Spain Maritime Safety System Market Overview, 2029

Spain Maritime Safety System Market Overview, 2029

The maritime safety system market in Spain has a set of experiences that traverses more than hundred years, with huge improvements in guidelines, organizations, and innovation. The mid twentieth century denoted the foundation of the principal maritime security guidelines and organizations in Spain. During the 1970s and 1980s, Spain's obligation to maritime safety was additionally cemented when it joined the Worldwide Maritime Association (IMO) in 1973 and laid out the Spanish Sea Safety Office (Dirección General de la Marina Mercante, DGMM) in 1979. The 1990s were characterized by significant technological advancements, with Spain adopting the Global Maritime Distress and Safety System (GMDSS) and the Automatic Identification System (AIS). Following major maritime disasters like the Prestige oil spill in 2002, Spain strengthened its maritime safety regulations in the 2000s and became a founding member of the European Maritime Safety Agency (EMSA) in 2003. In the recent years, there has been a focus on integrating new technologies such as satellite monitoring, drones, and AI in maritime safety systems. Spain has actively participated in EU-funded projects for maritime safety and surveillance, such as the European Border and Coast Guard Agency (Frontex) and the Copernicus Earth observation program. The country has been one of the leading maritime nations amongst the 27 member-states of the European Union (EU). Spain is still a significant European power and is also the 16th member of the North Atlantic Treaty Organization (NATO). Spain played a pivotal role in initiating the EU’s “Maritime Strategy” of 2010. Further, Madrid provides steadfast support to the EU in the realms of security and defence, actively endorsing initiatives such as the “Strategic Compass”, the “Permanent Structured Cooperation” (PESCO), and the “European Defence Fund”, while concurrently engaging within NATO.

According to the research report ""Spain Maritime Safety System Market Overview, 2029,"" published by Bonafide Research, the Spain maritime safety system market is anticipated to grow at more than 8 % CAGR from 2024 to 2029. Spain is one of the six EU countries (along with France, Italy, Slovenia, Croatia and Hungary) that will benefit from the Mediterranean Corridor Development Plan 2020 (now moved to 2030), which is approximately 3,500 kilometres long, and will provide a multimodal transport connection between Western Mediterranean ports and the heart of the EU. According to the Spanish lobby pushing to fulfil this EU project; it will positively affect over 54 per cent of EU citizens as well as 66 per cent of EU’s GDP. This project will reduce prices on goods being transported between EU countries, and will undoubtedly increase tourism in the regions benefiting from it. Spanish companies are developing and helping to investigate other technological and innovative projects that will have a great impact in the industry. This is the case of the projects to improve the operational safety of maritime transport using satellite navigation technology. Another example is the research centre that will be installed in Spain to help develop the hyperloop project. The hyperloop will allow to transport containers that have arrived at the port of Valencia to Madrid in 30 minutes, where today this transport is normally done by rail and takes around five hours. On March 21st, 2023, Spain introduced significant maritime planning navigation regulations with the aim of modernising the navigation regime for ships sailing through Spanish maritime waters. These regulations bring about notable changes to the maritime industry, affecting charter operators, yachts, and crew members. Let's examine the key highlights of these regulations.

Government and Defence stands apart as a main fragment because of its rigid guidelines and significant interests in sea security advances. Government organizations and guard powers focus on strong security frameworks to defend public waters and maritime lines, which frequently includes trend setting innovations and consistent redesigns. This portion leads as far as market size as well as drives development through interest for best-in-class arrangements custom fitted to security and safeguard applications. The Marine and Construction portion addresses a developing area inside the maritime safety system market. This development is pushed by expanding exercises in marine development, seaward establishments, and port advancement projects. Safety systems are basic in these conditions to relieve chances related with development exercises adrift and guarantee consistence with safety principles. As maritime foundation advancement keeps on extending, driven by monetary development and urbanization, the interest for dependable security frameworks in this portion is supposed to consistently rise. The Oil and Gas portion likewise stands firm on a critical situation, portrayed by severe security necessities in seaward oil apparatuses and gas stages. Safety frameworks in this area are crucial for safeguarding faculty, forestalling natural perils, and guaranteeing functional coherence in the midst of testing marine circumstances. Albeit this portion faces vacillations because of the unpredictability of the energy market, continuous interests in security advancements stay fundamental. The Shipping and Transport fragment centers around safety frameworks to upgrade vessel route, crash aversion, and crisis reaction capacities. As worldwide exchange volumes increment, driven by monetary globalization, the interest for proficient and secure sea transport heightens, subsequently supporting the reception of cutting edge safety frameworks.

Solutions are driving the market due to their primary job in giving mechanical stages and frameworks that guarantee sea safety and security. These solutions envelop equipment, programming, and coordinated frameworks intended to screen, manage, and answer security episodes adrift. They are fundamental for administrative consistence, risk moderation, and upgrading functional productivity across the maritime area. The main place of Solutions is driven by nonstop progressions in sensor innovation, satellite correspondence, computerized reasoning, and information examination, which empower ongoing observing and prescient upkeep abilities. Spain, with its broad shoreline and occupied ports, depends intensely on vigorous maritime safety answers for shield its maritime exercises, including transporting, fishing, the travel industry, and seaward energy tasks. The interest for exhaustive arrangements that coordinate safety conventions, crisis reaction components, and natural checking keeps on driving development and interest in this section. The Service section is encountering striking development inside the sea security framework market in Spain. Service incorporate establishment, upkeep, preparing, and support given by arrangement suppliers and outsider specialist organizations. The development in this section is powered by the rising intricacy and specialization of sea security frameworks, requiring master information and specialized capability for sending and continuous tasks. Specialist organizations assume a pivotal part in guaranteeing the unwavering quality, proficiency, and consistence of safety frameworks, subsequently improving the general security and functional status of sea resources.

The Automatic Identification System (AIS) arises as a main part. AIS is broadly embraced in Spain and all around the world for its job in vessel following, impact evasion, and improving situational mindfulness adrift. It works by consistently communicating transport data like character, position, course, and speed, in this way empowering specialists and different vessels to successfully screen and oversee sea traffic. The noticeable quality of AIS in Spain's maritime security scene is driven by administrative orders, worldwide guidelines consistence, and its demonstrated adequacy in diminishing sea episodes. The Long Range Tracking and Identification (LRIT) Framework is encountering critical development inside the Spanish market. LRIT is intended to give worldwide following and ID of boats, especially those participated in global journeys. It guarantees consistence with global maritime security necessities and improves the capacity to screen vessels in remote or high-risk regions. The developing reception of LRIT in Spain reflects expanding worries over maritime security, administrative consistence, and the requirement for exhaustive observing abilities across regional waters and then some. The Ship Security Reporting System (SSRS), Global Maritime Distress Safety System (GMDSS), and Vessel Monitoring and Management System (VMMS) assume basic parts in improving explicit parts of sea safety and functional productivity in Spain. SSRS works with announcing and observing of boat security episodes, lining up with global maritime security conventions. GMDSS guarantees solid correspondence and pain alarming in crisis circumstances, fundamental for guaranteeing quick reaction and salvage activities. VMMS incorporates different sensors and information sources to give complete checking, the board, and advancement of vessel tasks, adding to somewhere safe, effectiveness, and administrative consistence.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Maritime Safety Systems market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Component
• Solution
• Service

By Security Type
• Port & Critical infrastructure Security
• Coastal Security
• Vessel Security
• Crew Security
• Cargoes and containers Safety
• Ship system and equipment (SSE) Safety
• Other Security Types

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

By End User
• Government & Defence
• Marine & Construction
• oil & Gases
• Shipping & Transport
• By Application
• Loss Prevention & Detection
• Security & Safety Management
• Monitoring & Tracking
• Search & Rescue
• Others

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Maritime Safety Systems industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.