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. Based on navigation component, the market has been categorized into buoys, lighthouses, and others (fog signals, day beacons). In terms of end-use industry, the market has been divided into maritime tourism, maritime authorities, maritime agencies, port operators, and offshore wind farms. Based on region, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report provides in-depth segment analysis of the global AtoN management and monitoring system market, thereby providing valuable insights at the macro as well as micro levels.
In terms of region, Asia Pacific is projected to lead the global AtoN management and monitoring system market during the forecast period. Asia Pacific is expected to dominate the global AtoN management and monitoring system market primarily due to an increase in marine traffic, particularly in countries such as China, India, and Japan. The AtoN management and monitoring systems market in South America is anticipated to expand at a rapid pace. It is expected to be followed by the market in Europe and North America. The market in Middle East & Africa is expected to expand at a sluggish pace in the coming years as compared to the market in other regions of the world.
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The global AtoN management and monitoring system market is largely driven by an increase in marine trade across the world and high coastal security concerns and demand from the defense sector. Key players profiled in the report include Tideland, GISMAN, McMurdo Group, i-Marine Technologies, Pharos Marine Automatic Power Inc., Navielektro, Greenfinder, Carmanah Technologies Corp., Vesper Marine, and Pinc Technology Sdn Bhd.
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