Maritime safety system market to reach $8.1b by 2031

The software segment is expected to register the highest CAGR.

The maritime safety system market is projected to reach $8.12b in 2031 from $6.29b in 2026, representing a compound annual growth rate (CAGR) of 5.2%, according to MarketsandMarkets

The software segment is projected to register the highest CAGR during the forecast period as maritime operators adopt digital navigation, monitoring, and decision-support systems.

Operators are increasingly adopting software-based solutions for electronic navigation, collision prevention, vessel traffic and situational awareness, safety monitoring, emergency decision support, remote monitoring, and digital safety management.

Maritime safety systems are also shifting from standalone equipment towards connected architectures that combine marine electronics, digital navigation, software, sensors, communication networks, remote monitoring, and intelligent decision-support capabilities.

The report cited high installation and integration costs, regulatory and certification requirements, cybersecurity risks, interoperability challenges, complex vessel retrofits, and the need for reliable operation in harsh maritime environments as constraints on market adoption.

By safety application, the vessel and crew safety monitoring segment is expected to register the highest CAGR during the forecast period.

Growth in the segment is supported by the adoption of connected sensors, computer vision, artificial intelligence (AI)-based object detection, anomaly detection, predictive monitoring, and remote supervision, according to the report.

Europe is projected to register the highest CAGR at 7.1% during the forecast period, supported by its maritime industry, port infrastructure, regulatory framework, and marine technology ecosystem.

The market’s investment activity is increasingly focused on AI-driven navigation, autonomous vessels, maritime surveillance, and digital safety platforms.

Revenue is also increasingly shifting towards integrated maritime surveillance, digital navigation, and advanced monitoring solutions.

Aftermarket services, maintenance, software updates, and lifecycle support are becoming increasingly important sources of revenue as maritime operators seek long-term system upgrades and support throughout the operational life of their vessels and safety infrastructure.

MarketsandMarkets said mergers and acquisitions during January to June 2026 appeared targeted rather than broad-based, with transactions focused on vessel monitoring, maritime intelligence, ship safety electronics, and onboard technical systems.