The global Marine AIS Equipment market, as per the WiseGuy Reports study, was valued at USD 2,153.4 million in 2024, and is projected to grow to about USD  2,315  million in 2025, ultimately reaching USD 4,800 million by 2035. This equates to a compound annual growth rate (CAGR) of approximately 7.5% for the period 2025-2035. 

Such growth stems from multiple underlying drivers. For one, increasing global maritime traffic and growing commercial shipping volumes drive demand for reliable vessel-identification and tracking systems. The report points to regulatory mandates – for example, under the international conventions requiring vessels above certain tonnages to carry AIS transponders – which boost baseline equipment penetration. Technological advances are another major growth lever: integration of AIS with IoT, AI/ML analytics, and satellite communication means new functional capabilities and higher unit values. 

From a product-type perspective, the “Class A Transponder” segment is clearly a major contributor: it was valued at approximately USD 850 million in 2024 and is expected to reach some USD 1,700 million by 2035.  Meanwhile, other segments (Class B, AIS base stations) also contribute to the overall growth trajectory.

In application terms, commercial vessels dominate the demand profile, as the shipping industry needs robust AIS equipment to meet safety and tracking requirements. The report emphasises that the shipping industry end-use category accounted for around USD 2,263.7 million in 2024.

Challenges to address: While opportunities abound, the market is not without challenges. Price competition, regulatory fragmentation across regions, cybersecurity concerns (since AIS data is sensitive), and the capital-intensity of R&D in novel AIS systems (satellite hybrid, AI/analytics) are hurdles. But for companies positioned to innovate and adapt, the potential is strong.