DUBLIN--(BUSINESS WIRE)--The "Global Long Range Identification and Tracking Market - Segmented by Platform, Components (CSPs, ASPs, Data Center Providers), End-users, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The long-range identification and tracking market is expected to register a CAGR of 14.51%, during the forecast period 2018-2023.
LRIT has been formally incorporated in 2006 and is actively being used by 46 international flags across the globe for maritime communication and tracking.
The long range identification and tracking systems has been designated to be the standardized tracking system to be adopted by vessels subject to operating on the sea. The system has been authorized by the International Maritime Organization to collect and disseminate information received from the ships subject to the different compliances and regulations. LRIT provides an enhanced level of marine domain awareness that allows unique visibility to report the accurate positions of the vessels and is being actively incorporated in the military and defense sectors, by helping the defense authorities recognize potential threats through the LRIT platforms, which is imminent for coast surrounded economies.
Major countries have integrated the technology and infrastructure required for incorporating LRIT in the maritime sector, to maintain a track of the vessels and collect data that can be used to gain insights on safety and productivity related to the different routes on the sea. Panama leads the LRIT market, with over 8000 vessels adopting the technology, while other South American countries emerging as front runners in the market, and have adopted the technology as early as 2010.
- Pole Star Application Limited
- China Transportation Telecommunication Center
- Arskom Group
- Fulcrum Maritime
- Modootel Ltd.
- Kemilinks International Pte Ltd.
- Fupe Systems AS
Key Topics Covered:
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Global Long Range Identification and Tracking Market Segmentation
6. Competitive Landscape
7. Investment Analysis
8. Future Market Outlook
For more information about this report visit https://www.researchandmarkets.com/research/mxsxg6/global_long_range?w=4