Wilmington, Delaware, Sept. 19, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Maritime Situational Awareness Systems Market by System Type (Vessel-based systems, Shore-based system, Airborne systems and Others), Level of Application (Collision Avoidance, Maritime Traffic Management, Search and Rescue Operations, Port Security and Surveillance and Others), End User (Commercial Shipping Companies, Ports and Harbors, Naval Forces and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the maritime situational awareness systems market was valued at $2.6 billion in 2023, and is estimated to reach $4.0 billion by 2033, growing at a CAGR of 4.6% from 2024 to 2033.
Request Sample of the Report on Maritime Situational Awareness Systems Market Forecast 2033: https://www.alliedmarketresearch.com/request-sample/A11966
Prime determinants of growth
The global maritime situational awareness systems market is experiencing growth due to several factors increasing maritime traffic, stringent regulations and mandates imposed by maritime authorities, and technological advancements. However, high implementation costs, and interoperability challenges restrain the development of the market. In addition, growing demand for maritime situational awareness system, and proliferation of data-driven technologies and analytics platforms will provide ample opportunities for the market’s development during the forecast period.
Segment Highlights
The vessel-based systems segment is expected to grow faster throughout the forecast period.
Vessel-based systems is expected to experience the most significant growth. This could be due to advancements in vessel-mounted technologies such as radar, AIS (Automatic Identification System), and sonar, which enhance situational awareness for individual ships. Additionally, the increasing adoption of autonomous vessels and unmanned surface vehicles (USVs) could drive the demand for vessel-based situational awareness systems..
The maritime traffic management segment is expected to grow faster throughout the forecast period.
Maritime traffic management is likely to witness substantial growth. The rise in global maritime trade volume necessitates efficient management of vessel traffic to ensure safety, security, and smooth flow of goods. Situational awareness systems play a crucial role in monitoring and managing vessel movements, optimizing routes, and mitigating collision risks..
The commercial shipping companies segment is expected to grow faster throughout the forecast period.
Commercial shipping companies may experience the highest growth rate. With the expansion of global trade and increasing demand for efficient transportation services, commercial shipping companies are under pressure to enhance their operational efficiency and safety measures. Situational awareness systems aid these companies in optimizing their fleet operations, improving navigation safety, and complying with maritime regulations.
Procure Complete Report (296 Pages PDF with In-depth Insights, Charts, Tables, and Figures):https://www.alliedmarketresearch.com/checkout-final/maritime-situational-awareness-systems-market-A11966
Regional Outlook
The Maritime Situational Awareness Systems market in Europe is a vital segment within the global maritime industry. It encompasses various systems and solutions aimed at enhancing the awareness, safety, and security of maritime activities across European waters. Europe has stringent regulations governing maritime safety, security, and environmental protection. Compliance with these regulations drives the adoption of advanced situational awareness systems among maritime stakeholders. Europe’s geopolitical landscape, including its extensive coastline, strategic waterways, and proximity to regions of geopolitical tension, underscores the importance of robust maritime surveillance and security measures.
Players:
- L3Harris Technologies,
- Raytheon Technologies Corporation,
- Leidos Holdings, Inc.,
- Northrop Grumman Corporation,
- General Dynamics Corporation,
- Lockheed Martin Corporation,
- BAE Systems plc,
- Thales Group,
- SAAB AB,
- Kongsberg Gruppen AS.
The report provides a detailed analysis of these key players in the global Maritime Situational Awareness Systems. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Make an Inquiry for Further Details of Report: https://www.alliedmarketresearch.com/purchase-enquiry/A11966
Recent Development:
- In October 2022, Turkish engineering company Titra selected to receive government subsidies to develop the country’s first Maritime Situational Awareness Systems, named the Alpin. This initiative has been designated as a “regional priority investment” by the Ankara government, indicating that it will receive support in the form of government incentives.
- In November 2023, Rotor Technologies achieved a significant milestone in autonomous aviation by completing an extensive flight campaign with its experimental R220Y autonomous helicopters. Rotor Technologies successfully conducted autonomous flights with its R220Y helicopters, marking the first time a full-scale civilian helicopter has been flown autonomously. This achievement highlights advancements in automation technology within the aviation industry.
- In September 2020, China successfully conducted the maiden flight of its first Maritime Situational Awareness Systems drone designed specifically to operate in plateau areas. This Maritime Situational Awareness Systems, named the AR500C, is equipped with capabilities for conducting reconnaissance and firing from high altitudes. The AR500C Maritime Situational Awareness Systems drone is developed by the Aviation Industry Corp of China (AVIC) . It has been specifically designed to operate effectively in plateau areas, which are characterized by high elevations and challenging environmental conditions.
Explore More Trending Reports
Industrial Vehicle Market Size, Share, Competitive Landscape and Trend Analysis Report, by Drive Type, by Level of Autonomy, by Application : Global Opportunity Analysis and Industry Forecast, 2021-2031
Roadside Assistance Market Size, Share, Competitive Landscape and Trend Analysis Report, by Service, By Provider, By Vehicle : Global Opportunity Analysis and Industry Forecast, 2023-2032
Automotive Chip Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, by Application, by Propulsion Type : Global Opportunity Analysis and Industry Forecast, 2022-2031
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) Offered by Allied Market Research:
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
COMTEX_457911752/2471/2024-09-19T06:39:06