Maritime Safety System Market Report 2025

This Maritime Safety System market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The maritime safety system market size has grown strongly in recent years. It will grow from $20.82 billion in 2024 to $22.04 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to international maritime regulations, growth in global shipping, maritime accidents, rising concerns about piracy, environmental protection.

The maritime safety system market size is expected to see steady growth in the next few years. It will grow to $26.29 billion in 2029 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to investment in port infrastructure, emerging autonomous vessels, collaboration with coastal authorities, insurance requirements, security threats in maritime. Major trends in the forecast period include digitalization of maritime operations, integration of artificial intelligence, remote monitoring and telematics, digital twins for vessel safety, satellite-based communication, emergency response automation.

The increasing maritime trade and transportation are anticipated to boost the maritime safety system market. Enhanced consumer well-being leads to higher production levels. Reduced emissions during long voyages and maritime trade enable producers to maintain their competitive edge. Sea transport is more cost-effective and environmentally friendly than other shipping methods for long distances, as it allows for a greater volume of products to be moved in a single trip. For example, in July 2023, the United Nations Conference on Trade and Development (UNCTAD), a UN agency based in Switzerland, reported that maritime trade volume is projected to grow by 2.4 percent in 2023. In 2022, containerized trade, measured in metric tons, saw a decline of 3.7 percent. However, UNCTAD forecasts a 1.2 percent increase in 2023, with further growth exceeding 3 percent expected during the period from 2024 to 2028. Additionally, oil and gas trade volumes experienced significant annual growth rates of 6 percent and 4.6 percent, respectively, in 2022. Therefore, the upward trend in maritime trade and transportation will contribute to the expansion of the maritime safety system market.

The marine safety system market is expected to receive a boost from the expansion of global shipping. With an increase in shipping activities globally, there is a higher risk of safety-related incidents, making maritime safety systems crucial. The United Nations Conference on Trade and Development reported a notable increase in global shipments, emphasizing the growth in Africa, Latin America, and the Caribbean. The demand for maritime safety systems is evident in the need to prevent accidents and enhance safety measures in response to the rising global shipping activities.

Companies in the marine safety system market are innovating by developing new products such as single-man portable subsea remotely operated vehicles (ROVs). These compact, remotely controlled underwater vehicles are designed for underwater inspections and maintenance. For instance, SeaDrone Inc. launched SeaDrone MINI, a professional-grade ROV that is compact, one-person-operable, and equipped with advanced features. The MINI ROV is designed for underwater tasks in challenging environments, offering users varying levels of experience a versatile and efficient solution.

The avenue of innovation in the marine safety system market involves the development of products like long-range identification and tracking (LRIT). LRIT is an international system that monitors and tracks ship movements over long distances, typically in international waters. Lars Thrane A/S introduced LRIT capabilities to its LT-3100S global maritime distress and safety system (GMDSS), enhancing the tracking capabilities of vessels. LRIT functionality is available for activation across all versions of the GMDSS system, providing comprehensive monitoring capabilities.

In August 2024, Noatum, a logistics, maritime, and port services company based in Spain, acquired Safina B.V. for an undisclosed sum. This acquisition supports strategic growth by leveraging Safina's expertise, capacity, and reputation in Egypt's maritime agency market. Additionally, it aligns with the company's expansion in the Middle East, a crucial market for its global strategy, and integrates well with AD Ports Group's broader presence in Egypt, recently highlighted by the signing of concession agreements for managing and operating cruise and Ro-Ro terminals at the ports of Safaga, Hurghada, Sharm El Sheikh, and Sokhna. Safina Shipping Services is an Egypt-based provider of comprehensive shipping services, cargo handling, and vessel protection.

Major companies operating in the maritime safety system market include Anschutz GmbH, Honeywell International Inc., Elbit Systems Ltd., Saab AB, OSI Maritime Systems Ltd., BAE Systems plc, Thales Group, Smiths Group plc, Northrop Grumman Corporation, Westminster Group Plc, L3Harris Technologies Inc., Kongsberg Gruppen ASA, Leonardo S.p.a., Atlas Elektronik GmbH, Airbus SE, Terma Group AS, Nuctech Company Ltd., ARES Security Corporation, Rolta India Ltd., HALO Maritime Defense Systems Inc., Lockheed Martin Corporation, General Dynamics Corporation, Harris Corporation, Safran S.A., FLIR Systems Inc., Garmin Ltd., Furuno Electric Co. Ltd., Japan Radio Co. Ltd., Wärtsilä Corporation, Signalis SA, SRT Marine Systems PLC, Consilium Strategic Communications Ltd., MarineGuard Systems Ltd., Martek Marine Ltd., HENSOLDT UK.

Asia-Pacific was the largest region in the maritime safety system market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maritime safety system market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the maritime safety system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The Maritime Safety System (MSS) refers to planned solutions and services implemented by shipping companies to ensure the safety of ships and the marine environment. MSS aims to provide a comprehensive approach to alert the system about the position and safety-related concerns of ships in the vicinity. It includes functionalities related to search and rescue coordination and protection from various security threats, such as terrorism, piracy, robbery, and illegal trafficking activities.

The main types of maritime safety systems include the 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 systems like the Automated Manifest System (AMS) and Automated Mutual Assistance Vessel Rescue System (AMVER). The Security Reporting System involves electronic systems designed to prevent or mitigate potential risks in ships by implementing less hazardous processes and programs to reduce injuries and property loss. Maritime safety systems are employed for various purposes, including loss prevention and detection, security management, counter-piracy measures, coastal monitoring, safety of ships, and Pollution Prevention and Response (PPR) management. These systems find applications in diverse sectors such as government institutions, oil & gas, marine & construction, shipping & transportation, cargos & containers, and other end-users.

The maritime safety system market research report is one of a series of new reports that provides maritime safety system market statistics, including maritime safety system industry global market size, regional shares, competitors with a maritime safety system market share, detailed maritime safety system market segments, market trends and opportunities, and any further data you may need to thrive in the maritime safety system industry. This maritime safety system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The maritime safety system market consists of revenues earned by entities by providing maritime safety solutions such as navigation, tracking, sending, and receiving real-time data, assistance to vessels, and managing ship traffic. The market value includes the value of related goods sold by the service provider or included within the service offering. The maritime safety system market also includes sales of automatic identification systems, GMDSS systems, long-range tracking and identification (LRIT) system, automated manifest system (AMS), automated mutual assistance vessel rescue systems (AMVER), and vessel management systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in maritime safety system market related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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