The Global Maritime Distress & Safety System Market is expected to grow from USD 12861.78 Millions in 2018 to USD 23043.67 Millions by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 8.68%.
Increasing awareness about maritime safety awareness is one of the factors largely attributing to the growth of Global Maritime Distress & Safety System Market
The factors attributing to the growth of the market are Growing maritime trade and sea-based freight transport activities, Enforcement of regulatory standards and compliance, and Increasing awareness about maritime safety awareness. However, some factors such as Loosely governed marine regions and undefined standards of technology may hinder the market growth. The Global Maritime Distress & Safety System Market is expected to showcase the opportunities such as Emergence of smart & intelligent technologies, and development of integrated solution and Potential in emerging economies in APAC. In the near future market may face the possible challenges in the growth due to Increasing instances of maritime terrorism. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the Global Maritime Distress & Safety System Market.
On the basis of Service, the Global Maritime Distress & Safety System Market is studied across Consulting, Maintenance & Support, Risk Assessment & Investigation, and Training.
On the basis of Component, the Global Maritime Distress & Safety System Market is studied across Digital Selective Calling, Emergency Position Indicating Radio Beacon, Integrated Satellite Communication Service, Maritime Safety Information System, and Search & Rescue Locating Equipment.
On the basis of Communication Frequency Band, the Global Maritime Distress & Safety System Market is studied across High Frequencies (3-30 MHz), Medium Frequencies (300-3 MHz), and Very High Frequencies (30- 300 MHz).
On the basis of Application, the Global Maritime Distress & Safety System Market is studied across Coastal Surveillance, Port & Critical Infrastructure Security, and Vessel Security.
Northrop Grumman Corporation the potential growing player for the Global Maritime Distress & Safety System Market
The key players profiled in the Global Maritime Distress & Safety System Market are Northrop Grumman Corporation, Inmarsat plc, lbit Systems Ltd., Kongsberg Gruppen ASA, Saab Group, Furuno Electric Co., Ltd., Honeywell International Inc., Leonardo-Finmeccanica, Telkom SA, Harris Corporation, Danphone A/S, Bae Systems, Inc., PRESCOM SAS, Hudson Analytix, Inc., and Raytheon Company.
In the report, we have covered two proprietary models, the 360iResearch FPNV Positioning Matrix and 360iResearch Competitive Strategic Window. The 360iResearch FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The 360iResearch Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.
Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Maritime Distress & Safety System Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Maritime Distress & Safety System Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Maritime Distress & Safety System Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Maritime Distress & Safety System Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Maritime Distress & Safety System Market
The report answers questions such as:
1. What is the market size of Maritime Distress & Safety System market in the Global?
2. What are the factors that affect the growth in the Global Maritime Distress & Safety System Market over the forecast period?
3. What is the competitive position in the Global Maritime Distress & Safety System Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Maritime Distress & Safety System Market?
5. What are the opportunities in the Global Maritime Distress & Safety System Market?
6. What are the modes of entering the Global Maritime Distress & Safety System Market?
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
2. Research & Forecasting
2.1. Research Methodology
2.1.1. Research Process
2.1.2. Research Framework
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.2. Forecasting Methodology
2.3. Research Outcome
2.3.1. 360iResearch Competitive Strategic Window
18.104.22.168. Leverage Zone
22.214.171.124. Vantage Zone
126.96.36.199. Speculative Zone
188.8.131.52. Bottleneck Zone
2.3.2. 360iResearch FPNV Positioning Matrix
184.108.40.206. 360iResearch Quadrants
220.127.116.11. Business Strategy
18.104.22.168.1. Business Growth
22.214.171.124.2. Industry Coverage
126.96.36.199.3. Financial Viability
188.8.131.52.4. Channel Support
184.108.40.206. Product Satisfaction
220.127.116.11.1. Value for Money
18.104.22.168.2. Ease of Use
22.214.171.124.3. Product Features
126.96.36.199.4. Customer Support
3. Executive Summary
3.1. Outlook in the Maritime Distress & Safety System Market
3.1.1. Need to ensure the safety of the vessel and its crew
3.1.2. Long phase of market Oligopoly
3.1.3. Highly mature market, technology innovation has remained the prime focus
3.2. Attractive Opportunities in the Maritime Distress & Safety System Market
4. Premium Insight
4.1. Market Connectivity
4.2. Market Dynamics
188.8.131.52. Increasing awareness about maritime safety awareness
184.108.40.206. Enforcement of regulatory standards and compliance
220.127.116.11. Growing maritime trade and sea-based freight transport activities
18.104.22.168. Loosely governed marine regions and undefined standards of technology
22.214.171.124. Emergence of smart & intelligent technologies, and development of integrated solution
126.96.36.199. Potential in emerging economies in APAC
188.8.131.52. Increasing instances of maritime terrorism
4.3. Porter's Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Customers
4.3.4. Bargaining Power of Suppliers
4.3.5. Industry Rivalry
4.4. Industry Trends
4.4.1. Value Chain Analysis
4.4.2. Innovation Highlights
5. Global Maritime Distress & Safety System Market: Service Estimates & Trend Analysis
5.3. Maintenance & Support
5.4. Risk Assessment & Investigation
6. Global Maritime Distress & Safety System Market: Component Estimates & Trend Analysis
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: Communication Frequency Band Estimates & Trend Analysis
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: Application Estimates & Trend Analysis
8.2. Coastal Surveillance
8.3. Port & Critical Infrastructure Security
8.4. Vessel Security
9. Global Maritime Distress & Safety System Market: Geographic Estimates & Trend Analysis
9.3. Europe, Middle East & Africa
10. Competitive Landscape
10.1. 360iResearch FPNV Positioning Matrix
10.2. Market Vendor Ranking Analysis
10.3. Competitive News Feed Analysis
10.3.1. Mergers & Acquisitions
10.3.2. New Product Launches
10.3.3. Business Expansions
10.3.4. Partnerships, Agreements & Collaborations
11. Company Usability Profiles
11.1. Bae Systems, Inc.
11.1.2. FPNV Scorecard
11.1.3. SWOT Analysis
11.2. Furuno Electric Co., Ltd.
11.2.2. FPNV Scorecard
11.2.3. SWOT Analysis
11.3. Harris Corporation
11.3.2. FPNV Scorecard
11.3.3. SWOT Analysis
11.4. lbit Systems Ltd.
11.4.2. FPNV Scorecard
11.4.3. SWOT Analysis
11.5. PRESCOM SAS
11.5.2. FPNV Scorecard
11.5.3. SWOT Analysis
11.6. Danphone A/S
11.6.2. FPNV Scorecard
11.6.3. SWOT Analysis
11.7. Honeywell International Inc.
11.7.2. FPNV Scorecard
11.7.3. SWOT Analysis
11.8. Hudson Analytix, Inc.
11.8.2. FPNV Scorecard
11.8.3. SWOT Analysis
11.9. Inmarsat plc
11.9.2. FPNV Scorecard
11.9.3. SWOT Analysis
11.10. Kongsberg Gruppen ASA
11.10.2. FPNV Scorecard
11.10.3. SWOT Analysis
11.11.2. FPNV Scorecard
11.11.3. SWOT Analysis
11.12. Northrop Grumman Corporation
11.12.2. FPNV Scorecard
11.12.3. SWOT Analysis
11.13. Raytheon Company
11.13.2. FPNV Scorecard
11.13.3. SWOT Analysis
11.14. Saab Group
11.14.2. FPNV Scorecard
11.14.3. SWOT Analysis
11.15. Telkom SA
11.15.2. FPNV Scorecard
11.15.3. SWOT Analysis
12.1. Industry Experts
12.2. Discussion Guide
12.3. Intellect: 360iResearch Subscription Portal
12.4. Related Reports
12.5. Author Details