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2020-09-01
759
Global
Goldstein Market Intelligence analyst forecast that the global maritime safety system market is set to reach a market size of USD 33.25 billion by 2030, growing at a CAGR of 7.74% over the forecast period (2017-2030). 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.
By System Type
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
By System Application
By Geography
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.
The report covers the present ground scenario and the future growth prospects of the maritime safety system market for 2017-2030 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 2017-2030, 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.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Maritime Safety Systems Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Global maritime security system market report comprises of the following companies as the key players:
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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