AtoN Management and Monitoring System Market – Snapshot
The global aids to navigation (AtoN) management and monitoring system market is projected to be driven by an increase in marine trade. A rise in marine transport activities across the globe is creating significant demand for marine safety and security and marine traffic management. A rise in marine trade increases the need for appropriate navigation, continuous monitoring of vessels and routes, and managing traffic. All these factors contribute to the growth of the AtoN management and monitoring system market across the world.
VHF-based data exchange systems (VDES) provide a robust and global standard communication system for e-navigation, supporting the safety and efficiency of ship and shore operations. Marine trade is expected to increase steadily in the near future. This is expected to exert pressure on existing marine navigational tools. Therefore, demand for advanced A to N management and monitoring systems is expected to increase in the coming years.
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Additionally, high coastal security concerns and demand for navigational tools from the defense sector are estimated to propel the market. In Asia Pacific, coastal security has always been a priority. In India, demand for coastal surveillance systems and AIS AtoN stations is particularly high. India is expected to account for significant demand for AtoN management and monitoring systems due to its large coastline and high security concerns. Increasing marine trade is also likely to increase demand for (AtoN) management and monitoring systems.
In the U.S., the Coast Guard and the Army Corps of Engineers are pioneers in the future of intra-coastal and coastal navigation. The defense sector in North America is investing significantly in R&D in order to increase coastal safety and security. This is boosting competition among vendors for technological advancements in AtoN and contributing to the growth of the market.
The AtoN management and monitoring systems market has received several opportunities for revenue expansion over the years. Satellite-based AtoN systems are likely to provide attractive opportunities to the market. Innovative SAT-AIS microsatellites and payloads are expected to be developed and launched on a PPP-like basis, and new applications and services are likely to be created by the end of 2019.
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The global AtoN management and monitoring system market has been segmented based on system, type, navigation component, end-use industry, and region. In terms of system, the market has been classified into integrated/suite and standalone. The standalone segment has been further divided into vessel tracking services, coastal surveillance systems, vessel traffic management information systems, and search and rescue. In terms of type, the market has been classified into onshore and offshore.
