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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.

Browse Detail Report With TOC @

https://marketreportscenter.com/reports/300798/global-satellite-based-automatic-identification-systems-market-2016-2020

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.

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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...