Lucintel Blog: Maritime Safety and Security Market is anticipated to grow at a CAGR of 6% to 8% during 2023-2028

Tuesday, February 28, 2023

Maritime Safety and Security Market is anticipated to grow at a CAGR of 6% to 8% during 2023-2028

The global maritime safety and security market is projected to reach $XX billion by 2028, at a CAGR of 6% to 8% during 2023-2028. The growth of maritime safety and security market is driven by rising need to manage complex supply chain operations and increasing sustainability across the marine industry, increasing trade and freight transport activities through the sea, and rising need to create awareness about maritime safety.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the maritime safety and security market by component (solutions and services), security type (port and critical infrastructure security, coastal surveillance, vessel security, crew security, cargoes and containers safety, ship system and equipment (SSE) safety, and other security type), system (ship security reporting system, automatic identification system (AIS), global maritime distress safety system (GMDSS), long range tracking and identification (LRIT) system, vessel monitoring and management system, and other system), application (loss prevention and detection, security management, counter piracy, coastal monitoring, safety of ship, and pollution prevention and response (PPR) management), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the maritime safety and security market?

Q.4 What are some changing demands of customers in the maritime safety and security market?

Q.5 What are the new developments in the maritime safety and security market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this maritime safety and security area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this maritime safety and security market?

Download Brochure of this report by clicking on https://www.lucintel.com/maritime-safety-and-security-market.aspx.

Market Segmentation:

Based on component, the maritime safety and security market is segmented into solutions and services. The safety segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increased outsourcing of safety system installation, maintenance in the shipping industry, and growing government initiatives to improve maritime safety.

North America will remain the largest region due to increasing investments in maritime security system technologies, expanding the presence of maritime safety system suppliers, and growing government backing for the naval security system.

Key Players in the maritime services and security market are Honeywell International, Thales Group, Smith’s Group, Elbit Systems, Northrop Grumman, Westminster Group, Raytheon Anschutz, Saab Group, OSI Maritime Systems, and BAE Systems.

Request Sample Pages by clicking on https://www.lucintel.com/maritime-safety-and-security-market.aspx.

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/maritime-safety-and-security-market.aspx.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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