Fmi: Automatic Identification System Market Value Share, Supply Demand, Share and Value Chain 2015-2025

Automatic identification system is a type of tracking system used on ship by vessel traffic services (VTS). It helps in identifying the location of vessel with the help of electronically exchanging data between various nearby vessels, automatic identification system base stations and satellites. An automatic identification system is designed specifically to enable two-way communication between on-shore based coastal authorities and various vessels. Globalization is considered as one of the important factor responsible for the growth and expansion of maritime transport industry. Marine transportation is expanding significantly due to increasing global trade. Also maritime transportation is less expensive as compare to other mode of transportation. These all factors are encouraging growth of global automatic identification market.

Automatic Identification System Market: Drivers and Restraint

Global automatic identification system market is expected to witness significant growth during the forecast period. Factors which are driving the growth of global automatic identification system market are evolution of marine transportation, better maritime traffic management and navigation facility, growth on number of merchant fleet and improved coastal surveillance. Furthermore, large scale terrestrial automatic identification system development programme in developed regions expected to fuel the growth of global automatic identification system market significantly. On the other hand factors which are restraining the growth of global automatic identification system market are limitation of range and reporting facilities between vessels and on-shore costal authorities. Automatic identification market is also facing challenge of data manipulation practices, to overcome this challenge strict automatic identification system (AIS) cyber security is required. However, increasing government involvement and investment to integrate the system into vessel is expected to create...