Maritime Security Market: Worldwide Overview By Screening, Scanning, Communications, Surveillance, Tracking, Access Control and Detectors With Industry Size, Segments, Key Companies & Regional Trends

March 21 10:45 2020
Maritime Security Market: Worldwide Overview By Screening, Scanning, Communications, Surveillance, Tracking, Access Control and Detectors With Industry Size, Segments, Key Companies & Regional Trends

Maritime Security Market
Global Maritime Security Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

The global maritime security market is expected to exhibit a strong 7.08% CAGR over the forecast period from 2018 to 2024, according to the latest research report from Market Research Future (MRFR). The global maritime security market is mainly driven by the growing threat of piracy and terrorism in international waters in recent years, which has necessitated the installation of advanced security systems and weapons.

Marine trade is one of the most important trade channels even in the 21st century, with marine trade accounting for around 80% of all goods transportation in 2017. However, due to geopolitical concerns in areas such as the Middle East and East Africa, the threat of piracy is increasing at a rapid rate. Piracy affects commercial marine business severely, as highly valuable cargo can be sunk or stolen by pirates. The waters around the Horn of Africa, comprising troubled countries such as Sudan and Somalia, are a particularly dangerous zone for marine vessels due to the high threat of terrorism and piracy. This has driven up the demand from the marine security market in recent years.

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According to the International Maritime Bureau, 180 incidents of piracy and armed robbery against ships took place in 2017, rising to more than 200 in 2018. This has driven the demand for sophisticated security systems for ships. The growing use of marine channels for drugs and arms trafficking is also a major driver for the global marine security market, as combating these transactions is vital for maintaining global peace.

Apart from commercial concerns, the growing use of navies in warfare is likely to drive the demand from the marine security market over the forecast period. The Eastern Pacific and South China Sea are likely to be among the key marine zones to keep an eye on from the military perspective in the coming years, with China’s aggressive expansionist policies creating problems along the entire Eastern seaboard of the Asian continent. This is also likely to be a key driver for the maritime security market over the forecast period.

Competitive Analysis:

Leading players in the Global Maritime Security Market include Westminster International Ltd., Thales Group, TERMA, Sonardyne, Signalis, Saab AB, Raytheon Company, Northrop Grumman Corporation, Lockheed Martin Corporation, Leonardo SpA, Kongsberg Maritime AS, Honeywell International Inc., Harris Corporation, ESC Global Security, Elbit Systems Ltd., and BAE Systems.

In June 2019, Japan announced an addition to the patrol forces around the Senkaku Islands near Okinawa in order to combat the increasing threat from China in the region. China claims control over the Senkaku Islands, with the Japanese government desperate to avoid this scenario at any costs. The enhancement consists of three new 6,000-ton ships each capable of carrying up to two helicopters. The deployment is expected to commence in 2021.

In February 2019, Thales Group signed a contract with the Dutch Defense Materials Organization for the development of an above water warfare system for the Royal Netherlands navy.

Segmentation:

The global maritime security market is segmented on the basis of system, threat and vulnerability, application, and region.

By system, the global maritime security market is segmented into screening and scanning, communications, surveillance and tracking, access control, and detectors.

By vulnerability, the global maritime security market is bifurcated into deep water security and perimeter security. The deep water security segment is likely to remain the largest in the market over the forecast period, exhibiting a robust 6.50% CAGR over the forecast period.

By application, the global maritime security market is segmented into vessel security, port and shipyard, and coastal surveillance.

Regional Analysis:

North America accounted for the largest share in the global maritime security market in 2017, with 39.45%, followed by Europe, at 27.37%. North America is likely to remain the leading regional contender in the global maritime security market over the forecast period due to the growing presence of the U.S. in the global maritime security market and the increasing demand for foolproof, highly developed defense systems for maritime applications. Canada also has a major naval presence and is likely to remain a leading player in the global maritime security market over the forecast period. The North America market for maritime security is expected to exhibit a strong CAGR of 7.01% over the forecast period.

Key Questions Addressed by the Report

  • What was the historic market size (2018)?
  • Which segmentation (System/ Threats and Vulnerabilities/Application) is driving market growth?
  • What will be the growth rate from 2019 to 2024?
  • Who are the key players in this market?
  • What are the strategies adopted by the key players?

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List of Tables

Table 1 Global Maritime Security Market, by System, 2016–2024 (Usd Million) 
Table 2 Screening and Scanning: Global Maritime Security Market, 2016–2024 (Usd Million) 
Table 3 Screening and Scanning: Global Maritime Security Market, by Region, 2016–2024 (Usd Million) 
Table 4 Communications: Global Maritime Security Market, 2016–2024 (Usd Million) 
Table 5 Communications: Global Maritime Security Market, by Region, 2016–2024 (Usd Million) 
Table 6 Surveillance and Tracking: Global Maritime Security Market, 2016–2024 (Usd Million) 
Table 7 Surveillance and Tracking: Global Maritime Security Market, by Region, 2016–2024 (Usd Million) 
Table 8 Access Control: Global Maritime Security Market, 2016–2024 (Usd Million) 
Table 9 Access Control: Global Maritime Security Market, by Region, 2016–2024 (Usd Million) 
Table 10 Detectors: Global Maritime Security Market, 2016–2024 (Usd Million)

Continued……..

List of Figures

Figure 1 Market Synopsis 
Figure 2 Global Maritime Security Market: Market Attractiveness Analysis 
Figure 3 Global Maritime Security Market Analysis, by System 
Figure 4 Global Maritime Security Market Analysis, by Threats and Vulnerabilities 
Figure 5 Global Maritime Security Market Analysis, by Application 
Figure 6 Global Maritime Security Market Analysis, by Region 
Figure 7 Global Maritime Security Market: Market Structure 
Figure 8 Key Buying Criteria for Maritime Security Systems 
Figure 9 Research Process of Mrfr 
Figure 10 North America: Market Size & Market Share, by Country, 2018 Vs 2024

Continued………

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