AIS Transponder Market Size, Share, Growth, and Industry Analysis by Type (Class A Marine AIS, Class B Marine AIS), by Application (Merchant Marine, Recreational Boats, Fishing Vessels, Others), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

AIS Transponder Market Report Overview

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The global AIS transponder market size was USD 48 million in 2020 and the market is projected to touch USD 102 million by 2032 at a CAGR of 6.5% during the forecast period.

An automatic identification system market is designed to enable two-way communication between various vessels and onshore-based coastal authorities. The system is proficient of providing static, dynamic, and expedition data about a ship to other ships in the locality and to nearby coastal authorities. AIS transponders are electronic devices used to monitor and track ships and other vessels at sea. They are fixed on board the vessel and broadcast data regularly through VHF radio signals. The transponder also receives AIS messages from other ships in its locality so that it can regulate their location as well as its own. AIS transponders are also used to enable communication between vessels and shore-based systems. This makes it a precious tool for safe navigation, evading accidents at sea and monitoring the movement of vessels in clogged waters.

Furthermore, AIS equipment provides information such as unique identity, course, speed, and location that gets displayed on the screen. This equipment is designed to assist an officer of vessel by allowing maritime authorities to track as well as monitor vessel movements. AIS transmitters are also used by rescue teams when tracing survivors from downed ships or aircraft at sea during large scale search & rescue operations due their ability to transmit signals over long distances. The government has made mandatory regulations regarding the implementation of AIS in order to augment the safety & security of ships. Strict government regulation is expected to motivate the growth of the market. Participants are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

The global COVID-19 pandemic has been unprecedented and staggering, with AIS transponder market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

AIS Transponder Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into class A marine AIS, class B marine AIS.

Class A marine AIS will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into merchant marine, recreational boats, fishing vessels, others.

AIS transponder market players cover segment as merchant marine will dominate the market share during forecast period.

Driving Factors

"Demand in vessel traffic management to boost the market growth"

AIS transponders can be used to monitor traffic in clogged waters such as ports or busy shipping lanes by providing immediate information on the position, speed, and course of neighbouring vessels. This can help reduce risks associated with close sectors navigation by permitting sailors to sense potential threats prior than they would be able to do with traditional methods such as radar or visual detection on own.

"Technological advancement and development to upsurge the market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the AIS transponder market growth. Growing investment in research and development activities and growing awareness about benefits of AIS transponder are expected to deliver profitable opportunities for the market. Constant development in coating practices are one of the trends in the coating tool market in variety of practices.

Restraining Factors

"High cost of installation & maintenance to hamper the market growth"

High cost is hampering development of AIS transponder market. High cost of installation & maintenance and technical difficulties in tracking during bad weather impede the growth of the market. Technical difficulties will reduce the industry revenue.

AIS Transponder Market Regional Insights

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"Asia Pacific to dominate the region due to demand of vessel tracking and monitoring"

Asia Pacific is further expected to witness growth in the AIS transponder market share. The region is dominating the market due to rising demand of vessel tracking and monitoring. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• SRT Marine (U.K.)
• Alltek Marine (Taiwan)
• Furuno (Japan)
• Japan Radio Company (Japan)
• Vesper Marine (New Zealand)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.