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Automatic Identification System Market Worth $1076.34 Million by 2020


News provided by

MarketsandMarkets

10 Apr, 2015, 17:30 GMT

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DALLAS, April 10, 2015 /PRNewswire/ --

According to a new market research "Automatic Identification System Market by Class (Class A, Class B, & Only Receiver), by Platform (Vessel-Based, Onshore-Based & Satellite Based), by Application (Traffic Management, Vessels Tracking, Ocean Race Management, Maritime Security, Marine Environment Protection, and Fishery Control) and by Geography - Global Forecasts & Analysis to 2014 - 2020", published by MarketsandMarkets, global Automatic Identification System Market to reach $1076.34 Million by 2020, the Asia-Pacific region to experience highest growth during the forecast period.

Browse 71 market data Tables and 53 Figures spread through 160 Pages and in-depth TOC on  "Automatic Identification System Market - Global Forecasts & Analysis to 2014 - 2020".

http://www.marketsandmarkets.com/Market-Reports/automatic-identification-system-market-138357200.html
Early buyers will receive 10% customization On this report.

Evolution of marine transport and fundamental changes in international trade has a direct impact on development of new technologies in order to manage the growing marine traffic. Globalization is considered to be a major and the most important factor that has built and expanded the marine transport industry as it stands today.

Increasing world trade and growing marine traffic are considered as a major aspect leading to the transformation marine transport. Over the last decades usage of Automatic Identification Systems Market witnessed a drastic increase. The concerned authorities made significant investments, in order to integrate automatic identification systems that helped in reducing marine accidents and enhancing marine traffic management.

The global market for automatic identification system has been bifurcated on the basis of on the basis of platform (Vessel-based, onshore-based, and satellite-based), on the basis of Class (Class A, Class B and Only receiver), on the basis of Application (traffic management, vessels tracking, ocean race management, maritime security, marine environment protection, and fishery control) and by Geography including major region and countries.

Speak to Analyst @  http://www.marketsandmarkets.com/speaktoanalyst.asp?id=138357200

 The global market for automatic identification system is estimated to reach $1076.34 million by 2020, registering a CAGR of 4.99%. Asia-Pacific is expected to register higher CAGR, led by China and the total market for automatic identification system in this specific region is projected to account higher market share as compared to other regions.  It is reported that large scale terrestrial automatic identification system development program implemented by the concerned authorities in this specific region is the major factor that will drive the demand of automatic identification system, furthermore fuelling the growth of automatic identification system market.

Major players in automatic identification systems market include Furuno Electric Co. Ltd (Japan), Japan Radio Co. Ltd. (Japan), Saab Transponder Tech AB (Sweden), exactEarth (Canada), ORBCOMM (U.S.) among others.

Browse Related Reports 

SONAR Systems and Technology Market by Type - Active, Passive, By Application - Commercial (hydrography, fisheries), Military (anti warfare, airborne, weapons, and submarine), Scientific (biomass estimation, wave measurement, bathymetric mapping, and medical imaging), System Type - Single Beam Scanning, Multi-beam, Side Scan, Synthetic Aperture, Diver Detection SONAR, and Geography - Forecasts & Analysis to 2014 - 2020

http://www.marketsandmarkets.com/Market-Reports/sonar-systems-technology-market-142612945.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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