Global maritime security market is projected to reach $ 25.75 billion by 2024, exhibiting a CAGR of around 7% during the forecast period. Growing requirement for the security of ports and related infrastructure in order to carry out international trade through sea routes is the key factor for the growth of maritime security across the globe. Different countries across the world have their own rules and regulations in order to carry out international trade successfully as regulations play a vital role in design and integration of security systems. Furthermore, using smart shipping containers fitted with sensors to track and report data, is providing protection against the crime, thereby positively influencing the growth of maritime security in the global market.
The global maritime security market is segmented based on categories, service offered, technology, end-user, region and company. Based on categories, the market can be segmented into Port & Critical Infrastructure Security, Coastal Surveillance and Vessel Security. Among them, vessel security is anticipated to dominate the market during the forecast period, owing to its greater susceptibility towards risk. In terms of service offered, the market is categorized into Consulting, Maintenance & Support, Risk Assessment & Investigation, Training and Others. Out of these, the risk assessment & investigation services are anticipated to record the highest CAGR during the forecast period on account of increasing illegal seaborn trade.
The major players operating in the maritime security market are SAAB Group, Thales Group, Sonardyne International Ltd., Bae Systems Inc., Raytheon Anschütz GmbH, Northrop Grumman Corporation, Telecommunication Systems, Inc., Honeywell International Inc., Elbit Systems Ltd, Harris Corporation and others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyze and forecast the market size of global maritime security market.
- To classify and forecast global maritime security market based on categories, service offered, technology, end-user, company and regional distribution.
- To identify drivers and challenges for global maritime security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global maritime security market.
- To identify and analyze the profile of leading players operating in global maritime security market.
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Key Target Audience:
- Maritime security service providers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to maritime security
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global maritime security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Categories:
- Port & Critical Infrastructure Security
- Coastal Surveillance
- Vessel Security
- Market, By Service Offered:
- Consulting
- Maintenance & Support
- Risk Assessment & Investigation
- Training
- Others
- Market, By Technology:
- Screening and Scanning
- Communications
- Surveillance & Tracking
- Detectors
- Others
- Market, By End-User:
- Military
- Government Agencies
- Coast Guards
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- South Africa
- UAE
- Saudi Arabia
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global maritime security market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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