News on U.S. government agencies, U.S. politics, companies doing business with U.S. federal government. Read U.S. national and local news. This site is not affiliated with United States Government.
(USGovernment-News.Com, September 24, 2018 ) The major players in the market are as follows:
Kongsberg Gruppen Signalis Honeywell International Leonardo-Finmeccanica Harris Corporation Saab Elbit Systems Ltd. Raytheon Anschütz GmbH BAE Systems, Inc Northrop Grumman Corporation
The Global Maritime Safety Market was valued at USD 16.95 billion in 2016 and is projected to reach USD 32.36 billion by 2025, growing at a CAGR of 7.45% from 2017 to 2025.
Maritime security is related to the securing of a life or a specific science of property with the aid of am management, technology or regulation of some form of transportation conducted over water. There are several factors that affect the security of maritime such as the conditions of the waterway, the hydrographic services, the availability of data on the specific water levels, weather conditions and more. Maritime safety is extremely crucial in order to prevent damage or harm to any of the ship’s crew or cargo as a result of acts of terror, theft or violence.
With the emergence of smart technology as well as integrated solutions, there is a need for strict compliance with the rules and standards when it comes to activity on the sea. The increase in the maritime awareness is crucial in order to ensure maximum safety of the ship and its inhabitants. These factors are driving the maritime safety market. The factors such as piracy, terrorism and the lack of standards in the technologies are restraints in the market for maritime safety.
About Us: Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:
