Global Maritime Safety Market - Industry Trends and Forecast to 2028

Market Analysis and Insights of Maritime Safety Market

Rising trade and freight transport activities by sea has led to the rise in demand for maritime safety. Data Bridge Market Research analyses that the maritime safety market will exhibit a CAGR of 7.5% for the forecast period of 2021-2028. This signifies that the market value will rise up to USD 39.79 billion by the year 2028.

Maritime safety is a general and broad term that includes everything from the safety of workers to ship construction and maintenance. It is a term that defines undertaking safety measures of vessels both internally and externally. Apart from this, under maritime safety the coast guards are responsible for licensing mariners, documenting flag vessels, and much more. Maritime safety is referred to as a mission of the U.S. coast guard and is important because it protects an essential element of the U.S. economy.

Increased awareness and the need to maintain marine security have prompted the growth of the maritime safety market. The rapid rise in international trade via waterways has also led to the rise in demand for maritime safety. Rising demand for advanced security and safety mechanisms against terrorism has created lucrative growth opportunities for the maritime safety market. Supportive administrating rules and regulations have further induced market growth.

However, untapped and ungoverned marine zones will pose a challenge to the market growth rate. Economic downturns coupled with a lack of uniform standards for maritime safety technological solutions will also dampen the market growth rate.

This maritime safety market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on maritime safety market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Maritime Safety Market Scope and Market Size

The maritime safety market is segmented on the basis of technologies and systems, services, categories and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

• On the basis of technologies and systems, the maritime safety market is segmented into screening and scanning, access control, detectors, geographic information system, and surveillance and tracking, weather monitoring, SCADA, communication and others. Access control is further sub-segmented into biometrics and identification card. Detectors are sub-segmented into RFID tags, CARNE/HAZMAT detection and laser range finder. Surveillance and tracking is further sub-segmented into underwater surveillance, video surveillance, automatic identification system, long-range identification and tracking (LRIT), radar and optronics and thermal imaging. Communication is further sub-segmented into satellite-based and radio- based. Others segmented is also sub-segmented into long range acoustic device, E-navigation, charts, network security, cyber security and intruder alarms.
• On the basis of services, the maritime safety market is segmented into training, risk assessment and investigation, maintenance and support, consulting and others.
• On the basis of categories, the maritime safety market is segmented into port and critical infrastructure security, vessel security and coastal surveillance.
• On the basis of application, the maritime safety market is segmented into loss prevention, security management, counter piracy, kidnap and response consultancy.

Global Maritime Safety Market Country Level Analysis

The maritime safety market is analysed and market size, volume information is provided by country, technologies and systems, services, categories and application as referenced above.

The countries covered in the deep learning neural networks (DNNs) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is set to undergo the highest growth rate during the forecast period. This is because of the increase in adoption of sea-crimes and marine transport of goods in the Arabian and Indian Ocean. Rising defence budget coupled with rising research and development proficiencies are also inducing the growth of maritime safety market in this region.

The country section of the maritime safety market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Maritime Safety Market Share Analysis

The maritime safety market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to maritime safety market.

The major players covered in the maritime safety market report are BAE Systems., Honeywell International Inc., Northrop Grumman., Raytheon Anschütz,, Saab, Elbit Systems Ltd., L3Harris Technologies, Inc., KONGSBERG, Leonardo S.p.A., GRUPO EULEN, ABS Group of Companies, Inc., Consilium Marine & Safety AB, Vane Brothers, Solas Marine Services Group., Siam Global Marine Safety Co., Ltd., L3Harris Technologies, Inc., Thales Group, SONARDYNE, Lockheed Martin Corporation. and TERMA among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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