S-AIS: Key market research findings
- Increased maritime traffic drives market growth
- Americas dominate the market geographically
- Key vendors – exactEarth, Iridium, ORBCOMM, Saab, and Thales
Technavio’s market research analysts predict the global S-AIS market to reach almost $140 million between 2016 and 2020. The increased maritime traffic is the fundamental driver for growth in the market. The growing maritime traffic creates a high risk of wrecks and accidents, resulting in high economic costs. Therefore, automatic identification systems (AIS) in connection with satellite communication can increase safety and optimizethe operational costs. Furthermore, big data and analytical tools enhance the quality of data gathered from numerous vessels to uphold the predictive maintenance. At present, the Americas dominate the global satellite-based automatic identification systems (S-AIS) market with a revenue of more than $23 million, with the US and Canada being the key revenue generators. The booming of the market in this region can be accredited to the increasing development of AIS solutions for the US national defense. The rapid adoption of big data analytics services is expected to contribute to growth in the S-AIS market in the Americas in the coming years.
The new market research report from Technavio presents a breakdown and analysis of the S-AIS segments based on application.
“The use of AIS tools for new maritime applications is an upcoming trend in the market. Even though it was conceived for the deployment on vessels for the purpose of safety and avoidance of collision, the flexibility of AIS technology enables various other maritime applications such as aids to navigation (ATON). ATON is an AIS transceiver specifically designed for installation on buoys, lighthouses, and other maritime infrastructure. It is a highly effective and cost-efficient navigation method to enhance maritime domain awareness for authorities,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
Currently, the defense segment accounts for a revenue of almost $14 million to dominate the global S-AIS market. AIS data helps defense forces achieve real-time monitoring and detecting vessels through critical information pertaining to warships, coast guards, and other government related vessels. Innovations and advancements in AIS network effectively enhance the quality of data used for defense applications. The majority of the government agencies are adopting AIS technology to provide defense services in various applications.
The key vendors in the market include exactEarth, Iridium, ORBCOMM, Saab, and Thales. Companies such as ORBCOMM and exactEarth have a strong presence in the market. Intense competition prevails between them in terms of advanced digital signal processing features and data analytics solutions. The market is expected to witness the entry of companies that have expertise in in satellite technology and possess data aggregation capabilities, which will intensify the competition.
A more detailed analysis is available in the Technavio report, Global S-AIS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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