DUBLIN, June 27, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Satellite-based Automatic Identification Systems Market 2016-2020" report to their offering.
The report forecasts the global satellite based automatic identification systems (S-AIS) market to grow at a CAGR of 25.48% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which is boosting market growth is the use of the AIS tool for new marine transportation applications. AIS was mainly conceived for deployment on vessels for the purpose of safety and avoidance of collision. The flexible technology of AIS is now enabling other marine applications such as aids to navigation (ATON), an AIS transceiver specially designed for installation on buoys, lighthouses, and other maritime infrastructure.
According to the report, a key growth driver is the increased maritime traffic. Over the decades, the maritime traffic has increased significantly with the increasing number of ships traversing the oceans. Maritime traffic has approximately increased four-fold during the last two decades. The major reason for increased traffic is world trade. Industrial nations and emerging economies of energy and mineral resources such as China and India are highly involved in goods transport to distant countries via waterways.
Further, the report states that one challenge that could hamper market growth is the high cost of replacing satellites at the end of their service life. Though satellites are insured, companies do not get any insurance against losses such as business interruptions, revenue losses, and the presence of anti-satellite devices.
- Iridium Communications
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by transponders type
PART 07: Market segmentation by application
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
For more information visit http://www.researchandmarkets.com/research/hvs6bs/global
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SOURCE Research and Markets