Maritime Safety System Market - Industry Analysis By System Type, By Services, System Application, By Geography, Scope, Share, Y-O-Y Growth Analysis, Key Players and Opportunities 2025

Global Maritime Safety System Market Outlook 2017-2025

Goldstein Research analyst forecast that the global maritime safety system market is set to reach a market size of USD 33.25 billion by 2025, growing at a CAGR of 7.74% over the forecast period (2017-2025). The factors such as technology advancement, growing number of ships & vessels, rising global trade through waterways are primarily driving the growth in deployment of maritime safety systems. Since ever for the maritime safety, new technologies and efficient services have been deployed on the ships, vessels and onshore centers. The industry is witnessed to be moving towards adoption of a common platform to achieve successful maritime safety across the globe. It is assumed that if shore authorities, ports, vessels, regulators and training facilities worldwide work together on technology on a common operating platform, there is the potential to achieve bizarre achievements in operating efficiencies along with a step towards a change in maritime safety.

Further, the rising adoption of freight and public transport by sea route coupled with the increasing piracy and terrorism incidents various developing regions of the world have raised their focus & investments in the maritime security system. For instance, the Canadian government in 2017 had invested USD 1.5 billion to enhance emergency response capacity, improve marine safety, and protect Canada’s coastline.

Global Maritime Security System Market Segmentation

By System Type

• Ship Security Reporting System
• Automatic Identification System
• Global Maritime Distress Safety System (GMDSS)
• Long Range Tracking and Identification (LRIT) System
• Automated Manifest System (AMS)
• Vessel Monitoring System
• Automated Mutual Assistance Vessel Rescue System (AMVER)
• Vessel Management System

Based on maritime security system types, the global maritime distress safety system (GMDSS) segment accounted for highest market share of the total market in 2017, which is further followed by automatic identification system (AIS) segment market share.

By Services

• Training
• Maintenance and Support
• Risk Assessment and Investigation
• Consulting
• Others (Loss Prevention, Security Management, Counter Piracy, etc.)

By System Application

• Port and Critical Infrastructure Security
• Vessel Security
• Coastal Surveillance

By Geography

• North America (U.S. & Canada)  Maritime Security System Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Maritime Security System Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Maritime Safety System Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Maritime Security System Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, Romea) Maritime Safety System Market {Market Share (%), Market Size (USD Billion)}

Further based on geography, North America region accounted for the largest market share of nearly 40.0% in 2017, owing to the longest coastline in the world and highest number of trade activities through the waterways route. On the other hand, Asia Pacific maritime safety market is growing at the fastest CAGR of 7.3% during the forecast period. APAC region tends to have increased adoption of top technology-based maritime safety system due to the increasing international waterways trade & commerce which also provides air to smuggling & terrorist activities.

Covered In This Global Maritime Safety System Market Report

The report covers the present ground scenario and the future growth prospects of the maritime safety system market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Global Maritime Security Systems Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global maritime safety system market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Maritime Safety System Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our Global maritime security system market report comprises of the following companies as the key players: Elbit Systems Ltd., Bae Systems, Inc., Harris Corporation, Honeywell International, Hudson Analytix, Inmarsat, Kongsberg Gruppen, Leonardo-Finmeccanica, Maritime Asset Security and Training Ltd. (MAST), Northrop Grumman Corporation, Raytheon Company, Saab Group, Signalis, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Maritime Safety System Market Report

• What is the total market size by 2025 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

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