NEW
YORK, May 17, 2024 /PRNewswire/ -- The
global maritime surveillance market size is
estimated to grow by USD 1.48 bn from
2023-2027, according to Technavio. The market is estimated to grow
at a CAGR of 3.65% during the forecast
period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download Free sample
report in minutes
Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Component (Sensors,
Radar, AIS receiver, and Software and others), End-user (Defense,
Customs, Fisheries, Intelligence, and Others), and Geography (North
America, Europe, APAC, Middle East and Africa, and South
America)
|
Region
Covered
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
Airbus SE, BAE Systems
Plc, Elbit Systems Ltd., Furuno Electric Co. Ltd., HENSOLDT AG,
Honeywell International Inc., Kongsberg Gruppen ASA, L3Harris
Technologies Inc., Lockheed Martin Corp., MIND TECHNOLOGY INC.,
Northrop Grumman Systems Corp., Raytheon Technologies Corp., Saab
AB, Safran SA, Sonardyne International Ltd., SRT Marine Systems
Plc, Teledyne Technologies Inc., Terma AS, Thales Group, and The
Boeing Co.
|
Key Market Trends Fueling Growth
The maritime surveillance market is experiencing significant
growth due to increasing maritime threats, such as piracy,
sabotage, and unlawful acts, in critical regions like the South
China Sea and the Indian Ocean. China's naval fleet expansion and aggressive
deployment in these areas have led to concerns regarding maritime
safety and security. Furthermore, ports and coastal surveillance
technologies are essential for monitoring international trade and
ensuring the protection of vital resources. The use of advanced
technologies, including radio communication systems and satellite
communication systems, plays a crucial role in real-time onshore
and underwater surveillance. Maritime transport, trade
restrictions, raw material shortages, and equipment shortages also
impact market growth. Labor shortages and transport capacity
constraints are additional challenges. Digital technologies are
increasingly being adopted to enhance communication, crew changes,
and seafarer employment contracts. Overall, the maritime
surveillance market is driven by the need to ensure safety,
security, and efficiency in global maritime operations.
Market Challenges
- Maritime surveillance markets encompass solutions for effective
information sharing, communications, and incident management in
major ports and waterways. Key technologies include radar, sonar,
and combat management systems for detecting incidents, ensuring
situational awareness, and combating maritime terrorism and piracy.
These systems support safe transit of goods, people, and vessels,
while addressing risks such as navigational errors, adverse sea
conditions, and collisions. Additionally, they aid in the detection
of illegal activities, providing live video streaming and imagery
data for law enforcement processes. Remote workers and traveling
employees benefit from these systems, ensuring safety in the
context of global sea trade and criminal activities. Furthermore,
sensors and multi-purpose vessels (MPV) are utilized for underwater
detection and surveillance of artificial structures and animal
life, enhancing overall maritime safety standards.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This maritime surveillance market report extensively covers
market segmentation by
- Component
- 1.1 Sensors
- 1.2 Radar
- 1.3 AIS receiver
- 1.4 Software and others
- End-user
- 2.1 Defense
- 2.2 Customs
- 2.3 Fisheries
- 2.4 Intelligence
- 2.5 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Sensors- In the maritime industry,
component market segmentation plays a significant role in enhancing
maritime safety and security. Components such as sensors,
communication systems, and surveillance technologies are integral
to ports, coastal surveillance, and maritime transport. These
technologies aid in real-time detection of maritime threats,
including piracy, sabotage, and unlawful acts. Maritime safety is
paramount in international trade, with patrols by coast guards and
sea marshals employing semaphore techniques and technological
proliferation to ensure security. Advanced technologies like radio
communication systems and satellite communication systems
facilitate continuous, real-time analysis of data. Detection
techniques, including underwater surveillance, are crucial in
addressing maritime threats. Maritime transport faces challenges
such as transport capacity constraints, equipment shortages, labor
shortages, and communication issues. Digital technologies are
transforming the industry, with applications in crew changes,
employment contracts, closed borders, airports, ships, planes, and
global trade. Commercial fishing and cruise ships also benefit from
these advancements, ensuring the safety and efficiency of maritime
operations.
For more information on market segmentation with
geographical analysis including forecast (2023-2027) and historic
data (2017 - 2021) - Download a Sample Report
Research Analysis
The Maritime Surveillance Market encompasses advanced
technologies and solutions designed to ensure maritime safety and
security at ports and coastal areas. This market caters to the
needs of various stakeholders, including governments, businesses,
and international organizations. Maritime threats such as piracy,
sabotage, unlawful acts, maritime terrorism, and attacks on vessels
continue to pose significant challenges to international trade and
commerce. To mitigate these risks, maritime surveillance
technologies are being increasingly adopted for data collection and
monitoring. These solutions employ various sensors and platforms,
such as satellite imagery, unmanned aerial vehicles (UAVs), and
automated identification systems (AIS), to detect and respond to
potential threats in real-time. The market is expected to grow
significantly due to the increasing demand for enhanced maritime
security and the rising volume of international trade by sea.
Market Research Overview
The Maritime Surveillance Market encompasses technologies and
solutions designed to monitor and protect coastal areas, ports, and
offshore assets. These systems utilize various sensors and
technologies such as radar, sonar, satellite imagery, and
communication systems to detect and respond to potential threats.
The market is driven by increasing security concerns, growing trade
and maritime traffic, and advancements in technology. The market
also faces challenges such as high implementation costs and the
need for interoperability between different systems. The future of
maritime surveillance lies in the integration of advanced
technologies like AI and machine learning to enhance situational
awareness and improve response times.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Component
-
- Sensors
- Radar
- AIS Receiver
- Software And Others
- End-user
-
- Defense
- Customs
- Fisheries
- Intelligence
- Others
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio