Automatic Vehicle Identification System Market is Expected to Grow at a CAGR of 4.33% to Reach $225.05 Million by 2020.

An Automatic Vehicle Identification System Market is designed to enable two-way communication between various vessels and onshore-based coastal authorities. The system is capable of providing static, dynamic, and voyage data about a ship to other ships in the vicinity and to nearby coastal authorities. According to the Regulation 19 of SOLAS (safety of life at sea) chapter V, every ship needs to integrate shipborne navigational equipment, depending upon the type of ship. In 2000, International Maritime Organization (IMO) revised the requirement of carriage of navigational equipment and passed a mandate which states that all ships should be equipped with automatic identification systems.

The automatic vehicle identification (AVI) systems market has been majorly driven by increasing need to secure various organizational buildings and facilities across the world. In addition, rising instances of terror attacks in major cities across the world have made it imperative for various organizations and government bodies to deploy advanced physical security solutions to ensure public safety. AVI systems have offered a viable solution for organizations to deploy accurate and efficient authorization and validation systems for vehicles and personnel. Furthermore, technological advancements in identification technologies such as microwave, ultra-high frequency (UHF) and ANPR have led to the growing adoption of AVI systems across the world.

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Market segment by players, this report covers

Smartrac

Infronics Systems

NXP

Nedap

FEIG ELECTRONIC

Litum

Avante

deister electronic UK Ltd.

Coselec Pte Ltd

Key Trends:

  • Increasing integration of AVI systems with the overall physical security systems in the facility
  • Rising adoption of advanced technologies such as automatic number plate recognition (ANPR) and vehicle scanners
  • Shift towards using pedestrian and vehicle identification simultaneously
  • Rise of innovative applications in fleet management and fueling applications

Direct Buy Report: https://www.crediblemarkets.com/reports/purchase/automatic-vehicle-identification-system-market-173178?utf8=%E2%9C%93&license_type=single_user

Market segmentation

Automatic Vehicle Identification System market is split by Type and by Application. For the period 2016-2026, the growth among segments provide accurate calculations and forecasts for revenue by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type, covers

Hardware

Software

Services

Market segment by Application, can be divided into

Residential Gated Communities

Commercial and Municipal Lots

Corporate or Business Campuses

Colleges and Universities Facilities

Medical Centers and Hospitals

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