Global Automatic Identification System Market Size, Share, Growth Analysis, By Type(Class A, Class B), By Application(Vessel Tracking and Monitoring, Collision avoidance) - Industry Forecast 2024-2031

Report ID: SQMIG45E2117 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 67 | Figures: 75

Global Automatic Identification System Market News

In December, 2022 Thales revealed its latest offering, the Thales multimodal biometric pod, a comprehensive solution designed to facilitate seamless management of border and immigration operations for travelers. This innovative solution combines iris and face capture and recognition capabilities, enabling swift and secure enrollment and verification of individuals at border checkpoints. With its contemporary design, the pod fulfills the requirements of authorities operating in highly secure areas, providing an effective tool for enrollment and identification purposes.

In June 2022, Accelleron, formerly known as the ABB Turbocharging subsidiary, announced two new collaborations focused on data collection and analysis. These partnerships involve Danelec Marine and Hoppe Marine. One of these collaborations involves a joint service with Danelec, which combines Accelleron's Tekomar XPERT marine performance analysis system with DanelecConnect, an Internet of Things (IoT) product specifically designed for the maritime industry.

In April, 2022 LexisNexis introduced AmplifyID, a cutting-edge identity-centric platform. AmplifyID is designed to prioritize identity verification in critical decision-making processes. This platform expands LexisNexis' expertise across both public and private sectors, enhancing identity management in vital agency activities. By providing robust security measures and improving service coordination, fraud prevention, program integrity, policy understanding, and decision-making, AmplifyID offers a secure and powerful solution.

In October, 2021 Experian formed a partnership with Citadel API to enhance verification capabilities. This collaboration enables lenders to access over 120 million consumer-permissioned payroll accounts. By integrating Citadel API's technology into its existing suite of digital verification solutions, Experian empowers lenders with the ability to securely access permissioned payroll records from more than 40 top payroll providers across the United States.

In September, 2021 Equifax introduced its Digital Identity Suite solution, aiming to streamline the rental application process. This suite includes a document verification tool that utilizes facial recognition to match a selfie with the photo on an identification document. The platform's auto-fill feature simplifies the application process, while the device verification tool ensures that the device is in the possession of its rightful owner. Equifax's solution offers convenience and security to both renters and property managers alike.

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Global Automatic Identification System Market size was valued at USD 53.56 billion in 2022 and is poised to grow from USD 59.83 billion in 2023 to USD 144.98 billion by 2031, growing at a CAGR of 11.70% during the forecast period (2024-2031).

Global Automatic Identification System (AIS) market is highly competitive, with several players vying for a share of the market. The industry is characterized by constant innovation and technological advancements, as companies strive to stay ahead in this rapidly evolving sector. Players in the market offer a diverse range of AIS solutions, including hardware devices, software applications, and integrated systems. Market leaders in the AIS sector have established a strong presence by investing heavily in research and development, enabling them to introduce cutting-edge technologies and stay ahead of the competition. These companies leverage their extensive industry experience and global reach to cater to a wide customer base and expand their market share. Collaborations, partnerships, and mergers and acquisitions are common strategies employed by companies in the AIS market to enhance their competitive position. By joining forces, companies aim to leverage complementary strengths, access new markets, and broaden their product portfolios. These strategic moves also enable companies to pool resources and expertise, leading to accelerated innovation and growth. 'Honeywell International Inc. (US)', 'Siemens AG - (Germany)', 'Zebra Technologies Corporation(US)', 'Datalogic S.p.A. (Italy)', 'SICK AG (Germany)', 'Cognex Corporation (US)', 'Impinj, Inc. (US)', 'NXP Semiconductors N.V(Netherlands)', 'SATO Holdings Corporation(Japan)', 'Toshiba Tec Corporation(Japan)', 'Balluff GmbH (Germany)', 'JADAK, a Novanta Company (US)', 'Identiv, Inc.(US)', 'Omron Corporation (Japan)', 'Alien Technology, LLC (US)', 'Zetes Industries SA (Belgium)', 'CipherLab Co., Ltd. (Taiwan)', 'Bluebird Inc. (South Korea)', 'Denso Wave Incorporated (Japan)', 'FEIG ELECTRONIC GmbH (Germany)'

Growing maritime trade is a significant driver of the global Automatic Identification System (AIS) market. As global trade volumes continue to increase, there is a growing need for efficient and secure maritime operations. AIS technology enables real-time tracking and monitoring of vessels, providing critical information such as position, speed, and course. This information is invaluable for optimizing logistics, managing vessel traffic, and ensuring the timely delivery of goods. AIS systems enhance situational awareness, allowing businesses to make informed decisions regarding route planning, port operations, and risk mitigation. The demand for AIS solutions is propelled by the need to improve the safety, efficiency, and reliability of maritime trade, making it a key driver in the global AIS market.

Government regulations have been put in place to enforce the adoption of automatic identification systems (AIS) in order to enhance the safety and security of ships. The International Maritime Organization (IMO) introduced a mandatory requirement in the year 2000, stating that all ships must be equipped with AIS to automatically transmit ship information to other vessels and coastal authorities. This regulation applies to ships with a gross tonnage of 300 and above engaged in international voyages, cargo ships with a gross tonnage of 500 or more that are not involved in international voyages, and all passenger ships regardless of size. The implementation of AIS as per these stringent government regulations is expected to be a key driver for the growth of the automatic identification system market.

North America dominated the global market. The region has a well-developed maritime infrastructure, with major ports and a thriving commercial shipping industry. The United States, in particular, has stringent regulations mandating AIS implementation for vessels of certain sizes and types. These factors have contributed to the high adoption of AIS solutions in North America. Additionally, the region has witnessed increasing investments in maritime domain awareness and defense capabilities, further driving the demand for AIS technology.

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Global Automatic Identification System Market Size, Share, Growth Analysis, By Type(Class A, Class B), By Application(Vessel Tracking and Monitoring, Collision avoidance) - Industry Forecast 2024-2031

Global Automatic Identification System Market News

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