Market Overview:
The global maritime security market is expected to grow from USD 9.02 billion in 2018 to USD 15.06 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global maritime security market can be attributed to the increasing instances of piracy and terrorism across the world, and the need for advanced security systems for seaports and vessels. Based on type, the global maritime security market is segmented into ISR systems, communication systems, biometrics, and others.
Product Definition:
The definition of Maritime Security is the protection of vessels, ports, and other infrastructure from potential threats. The importance of Maritime Security is to protect global trade and prevent terrorist attacks.
ISR systems:
Integrated Security Recorders (ISR) systems are a set of maritime security equipment that assist in recording the events that transpire on board and provide a complete log of activities carried out by the vessel. The information recorded includes technical data, sensor data, navigation data and crew performance statistics. This information is later used for analyzing potential threats to the vessel as well as providing evidence in case of an incident or accident.
Communication systems:
The global communication systems and it's usage in Maritime Security market size was valued at USD 2.83 billion in 2016.
Application Insights:
The security application segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growing number of terrorist attacks across various regions has led to an increased focus on maritime security, which is further anticipated to drive growth over the forecast period. Maritime-based terrorism accounted for around 15% of total global terrorism in 2016, according to a study by Chatham House.
Disaster management application is expected register significant growth during the forecast period owing to increasing disaster risk reduction activities along with rising need for effective communication systems that can support such activities at times of emergencies or natural disasters. In addition, growing need for rapid response and rescue operations as well as aid distribution will drive demand over the next seven years especially in developing countries like India and China where disaster management system are yetto be fully developed.
Regional Analysis:
The Asia Pacific region is estimated to be the fastest-growing market over the forecast period. The growth of this region can be attributed to increasing maritime activities, especially in countries such as China and India. In addition, rising tensions between various nations in the South China Sea have led to an increase in military spending by several countries including Vietnam, Philippines, Malaysia and Indonesia among others. This has resulted into increased demand for security systems across these regions which will further boost industry growth over the next eight years.
Europe was one of the prominent markets for maritime security solutions with a revenue share of around 25% in 2017 owing to growing terrorist threats along its coastline coupled with other geopolitical factors that have led it towards enhanced defense capabilities on land and at sea resulting into high demand for Maritime Security Solutions (MSS).
Growth Factors:
- Increasing maritime trade and traffic: The global maritime trade has been increasing at a steady pace in the past few years. This is mainly due to the growth of emerging economies, such as China and India. In 2016, the global maritime trade was valued at around trillion. This number is expected to grow further in the coming years, thereby driving the demand for maritime security solutions.
- Proliferation of piracy and terrorism: Piracy and terrorism are two major threats to global maritime security. These threats have been on the rise in recent years, posing a serious risk to ships and their crews sailing through high-risk areas. As a result, there is an increasing demand for effective anti-piracy and anti-terrorism solutions among shipping companies worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Maritime Security Market Research Report
By Type
ISR systems, Communication systems, Biometrics
By Application
Security, Disaster management, Communications applications, Search and rescue, Others
By Companies
AgustaWestland, FLIR Systems, Lockheed Martin, Northrop Grumman, Thales Group, AAI, BAE Systems, General Dynamics, Skybox Imaging
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Maritime Security Market Report Segments:
The global Maritime Security market is segmented on the basis of:
Types
ISR systems, Communication systems, Biometrics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Security, Disaster management, Communications applications, Search and rescue, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AgustaWestland
- FLIR Systems
- Lockheed Martin
- Northrop Grumman
- Thales Group
- AAI
- BAE Systems
- General Dynamics
- Skybox Imaging
Highlights of The Maritime Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ISR systems
- Communication systems
- Biometrics
- By Application:
- Security
- Disaster management
- Communications applications
- Search and rescue
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Maritime Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Maritime security is the practice of protecting maritime interests by preventing, detecting, and responding to threats. Maritime security encompasses both physical protection of ships and ports as well as prevention of maritime crimes.
Some of the key players operating in the maritime security market are AgustaWestland, FLIR Systems, Lockheed Martin, Northrop Grumman, Thales Group, AAI, BAE Systems, General Dynamics, Skybox Imaging.
The maritime security market is expected to register a CAGR of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Maritime Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Maritime Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Maritime Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Maritime Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Maritime Security Market Size & Forecast, 2018-2028
4.5.1 Maritime Security Market Size and Y-o-Y Growth
4.5.2 Maritime Security Market Absolute $ Opportunity
Chapter 5 Global Maritime Security Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Maritime Security Market Size Forecast by Type
5.2.1 ISR systems
5.2.2 Communication systems
5.2.3 Biometrics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Maritime Security Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Maritime Security Market Size Forecast by Applications
6.2.1 Security
6.2.2 Disaster management
6.2.3 Communications applications
6.2.4 Search and rescue
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Maritime Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Maritime Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Maritime Security Analysis and Forecast
9.1 Introduction
9.2 North America Maritime Security Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Maritime Security Market Size Forecast by Type
9.6.1 ISR systems
9.6.2 Communication systems
9.6.3 Biometrics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Maritime Security Market Size Forecast by Applications
9.10.1 Security
9.10.2 Disaster management
9.10.3 Communications applications
9.10.4 Search and rescue
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Maritime Security Analysis and Forecast
10.1 Introduction
10.2 Europe Maritime Security Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Maritime Security Market Size Forecast by Type
10.6.1 ISR systems
10.6.2 Communication systems
10.6.3 Biometrics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Maritime Security Market Size Forecast by Applications
10.10.1 Security
10.10.2 Disaster management
10.10.3 Communications applications
10.10.4 Search and rescue
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Maritime Security Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Maritime Security Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Maritime Security Market Size Forecast by Type
11.6.1 ISR systems
11.6.2 Communication systems
11.6.3 Biometrics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Maritime Security Market Size Forecast by Applications
11.10.1 Security
11.10.2 Disaster management
11.10.3 Communications applications
11.10.4 Search and rescue
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Maritime Security Analysis and Forecast
12.1 Introduction
12.2 Latin America Maritime Security Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Maritime Security Market Size Forecast by Type
12.6.1 ISR systems
12.6.2 Communication systems
12.6.3 Biometrics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Maritime Security Market Size Forecast by Applications
12.10.1 Security
12.10.2 Disaster management
12.10.3 Communications applications
12.10.4 Search and rescue
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Maritime Security Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Maritime Security Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Maritime Security Market Size Forecast by Type
13.6.1 ISR systems
13.6.2 Communication systems
13.6.3 Biometrics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Maritime Security Market Size Forecast by Applications
13.10.1 Security
13.10.2 Disaster management
13.10.3 Communications applications
13.10.4 Search and rescue
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Maritime Security Market: Competitive Dashboard
14.2 Global Maritime Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AgustaWestland
14.3.2 FLIR Systems
14.3.3 Lockheed Martin
14.3.4 Northrop Grumman
14.3.5 Thales Group
14.3.6 AAI
14.3.7 BAE Systems
14.3.8 General Dynamics
14.3.9 Skybox Imaging
