus, large data and analytical tools can increase the quality of compiled data to keep the vehicle predictable from many vehicles.
As per report analysts, the global satellite based automatic identification systems (S-AIS) market to grow at a CAGR of 25.48% during the period 2016-2020.
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Adoption of virtual ATON growth to increase situational awareness and navigation security will have a positive impact on the growth of this market during the future period. Flexible technology of AIS has asked vendors to implement it in other marine applications such as Navigation (ATON).
ATON is a very effective and cost-effective navigation method to increase the awareness of marine domain by officials. It identifies accurate real-time status such as buoys and lighthouse as well as communication and existing equipment like as lanterns.
Moreover, the S-AIS applications help in storm and hurricane disaster management and volcanic control, which is very serious in this area. The market for AIS will increase in the next four years due to the implementation of large data analysis services.
S-AIS market transponders, during the future period, Class A transponders will dominate the market and the CAGR, which is more than 40% by 2020, is expected to increase. The growth of this segment is mainly due to the ability to transmit this transponders information more frequently and even in dense areas. Many merchant ships with expensive goods are setting up Class A transponders get high traceability and better monitoring and controlling features.
The report Global Satellite-based Automatic Identification Systems Market provide extensive primary research includes detailed analysis of properties and quantitative aspects of various industrial experts, to gain key insights into market and industrial performance for key opinion leaders.
This report gives a clear picture of the S-AIS market conditions, which include market value and volume, technological advancement, macro financial vision, and governmental market conditions. The study of report gives information and policy information about the top players in the industry. The study and analysis have been carried out a through various market departments and departments.
The region wise segmentation of market the United States is leading, while North America had about 40% of the total regional revenue, and was the primary reason for the growth of this area due to the development of AIS measures for US national protection. Followed by APAC and EMEA.
The major players cover in the S-AIS report are exactEarth, Iridium, ORBCOMM, Saab, Thales, New JRC, Furuno Electric, Garmin International, Raytheon, L-3 Communications, Kongsberg, Ray marine, and Maritec.
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Source: EIN Presswire