Global Maritime Security Market Report Size, Trends & Growth Opportunity, By Threats and Vulnerabilities (Deep Water Security, Perimeter Security), By System (Screening and Scanning, Communications, Surveillance and Tracking, Access Control and Detectors), By Application (Port and Shipyard, Vessel Security, Coastal Surveillance), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Report ID : IR1001110 | Industries : Energy & Power | Published On :May 2024 | Page Count : 248
Global Maritime Security Market Report Size, Trends & Growth Opportunity, By Threats and Vulnerabilities (Deep Water Security, Perimeter Security), By System (Screening and Scanning, Communications, Surveillance and Tracking, Access Control and Detectors), By Application (Port and Shipyard, Vessel Security, Coastal Surveillance), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Global Maritime Security Market
The Global Maritime Security Market is estimated to be USD 16.82 Bn in 2021 and is projected to reach USD 20.93 Bn by 2027, growing at a CAGR of 3.03%.
A general term for the protection of vessels & infrastructure-related to maritime shipping business from terrorism, sabotage, or treason called as Maritime. The areas from which ships and maritime operations need protection comprises of terrorism, piracy, robbery, illegal trafficking of goods and people, illegal fishing and pollution.
Market Drivers
Maritime security market is driven by increasing investment in research and development (R&D), a increasing emphasis on maritime security, and a gush in international seaborne trade. Moreover, the growing number of threats, increasing awareness regarding the need for maritime security, regulations in favour of necessitating security standards, and proliferation of international trade by sea are also the major driving factors for the growth of the market.
Market Restraints
One of the major restraining factors for the market growth are economic downturns and ungoverned marine regions pose. Furthermore, expanding problems with piracy is also hampering the market growth.
Market Segmentation
Maritime Security Market is segmented into major 4 categories. Based Threats and Vulnerabilities, the market is segmented into Deep Water Security, Perimeter Security. Based on Application, the market is divided into Port and Shipyard, Vessel Security, Coastal Surveillance. Based on System, the market is segmented into Screening and Scanning, Communications, Surveillance and Tracking, Access Control and Detectors. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
On the basis of region Asia-Pacific is likely to dominate the market during the forecast period owing to rise in adoption of sea-crimes and marine transport of goods in the Arabian and Indian Ocean. Additionally, increasing defence budget coupled with growing research and development proficiencies are also inducing the growth of maritime safety market in this region.
North America is anticipated to expand at the fastest rate because of the US government's attempts to defend itself against dangers like illegal trafficking, insurgency, piracy, and cyber-attacks. Also, Canada is a substantial marine nation, which is vital to the expansion of its economy.
Market Key Players
Some of the key players operating in Global Maritime Security Market are BAE Systems., Honeywell International Inc., Northrop Grumman., Raytheon Anschütz, Elbit Systems Ltd., L3Harris Technologies, Inc., KONGSBERG, Leonardo S.p.A., GRUPO EULEN, ABS Group of Companies, Inc.
Industry development
In September 2021, the Coast Guard Administration (CGA) of Taiwan announced a new project for the replacement of 23 aging coastal radar stations in eastern and southern Taiwan and on the outlying Islands. The overhaul of radar systems is anticipated to enhance the monitoring capabilities of Taiwan’s coastal radars. The project is anticipated to begin in 2022 and run through 2024.
In April 2021, Leidos was awarded a prime contract by the US Customs and Border Protection (CBP) to provide multi-energy portal (MEP) systems. The systems will be installed at land and seaports for non-intrusive inspection (NII) of the commercial vehicles.
Global Maritime Security Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Maritime Security Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Maritime Security Market, By System
5.1 Y-o-Y Growth Comparison, By System
5.2 Maritime Security Market Share Analysis, By System
5.3 Maritime Security Market Size and Forecast, By System
5.3.1 Screening and Scanning
5.3.2 Communications
5.3.3 Surveillance and Tracking
5.3.4 Access Control and Detectors
6 Maritime Security Market, By Threats and Vulnerabilities
6.1 Y-o-Y Growth Comparison, By Threats and Vulnerabilities
6.2 Maritime Security Market Share Analysis, By Threats and Vulnerabilities
6.3 Maritime Security Market Size and Forecast, By Threats and Vulnerabilities
6.3.1 Deep Water Security
6.3.2 Perimeter Security
7 Maritime Security Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Maritime Security Market Share Analysis, By Application
7.3 Maritime Security Market Size and Forecast, By Application
7.3.1 Port and Shipyard
7.3.2 Vessel Security
7.3.3 Coastal Surveillance
8 Maritime Security Market, By Region
8.1 Maritime Security Market Share Analysis, By Region
8.2 Maritime Security Market Share Analysis, By Region
8.3 Maritime Security Market Size and Forecast, By Region
9 North America Maritime Security Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Maritime Security Market Share Analysis, By System
9.3 North America Maritime Security Market Size and Forecast, By Threats and Vulnerabilities
9.4 North America Maritime Security Market Size and Forecast, By Application
9.5 North America Maritime Security Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Maritime Security Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Maritime Security Market Share Analysis, By System
10.3 Europe Maritime Security Market Size and Forecast, By Threats and Vulnerabilities
10.4 Europe Maritime Security Market Size and Forecast, By Application
10.5 Europe Maritime Security Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Maritime Security Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Maritime Security Market Share Analysis, By System
11.3 Asia Pacific Maritime Security Market Size and Forecast, By Threats and Vulnerabilities
11.4 Asia Pacific Maritime Security Market Size and Forecast, By Application
11.5 Asia Pacific Maritime Security Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Maritime Security Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Maritime Security Market Share Analysis, By System
12.3 Latin America Maritime Security Market Size and Forecast, By Threats and Vulnerabilities
12.4 Latin America Maritime Security Market Size and Forecast, By Application
12.4 Latin America Maritime Security Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Maritime Security Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Maritime Security Market Share Analysis, By System
13.3 Middle East Maritime Security Market Size and Forecast, By Threats and Vulnerabilities
13.4 Middle East Maritime Security Market Size and Forecast, By Application
13.5 Middle East Maritime Security Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ABS Group of Companies
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 GRUPO EULEN
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Leonardo S.p.A.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 KONGSBERG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 L3Harris Technologies, Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Elbit Systems Ltd.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Raytheon Anschütz
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Northrop Grumman.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Honeywell International Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 BAE Systems
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
