Maritime Safety System Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

Maritime safety system market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period. The global maritime safety system market is expected to grow during the forecast period due to enhanced technological advancement, and successful integration with the latest technology such as smart containers, with capabilities such as GPS tracking, travel risk management (TRM), and low-global-warming-potential (GWP). Companies are supporting the research and development of unique and developed monitoring systems that will improve the overall security at the maritime borders.

For instance, in December 2021, Everbridge introduced its next-generation Travel Risk Management (TRM) solution for new and existing customers. It assists businesses and organizations in quickly locating and communicating with traveling employees, remote workers, and those returning to the office, who may be in harm’s way. Moreover, as a part of their expansion strategies, companies are acquiring stakes in companies that will complement their current solutions and improve their footprint in the market.

Additionally, in April 2021, Leonardo announced that it acquired a 30% stake in GEM Elettronica, a company implicated in manufacturing small and medium-sized 3D radars, electro-optical sensors, and inertial systems for maritime, coastal, and airport surveillance.

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Market Coverage

                 The market number available for – 2021-2030

                 Base year- 2022

                 Forecast period- 2023-2030

Segment Covered- 

                 By Security Type

                 By Application

                 By System

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- including THALES Group, Smith’s Group plc, Westminster Group Plc, OSI MARITIME SYSTEMS, and others.

A full Report of Maritime Safety System Market is Available @  https://www.omrglobal.com/industry-reports/maritime-safety-system-market

Maritime Safety System Market Report Segment

By Security Type

·        Port & Critical Infrastructure Security

·        Coastal Surveillance

·        Crew Security

·        Vessel, Cargoes & Containers Safety

·        Ship System & Equipment (SSE) Safety

·        Other Security Type (Safety of Marine Installations, And Cyber Security)

By Application

·        Loss Prevention & Detection

·        Security Management

·        Counter Piracy

·        Coastal Monitoring 

By System

·        Ship Security Reporting System

·        Automatic Identification System (AIS)

·        Global Maritime Distress Safety System (GMDSS)

·        Long Range Tracking & Identification (LRIT) System

·        Vessel Monitoring & Management System

·        Other Systems (Automated Manifest System (AMS), And Automated Mutual Assistance Vessel Rescue System (AMVER))

Maritime Safety System Market Report Segment by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles 

                 ARES Security Corp.

                 ATLAS ELEKTRONIK GmbH

                 BAE Systems plc

                 Captain's Eye.

                 Elbit Systems Ltd.

                 FREGATA TECHNOLOGIES SL

                 Honeywell International Inc.

                 IOCURRENTS, INC.

                 Kongsberg Gruppen ASA

                 L3Harris Technologies, Inc.

                 Leonardo S.p.A

                 Nautix Technologies ApS

                 Northrop Grumman

                 Oceanetics, Inc. 

                 Raytheon Anschütz GmbH

                 Rolta India Ltd. 

                 Saab

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

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