The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global maritime safety system market is projected to increase from $18.45 billion (2022) to $19.87 billion (2023), with a 7.7% CAGR. By 2027, it’s anticipated to reach $26.04 billion, growing at a 7.0% CAGR.

What will drive the maritime safety system market?
The maritime safety system market is set to grow due to increased maritime trade and transportation.

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Who are the major players in the market?
Major Market Players in the maritime safety system market include Raytheon Anschutz, Honeywell , Elbit Systems, Saab Group , OSI Maritime Systems, BAE Systems, Thales Group, Kongsberg Gruppen.

Which trend is gaining popularity in the maritime safety system market?
Technology advancements like AI and IoT are notable trends in the maritime safety system market. While maritime safety tech has been static, rising accidents, terrorism, and other factors drive changes. These include AI, IoT, Big Data, digital route management, defense tech, and integrated control systems.

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How is the maritime safety system market segmented?

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, Other Systems
• 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 & Gas, Marine & construction, Shipping & Transportation, Cargos & containers, Other End-Users
• 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.

The Maritime Safety System Global Market Report 2023  provides an overview of the maritime safety system market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The maritime safety system market forecast analyzes maritime safety system market size, maritime safety system market share, leading competitor and their market positions.

Maritime safety systems are shipping companies’ solutions for ship and marine environment safety. They involve ship position alerts, safety, search and rescue, and protection from various threats like piracy, terrorism, and illegal trafficking.

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