The Global Maritime Safety Market was valued at USD 16.95 billion in 2016 and is projected to reach USD 32.36 billion by 2025, growing at a CAGR of 7.45% from 2017 to 2025 and top key players are Kongsberg Gruppen , Signalis , Honeywell International , Le

The Global Maritime Safety Market was valued at USD 16.95 billion in 2016 and is projected to reach USD 32.36 billion by 2025, growing at a CAGR of 7.45% from 2017 to 2025. Maritime Safety is associated with the protection of property and life with the help of management, regulation, and technological development of varied forms of waterborne transportation. Factors affecting the security of maritime include - waterway conditions, quality of vessel traffic services, hydrographic services, pilotage, maritime safety devices, availability of information on water levels, weather condition, onboard equipment, onboard crew competence, and condition of the ship. Maritime safety is necessary to avoid the instances of intentional damage to cargo, crew, or ship as a result of piracy or terrorism, violence, and theft.

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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Emergence of integrated solutions
1.2 Development of smart and intelligent technologies
1.3 Increasing maritime safety awareness
1.4 Need for regulatory compliances and standards
1.5 Growing trade and freight transport activities by sea
2. Market Restraints
2.1 Piracy issues
2.2 Increasing maritime terrorism
2.3 Lack of uniform standards of technologies and solutions
2.4 Transitional organized crime

Market Segmentation:
The Global Maritime Safety Market is segmented on the service, category, technology, and region.

1. By Service:
1.1 Training, Maintenance and support
1.2 Risk assessment and investigation
1.3 Consulting
1.4 Others

2. By Category:
2.1 Vessel security
2.2 Coastal surveillance
2.3 Port and critical infrastructure security

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3. By Technology:
3.1 Geographic Information System
3.2 Supervisory Control and Data Acquisition
3.3 Surveillance & tracking
3.4 Weather monitoring
3.5 Screening & scanning
3.6 Communication
3.7 Detectors
3.8 Access control

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Kongsberg Gruppen
2. Signalis
3. Honeywell International
4. Leonardo-Finmeccanica
5. Harris Corporation
6. Saab
7. Elbit Systems Ltd.
8. Raytheon Anschütz GmbH
9. BAE Systems, Inc
10. Northrop Grumman Corporation

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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