United States (USA) Maritime Safety System Market Overview, 2029

United States (USA) Maritime Safety System Market Overview, 2029

The United States maritime safety system market forms an intrinsic part of the overall maritime industry in the US, comprising technologies and services implemented for safety and security in maritime operations. In the U.S., the marketplace for maritime safety systems is supplemented by an extensive network of ports and waterways crucial to international trade and commerce. Major ports include those of Los Angeles, Long Beach, New York/New Jersey, and Houston. In this area, too, government efforts are important. The U.S. Coast Guard (USCG) performs enforcement and search and rescue, while the Maritime Administration (MARAD) promotes the use and safety of the United States maritime transportation system. The technological implementation is at a high level, with the almost universal adoption of navigation systems such as ECDIS and GPS, and vessel tracking systems like AIS and VTS. On environmental protection, legislation OPA and the CWA are drivers for the use of technology in providing real-time monitoring and responding to environmental incidents. The U.S. maritime safety system market is witnessing interest in and development of autonomous ships involving high-tech, reliable safety systems. The using of big data for predictive analysis and risk management is growing. Growing demand for Eco-Friendly solutions to reduce carbon footprint.

According to the research report ""United States Maritime Safety System Market Overview, 2029,"" published by Bonafide Research, the United States Maritime Safety System market is anticipated to grow at more than 4% CAGR from 2024 to 2029. Improved Robust cybersecurity frameworks are being developed to protect the maritime operation from cyber threats. Such was the tantalizingly upbeat ambience that prevailed towards the end of 2013, most pundits predicted an improving world economy in 2014 and a period of rising expectations in the shipping industry. Though certainly recessionary in nature, the languid global economic growth of 3.3 percent simply failed to shake off the key maritime markets from their long-term morass. Results from the 13th Shore Leave Survey, conducted annually by the Seamen's Church Institute's Center for Seafarers' Rights, confirm long-standing allegations regarding the way mariners are treated upon entering many U.S. ports. So, in the United States, even though the maritime sector recently witnessed many positive developments after the decades of inertia, the aggressive Saudi Arabian stance about fighting to hold the Organization of the Petroleum Exporting Countries' market share did put a temporary throttle on the shale-driven oil optimism. The view of the shipping community around the world has been weighed down by a persistent gloom, with shipping confidence now the lowest since 2012—indeed, even the unexpected steep decline in fuel-oil prices failed to raise the rising tide. A new dawn for the U.S. merchant marine seemed likelier in 2014 than appears to have done a year ago in last year's annual review. Several upticks at dialogues focused on maritime policy formulation and the country's new role as the pivotal swing factor in global petroleum hegemony strengthened the sense of optimism in domestic shipping. Another rising tide lifted all energy sector boats until November 2014, when the Saudi Arabian-led OPEC cartel initiated a classic oligopolistic response, flooding the market with cheap oil to drive out unwelcome competitors.

The U.S. maritime safety system market has suitable solutions and services to ensure that effectiveness in safety and security is maintained in its operations. Solutions represent various kinds of technologies and equipment aimed at preventing accidents and enhancing the safety of vessels. Key solutions include highly technologically advanced systems for surveillance and tracking, such as those of radar systems, AIS, and VTS—necessary for detecting volume and speed risks in maritime traffic. Communication mediums include satellite communications services, VHF radio systems, and the Global Maritime Distress and Safety System to ensure smooth and proper communication between and among ships and from and to the shores. It ensures the navigation by systems such as ECDIS, GPS, and DGPS, which enable the delivery of accurate data about ship positioning and carrying out, in a safe way, all the maritime activities. Safety and rescue equipment is represented by life boats, life rafts, life jackets, and EPIRBs to guarantee the personnel's and passengers' safety in case of an accident. Services can assume an equally significant role since it is the necessary assurance to implement and maintain systems of safety for the maritime sector. Installation services allow for correct setup and integration of hardware and software components with the clear objective of making all systems work as designed. Regular maintenance services are necessary for keeping these routinely updated and effective are inspections, repairs, and updating of any issues that arise on a problem. Provide for training services that educate the crew members and other stakeholders regarding the operation and maintenance of safety systems, covering the use of communication and navigation tools, safety equipment, and emergency procedures.

The key vessel tracking technologies, which have improved maritime safety and security, include AIS, in which on-board transponders of vessels are utilized to broadcast data on a real-time and periodic basis to other vessels, shore stations, or even satellites. It provides valuable data for vessel identification, position, course, and speed in support of better collision avoidance in busy waterways and vessel traffic monitoring by port authorities. The USCG requires AIS onboard most US waters commercial vessels to significantly improve the safety of navigation and to increase the awareness of the maritime domain. Global Maritime Distress and Safety System is an international safety network developed for automatic distress alert and distress alert locating. It makes use of both satellite and surface radiotelegraphy to send out the distress alert to the rescue shores and ships within no time in case of any distress occurrence. It includes other associated technologies, such as Digital Selective Calling for the transmission of distress alerts, NAVTEX for transmitting maritime safety information and weather warnings, Emergency Position Indicating Radio Beacons, Search and Rescue Transponders, and satellite communication systems like Inmarsat. These have been integral in making search and rescue incredibly efficient and effective on the world's oceans. Long-Range Identification and Tracking is an internationally adopted and universally applied satellite-based system for ship tracking worldwide, applied mandatorily to passenger ships, cargo ships of more than 300 gross tons, and mobile offshore drilling units. It provides for the reporting of a vessel's identity and location and the date and time of the position report. This information will thus be at the disposal of flag states, port states, and coastal states for security purposes and as support during search and rescue actions. Although LRIT operates independently of AIS and encompasses much more than the latter, it stands as an important complement to the system of ensuring security and safety as regards maritime activities on a global scale.

The Vessel Monitoring System is basically applied to fisheries management and enforcement. The device can trace the movement of commercial fishing vessels by means of satellite communications, providing hour-by-hour vessel position reports to the fishermen authorities. In addition, VMS can help in the enforcement of closed areas, monitoring the level of fishing activities, and lawful sustainable fishing. Moreover, it should enormously help search and rescue operations in times of emergency. VMS has turned into an extremely important tool that supports efforts toward fighting illegal, unreported, and unregulated fishing by giving a clear picture of movements and activities by fishing vessels. The Ship Security Alert System is a security measure implemented in a Hughes-like fashion under the International Ship and Port Facility Security Code, allowing a security alert to be sent from a vessel to the ship's administration as well as all appropriate coastal authorities in situations where the crew of a vessel is in danger from hijacking or usage for terrorist purposes. Upon activation, SSAS will discreetly send an alert to the company of the ship as well as flag state authorities without generating any visible or audible alarm on the ship itself. It links ships with onshore security forces in seamless ways, placing them in better positions to respond to incidents of maritime security more effectively and quickly.

The four major end-user categorizations through which the US Maritime Time Safety System market can be segmented include Government & Defence, Marine & Construction, Oil & Gases, and Shipping & Transport. A highly responsible sector towards the safety and security of the maritime operation is the government and defence. The structure of this segment includes government agencies in charge of maritime security, naval forces, and defence contractors. The government and defence sectors are likely to invest massively in developed safety systems, such as surveillance and monitoring systems, to be more secure towards threats in the maritime field. Marine & Construction involves companies providing shipbuilding services, repair and maintenance services, and building and engineering works offshore. The need for sophisticated safety systems to ensure safe vessel and platform operations, as well as the protection of workers and equipment while doing offshore works, makes this sector grow with the increasing establishment of wind farms and other renewable energy projects offshore. The oil and gas sector contributes a significant share to the US Maritime Time Safety System market. Companies involved in the offshore exploration, production, and transportation process of oil and gas form this sector. One can only imagine how bad the year would have turned out had it been for the precipitous oil-price drop that began in September 2014 and the accompanying lower fuel expenses. This has helped to more than offset the increase in other operating-cost components, including crew wages, repair and maintenance costs, and insurance expenses. The current global shipping and offshore fleet includes several specialized ships such as liquified natural gas (LNG) carriers, which alone have attracted close in the past few years. Many private-equity firms invested in shipping markets in the post-2008 financial-crisis environment anticipating a windfall. They are now restructuring their commitments and exiting the shipping sector. Shipping & Transport is a sector dealing with the shipment of goods and cargo around Ocean routes. It has advanced safety systems for safe vessel navigation, cargo, and crew protection.

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.