This is according to a new research report entitled the "Maritime Safety Market by Technology & Systems (Surveillance & Tracking, Detectors, GIS, Communication, SCADA, Screening & Scanning, Access Control, and Weather Monitoring), Service, Category, and Region - Global Forecast to 2021", from Marketsandmarkets.

Maritime safety solutions safeguard the commercial maritime domain from illegal and unethical acts, and threats. Moreover, increasing incidents of piracy and marine terrorism on vessels, ports, and other critical infrastructure is expected to drive market growth over the forecast period.

Surveillance and tracking to play a significant role

The surveillance and tracking technology segment is expected to have the largest market share and dominate the maritime safety market from 2016 to 2021. End users such as transport and shipping organisations are using advanced surveillance and tracking solutions for better safety and security of the maritime business, which has resulted in growth for this sector.

Detectors play a key role in changing the maritime safety landscape and are projected to grow at the highest CAGR during the forecast period owing to the emergence of advanced motion and intrusion detection technologies along with Chemical, Biological, Radiological, Nuclear, & Explosive (CBRNE) detectors, Hazardous Materials (HAZMAT) detectors, and laser range finders.

Fast growth for risk assessment and investigation services

Maritime security services plays a vital role in risk assessment, investigation, and training the people involved in maritime security and maintenance of security tools. The maritime security service market is driven by factors such as ungoverned marine regions, increasing awareness about maritime security, and the use of advanced and integrated technologies and solutions. The risk assessment and incident investigation service segment is expected to grow with the highest CAGR from 2016 to 2021 in the maritime safety market as it provides an in-depth assessment of existing security arrangements and uncovers the threats and vulnerabilities on board or on shore.

North America with largest market share

North America is expected to have the largest market share and dominate the maritime safety market from 2016 to 2021, due to the presence of a developed commercial maritime industry that contributes remarkably to the national economy. APAC also offers extensive growth avenues in the maritime safety market, mainly due to extensive expansion of regional port capacities and development of maritime security regimes, particularly in countries such as India, China, and Singapore.

The major vendors in the maritime safety market include BAE Systems, Honeywell, Northrop Grumman, Raytheon Anschütz, Saab Group, Elbit Systems, Harris Corp., Kongsberg Gruppen, Leonardo-Finmeccanica and Signalis.