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Global Maritime Safety Market Research Report - Segmentation by technology and systems (Surveillance and tracking; detectors; Geographic Information System; Communication; Supervisory Control and Data Acquisition, Screening & Scanning, Access Control, Weather Monitoring and Others), By Service (Maintenance and Support, Training, Consulting, Risk assessment and investigation, Others), by Category (Port and critical infrastructure security, vessel security, coastal surveillance) – Demand Analysis and Opportunity Outlook 2027

Published: January, 2022
ID: 8324
Pages: 150

Global Maritime Safety Market Size (2022-2027)

The Global Maritime Safety Market was worth US$ 21.9 billion in 2022, and it is estimated to reach a valuation of US$ 27.7 billion by the end of 2027, expanding at an annual growth rate of 6.1% between 2022 and 2027.

Marine time safety is associated with the protection of the vessels, ports and other infrastructure related to the shipping business from intentional damage through terrorism, pirate attacks etc. Maritime safety is broad term that includes everything with the safety of the workers into the ship to the ship construction and maintenance, port and infrastructure security. It is a term that defines the undertaking security measures of vessels from both internally and externally. The ports around the world which is used for international trade is prone to several kinds of attacks and illegal activities. Several illegal activities such as terrorism, supply of illegal weapons, drugs, immigration can be done for that the maritime security solutions is required in order to track these kinds of activities. The different types of technology and system s are there for marine time safety such as Surveillance and tracking; detectors; Geographic Information System; Communication; Supervisory Control and Data Acquisition, Screening & Scanning, Access Control etc. the increasing awareness and the need to maintain the marine security is driving the growth of the marine safety market.

Market Drivers:

The driving force of the Maritime Safety Market is the growing maritime trade and transportation around the globe is driving the demand of the maritime safety solution in the ports.

The growing activities such as trafficking of prohibited substances, attacks on the ports or the coastal areas, illegal immigration worldwide is fueling the demand of maritime security solutions in order to surveillance the  suspicious activities. The growing geopolitical tensions and disputes among the neighboring countries is propelling the demand of the marine safety solutions.

The growing conflicts in the Indian Ocean and the South China Sea are increasing the demand of maritime safety in the Asia Pacific region. According to International Maritime Organization almost 90% of the global trade is carried through sea network which is escalating the investment in the infrastructure and the security of the ports is propelling the demand of the marine time safety solutions which in turn drive the growth of the maritime safety market.

The current growing trend of adopting smart technologies like artificial intelligence, cloud-based technologies for security purposes in the ports is driving the growth of the maritime security market in the forecast period. Presently, there are several ports that are equipped with smart security solutions in order to handle attacks therefore the port operators are investing for the deployment of the new smart security solutions in order to strengthen their security measures for the future which will further fueling the growth of maritime safety market growth.

Market Restraints:

With the developing technology, the development of the stealth vessels is expanding and stealth vessels are difficult to detect with low generation monitoring system technology so it is difficult to build an advance surveillance solution. And the initial cost of developing and advance solution is too high which is major challenge to the original equipment manufacturers.

Recent Developments:

In November 2021, Saab has announced it has been signed a contract with launched customer for new Underwater Robot to Ocean Infinity.

In October 2021, Saab has entered a Memorandum of Understanding in order to cooperate with ORBCOMM and AAC Clyde Space AB for developing the next-generation of global maritime communication services that would be based on VHF Data Exchange Systems (VDES).

GLOBAL MARITIME SAFETY MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

6.1%

Segments Covered

By Technology and Systems,  Service, Category, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BAE Systems PLC (U.K.),Honeywell International, Inc. (U.S.),Northrop Grumman Corporation (Israel),Raytheon Anschütz GmbH (Germany),Saab Group (Sweden),Elbit Systems Ltd. (Israel),Harris Corporation (U.S.),Kongsberg Gruppen ASA (Norway),Leonardo-Finmeccanica (Italy),Signalis SA (France) and Others.

 

Market Segmentation:

Global Maritime Safety Market - By Technology and Systems:

  • Surveillance and Tracking
  • Detectors
  • Geographic Information System
  • Communication
  • Supervisory Control and Data Acquisition
  • Screening & Scanning
  • Access Control
  • Weather Monitoring
  • Others

Based on Technology and Systems, the Global Maritime Safety Market is segmented into Surveillance and tracking; detectors; Geographic Information System; Communication; Supervisory Control and Data Acquisition, Screening & Scanning, Access Control, Weather Monitoring and Others. Surveillance and Tracking segment is dominating the market and will sustain its dominating position within the forecast period due to increased demand of security in ports and coastal. The need for surveillance and tracking is expected to be high in those regions where the incidence pirate attacks and robbery have increased over the years such as Latin America, Caribbean and West Africa.

Global Maritime Safety Market - By Service:

  • Maintenance and Support
  • Training, Consulting
  • Risk assessment and investigation
  • Others

Based on Service, the Global Maritime Safety Market is segmented into Maintenance and Support, Training, Consulting, Risk assessment and investigation, others. Risk assessment and investigation services is expected to dominate the market during the forecast period as prevention of the management risk is a necessity for preventing incidents as well as accidents. Also, the Maintenance and the support service segment is estimated to have steady growth during the forecast period.

Global Maritime Safety Market - By Category:

  • Port and critical infrastructure security
  • Vessel security
  • Coastal surveillance

Based on Category, the Global Maritime Safety Market is segmented into Port and critical infrastructure security, vessel security, coastal surveillance. The port and critical infrastructure security segment is expected to dominate the market during the forecast period. The increasing focus on strengthening marine time security in ports due to increasing dispute among neighboring countries, terrorist attacks and the changing nature of Warfield in developing as well as developed countries. The Security Vessel segment is also going to dominate the market in near future due to increasing number of cargo vessels for sea trade operations. Thus, the protection of vessels from a collision and also to control criminal activities such as piracy, illegal immigration, drug trafficking, illegal fishing is fueling the growth of the global marine time safety market.

Regional Analysis:

The Global Maritime Safety Market has been categorized in four regions: North America, Europe, Asia-Pacific, and RoW (Rest of the World). 

North America is the largest share of the Maritime Safety Market and will hold its dominating position in the market over the forecast period. Due to the presence of large number of port along with increasing volume of import and export activities in this region which in turn increase the demand of maritime safety solution in order to increase the regional security. Also the large revenue is generated from in the region from marine time safety solutions vendors due to extensive marine travel and freight activities in the developed countries like United States and Canada. Moreover, the shipping and transportation companies in this region are highly focused towards the adoption of advanced maritime safety solutions from R&D in maritime technologies.

After America, Europe has showcased a significant market share of maritime safety solution owing to the high marine trade activities in the U.K. and also presence of establish marine industries in this region is propelling the market growth.

Asia-Pacific is witnessing a significant growth rate during the forecast period due to rapidly increasing marine time trade in this region. The investments are being made into the development of new ports and terminal expansion in order to cater the marine trade in this region. The ports are introducing new security solutions in order to track unidentified goods and materials, automatic alarms for unusual gathering at the ports, tracking alarm of camera tampering etc. The rising conflicts in the Indian Ocean and the South China Sea is going to drive the marine safety solution in this reason. Moreover, the increasing investment in the maritime security by the port authorities in China, Japan, Austria, and Vietnam is expected to boost the growth of maritime safety market.

Leading Company:

Raytheon had the largest share of the world’s Maritime Safety in terms of sales revenue in 2020.

Covid-19 Impact on Global Maritime Safety Market: 

The Global Maritime Safety Market has been significantly impacted by the COVID-19 outbreak.

Due to pandemic, the strict regulations and complete and partial lockdown has imposed which in turn affect the international sea trade activities. Therefore, the demand of the maritime solutions was decreasing during the pandemic. New projects have stalled through the international airports, which in turn, have led to a decline in the demand for maritime safety solutions. Also, due to pandemic there were fewer workforces in the manufacturing industries which have caused disruption in the production as well as supply chain of the maritime safety solutions. However, the international trade is gaining their speed and the ports operators are investing on the technologies like AI, Big data and internet of things in order to increase the operational efficiency, reduced environmental impacts and enhance the security of the facilities is driving the growth of the Maritime Security Market in future.

Key Players:

Some of the leading companies operating in the Global Maritime Safety Market are 

  • BAE Systems PLC (U.K.)
  • Honeywell International, Inc. (U.S.)
  • Northrop Grumman Corporation (Israel)
  • Raytheon Anschütz GmbH (Germany)
  • Saab Group (Sweden)
  • Elbit Systems Ltd. (Israel)
  • Harris Corporation (U.S.)
  • Kongsberg Gruppen ASA (Norway)
  • Leonardo-Finmeccanica (Italy)
  • Signalis SA (France)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Maritime Safety Market , By technology and systems                             

                                6.1.1 Surveillance and tracking  

                                6.1.2 detectors 

                                6.1.3 Geographic Information System    

                                6.1.4 Communication    

                                6.1.5 Supervisory Control and Data Acquisition  

                                6.1.6 Screening & Scanning         

                                6.1.7 Access Control       

                                6.1.8 Weather Monitoring           

                                6.1.9 Others      

                                6.1.10 Market Size Estimations & Forecasts (2022-2027)

                                6.1.11 Y-o-Y Growth Rate Analysis           

                                6.1.12 Market Attractiveness Index        

                6.2 Maritime Safety Market , By Service               

                                6.2.1 Maintenance and Support

                                6.2.2 Training    

                                6.2.3 Consulting               

                                6.2.4 Risk assessment and investigation

                                6.2.5 Others      

                                6.2.6 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

                6.3 Maritime Safety Market , By Category                            

                                6.3.1 Port and critical infrastructure security       

                                6.3.2 vessel security       

                                6.3.3 coastal surveillance             

                                6.3.4 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.5 Y-o-Y Growth Rate Analysis             

                                6.3.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Maritime Safety Market , by Region                  

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By technology and systems             

                                7.2.3 By Service

                                7.2.4 By Category            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By technology and systems             

                                7.3.3 By Service

                                7.3.4 By Category            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By technology and systems             

                                7.4.3 By Service

                                7.4.4 By Category            

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By technology and systems             

                                7.5.3 By Service

                                7.5.4 By Category            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By technology and systems             

                                7.6.3 By Service

                                7.6.4 By Category            

8. Key Player Analysis                                    

                8.1 BAE Systems PLC                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Honeywell International, Inc.                             

                8.3 Northrop Grumman Corporation                      

                8.4 Raytheon Anschütz GmbH                   

                8.5 Saab Group                

                8.6 Elbit Systems Ltd.                     

                8.7 Harris Corporation                   

                8.8 Kongsberg Gruppen ASA                      

                8.9 Leonardo-Finmeccanica                        

                8.10 Signalis SA                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Maritime Safety  Market By Region, From 2022-2027 ( USD Billion )
  2. Global Maritime Safety  Market By technology and systems , From 2022-2027 ( USD Billion )
  3. Global Surveillance and tracking Market By Region, From 2022-2027 ( USD Billion )
  4. Global detectors Market By Region, From 2022-2027 ( USD Billion )
  5. Global Geographic Information System Market By Region, From 2022-2027 ( USD Billion )
  6. Global Communication Market By Region, From 2022-2027 ( USD Billion )
  7. Global Supervisory Control and Data Acquisition Market By Region, From 2022-2027 ( USD Billion )
  8. Global Screening & Scanning Market By Region, From 2022-2027 ( USD Billion )
  9. Global Access Control Market By Region, From 2022-2027 ( USD Billion )
  10. Global Weather Monitoring  Market By Region, From 2022-2027 ( USD Billion )
  11. Global Others Market By Region, From 2022-2027 ( USD Billion )
  12. Global Maritime Safety  Market By Service, From 2022-2027 ( USD Billion )
  13. Global Maintenance and Support Market By Region, From 2022-2027 ( USD Billion )
  14. Global Training Market By Region, From 2022-2027 ( USD Billion )
  15. Global Consulting Market By Region, From 2022-2027 ( USD Billion )
  16. Global Risk assessment and investigation Market By Region, From 2022-2027 ( USD Billion )
  17. Global Others Market By Region, From 2022-2027 ( USD Billion )
  18. Global Maritime Safety  Market By Category, From 2022-2027 ( USD Billion )
  19. Global Port and critical infrastructure security Market By Region, From 2022-2027 ( USD Billion )
  20. Global vessel security Market By Region, From 2022-2027 ( USD Billion )
  21. Global coastal surveillance Market By Region, From 2022-2027 ( USD Billion )

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