Global Maritime Safety System Market Dynamic and Recent Market Strategy

Global maritime safety system market is anticipated to grow at a CAGR of 7.8% during the forecast period (2024-2031). The global market for maritime safety systems is expanding rapidly as a result of improvements in technology, safety, and regulatory compliance. Search and rescue communication systems, radar systems, global maritime distress and safety systems (GMDSS), electronic charts, surveillance and security systems, fire detection and alarm systems, automatic identification systems, long-range identification and tracking, and vessel tracking systems are some of the significant utilizes. The innovations help in search and rescue initiatives, enhance situational awareness, and offer real-time monitoring. It additionally enhances navigational accuracy, safeguards ports and ships from dangers, and substitutes electronic charts for conventional paper ones. Ensuring maritime safety and security requires these systems.

Browse the full report description of “Maritime Safety System Market Size, Share & Trends Analysis Report by Vehicle Type (Port & Critical Infrastructure Security, Coastal Surveillance, Crew Security, Vessel, Cargoes & Containers Safety, Ship System & Equipment (SSE) Safety, and Other), and by System (Ship Security Reporting System, Automatic Identification System (AIS), Global Maritime Distress Safety System (GMDSS), Long Range Tracking & Identification (LRIT) System, Vessel Monitoring & Management System, and Other) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/maritime-safety-system-market

Recent Market Developments

• In March 2024, EUSPA launched the EGNOS Safety of Life Assisted Service for Maritime Users (ESMAS), providing an augmentation solution for maritime users in areas where DGNSS services are unavailable. ESMAS complements ground-based augmented signals, adding protection against errors and increasing accuracy. DGNSS is an enhancement to GNSS for correcting errors and inaccuracies.

• In November 2022, Inmarsat introduced a next-generation terminal for maritime safety services, including Fleet Safety. The hardware promises ultra-resilient connectivity across Inmarsat's ELERA L-band network, meeting IMO requirements and performance standards. The terminal will be supplemented with two new satellites.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Security Type

o By System

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - ABB Ltd., Kongsberg Gruppen ASA, Siemens AG, Thales, Wärtsilä Corp., 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?
• 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

• Port & Critical Infrastructure Security
• Coastal Surveillance
• Crew Security
• Vessel, Cargoes & Containers Safety
• Ship System & Equipment (SSE) Safety
• Other Security Types (Safety of Marine Installations, and Cyber Security)

By System

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

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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