Automatic Identification System (AIS) Market Technology, Size, Trends, Growth by MDL
The market for Automatic Identification Systems (AIS) Market is anticipated to develop steadily at a rate of 5.2% per year from 2021 to 2031 , reaching a value of $455.0 million. The expansion of the naval industry, the rise in demand for monitoring and tracking ships at sea, the expansion of international seaborne trade, and the development and adoption of satellite AIS, Big Data analytics, and Internet of Things (IoT) connectivity all contribute to the market's growth. With the increased commerce in goods and commodities between nations in recent years, the international seaborne trade sector has seen tremendous expansion. To ensure marine safety and security, there is an increasing need for efficient vessel monitoring and tracking systems. By providing real-time data on the position, speed, and identity of vessels, automatic identification systems significantly contribute to improving situational awareness and enabling effective communication and navigation. Get a Sample Repor