The global Satellite AIS (Automatic Identification System) market is expected to experience significant growth between 2023 and 2030. This vessel identification system is used for collision avoidance, identification, and location information. It also plays a vital role in maritime domain awareness, search and rescue, environmental monitoring, and maritime intelligence applications.
Due to the COVID-19 pandemic, the market size is estimated to be worth millions of dollars in 2022. However, it is forecasted to readjust to a larger size by 2028, with a Compound Annual Growth Rate (CAGR) during the review period. The Class A Transponder accounted for a majority share of the Satellite AIS market in 2021 and is projected to continue growing in the post-COVID-19 period.
The market size of Satellite AIS in China, the US, and Europe is valued at millions of dollars. China is expected to see the largest proportion of the market share by 2028. Japan, South Korea, and Southeast Asia are also significant markets for Satellite AIS in Asia. In Europe, Germany is projected to have substantial growth over the forecast period.
The key manufacturers in the Satellite AIS market include exactEarth, ORBCOMM, L-3 Communications, Kongsberg, Raymarine, and Maritec. These top players have a significant share of the market in terms of revenue.
The Satellite AIS market is segmented by Type and Application. The types of Satellite AIS available in the market include Class A Transponder and Class B Transponder. The market is led by regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
The market growth is driven by the growing demand for applications such as defense, intelligence and security, search and rescue, and others. The increasing adoption of Satellite AIS strategies by key players further contributes to the market’s growth.
In conclusion, the global Satellite AIS market is expected to witness substantial growth in the coming years. Factors such as the demand for maritime safety and the increasing adoption of Satellite AIS technologies drive this growth. The market is led by regions like China, the US, and Europe, with key manufacturers dominating the industry.