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Maritime safety market forecast to 2024 illuminated by new report

The worldwide sea security advertise represented USD 17.3 billion of every 2016 developing at a CAGR of 7.7% amid the figure time of 2017 to 2024. The up and coming business sector report contains information for notable year 2014, 2015, the base year of count is 2016 and the figure time frame is 2017 to 2024

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Global maritime safety market accounted for USD 17.3 billion in 2016 growing at a CAGR of 7.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.”, also the Global Maritime Safety Market, By Geography; Technologies & Systems(Screening & Scanning, Access Control, Detectors, Geographic Information System, Surveillance & Tracking, Weather Monitoring, SCADA, Communication); Services; Categories- Industry Trends and Forecast to 2024.

Market Definition: Global Maritime Safety Market

Maritime safety is referred to be the mission of United States coast guard. Coast guard investigates maritime incidents, merchant vessels, offshore drilling units and maritime facilities.

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Apart from these coast guards are also responsible for licensing mariners, documenting U.S. flagged vessels, and implementing a variety of safety programs.

Maritime safety awareness, and regulatory compliances and standards may act as the major driver in the growth of marine safety. On the other side, absence of uniform standards of technologies and solutions may hamper the market.

Major market drivers & restraints:

  • Maritime safety awareness
  • Regulatory compliances and standards
  • Rising trade and freight transport activities by sea
  • Ungoverned marine regions
  • Absence of uniform standards of technologies and solutions
  • Transnational organized crime (TOC)

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Market Segmentation: Global Maritime Safety Market

The global maritime safety market is segmented on the basis of technologies and systems into screening and scanning, access control, detectors, geographic information system, surveillance and tracking, weather monitoring, SCADA, communication, and others. The access control segment is further sub segmented into biometrics, and identification card.

The detectors segment is further sub segmented into RFID tags, CARNE/HAZMAT detection, and laser range finder. The surveillance and tracking segment is further sub segmented into underwater surveillance, video surveillance, automatic identification system, long-range identification and tracking (LRIT), radar, optronics, and thermal imaging.

The communication segment is further sub segmented into satellite-based, and radio-based. The others segment is further sub segmented into long range acoustic device, e-navigation, charts, network security, cyber security, and intruder alarms.

On the basis of services, the global maritime safety market is segmented into

  • training,
  • risk assessment and investigation,
  • maintenance and support,
  • consulting, and others.

The others segment is further sub segmented into

  • loss prevention,
  • security management,
  • counter piracy,
  • kidnap,
  • and response consultancy.

On the basis of categories, the global maritime safety market is segmented into

  • port and critical infrastructure security,
  • vessel security,
  • and coastal surveillance.

On the basis of geography, the global maritime safety market report covers data points for 28 countries across multiple geographies such as

  • North America,
  • South America,
  • Europe, Asia-Pacific,
  • Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Company Share Analysis: Global Maritime Safety Market

The report for maritime safety market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Maritime Safety Market

Some of the major players of the global maritime safety market are

  • BAE Systems,
  • Elbit Systems Ltd.,
  • Harris Corporation,
  • Honeywell International Inc.,
  • Kongsberg Gruppen ASA,
  • Northrop Grumman Corporation,
  • Raytheon Anschütz,
  • Saab AB,
  • Leonardo – Società per azioni,
  • ABS Group,
  • Consilium AB Publ.,
  • Vane Brothers,
  • Safety Management Systems LLC,
  • Siam Global Marine Safety Co., Ltd., and others.

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