According the report, Development in Satellite-based AIS Integration is one of the primary growth factors for the market. Exponential Increase in Maritime Trade and Shipping
is also expected to contribute significantly to the Automatic Identification System market. Overall, Vessels Tracking
applications of Automatic Identification System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Automatic Identification System market identified that the demand is rising in many different parts of the world as "The Asia Pacific Presents Excellent Opportunity to Grow, because of Fast-Growing Shipping Industry". Furthermore, some recent industry insights like "In 2020, exactEarth Ltd., Canada-based one of the market leaders in Satellite-AIS data services has announced strategic Divestiture of 4 of its satellites, associated spectrum licenses, and ground station assets to Australia-based Myriota PTY Ltd. Myriota specializes in IoT solutions through nanosatellite connectivity." is constantly making the industry dynamic. One of the challenges that industry facing is "Continuous Ugradation in Technologies with Better Accuracy"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automatic Identification System market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automatic Identification System market and other related sub-markets covered in the study.
o Key & emerging players in the Automatic Identification System market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Automatic Identification System market size is calculated using market estimation process, the Automatic Identification System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automatic Identification System market size has been validated using both top-down and bottom-up approaches.