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Global AtoN Management and Monitoring System Market to Grow Due To Rapid Growth in Marine Trade

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Published on : Dec 07, 2018

ALBANY, New York, Dec 07, 2018: The global market for AtoN management and monitoring system market is predicted to witness a strong growth during the forecast period 2018-2026, owing to surge in marine trade. In recent times, various manufacturers are completely relying on marine transportation to make their products deliver to its end users, this has significantly increased demand for AtoN management and monitoring system. ResearchMoz.us in a report titled, “AtoN Management and Monitoring System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, provides a complete overview of value chain analysis. The report provides various market associate factors such as trends, restraints, opportunities, drivers, and regional analysis which are expected to have an impact on the market in future.

Significant rise in marine transport activities all across the world is considered to play a major role in pushing the market in forward direction. As the marine transport activities increases, demand for marine safety and security along with marine traffic management increases. High demand for continuous monitoring of routes and vessel is likely to favor the market growth. Increase in demand for accurate navigation is of the major reasons that is catapulting the market growth. Experts believe that marine trade is likely to increase in the future, which would pressurize on existing navigational tools. This is foreseen to create lucrative growth opportunities for the market.

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The global market for AtoN management and monitoring system market is classified on the basis of type, system, end-use industry, navigation components, and region. On the basis of system, the market is bifurcated into integrated/suite and standalone system. Standalone system is further segregated into vessel tracking services, coastal surveillance systems, vessel traffic management information systems, and search and rescue.  On the basis of type, the market is divided into onahore and offshore. On the basis of navigation components, the market is segmented into buoys, lighthouses, and others. On the basis of end-use industry, the market is segregated into maritime authorities, maritime tourism, maritime agencies, port operators, and offshore wind farms.

Geographically, the report covers market in Asia Pacific, North America, Middle East and Africa, and Europe. Of these, Asia Pacific is expected to lead the market over the tenure period owing to an exponential rise in marine traffic. Countries such as India, China, and Japan are likely to contribute most owing to rise in marine trade activities. However, market in South America is likely to exhibit a strong growth in coming years. Some of the major players in the market are Greenfinder, Vesper Marine, Carmanah Technologies Corp., and Pharos Marine Automatic Power Inc.

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