Leading Growth Driver in the Maritime Safety System Market in 2025: Elevated Maritime Trade And Transportation Fueling The Maritime Safety System Market Driver's Influence

What industry-specific factors are fueling the growth of the maritime safety system market?
Maritime safety system market growth is projected to be fueled by advances in maritime commerce and transportation. As consumer welfare improves, there is a corresponding increase in production. With maritime commerce and transportation, producers have the advantage of decreased emissions on elongated voyages, making them more competitive. Sea transport, capable of transporting larger volumes of goods in a single trip, proves to be a more cost-effective and environmentally friendly alternative to other long-distance shipping methods. For example, the United Nations Conference on Trade and Development (UNCTAD), a UN agency based in Switzerland, predicts in July 2023 that maritime trade volume will rise by 2.4 per cent in 2023. Metric ton-measured containerized trade fell by 3.7 per cent in 2022, however, UNCTAD anticipates it will surge by 1.2 per cent in 2023 and inflate by more than 3 per cent between 2024 and 2028. In the year 2022, there was robust annual growth in oil and gas trade volumes, with increases of 6 per cent and 4.6 per cent respectively. Consequently, vibrant maritime commerce and transportation are expected to steer growth in the maritime safety system market.

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What Is the projected market size and growth rate for the maritime safety system market?
In recent times, the size of the maritime safety system market has seen robust growth. The market, which was valued at $20.82 billion in 2024, is set to expand to $22.04 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.9%. Factors contributing to this growth during the historic period include international maritime regulations, an increase in global shipping, maritime mishaps, growing worries about piracy, and the emphasis on environmental protection.

In the coming years, the maritime safety system market is projected to experience consistent growth, rising to $26.29 billion by 2029 at a compound annual growth rate (CAGR) of 4.5%. This growth during the forecast period can be associated with investments in port infrastructure, the rise of autonomous vessels, partnerships with coastal authorities, insurance stipulations, and security challenges in the maritime sector. The forecast period will also witness major trends such as the digitization of maritime processes, the incorporation of artificial intelligence, remote supervision and telematics, digital duplicates for ship safety, communication via satellite, and automated emergency responses.

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What new trends are reshaping the maritime safety system market and its opportunities?
Leading corporations in the marine safety system sector are innovating new products like single-man portable subsea ROVs in an effort to expand their client base, boost sales, and heighten their income. These remotely-controlled underwater vehicles are designed to conduct inspections and maintenance in underwater areas that are not easily accessible to humans. An example is SeaDrone Inc., an American firm specializing in underwater inspection solutions, unveiled SeaDrone MINI in June 2023. This recent addition to their line of compact, one-person-operable subsea ROVs is unique in that it doubles as a professional-grade ROV useable by operators of varying experience levels. Equipped with four 96-Wh batteries, the MINI ROV is suitable for airline transport. It can also utilize a 400-W hybrid surface power system to indefinitely prolong its underwater activities. It comes with a wide-angle video camera that can take 12-megapixel static images and record videos in 1080/30p H.264 format. The MINI ROV offers automatic depth, heading, roll, and pitch control in all control modes due to its built-in depth and AHRS sensors. Its GPS functionality allows photo and video geotagging and landmark marking.

What major market segments define the scope and growth of the maritime safety system market?
The maritime safety system market covered in this report is segmented -

1) By System: Ship Security Reporting System, Automatic Identification System (AIS), Global Maritime Distress Safety System (GMDSS), Long Range Tracking and Identification (LRIT) System, Vessel Monitoring and Management System, Other Systems
2) By Application: Loss prevention and detection, Security management, Counter piracy, Coastal monitoring, Safety of ship, Pollution Prevention and Response (PPR) management
3) By End User: Government Institutions, Oil & Gas, Marine & construction, Shipping & Transportation, Cargos & containers, Other End-Users

Subsegments:
1) By Ship Security Reporting System: Real-time Ship Reporting, Incident Reporting
2) By Automatic Identification System (AIS): Class A (AIS), Class B AIS
3) By Global Maritime Distress Safety System (GMDSS): Search and Rescue Equipment, Emergency Position Indicating Radio Beacons (EPIRB), Maritime Safety Information (MSI)
4) By Long Range Tracking and Identification (LRIT) System: Satellite-based Tracking, Coastal Tracking
5) By Vessel Monitoring and Management System: Fleet Management, Navigation Systems
6) By Other Systems: Radar Systems, Surveillance Systems, Communication Systems

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Which region dominates the maritime safety system market?
Asia-Pacific was the largest region in the maritime safety system market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maritime safety system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the maritime safety system industry growth?
Major companies operating in the maritime safety system market include Anschutz GmbH, Honeywell International Inc., Elbit Systems Ltd., Saab AB, OSI Maritime Systems Ltd., BAE Systems plc, Thales Group, Smiths Group plc, Northrop Grumman Corporation, Westminster Group Plc, L3Harris Technologies Inc., Kongsberg Gruppen ASA, Leonardo S.p.a., Atlas Elektronik GmbH, Airbus SE, Terma Group AS, Nuctech Company Ltd., ARES Security Corporation, Rolta India Ltd., HALO Maritime Defense Systems Inc., Lockheed Martin Corporation, General Dynamics Corporation, Harris Corporation, Safran S.A., FLIR Systems Inc., Garmin Ltd., Furuno Electric Co. Ltd., Japan Radio Co. Ltd., Wärtsilä Corporation, Signalis SA, SRT Marine Systems PLC, Consilium Strategic Communications Ltd., MarineGuard Systems Ltd., Martek Marine Ltd., HENSOLDT UK

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What Is Covered In The Maritime Safety System Global Market Report?

•Market Size Forecast: Examine the maritime safety system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the maritime safety system market for a structured understanding.
•Key Players Overview: Analyze major players in the maritime safety system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the maritime safety system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the maritime safety system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the maritime safety system market.
•Industry Challenges: Identify potential risks and obstacles affecting the maritime safety system market.
•Competitive Landscape: Review strategic developments in the maritime safety system market, including expansions, agreements, and new product launches.

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