Maritime Safety Market With Players Like Honeywell, ABS Group, Leonardo, BAE Systems, Harris Corporation, Grupo EULEN, Northrop Grumman, Kongsberg Maritime, Saab Defense and Security USA, The Vane Brothers Company, Raytheon Anschütz GmbH

Maritime Safety Market is expected to rise from its initial estimated value of USD 20.03 billion in 2018 to an estimated value of USD 35.98 billion by 2026, registering a CAGR of 7.6% in the forecast period of 2019-2026.

The maritime safety market has analyzed significant development in recent years and will highlight increased demand in the upcoming forecasted years. The developing interest for maritime safety industry is a key factor driving the market development in the forecast time. The quick utilization is creating major opportunities for the purchasers, suppliers, and distributors in the maritime safety market. Also, the analytical study examines all the key angles that have been affecting trends of the industry over the market development.

While planning this maritime safety report, customer business skill is understood to identify tangible growth opportunities. Also, the strategic model around the growth objective is structured by investigators, with detailed route-to-market analysis, abilities to be leveraged and created, just as any potential pitfalls. The maritime safety market research report delivers a comprehensive analysis of the market structure along with the forecast of the diverse segments and sub-segments of the market. The maritime safety report considers an in-depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and Porter's five force analysis.

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Rise in market value can due to increasing trade and freight transport activities by sea. Few of the major competitors currently working in the global maritime safety market are

· BAE Systems,

· Elbit Systems Ltd.,

· Harris Corporation,

· Honeywell International Inc.,

· Kongsberg Gruppen ASA,

· Northrop Grumman Corporation,

· Raytheon Anschütz,

· Saab AB,

· Leonardo S.p.A.,

Other players are GRUPO EULEN, ABS Group, Consilium AB Publ., Vane Brothers, SOLAS MARINE SERVICES GROUP, Safety Management Systems, Siam Global Marine Safety Co., Ltd., and others. Maritime safety is referred to be the mission of United States coast guard. Coast guard investigates maritime incidents, merchant vessels, offshore drilling units and maritime facilities. Apart from these coast guards are also responsible for licensing mariners, documenting U.S. flagged vessels, and implementing a variety of safety programs. Maritime safety awareness, and regulatory compliances and standards may act as the major driver in the growth of marine safety. On the other hand, absence of uniform standards of technologies and solutions may hamper the market.

Market Drivers:

· Maritime safety awareness

· Regulatory compliances and standards

· Rising trade and freight transport activities by sea



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Market Restraints:

· Ungoverned marine regions

· Absence of uniform standards of technologies and solutions

· Transnational organized crime (TOC)


Segmentation: Global Maritime Safety Market

By technologies and systems

· Screening and scanning

· Access control

o Biometrics
o Identification Card

· Detectors

o RFID tags
o CARNE/HAZMAT detection
o Laser Range Finder

· Geographic information system

· Surveillance and tracking

o Underwater Surveillance

o Video Surveillance

o Automatic Identification System

o Long-Range Identification And Tracking (LRIT)

o Radar

o Optronics

o Thermal Imaging

· Weather monitoring

· SCADA

· Communication

o Satellite-Based
o Radio-Based

· Others

o Long Range Acoustic Device
o E-Navigation
o Charts
o Network Security
o Cyber Security
o Intruder Alarms

By services:

· Training, risk assessment and investigation

· Maintenance and support

· Consulting

· Others

By others segment :

· Loss Prevention

· Security Management

· Counter Piracy

· Kidnap

· Response Consultancy

By categories:

· Port And Critical Infrastructure Security

· Vessel Security

· Coastal Surveillance

By Geography:

· North America

US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe

Asia-Pacific

Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific

Middle East and Africa

South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

Key Developments in the Market:

· In April 2019, the EU’s Frontex border and coastguard agency and the European Maritime Safety Agency (EMSA) had been contracted a number of military-grade UAVs to carry out surveillance programmes in waters around Europe. Texas Instruments Incorporated announced the launch of low cost high quality DLP technology chipset. This will enhance the Maritime Safety as it will monitor oil spills.

· In April 2019, NIMASA, PFSO exposed the falseness report on port security. This report explained that the U.S. Coast Guard is working with province rules. This report will become a driving factor in the industry because it will lead new playerS in.

Competitive Analysis

Global maritime safety market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of maritime safety market for global, Europe, North America, Asia-Pacific and South America.

Key Insights in the report:

· Complete and distinct analysis of the market drivers and restraints

· Key market players involved in this industry

· Detailed analysis of the market segmentation

· Competitive analysis of the key players involved

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