Global Satellite-based Automatic Identification Systems Market 2016-2020 - Increased Maritime Traffic a Key Driver - Research and Markets

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.

Key vendors:

• exactEarth
• Iridium Communications
• ORBCOMM
• Saab
• Thales

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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