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The Long Range Identification and Tracking (LRIT) market within the Maritime sector is a system of communication and data exchange between ships and shore-based authorities. It is designed to improve the safety and security of vessels, as well as the efficiency of maritime operations. LRIT systems are used to track the movement of vessels, identify their location, and provide information on their activities. This data is used to monitor vessel traffic, detect suspicious activities, and respond to emergencies. LRIT systems also provide data on vessel characteristics, such as size, type, and cargo, which can be used to improve port operations.
LRIT systems are typically composed of a shore-based component, which is responsible for collecting and processing data, and a ship-based component, which is responsible for transmitting data. The data is transmitted via satellite or terrestrial networks, and is then stored in a secure database.
Companies in the LRIT market include Kongsberg Maritime, Saab, Thales Group, and Raytheon Technologies. Show Less Read more