Maritime Safety System Market

Global Maritime Safety System Market Size, Trends & Analysis - Forecasts to 2027 By Component (Solutions, Services), By Security Type (Port & Critical Infrastructure Security, Coastal Surveillance, Vessel Security, Crew Security, Cargoes & Containers Safety, Ship System & Equipment (SSE) Safety), 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), By Application (Loss Prevention & Detection Security Management, Counter-Piracy, Coastal Monitoring, Safety Of Ship, Pollution Prevention & Response (PPR) Management), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis

Category Automotive & Transportation
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This report was recently updated on May 9 2022 with the latest and most recent market numbers

Global Maritime Safety System Market Size

The global maritime safety system market is projected to grow from USD 24.5 billion in 2022 to USD 33.8 billion by 2027 at a CAGR value of 6.9% from 2022 to 2027.

The rise of artificial intelligence, machine learning, and big data in the ship system will likely contribute to the maritime safety system’s market expansion. Because of technological advancements, regulators notice how individuals engage with the market. The market is prone to cyberattacks which can be a significant challenge.

global maritime safety system market

COVID-19 Impact on Global Ship Repair and Maintenance Services Market

The Coronavirus disease (COVID-19) sparked a global health and economic disaster that has far-reaching consequences for maritime travel and trade. Ports, shipping, and supply chains have all been disrupted by pandemic-related restrictions.

Many sectors had difficulties in their supply chains. Raw material limitations, lead-time concerns, blank ocean sailings, port closures, limited working hours at ports, equipment, workforce shortages, and transportation capacity constraints were only a few challenges. These impediments stifle commerce flows and supply chain operations and wreak havoc on transportation services.

Ukraine-Russia War Impact on Maritime Industry

The Ukraine-Russia war has impacted trade networks across the globe resulting in lower maritime traffic in the Black Sea region. The conflict’s impact on the maritime industry has far-reaching consequences such as the rising price of commodities. The maritime trade industry has already been hindered by the pandemic and was just beginning to recover from the aftereffects of the pandemic, the conflict has further restricted the growth of the market.

The global labor scarcity in the shipping industry complicates the operational challenges. Even severe crunches are likely because roughly 15% of the world's naval officers are Russian or Ukrainian. Russia also comprises approximately 11.3% of global crude oil trade and 9.7% of global petroleum products trade.

Global Maritime Safety System Market: By Component

The services segment is expected to hold the largest share of the market. Increased outsourcing of safety system installation and maintenance in the shipping industry has led to the domination of the services segment. Growing government initiatives to improve maritime safety is expected to increase the demand for maritime safety systems and system inspection services during the forecast period.

The solutions segment will be the fastest-growing segment in the market during the forecast period. This is due to the necessity to estimate the time and cost of implementing a solution that necessitates fully managed marine safety services.

Global Maritime Safety System Market: By Security Type

The port and critical infrastructure security segment will have the largest share of the market during the forecast period as per the component outlook. However, the ship system and equipment safety segment is expected to be the fastest-growing segment during the forecast period. Increasing investment in ship systems and the large number of vital equipment being employed in ships is expected to increase the demand for safety systems for protecting ship systems and equipment.

Global Maritime Safety System Market: By System

The vessel monitoring and management system segment is expected to hold the largest share of the market during the forecast period. The system not only aids in locating the ships but also aids in the transmission of critical weather and environmental data.

The ship security reporting system segment is expected to be the fastest-growing segment during the forecast period. Increasing incidence of shipping accidents, piracy, and other dangers is expected to increase the demand for ship security reporting systems.

Global Maritime Safety System Market: By Application

The coastal monitoring segment is expected to hold the largest share of the market during the forecast period. The growing demand for quick repairs with less downtime and reliable marine services with lower life cycle costs and improved quality is driving the segment's expansion.

The loss prevention and detection security management segment is expected to be the fastest-growing segment during the forecast period. Increasing investment in loss prevention systems and early detection of danger by the shipping industry is expected to contribute to the growth of the segment.

asia pacific maritime safety system market

Global Maritime Safety System Market: By Region

North America (the United States, Canada, and Mexico) region is expected to be the dominant force in the market during the forecasted period. The primary drivers contributing to market expansion are increasing investments in maritime security system technologies, expanding the presence of maritime safety system suppliers, and growing government backing for the naval security system.

The United States is expected to be the dominant country in the North American region. The country’s heavy demand for imports and prominent position in global trade has been instrumental in the growing demand for shipping.

Moreover, the Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific) region is expected to be the fastest-growing segment during the forecast period. The corporate and governmental sectors have made significant investments in improving their maritime security system. Vendors of maritime safety systems are becoming more prevalent in the Asia Pacific region.

Global Maritime Safety System Market Share and Competitor Analysis

Honeywell, Thales Group, Smiths Group, Elbit Systems, Northrop Grumman, Westminster Group, Raytheon Anschutz, Saab Group, OSI Maritime Systems, BAE Systems, L3Harris Technologies, Kongsberg, Leonardo, Atlas Elektronik, and Airbus, among others, are some of the key players in the global maritime safety system market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Research Methodology

1.1    Research Assumptions

1.2    Research Methodology

1.2.1    Estimates and Forecast Timeline

1.3    Information Procurement

1.3.1    Purchased Database

1.3.2    GMEs Internal Database

1.3.3    Primary Research

1.3.4    Secondary Sources & Third-Party Perspectives

            1.3.4.1    Company Information Sources: Annual Reports, Investor Presentation, Press Release, SEC Filing, Company Blogs & Website

1.3.4.2 Secondary Data Sources: National Oceanic and Atmospheric Administration (NOAA), National Institute for Fisheries Research and Development (INIDEP), Commonwealth Scientific and Industrial Research Organisation (CSIRO),  National Centre for Marine Research Reports

1.4    Information or Data Analysis

1.4.1    Data Analysis Models

1.5    Market Formulation & Data Visualization

1.6    Data Validation & Publishing

1.7 Market Model

1.6.1    Model Details

1.6.1.1   Top-Down Approach

1.6.1.2   Bottom-Up Approach

1.8    Market Segmentation & Scope

1.9    Market Definition

Chapter 2   Executive Summary

2.1.    Global Market Outlook

2.2    Component Outlook

2.3    Security Type Outlook

2.4    System Outlook

2.5    Application Outlook

2.6    Regional Outlook

Chapter 3   Global Maritime Safety System Market Trend Analysis

3.1. Market Introduction

3.2 Penetration & Growth Prospect Mapping

3.3 Impact of COVID-19 on the Maritime Safety System Market

3.4 Metric Data on Maritime Safety System Industry

3.5 Market Dynamics

3.5.1 Market Driver Analysis

3.5.2 Market Restraint Analysis

3.5.3 Industry Challenges

3.5.4 Industry Opportunities

3.6    Porter’s Five Analysis

3.6.1 Supplier Power

3.6.2 Buyer Power

3.6.3 Substitution Threat

3.6.4 Threat from New Entrant

3.7 Market Entry Strategies

Chapter 4   Maritime Safety System Market: Component Trend Analysis

4.1   Component: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

4.2    Solution

4.2.1    Market Estimates & Forecast Analysis of Solution Segment, By Region, 2019-2027 (USD Billion)

4.3   Services

4.3.1    Market Estimates & Forecast Analysis of Services Segment, By Region, 2019-2027 (USD Billion)

Chapter 5   Maritime Safety System Market: Security Type Trend Analysis

5.1    Security Type: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

5.2    Port & Critical Infrastructure Security

5.2.1    Market Estimates & Forecast Analysis of Port & Critical Infrastructure Security Segment, By Region, 2019-2027 (USD Billion)

5.3   Coastal Surveillance

5.3.1    Market Estimates & Forecast Analysis of Coastal Surveillance Segment, By Region, 2019-2027 (USD Billion)

5.4   Vessel Security

         5.4.1    Market Estimates & Forecast Analysis of Vessel Security Segment, By Region, 2019-2027 (USD Billion)

5.5   Crew Security

5.5.1    Market Estimates & Forecast Analysis of Crew Security Segment, By Region, 2019-2027 (USD Billion)

5.6   Cargoes & Containers Safety

5.6.1    Market Estimates & Forecast Analysis of Cargoes & Containers Safety Segment, By Region, 2019-2027 (USD Billion)

5.7   Ship System and Equipment (SSE) Safety

5.7.1    Market Estimates & Forecast Analysis of Ship System and Equipment (SSE) Safety Segment, By Region, 2019-2027 (USD Billion)

5.8   Other Security Types

5.8.1    Market Estimates & Forecast Analysis of Other Security Types Segment, By Region, 2019-2027 (USD Billion)

Chapter 6   Maritime Safety System Market: System Trend Analysis

6.1    System: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

6.2    Ship Security Reporting System

6.2.1    Market Estimates & Forecast Analysis of Ship Security Reporting System Segment, By Region, 2019-2027 (USD Billion)

6.3   Automatic Identification System (AIS)

6.3.1    Market Estimates & Forecast Analysis of Automatic Identification System (AIS) Segment, By Region, 2019-2027 (USD Billion)

6.4   Global Maritime Distress Safety System (GMDSS)

         6.4.1    Market Estimates & Forecast Analysis of Global Maritime Distress Safety System (GMDSS) Segment, By Region, 2019-2027 (USD Billion)

6.5   Long Range Tracking & Identification (LRIT) System

6.5.1    Market Estimates & Forecast Analysis of Long Range Tracking & Identification (LRIT) System Segment, By Region, 2019-2027 (USD Billion)

6.6   Vessel Monitoring & Management System

6.6.1    Market Estimates & Forecast Analysis of Vessel Monitoring & Management System Segment, By Region, 2019-2027 (USD Billion)

6.7   Other Systems

6.7.1    Market Estimates & Forecast Analysis of Other Systems Segment, By Region, 2019-2027 (USD Billion)

Chapter 7   Maritime Safety System Market: Application Trend Analysis

7.1    Application: Historic Data vs. Forecast Data Analysis, 2021 vs. 2027

7.2    Loss Prevention & Detection Security Management

7.2.1    Market Estimates & Forecast Analysis of Loss Prevention & Detection Security Management Segment, By Region, 2019-2027 (USD Billion)

7.3   Counter-Piracy

7.3.1    Market Estimates & Forecast Analysis of Counter-Piracy Segment, By Region, 2019-2027 (USD Billion)

7.4   Coastal Monitoring

         7.4.1    Market Estimates & Forecast Analysis of Coastal Monitoring Segment, By Region, 2019-2027 (USD Billion)

7.5   Safety Of Ship

7.5.1    Market Estimates & Forecast Analysis of Safety Of Ship Segment, By Region, 2019-2027 (USD Billion)

7.6   Pollution Prevention & Response (PPR) Management

7.6.1    Market Estimates & Forecast Analysis of Cargoes & Containers Safety Segment, By Region, 2019-2027 (USD Billion)

7.7   Ship System and Equipment (SSE) Safety

7.7.1    Market Estimates & Forecast Analysis of Ship System and Equipment (SSE) Safety Segment, By Region, 2019-2027 (USD Billion)

7.8   Other Security Types

7.8.1    Market Estimates & Forecast Analysis of Other Security Types Segment, By Region, 2019-2027 (USD Billion)

Chapter 8   Maritime Safety System Market, By Region

8.1    Regional Outlook

8.2    North America

8.2.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

8.2.2    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.2.3    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.2.4    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.2.5    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.2.6    U.S.

8.2.6.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.2.6.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.2.6.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.2.6.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.2.8    Canada

8.2.8.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.2.8.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.2.8.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.2.8.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.2.7    Mexico

8.2.7.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.2.7.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.2.7.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.2.7.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3    Europe

8.3.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

8.3.2    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.3    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.4    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.5    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.6    Germany

8.3.6.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.6.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.6.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.6.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.7    UK

8.3.7.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.7.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.7.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.7.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.8    France

8.3.8.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.8.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.8.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.8.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.9    Russia

8.3.9.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.9.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.9.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.9.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.10    Italy

8.3.10.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.10.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.10.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.10.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.11    Spain

8.3.11.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.11.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.11.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.11.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.3.12    Rest of Europe

8.3.12.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.3.12.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.3.12.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.3.12.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4    Asia Pacific

8.4.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

8.4.2    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.3    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.4    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.5    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.6    China

8.4.6.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.6.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.6.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.6.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.7    India

8.4.7.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.7.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.7.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.7.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.8    Japan

8.4.8.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.8.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.8.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.8.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.9    Australia

8.4.9.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.9.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.9.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.9.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.10    South Korea

8.4.10.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.10.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.10.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.10.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.4.11    Rest of Asia Pacific

8.4.11.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.4.11.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.4.11.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.4.11.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.5    Central & South America

8.5.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

8.5.2    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.5.3    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.5.4   Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.5.5    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.5.6    Brazil

8.5.6.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.5.6.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.5.6.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.5.6.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.5.5    Rest of Central & South America

8.5.5.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.5.5.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.5.5.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.5.5.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.6    Middle East & Africa

8.6.1    Market Estimates & Forecast Analysis, By Country 2019-2027 (USD Billion)

8.6.2    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.6.3    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.6.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.6.5    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.6.6    Saudi Arabia

8.6.6.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.6.6.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.6.6.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.6.6.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.6.7    United Arab Emirates

8.6.7.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.6.7.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.6.7.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.6.7.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.6.8    South Africa

8.6.8.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.6.8.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.6.8.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.6.8.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

8.6.9    Rest of Middle East & Africa

8.6.9.1    Market Estimates & Forecast Analysis, By Component, 2019-2027 (USD Billion)

8.6.9.2    Market Estimates & Forecast Analysis, By Security Type, 2019-2027 (USD Billion)

8.6.9.3    Market Estimates & Forecast Analysis, By System, 2019-2027 (USD Billion)

8.6.9.4    Market Estimates & Forecast Analysis, By Application, 2019-2027 (USD Billion)

Chapter 9   Competitive Analysis

9.1    Key Global Players, Recent Developments & their Impact on the Industry

9.2    Four Quadrant Competitor Positioning Matrix

9.2.1    Key Innovators

9.2.2    Market Leaders

9.2.3    Emerging Players

9.2.4    Market Challengers

9.3    Vendor Landscape Analysis

9.4    End-User Landscape Analysis

9.5    Company Market Share Analysis, 2021

Chapter 10   Company Profile Analysis

10.1    Honeywell 

10.1.1    Company Overview

10.1.2    Financial Analysis

10.1.3    Strategic Initiatives

10.1.4    Product Benchmarking

10.2    Thales Group 

10.2.1    Company Overview

10.2.2    Financial Analysis

10.2.3    Strategic Initiatives

10.2.4    Product Benchmarking

10.3     Smiths Group 

10.3.1    Company Overview

10.3.2    Financial Analysis

10.3.3    Strategic Initiatives

10.3.4    Product Benchmarking

10.4    Elbit Systems

10.4.1    Company Overview

10.4.2    Financial Analysis

10.4.3    Strategic Initiatives

10.4.4    Product Benchmarking

10.5    Northrop Grumman 

10.5.1    Company Overview

10.5.2    Financial Analysis

10.5.3    Strategic Initiatives

10.5.4    Product Benchmarking

10.6     Westminster Group

10.6.1    Company Overview

10.6.2    Financial Analysis

10.6.3    Strategic Initiatives

10.6.4    Product Benchmarking

10.7    Raytheon Anschutz

10.6.1    Company Overview

10.6.2    Financial Analysis

10.6.3    Strategic Initiatives

10.6.4    Product Benchmarking

10.10    Saab Group 

10.7.1    Company Overview

10.7.2    Financial Analysis

10.7.3    Strategic Initiatives

10.7.4    Product Benchmarking

10.9    OSI Maritime Systems

10.10.1    Company Overview

10.10.2    Financial Analysis

10.10.3    Strategic Initiatives

10.10.4    Product Benchmarking

10.10   BAE Systems

10.10.1    Company Overview

10.10.2    Financial Analysis

10.10.3    Strategic Initiatives

10.10.4    Product Benchmarking

10.11   L3Harris Technologies

10.11.1    Company Overview

10.11.2    Financial Analysis

10.11.3    Strategic Initiatives

10.11.4    Product Benchmarking

10.12   Other Companies

10.12.1    Company Overview

10.12.2    Financial Analysis

10.12.3    Strategic Initiatives

10.12.4    Product Benchmarking

List of Tables

1 Technological Advancements In Maritime Safety System Market

2 Global Maritime Safety System Market: Key Market Drivers

3 Global Maritime Safety System Market: Key Market Challenges

4 Global Maritime Safety System Market: Key Market Opportunities

5 Global Maritime Safety System Market: Key Market Restraints

6 Global Maritime Safety System Market Estimates & Forecast Analysis, 2019-2027 (USD Billion)

7 Global Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

8 Solution: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

9 Services: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

10 Global Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

11 Port & Critical Infrastructure Security: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

12 Coastal Surveillance: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

13 Vessel Security: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

14 Crew Security: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

15 Cargoes & Containers Safety: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

16 Ship System and Equipment (SSE) Safety: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

17 Other Security Types: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

18 Global Maritime Safety System Market, By System, 2019-2027 (USD Billion)

19 Ship Security Reporting System: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

20 Automatic Identification System (AIS): Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

21 Global Maritime Distress Safety System (GMDSS): Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

22 Long Range Tracking & Identification (LRIT) System: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

23 Vessel Monitoring & Management System: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

24 Other Systems: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

25 Global Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

26 Loss Prevention & Detection Security Management: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

27 Counter-Piracy: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

28 Coastal Monitoring: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

29 Safety Of Ship: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

30 Pollution Prevention & Response (PPR) Management: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

31 Regional Analysis: Global Maritime Safety System Market, By Region, 2019-2027 (USD Billion)

32 North America: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

33 North America: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

34 North America: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

35 North America: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

36 North America: Maritime Safety System Market, By Country, 2019-2027 (USD Billion)

37 U.S: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

38 U.S: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

39 U.S: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

40 U.S: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

41 Canada: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

42 Canada: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

43 Canada: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

44 Canada: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

45 Mexico: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

46 Mexico: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

47 Mexico: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

48 Mexico: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

49 Rest of North America: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

50 Rest of North America: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

51 Rest of North America: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

52 Rest of North America: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

53 Europe: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

54 Europe: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

55 Europe: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

56 Europe: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

57 Europe: Maritime Safety System Market, By Country, 2019-2027 (USD Billion)

58 Germany: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

59 Germany: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

60 Germany: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

61 Germany: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

62 UK: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

63 UK: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

64 UK: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

65 UK: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

66 France: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

67 France: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

68 France: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

69 France: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

70 Italy: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

71 Italy: Maritime Safety System Market, By T Security Type Ype, 2019-2027 (USD Billion)

72 Italy: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

73 Italy: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

74 Spain: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

75 Spain: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

76 Spain: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

77 Spain: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

78 Rest Of Europe: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

79 Rest Of Europe: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

80 Rest of Europe: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

81 Rest of Europe: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

82 Asia Pacific: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

83 Asia Pacific: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

84 Asia Pacific: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

85 Asia Pacific: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

86 Asia Pacific: Maritime Safety System Market, By Country, 2019-2027 (USD Billion)

87 China: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

88 China: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

89 China: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

90 China: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

91 India: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

92 India: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

93 India: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

94 India: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

95 Japan: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

96 Japan: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

97 Japan: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

98 Japan: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

99 South Korea: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

100 South Korea: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

101 South Korea: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

102 South Korea: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

103 Rest of Asia Pacific: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

104 Rest of Asia Pacific: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

105 Rest of Asia Pacific: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

106 Rest of Asia Pacific: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

107 Middle East & Africa: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

108 Middle East & Africa: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

109 Middle East & Africa: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

110 Middle East & Africa: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

111 Middle East & Africa: Maritime Safety System Market, By Country, 2019-2027 (USD Billion)

112 Saudi Arabia: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

113 Saudi Arabia: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

114 Saudi Arabia: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

115 Saudi Arabia: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

116 UAE: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

117 UAE: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

118 UAE: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

119 UAE: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

120 Rest of Middle East & Africa: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

121 Rest of Middle East & Africa: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

122 Rest of Middle East & Africa: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

123 Rest of Middle East & Africa: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

124 Central & South America: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

125 Central & South America: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

126 Central & South America: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

127 Central & South America: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

128 Central & South America: Maritime Safety System Market, By Country, 2019-2027 (USD Billion)

129 Brazil: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

130 Brazil: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

131 Brazil: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

132 Brazil: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

133 Rest of Central & South America: Maritime Safety System Market, By Component, 2019-2027 (USD Billion)

134 Rest of Central & South America: Maritime Safety System Market, By Security Type, 2019-2027 (USD Billion)

135 Rest of Central & South America: Maritime Safety System Market, By System, 2019-2027 (USD Billion)

136 Rest of Central & South America: Maritime Safety System Market, By Application, 2019-2027 (USD Billion)

137 Honeywell: Products Offered

138 Thales Group: Products Offered

139 Smiths Group: Products Offered

140 Elbit Systems: Products Offered

141 Northrop Grumman: Products Offered

142 Westminster Group: Products Offered

143 Raytheon Anschutz: Products Offered

144 Saab Group: Products Offered

145 OSI Maritime Systems: Products Offered

146 BAE Systems: Products Offered

147 L3Harris Technologies: Products Offered

148 Other Companies: Products Offered

List of Figures

1. Global Maritime Safety System Market Segmentation & Research Scope

2. Primary Research Partners and Local Informers

3. Primary Research Process

4. Primary Research Approaches

5. Primary Research Responses

6. Global Maritime Safety System Market: Penetration & Growth Prospect Mapping

7. Global Maritime Safety System Market: Value Chain Analysis

8. Global Maritime Safety System Market Drivers

9. Global Maritime Safety System Market Restraints

10. Global Maritime Safety System Market Opportunities

11. Global Maritime Safety System Market Challenges

12. Key Maritime Safety System Market Manufacturer Analysis

13. Global Maritime Safety System Market: Porter’s Five Forces Analysis

14. PESTLE Analysis & Impact Analysis

15. Honeywell: Company Snapshot

16. Honeywell: Swot Analysis

17. Thales Group: Company Snapshot

18. Thales Group: Swot Analysis

19. Smiths Group: Company Snapshot

20. Smiths Group: Swot Analysis

21. Elbit Systems: Company Snapshot

22. Elbit Systems: Swot Analysis

23. Northrop Grumman Company Snapshot

24. Northrop Grumman: Swot Analysis

25. Westminster Group: Company Snapshot

26. Westminster Group: Swot Analysis

27. Raytheon Anschutz: Company Snapshot

28. Raytheon Anschutz: Swot Analysis

29. Saab Group: Company Snapshot

30. Saab Group: Swot Analysis

31. OSI Maritime Systems: Company Snapshot

32. OSI Maritime Systems: Swot Analysis

33. BAE Systems: Company Snapshot

34. BAE Systems: Swot Analysis

35. L3Harris Technologies: Company Snapshot

36. L3Harris Technologies: Swot Analysis

37. Other Companies: Company Snapshot

38. Other Companies: Swot Analysis

The Global Maritime Safety System Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Maritime Safety System Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global maritime safety system market is projected to grow from USD 24.5 billion in 2022 to USD 33.8 billion by 2027 at a CAGR value of 6.9% from 2022 to 2027.
Honeywell, Thales Group, Smiths Group, Elbit Systems, Northrop Grumman, Westminster Group, Raytheon Anschutz, Saab Group, OSI Maritime Systems, BAE Systems, L3Harris Technologies, Kongsberg, Leonardo, Atlas Elektronik, and Airbus, among others, are some of the key players in the global maritime safety system market.
The Coronavirus disease (COVID-19) sparked a global health and economic disaster that has far-reaching consequences for maritime travel and trade. Ports, shipping, and supply chains have all been disrupted by pandemic-related restrictions. Many sectors had difficulties in their supply chains. Delayed shipments and supply chain disruptions have created a large backlog of shipments. As the restrictions are easing the market for maritime safety systems is expected to grow. Transportation and logistics companies are expected to see an uptick in shipping demand due to the unmet demand.
The Ukraine-Russia war has impacted trade networks across the globe resulting in lower maritime traffic in the Black Sea region. The conflicts impact on the maritime industry has far-reaching consequences such as the rising price of commodities. The global labor scarcity in the shipping industry complicates the operational challenges. Even severe crunches are likely because roughly 15% of the worlds naval officers are Russian or Ukrainian. Russia also comprises approximately 11.3% of global crude oil trade and 9.7% of global petroleum products trade.

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