PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1637982
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1637982
Global Maritime Safety System Market Size Study, By Offering, Security Type, System, Application, End-User, and Regional Forecasts 2022-2032
The Global Maritime Safety System Market was valued at approximately USD 27.55 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2032. Maritime safety systems play a pivotal role in managing complex supply chain operations, enhancing coastal and crew security, and ensuring maritime compliance with international regulations. The market's robust growth is propelled by the rising need to safeguard maritime assets, combat piracy, and monitor maritime domain activities in real-time.
Maritime safety solutions include state-of-the-art surveillance technologies, search and rescue operations, and environmental monitoring systems, which are crucial for managing shipping lanes, offshore platforms, and port infrastructures. Governments and private entities are increasingly adopting maritime safety solutions to address the evolving challenges posed by piracy, smuggling, and maritime terrorism. Moreover, the integration of innovative technologies such as AI, IoT, blockchain, and AR has revolutionized maritime safety, enabling organizations to enhance operational efficiency and reduce risks.
However, challenges such as the lack of uniform standards for implementing security measures across the marine industry and stringent environmental regulations act as potential restraints to market growth. Despite these challenges, emerging opportunities in untapped regional markets and the growing adoption of innovative technologies present significant growth prospects for market participants.
The Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period, fueled by escalating investments in maritime infrastructure, advanced security systems, and increasing government focus on enhancing maritime domain awareness. Countries such as India and China are investing heavily in emerging technologies like blockchain and IoT for applications in the maritime sector, further driving the market's expansion.
Major market players included in this report are:
- Honeywell
- Thales Group
- Northrop Grumman
- Saab Group
- Airbus
- Kongsberg
- Leonardo DRS
- Terma Group
- BAE Systems
- L3Harris Technologies
- Rolta
- Elbit Systems
- OSI Maritime Safety
- Smiths Group
- Westminster Group
The detailed segments and sub-segment of the market are explained below:
By Offering:
- Solutions
- Services
By Security Type:
- Coastal Security
- Crew Security
By System:
- AIS (Automatic Identification System)
- GMDSS (Global Maritime Distress and Safety System)
- LRIT (Long-Range Identification and Tracking)
By Application:
- Monitoring & Tracking
- Counter Piracy
- Search & Rescue
By End-User:
- Shipping Companies
- Oil & Gas
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Years considered for this study are as follows:
- Historical year: 2022
- Base year: 2023
- Forecast period: 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032
- Regional and segment-specific revenue trends
- Competitive landscape with information on key players and their strategies
- Demand-side and supply-side market dynamics
Table of Contents
Chapter 1. Global Maritime Safety System Market Executive Summary
- 1.1. Global Maritime Safety System Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Offering
- 1.3.2. By Security Type
- 1.3.3. By System
- 1.3.4. By Application
- 1.3.5. By End-User
- 1.4. Key Trends
- 1.5. Analyst Recommendation & Conclusion
Chapter 2. Global Maritime Safety System Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply-Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.4. Demand-Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Maritime Safety System Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Marine Trade and Freight Transport Activities
- 3.1.2. Rising Need to Manage Complex Supply Chain Operations
- 3.1.3. Growing Awareness About Maritime Safety
- 3.1.4. Regulatory Compliance and Standards
- 3.2. Market Challenges
- 3.2.1. Piracy and Criminal Activities Across Marine Industries
- 3.2.2. Stringent Environmental Regulations
- 3.2.3. Lack of Uniform Security Standards
- 3.3. Market Opportunities
- 3.3.1. Adoption of Advanced Technologies Such as Blockchain, RFID, and AR
- 3.3.2. Growth in Emerging Economies and Untapped Markets
Chapter 4. Global Maritime Safety System Market Industry Analysis
- 4.1. Porter's Five Forces Analysis
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Key Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Analyst Recommendations
Chapter 5. Global Maritime Safety System Market Size & Forecast by Offering (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Maritime Safety System Market: Offering Revenue Trend Analysis (USD Billion)
- 5.2.1. Solutions
- 5.2.2. Services
Chapter 6. Global Maritime Safety System Market Size & Forecast by Security Type (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global Maritime Safety System Market: Security Type Revenue Trend Analysis (USD Billion)
- 6.2.1. Coastal Security
- 6.2.2. Crew Security
Chapter 7. Global Maritime Safety System Market Size & Forecast by System (2022-2032)
- 7.1. Segment Dashboard
- 7.2. Global Maritime Safety System Market: System Revenue Trend Analysis (USD Billion)
- 7.2.1. AIS (Automatic Identification System)
- 7.2.2. GMDSS (Global Maritime Distress Safety System)
- 7.2.3. LRIT (Long-Range Identification and Tracking)
Chapter 8. Global Maritime Safety System Market Size & Forecast by Application (2022-2032)
- 8.1. Segment Dashboard
- 8.2. Global Maritime Safety System Market: Application Revenue Trend Analysis (USD Billion)
- 8.2.1. Monitoring & Tracking
- 8.2.2. Counter Piracy
- 8.2.3. Search & Rescue
Chapter 9. Global Maritime Safety System Market Size & Forecast by End-User (2022-2032)
- 9.1. Segment Dashboard
- 9.2. Global Maritime Safety System Market: End-User Revenue Trend Analysis (USD Billion)
- 9.2.1. Shipping Companies
- 9.2.2. Oil & Gas
- 9.2.3. Others
Chapter 10. Global Maritime Safety System Market Size & Forecast by Region (2022-2032)
- 10.1. North America
- 10.1.1. U.S.
- 10.1.2. Canada
- 10.2. Europe
- 10.2.1. UK
- 10.2.2. Germany
- 10.2.3. France
- 10.3. Asia Pacific
- 10.3.1. China
- 10.3.2. India
- 10.3.3. Japan
- 10.4. Latin America
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.5. Middle East & Africa
- 10.5.1. UAE
- 10.5.2. Saudi Arabia
- 10.5.3. South Africa
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. Honeywell
- 11.1.2. Thales Group
- 11.1.3. Northrop Grumman
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. Honeywell
- 11.3.2. Thales Group
- 11.3.3. Northrop Grumman
- 11.3.4. Saab Group
- 11.3.5. Airbus
- 11.3.6. Kongsberg
- 11.3.7. Leonardo DRS
- 11.3.8. Terma Group
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
