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Maritime Safety System Market Size Outlook: How Fast Will Revenue Grow Through 2030?
The maritime safety system market size has experienced consistent growth in recent years. It is projected to expand from $21.78 billion in 2025 to $22.73 billion in 2026, achieving a compound annual growth rate (CAGR) of 4.4%. The expansion observed historically can be attributed to its early adoption in commercial shipping, a reliance on traditional monitoring systems, initial deployment within oil & gas shipping, the development of vessel tracking technologies, and its integration into cargo management.
The maritime safety system market is projected to experience consistent expansion over the upcoming years. By 2030, this market is anticipated to reach a valuation of $26.37 billion, exhibiting a compound annual growth rate (CAGR) of 3.8%. Several factors contribute to this projected growth, including the wider uptake of AIS and GMDSS, the incorporation of automated incident reporting, the growth of safety systems in coastal and offshore areas, an increasing need for anti-piracy solutions, and the creation of intelligent vessel monitoring technologies. Key developments expected during this period involve the implementation of real-time maritime tracking systems, the integration of sophisticated navigation tools, the shift towards satellite-based monitoring, the introduction of automated security measures, and the broadening application of intelligent maritime safety systems.
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Maritime Safety System Market Development Factors: Which Trends Are Supporting Demand?
The expansion of maritime trade and transportation is anticipated to boost the maritime safety system market. Enhanced consumer welfare contributes to higher production levels. Maritime trade and transportation offer reduced emissions on extensive journeys, helping producers maintain their competitive edge. Sea transport allows for a greater volume of goods per trip, making it more economical and ecologically sound for long-distance shipping compared to other methods. For example, data from July 2023, provided by the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based UN agency, indicates that maritime trade volume is set to increase by 2.4 per cent in 2023. In 2022, containerized trade, when measured in metric tons, saw a decrease of 3.7 per cent. However, UNCTAD forecasts a rise of 1.2 per cent for containerized trade in 2023, followed by an expansion exceeding 3 per cent between 2024 and 2028. Furthermore, oil and gas trade volumes experienced strong yearly growth in 2022, specifically 6 per cent and 4.6 per cent, respectively. Consequently, the uptick in maritime trade and transportation is expected to propel the development of the maritime safety system market.
Maritime Safety System Market Segment Outlook: Which Categories Are Expanding The Fastest?
The maritime safety system market covered in this report is segmented –
1) By System: 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, Other Systems
2) By Application: Loss prevention and detection, Security management, Counter piracy, Coastal monitoring, Safety of ship, Pollution Prevention and Response (PPR) management
3) By End User: Government Institutions, Oil & Gas, Marine & construction, Shipping & Transportation, Cargos & containers, Other End-Users
Subsegments:
1) By Ship Security Reporting System: Real-time Ship Reporting, Incident Reporting
2) By Automatic Identification System (AIS): Class A (AIS), Class B AIS
3) By Global Maritime Distress Safety System (GMDSS): Search and Rescue Equipment, Emergency Position Indicating Radio Beacons (EPIRB), Maritime Safety Information (MSI)
4) By Long Range Tracking and Identification (LRIT) System: Satellite-based Tracking, Coastal Tracking
5) By Vessel Monitoring and Management System: Fleet Management, Navigation Systems
6) By Other Systems: Radar Systems, Surveillance Systems, Communication Systems
Maritime Safety System Market Strategic Trends: What Is Defining The Next Phase Of Growth?
Leading firms in the marine safety system sector are innovating with products like single-person portable subsea ROVs to expand their customer reach, boost sales, and generate greater income. These single-operator subsea ROVs are compact, remote-controlled underwater devices utilized for inspections, maintenance, and various tasks in submerged areas inaccessible to people. For example, SeaDrone Inc., a US company specializing in sub-sea inspection technology, introduced the SeaDrone MINI in June 2023. This product is the newest entry in their lineup of compact, single-operator subsea ROVs. A key characteristic of the SeaDrone MINI is its professional-grade capability, accommodating users across different skill levels. The MINI ROV comes with four 96-Wh batteries and can be transported by air. Furthermore, an optional 400-W hybrid surface power system allows users to extend the robot’s operational time without limits. The base MINI robot includes a wide-angle video camera capable of taking 12-megapixel photos and recording videos in 1080/30p H.264 format. It integrates depth and AHRS sensors, providing automated control over depth, heading, roll, and pitch across all operational settings. Its built-in GPS function facilitates geotagging of images and videos, as well as marking saved locations.
Maritime Safety System Market Key Companies And Competitive Benchmarking
Major companies operating in the maritime safety system market are 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
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Maritime Safety System Market Regional Analysis: Which Region Leads By Revenue?
Asia-Pacific was the largest region in the maritime safety system market in 2025 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the maritime safety system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.