Maritime Safety Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC389

Introduction

The field of maritime safety is associated with the protection of property and life with the help of management, regulation, and technological development of varied forms of waterborne transportation. The major factors promoting growth of the maritime safety market include huge rise in travel and trade activities by seaways, rising awareness about maritime safety, and compliance with regulatory guidelines and standards. The maritime safety refers to the safety of both, people on board as well as ashore and safety of cargo. The threats to the maritime safety may involve potential environmental effects that may cause due to accidental or operational discharge. Factors affecting the security of maritime can be grouped into external and internal factors. External factors may refer those arising due to waterway conditions, quality of vessel traffic services, hydrographic services, pilotage, maritime safety devices, availability of information on water levels, weather condition, and ice among others.  Internal factors may include onboard equipment, onboard crew competence, and condition of the ship. Maritime safety is necessary to avoid the instances of intentional damage to cargo, crew, or ship as a result of piracy or terrorism, violence, and theft. The market for maritime security has started to gain attention worldwide after the New York terror attack of 9/11.

Market Dynamics

The market for maritime safety is expected to witness increased momentum during the forecast period owing to the rise in maritime safety-based services. Increase in marine terrorism related incidents and rising piracy across the globe has led the vendors to offer augmented maritime safety services and solutions, thereby supporting transport and shipping enterprises from such illegal and unethical threats & acts.

Market Classification and Segment Overview

The global maritime safety market is broadly categorized based on the technology & systems, service, category, and region. Based on technology & systems, the detectors technology and systems segment is estimated to grow at a robust pace during the future years. The conventional systems are highly replacing laser range finder systems due to its accuracy and reliability, thereby showcasing robust growth in the segment. However, the tracking and surveillance segment commands the majority of the share in global maritime safety market owing to exponentially high demand for underwater surveillance and video technologies and systems from the segment. On the basis of service, the risk assessment and investigation services are forecasted to grow at a robust pace during the future years. The vessel security segment is estimated to command the largest market share in market. However, the port and critical infrastructure security segment is estimated to grow at a robust pace during the future years. There is a huge demand for maritime safety-based services during the future years.

Geographically, the global maritime safety market has been categorized on the basis of regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa (MEA). The North American region is expected to command the largest share of the global maritime safety solution market. The European region also is expected to become the second largest revenue generating nations for maritime safety solution vendors. Factors such as the extensive freight activities and marine travel in the developed nations such as the U.S. and Canada are propelling the growth of this market. The majority of shipping and transport companies are adopting advanced security solutions for their freights. The Asia-Pacific region is estimated to grow at a robust pace in the global maritime safety market, due to high rate of adoption of marine transport and increase in the number of sea crimes in the Indian Ocean and Arabian Sea.

Report Coverage

Market

Global Maritime Safety Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Technology & Systems, Service, Category, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

The global maritime safety solutions market consists of major companies such as BAE Systems PLC, Northrop Grumman Corporation, Honeywell International, Inc., Raytheon Anschütz GmbH, Elbit Systems Ltd., Saab Group, Harris Corporation, Leonardo-Finmeccanica, Kongsberg Gruppen ASA, and Signalis SA. The other stakeholders include consulting firms, maritime safety solution providers, enterprise users, value added resellers, IT service providers, and security technology providers. Marine terrorism related incidents and rising piracy across the globe has led vendors to offer augmented maritime safety services and solutions, thereby supporting the transport and shipping enterprises from such illegal and unethical threats & acts.

Market Segmentation

Market by Technology & Systems

·         Geographic Information System (GIS)

·         Surveillance & tracking

·         Communication

·         Detectors

·         Access control

·         Supervisory Control And Data Acquisition (SCADA)

·         Weather monitoring

·         Screening & scanning

·         Others

Market by Service

·         Risk assessment and investigation

·         Maintenance and support

·         Consulting

·         Training

·         Others

Market by Category

·         Vessel security

·         Port and critical infrastructure security

·         Coastal surveillance

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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