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.
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.
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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.
The report also includes competitive profiling of key players operating in the AtoN management and monitoring system market around the globe. The important business strategies adopted by leading players, their business overview, financials, strategies, and recent developments have been identified in the research report. The competitive landscape section of the report provides an overview of the presence and activities of key players in regions/countries in order to strengthen their market position in the future.
Global AtoN Management and Monitoring System Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are usually referred to for developing preliminary market understanding. Further, for this report we have specifically focused on data from various industry bodies.
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Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the AtoN management and monitoring system market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to obtain the latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc.. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.