Global Maritime Safety Market at a CAGR of 7.6 % Growth, Trends and Absolute Opp

Posted by ganesha on January 24th, 2020

The company profiles of all the major players and brands that are dominating the market are covered in the report with respect to their moves like product launches, joint ventures, mergers and acquisitions. The Global Maritime Safety Market research report also explains in depth description, competitive scenario, product portfolio of key vendors and their business strategies with the help of SWOT analysis and porter's five force analysis. This market report offers an actionable market insight with which sustainable and profitable business strategies can be built. This Global Maritime Safety Market report has been prepared by conducting market research in a systematic manner.

Global Maritime Safety Market is expected to rise from its initial estimated value of USD 20.03 billion in 2018 to an estimated value of USD 35.98 billion by 2026, registering a CAGR of 7.6 % in the forecast period of 2019-2026.

Complete Report is Available@

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-maritime-safety-market

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. 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 hand, absence of uniform standards of technologies and solutions may hamper the market.

Market Drivers:

• Maritime safety awareness
• Regulatory compliances and standards
• Rising trade and freight transport activities by sea

Market Restraints:

• Ungoverned marine regions
• Absence of uniform standards of technologies and solutions
• Transnational organized crime (TOC)

Segmentation: Global Maritime Safety Market

By technologies and systems

• Screening and scanning
• Access control

• • • Biometrics
    • Identification Card

• Detectors

• • • RFID tags
    • CARNE/HAZMAT detection
    • Laser Range Finder

• Geographic information system
• Surveillance and tracking

• • • Underwater Surveillance
    • Video Surveillance
    • Automatic Identification System
    • Long-Range Identification And Tracking (LRIT)
    • Radar
    • Optronics
    • Thermal Imaging

• Weather monitoring
• SCADA
• Communication

• • • Satellite-Based
    • Radio-Based

• Others

• • • Long Range Acoustic Device
    • E-Navigation
    • Charts
    • Network Security
    • Cyber Security
    • Intruder Alarms

By services:

• Training, risk assessment and investigation
• Maintenance and support
• Consulting
• Others

By others segment :

• Loss Prevention
• Security Management
• Counter Piracy
• Kidnap
• Response Consultancy

By categories:

• Port And Critical Infrastructure Security
• Vessel Security
• Coastal Surveillance

Brief about Maritime Safety Report with TOC @

https://www.databridgemarketresearch.com/toc/?dbmr=global-maritime-safety-market

Key Developments in the Market:

• In April 2019, the EU’s Frontex border and coastguard agency and the European Maritime Safety Agency (EMSA) had been contracted a number of military-grade UAVs to carry out surveillance programmes in waters around Europe. Texas Instruments Incorporated announced the launch of low cost high quality DLP technology chipset. This will enhance the Maritime Safety as it will monitor oil spills.
• In April 2019, NIMASA, PFSO exposed the falseness report on port security. This report explained that the U.S. Coast Guard is working with province rules. This report will become a driving factor in the industry because it will lead new playerS in.

Competitive Analysis

Global Maritime Safety Marketis highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of maritime safety market for global, Europe, North America, Asia-Pacific and South America.

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