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The global maritime safety system market is expected to grow $17.66 billion in 2021 to $18.40 billion in 2022 at a compound annual growth rate (CAGR) of 4.19%. The global marine safety system market size is expected to grow to $24.62 billion in 2026 at a compound annual growth rate (CAGR) of 7.56%.

The growing maritime trade and transportation are expected to propel the maritime safety system market.

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The maritime safety system market consists of the sales of maritime safety system solutions and related services by entities (organizations, sole traders, and partnerships) that refer to planned solutions and services implemented by shipping companies to ensure ship and marine environment safety. MSS aims to alert the system about the position and safety-related concerns of the ships in the vicinity, search and rescue coordination, and protection from terrorism, piracy, robbery, illegal trafficking activities, and others.

Global Maritime Safety System Market Segments Include:
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, Others

By Application: Loss prevention and detection, Security management, Counter piracy, Coastal monitoring, Safety of ship, Pollution Prevention and Response (PPR) management

By End User: Government Institutions, Oil and Gas, Marine and construction, Shipping and Transportation, Cargos and containers, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global maritime safety system market in 2021.

Technology developments such as AI and IoT are a key trend gaining popularity in the maritime safety system market. For a long time, the key technology of marine safety and systems has remained unchanged. However, the rising number of accidents, terrorism, and other components is now subject to many changes within maritime safety and security by involving AI, IoT, Big Data, digital route management, innovative defense technology, integrated control systems, and others.

TBRC’s maritime safety system market report covers:

Major Market Players: Raytheon Anschutz, Honeywell, Elbit Systems, Saab Group, OSI Maritime Systems, BAE Systems, Thales Group, Kongsberg Gruppen, Smiths Group PLC, Signalis SA., HALO Maritime Defense Systems, SRT Marine Systems Plc, Westminster Group, Captain’s Eye, and Consilium.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Maritime Safety System Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides maritime safety system market overviews, analyzes and forecasts market size, share, maritime safety system market players, maritime safety system market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s maritime safety system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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