Maritime Safety System Market Will Generate Record Revenue by 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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