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Global Maritime Distress & Safety System Market (2022-2027) by Components, Frequency Band, Security Type, System, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 171 Pages
  • August 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5669205

Maritime safety has become crucial due to the increasing number of maritime threats, piracy, sabotage, unlawful acts

The Global Maritime Distress & Safety System Market is estimated to be USD 18.06 Bn in 2022 and is expected to reach USD 29.26 Bn by 2027, growing at a CAGR of 10.13%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.

Market Segmentations

The Global Maritime Distress & Safety System Market is segmented based on Components, Frequency Band, Security Type, System, and Geography.
  • By Components, the market is classified into Digital Selective Calling, Emergency Position Indicating Radio Beacon, Integrated Satellite Communication Service, Maritime Safety Information System, and Search & Rescue Locating Equipment.
  • By Frequency Band, the market is classified into High Frequencies (3-30 MHz), Medium Frequencies (300-3 MHz), and Very High Frequencies (30- 300 MHz).
  • By Security Type, the market is classified into Port and Critical Infrastructure Security, Coastal Surveillance, Vessel Security, Crew Security, Cargoes and Containers Safety, and Ship System and Equipment (SSE) Safety.
  • By System, the market is classified into Ship Security Reporting System, Automatic Identification System, Maritime Distress Safety System, Longer Range Tracking and Identification System, Vessel Monitoring and Management System, and Others.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Airbus SE, BAE Systems, Inc., L3Harris Technologies, Leonardo-Finmeccanica, Thales Group, Terma Group, Saab Group, Westminster Group PLC, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Maritime Distress & Safety System Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Maritime Distress & Safety System Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Maritime Distress & Safety System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Maritime Distress & Safety System Market

What is the estimated value of the Global Maritime Distress & Safety System Market?

The Global Maritime Distress & Safety System Market was estimated to be valued at $18.06 Billion in 2022.

What is the growth rate of the Global Maritime Distress & Safety System Market?

The growth rate of the Global Maritime Distress & Safety System Market is 10.1%, with an estimated value of $29.26 Billion by 2027.

What is the forecasted size of the Global Maritime Distress & Safety System Market?

The Global Maritime Distress & Safety System Market is estimated to be worth $29.26 Billion by 2027.

Who are the key companies in the Global Maritime Distress & Safety System Market?

Key companies in the Global Maritime Distress & Safety System Market include Airbus SE, BAE Systems, Inc., Danphone A/S, Elbit Systems Ltd., Furuno Electric Co., Ltd., Honeywell International Inc., Hudson Analytix, Inc., Inmarsat plc, Kongsberg Gruppen asA and L3Harris Technologies.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Need for Maritime Safety Awareness
4.1.2 Increasing Maritime Trade and Sea-Based Freight Transport Activities
4.2 Restraints
4.2.1 Stringent Environmental Regulations and Compliance Issues
4.2.2 Lack of Uniform Standards To Implement Security Solutions Across the Marine Industry
4.3 Opportunities
4.3.1 Emergence of Smart & Intelligent Technologies and Development of Integrated Solution
4.3.2 Potential in Emerging Economies
4.4 Challenges
4.4.1 Increasing Instances of Maritime Terrorism
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE Analysis
6 Global Maritime Distress & Safety System Market, By Components
6.1 Introduction
6.2 Digital Selective Calling
6.3 Emergency Position Indicating Radio Beacon
6.4 Integrated Satellite Communication Service
6.5 Maritime Safety Information System
6.6 Search & Rescue Locating Equipment
7 Global Maritime Distress & Safety System Market, By Frequency Band
7.1 Introduction
7.2 High Frequencies (3-30 MHz)
7.3 Medium Frequencies (300-3 MHz)
7.4 Very High Frequencies (30- 300 MHz)
8 Global Maritime Distress & Safety System Market, By Security Type
8.1 Introduction
8.2 Port and Critical Infrastructure Security
8.3 Coastal Surveillance
8.4 Vessel Security
8.5 Crew Security
8.6 Cargoes and Containers Safety
8.7 Ship System and Equipment (SSE) Safety
9 Global Maritime Distress & Safety System Market, By System
9.1 Introduction
9.2 Ship Security Reporting System
9.3 Automatic Identification System
9.4 Maritime Distress Safety System
9.5 Longer Range Tracking and Identification System
9.6 Vessel Monitoring and Management System
9.7 Others (Automated Manifest System, Automated Mutual Assistance Vessel Rescue System)
10 Americas’ Maritime Distress & Safety System Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe’s Maritime Distress & Safety System Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa’s Maritime Distress & Safety System Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC’s Maritime Distress & Safety System Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 IGR Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Airbus SE
15.2 BAE Systems, Inc.
15.3 Danphone A/S
15.4 Elbit Systems Ltd.
15.5 Furuno Electric Co., Ltd.
15.6 Honeywell International Inc.
15.7 Hudson Analytix, Inc.
15.8 Inmarsat plc
15.9 Kongsberg Gruppen asA
15.10 L3Harris Technologies
15.11 Leonardo-Finmeccanica
15.12 Northrop Grumman Corp.
15.13 OSI Maritime Safety
15.14 Prescom SAS
15.15 Raytheon Co.
15.16 Thales Group
15.17 Terma Group
15.18 Saab Group
15.19 Westminster Group PLC
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • Airbus SE
  • BAE Systems, Inc.
  • Danphone A/S
  • Elbit Systems Ltd.
  • Furuno Electric Co., Ltd.
  • Honeywell International Inc.
  • Hudson Analytix, Inc.
  • Inmarsat plc
  • Kongsberg Gruppen asA
  • L3Harris Technologies
  • Leonardo-Finmeccanica
  • Northrop Grumman Corp.
  • OSI Maritime Safety
  • Prescom SAS
  • Raytheon Co.
  • Thales Group
  • Terma Group
  • Saab Group
  • Westminster Group PLC