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Maritime Safety Market size worth $ 44.02 Billion, Globally, by 2030 at 7.74% CAGR: Verified Market Research®The Maritime Safety Market has witnessed strong growth owing to the growing number of external threats such as smuggling and piracy, regulations in favor of necessitating security standards, and the proliferation of international trade by sea. JERSEY CITY, N.J., June 22, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Maritime Safety Market" By Technology (Surveillance and Tracking, Detectors), By Service (Maintenance and support, Training), By End-User (Military, Government Agencies), and By Geography. According to Verified Market Research, the Maritime Safety Market size was valued at USD 22.98 Billion in 2021 and is projected to reach USD 44.02 Billion by 2030, growing at a CAGR of 7.74% from 2022 to 2030.  Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=2801 Browse in-depth TOC on "Maritime Safety Market" 202 - Pages 126 – Tables 37 – Figures Global Maritime Safety Market Overview The growing need to manage complex supply chain operations, rising awareness regarding maritime safety, growing trade and freight transport activities through the sea, and regulatory compliances and standards are the major factors that are likely to drive the growth of the Maritime Safety Market. Moreover, the emergence of innovative technologies, such as GPS, RFID, AR, robotics, and Blockchain; the development of solutions for reducing maritime terrorism and piracy; and opportunities across untapped regions are estimated to create opportunities for companies operating in the Maritime Safety Market. However, there are some restricting factors including stringent environmental regulations and compliance issues, a lack of uniform standards to implement security solutions in the marine industry, and increasing criminal activities that may hinder the growth of the Maritime Safety Market. The Global Maritime Safety Market is principally driven by the global acceleration of trade and freight transportation activities by sea coupled with regulatory compliances and standards for trade by maritime. The rising threat to maritime safety and the growing awareness regarding the same are the other chief drivers of the Global Maritime Safety Market. Key Developments
The major players in the market are Elbit Systems Ltd., Saab Group, Raytheon Anschütz GmbH, Northrop Grumman Corporation, Honeywell International, Inc., Harris Corporation, BAE Systems PLC, Kongsberg Gruppen ASA, Leonardo-Finmeccanica, Signalis SA. Verified Market Research has segmented the Global Maritime Safety Market On the basis of Technology, Service, End-User, and Geography.
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