The Maritime Safety System Market is Predict to reach USD 60.49 Billion by 2032, at a CAGR of 9.7%

Maritime Safety System Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Maritime Safety System Market size is expected to reach $60.49 billion by 2032, rising at a market growth of 9.7% CAGR during the forecast period.

The maritime safety system market plays a pivotal role in ensuring the secure and efficient movement of vessels, cargo, and personnel across global waterways. As maritime activities intensify due to increasing international trade, offshore energy exploration, and cruise tourism, the emphasis on robust safety mechanisms has surged. Maritime safety systems encompass a wide range of technologies and protocols designed to prevent accidents, mitigate risks, and support regulatory compliance.

The Automatic Identification Systems (AIS) segment captured the maximum revenue in the Global Maritime Safety System Market by System in 2024, thereby, achieving a market value of $15.5 billion by 2032. The automatic identification systems category plays a pivotal role in maritime safety by enabling real-time tracking and identification of vessels. These systems support improved maritime traffic management, enhance situational awareness for ships and port authorities, and contribute significantly to collision avoidance.

The Port & Vessel Security segment is experiencing a CAGR of 8.9 % during the forecast period. Port and vessel security is the most prominent application within maritime safety systems. It involves the deployment of surveillance, access control, and threat detection technologies to prevent unauthorized access, piracy, and smuggling. These systems help secure port infrastructure and vessels, ensuring safe and efficient maritime operations.

The Commercial Shipping segment led the maximum revenue in the Global Maritime Safety System Market by End Use in 2024, thereby, achieving a market value of $22.0 billion by 2032. Commercial shipping is the largest end-use segment in the maritime safety system market. This sector relies heavily on advanced safety systems to manage large fleets, ensure cargo security, and meet international maritime regulations. Technologies such as AIS, GMDSS, surveillance systems, and cybersecurity tools are commonly used.

The Hardware segment is growing at a CAGR of 9.2 % during the forecast period. Hardware forms the foundation of maritime safety systems, comprising devices like radar, AIS transponders, surveillance cameras, and emergency alert units. These tools are essential for navigation, vessel tracking, threat detection, and communication. Installed on ships, offshore rigs, and port facilities, they provide real-time situational awareness. With the rise in global maritime trade, the need for robust and durable hardware has grown.

Full Report: https://www.kbvresearch.com/maritime-safety-system-market/

The North America region dominated the Global Maritime Safety System Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $20.2 billion by 2032. The Asia Pacific region is anticipated to grow at a CAGR of 10.2% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 9.5% during (2025 - 2032).

List of Key Companies Profiled

• BAE Systems PLC
• L3Harris Technologies, Inc.
• Elbit Systems Ltd.
• Honeywell International, Inc.
• ABB Ltd.
• Northrop Grumman Corporation
• Saab AB
• Kongsberg Group
• Smiths Group PLC
• Thales Group S.A.

Maritime Safety System Market Report Segmentation

By System

• Automatic Identification Systems (AIS)
• Global Maritime Distress & Safety (GMDSS)
• Navigation & Surveillance Systems
• Ship Security Alert Systems (SSAS)
• Other System

By Application

• Port & Vessel Security
• Search & Rescue
• Communication & Emergency Response
• Environmental & Accident Monitoring
• Other Application

By End Use

• Commercial Shipping
• Naval Forces & Coast Guards
• Oil & Gas (Offshore)
• Port Authorities
• Other End Use

By Component

• Hardware
• Software
• Services

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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