The global maritime safety system market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2022-2028). The global maritime safety system market is expected to grow during the forecast period due to enhanced technological advancement, and successful integration with the latest technology such as smart containers, with capabilities such as GPS tracking, travel risk management (TRM), and low-global-warming-potential (GWP). Companies are supporting the research and development of unique and developed monitoring systems that will improve the overall security at the maritime borders.
Browse the full report description of “Global Maritime Safety System Market Size, Share & Trends Analysis Report by Security Type (Port & Critical Infrastructure Security, Coastal Surveillance, Crew Security, Vessel, Cargoes & Containers Safety, Ship System & Equipment (SSE) Safety, and Other Security Type), by Application (Loss Prevention & Detection, Security Management, Counter-Piracy, and Coastal Monitoring), and by System (Ship Security Reporting System, Automatic Identification System, Global Maritime Distress Safety System (GMDSS), Long Range Tracking & Identification (LRIT) System, Vessel Monitoring & Management System, and Other Systems) Forecast (2022-2028)” at https://www.omrglobal.com/industry-reports/maritime-safety-system-market
For instance, in December 2021, Everbridge introduced its next-generation Travel Risk Management (TRM) solution for new and existing customers. It assists businesses and organizations in quickly locating and communicating with traveling employees, remote workers, and those returning to the office, who may be in harm’s way. Moreover, as a part of their expansion strategies, companies are acquiring stakes in companies that will complement their current solutions and improve their footprint in the market.
Additionally, in April 2021, Leonardo announced that it acquired a 30% stake in GEM Elettronica, a company implicated in manufacturing small and medium-sized 3D radars, electro-optical sensors, and inertial systems for maritime, coastal, and airport surveillance.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Security Type
o By Application
o By System
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including THALES Group, Smith’s Group plc, Westminster Group Plc, OSI MARITIME SYSTEMS, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Maritime Safety System Market Report Segment
By Security Type
By Application
By System
Global Maritime Safety System Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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