Maritime Security Systems Market Size, Share, Growth Report 2032

Maritime Security Systems Market: Industry Perspective

The global maritime security systems market size was worth around USD 22.83 billion in 2023 and is predicted to grow to around USD 42.44 billion by 2032 with a compound annual growth rate (CAGR) of roughly 7.25% between 2024 and 2032.

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The report covers forecasts and analyses for the maritime security systems market on a global and regional level. The study provides historical data from 2018 to 2022 and a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the maritime security systems and their impact on the demand over the forecast period. Additionally, the report consists of the study of opportunities and various trends in the maritime security systems market on a global level.

Maritime Security Systems Market: Dynamics

The rising terrorism and the need for marine security are a few prominent drivers of the maritime security systems market. Moreover, the market demand is predicted to grow owing to the rise in the awareness of maritime security and its advantages related to the same. Further, there are incidents relating to the unethical and illegal acts that are carried out in the transport and shipping enterprise, which is creating a demand for safety solutions in the maritime. Furthermore, the government is taking the initiative and creating regulations to avoid such incidents. However, the fall in the economy and a few ungoverned marine regions are restraining the growth of the market. Nevertheless, technological development is creating an opportunity for the demand of the market.

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Maritime Security Systems Market: Segmentation

The maritime security systems market is segmented based on technology and systems, service, category, and region.

The category segment is bifurcated into coastal surveillance, port and critical infrastructure security, and vessel security. The coastal surveillance segment holds a significant amount of market size. The system helps in protecting the coastlines. It is based on radar and identifies targets at a wide range. Moreover, the radars help in searching for ground as well as air targets.

The technology and system segment anticipates growing at a higher pace owing to the inclination towards technology in various regions. Many conventional systems are being replaced by new technology to obtain accuracy and reliability on the system. Supervisory Control and Data Acquisition (SCADA) is expected to hold a considerable market size owing to the benefits obtained from supervising and operations that can be carried out on other devices. Moreover, the system helps in data acquisition which can be used to detect other sensors and radars.

Maritime Security Systems Market: Report Scope

Maritime Security Systems Market: Regional Analysis

By geography, North America is predicted to hold the largest market size owing to the maritime safety solution vendors in the region. Moreover, North America consists of developed countries like the U.S. and Canada, which carry the maritime and freight activities the maximum. As a result, these countries focus on the safety and security of their ships. Further, the region has been investing a lot in the research and development of maritime security technologies, which can be considered a factor in the growth of the demand of the market in the region.

Asia Pacific is expected to follow the lead of North America, owing to the increasing adoption of maritime transport and the rise in terrorism in the region. Countries like India, Japan, and China face constant threats from the enemy countries and need to enhance their security. Moreover, the Government of India has been making investments in the military and defense industry to be ready for any change coming their way. Japan is witnessing an increase in the sea trade and therefore, to secure its coast and ports, the maritime security market is expected to grow in the region.

Maritime Security Systems Market: Competitive Analysis

The global maritime security systems market is dominated by players like:

• Northrop Grumman Corporation
• BAE Systems PLC
• Saab Group
• Leonardo-Finmeccanica
• Raytheon Anschütz GmbH
• Kongsberg Gruppen ASA
• Elbit Systems Ltd.
• Honeywell International, Inc.
• Harris Corporation
• Signalis SA

The report segments of the global maritime security systems market are as follows:

Global Maritime Security Systems Market: Technology and Systems Segment Analysis

• Access control
• Communication
• Detectors
• Geographic Information System (GIS)
• Surveillance & Tracking
• Supervisory Control And Data Acquisition (SCADA)
• Screening & Scanning
• Weather Monitoring
• Others

Global Maritime Security Systems Market: Service Segment Analysis

• Consulting
• Maintenance and Support
• Risk Assessment and Investigation
• Training
• Others

Global Maritime Security Systems Market: Category Segment Analysis

• Coastal Surveillance
• Port and Critical Infrastructure Security
• Vessel Security

Global Maritime Security Systems Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa