Automatic Identification System Market Overview:
The purpose of this study is to provide a thorough examination of the Automatic Identification System Market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Automatic Identification System market's growth. The study also offers a comprehensive analysis of the market's value chain.
Expected Revenue Growth Analysis:
Automatic Identification System Market size was valued at US$ 218.61 Mn. in 2021 and the total revenue is expected to grow at 4.1 % through 2021 to 2027, reaching nearly US$ 278.21 Mn.
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Market Scope:
The research method used to assess and anticipate the Automatic Identification System market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Automatic Identification System market was calculated using the revenue of significant enterprises.
Segmentation:
Through application, Monitoring and Navigation are expected to rule the Application segment of the Automatic Identification System Market in the upcoming years due to an increase in maritime accidents and a rise in demand for equipment that efficiently controls vessel traffic services. In the second decade of this century, the global commercial naval industry saw a 2.6% growth in demand for Automatic Identification System for Maritime Security due to the increasing instances of piracy and the harm they have done to international trade.
Key Players:
The major players covered in the Automatic Identification System market report are:
• Comar Systems Ltd.
• Hodges Marine
• Honeywell International Inc.
• SAAB AB
• L3 Harris Technology Inc.
• SRT Marine Systems PLC
• Raytheon Technologies Corporation
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Automatic Identification System Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Automatic Identification System market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Automatic Identification System industry, which is driving through the COVID-19 emergency to handle risk digitizing jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Automatic Identification System Market Report are:
Which segment grabbed the largest share in the Automatic Identification System market?
How was the competitive scenario of the Automatic Identification System market in 2022?
Which are the key factors responsible for the Automatic Identification System market growth?
Which region held the maximum share in the Automatic Identification System market in 2022?
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