Ship Security Alert System Market: Introduction
Ship Security Alert System
is part of the ISPS (International Ship and Port Facility Security)
code, a safety measure that contributes to the International Maritime
Organization's (IMO)'s efforts for strengthening ship’s security. Ship
Security Alert System (SSAS) allows transmission of a silent security
alert to a flag state authority when the security of the ship is under
threat or has been compromised. The Ship Security Alert System (SSAS)
does not produce any kind of audio or visual signals on the ship instead
perform silent operations and transfers alerts in a serial manner. The
recipient of the signal may differ vastly, as it may be the ship owner,
flag state or Ship Security Alert System Management Company further they
may transfer the signal to National Law-Enforcement Agency. Ship
Security Alert System was introduced in December 2002, when
International Maritime Organization (IMO) issued some changes in SOLAS
Chapter XI-2, Regulation 6. Owing to several benefits such as global
coverage, suitable for asset tracking, web based tracking, up gradation
over older GMDSS version, fully maritime focused among others, the
demand for Ship Security Alert System (SSAS) is estimated to grow with
significant pace. This in turn is anticipated to considerably contribute
to the growing market of global Ship security Alert System during the
forecast period.
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Ship Security Alert System Market: Dynamics
Growing
travel and tourism industry is anticipated to be one of the key factor
driving the growth of ship security alert system market during the
forecast period. Rising number of tourists taking part in marine tourism
has led to higher production and sales of marine vessels and thereby
increasing the sales of ship security alert system market across the
globe.
As
one of the important international trades in the world, seaborne
transportation is estimated to play a pivot role in the world’s rapid
industrialization and advancement, permitting the transportation of very
large volumes of processed and raw materials as well as water, food and
other products. Gradually growing global sea borne trade is estimated
to significantly impact the growth of Ship Security Alert System during
the forecast period.
Ship Security Alert System Market: Segments
The global Ship Security Alert System market has been segmented by product type, marine vessel type,
By type of Product, the global Ship Security Alert System market is segmented into
- Integrated Ship Security Alert System
- Dedicated Ship Security Alert System
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By type of marine vessel, the global Ship Security Alert System market is segmented into
- Passenger Ships and Ferries
- Oil and Chemical Tankers
- Bulk Carriers
- General Cargo
- Offshore Vessels
Ship Security Alert System Market: Regional Outlook
The
shipbuilding industry is experiencing a dramatic wave of change
compelled by the developing outlines and growing volumes of seaborne
trade. Rising demands to support offshore activities, such as in the
examination and production of oil and gas also adds to the altering
landscape of the industry. Technology trends will definitely alter
business model and propel the ship safety and security market to be more
competitive in the global arena. This in turn is estimated to
positively impact the global ship security alert system market in the
coming years. Further, the scope for further economic interdependence is
still strong for many countries and a large potential for an increase
in economic integration within South Asia, Latin America and especially
within Sub-Saharan Africa to reinforce the future outlook for the global
trade. This in turn is anticipated to generate noteworthy opportunities
and subsequently contribute to the growing market of Ship Security
Alert System. Owing to stringent rules and legislations regarding the
ship safety and security in the regions including North America and
Europe, the demand for ship security alert system is anticipated to
witness significant growth through the forecast period.
Ship Security Alert System Market: Key Participants
Examples
of some of the market participants identified across the value chain of
the global Ship Security Alert System market include:
- Stratum Five
- Cobham Plc
- ElektronikLab India Pvt Ltd.
- Furuno Electric Co., Ltd.
- Polaris Electronics A/S
- EMA Group
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