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Global Automatic Identification System Market Research Report 2016

Press Release   •   Aug 16, 2017 07:40 EDT

Global Automatic Identification System Market Research Report 2016

The rise in maritime traffic is creating a high risk of wrecks and collisions, resulting in elevated economic costs. According to the International Maritime Organization (IMO) regulations, it is compulsory that all the vessels should be deployed with the AIS unit to monitor the shipping traffic to prevent collision and increase safety standards. The AIS together with satellite communication can increase safety and optimize the operational costs. Also, big data and analytical tools can enhance the quality of the collected data from several vessels to uphold predictive maintenance.

The flexible technology of AIS has prompted vendors to implement it in other marine applications such as aids to navigation (ATON). ATON is a highly effective and cost-efficient navigation method to enhance maritime domain awareness for authorities. It transmits the identity and accurate real-time position of the aids to navigation such as buoys and lighthouses and also enables the remote monitoring and control of existing equipment such as lanterns. The increased adoption of virtual ATON to increase situational awareness and navigation safety will positively influence the growth of this market during the forecast period.

Download sample pages of this report:https://goo.gl/3Ws7t2

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 programmer 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 significant opportunity for the expansion of market over the forecast period.

Download sample pages of this report:https://goo.gl/3Ws7t2

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