Maritime Security Market Size - By Type, By Technology, By Component & Forecast, 2024

Description

List of Tables

Maritime Security Market size is poised to expand at more than 6% CAGR from 2024 to 2032 propelled by the relentless expansion of global trade. The surging international commerce is heightening the focus on safeguarding maritime routes, ports, and vessels. Multiple governments and maritime stakeholders worldwide are investing significantly in advanced security technologies to counter emerging threats and ensure the uninterrupted flow of goods. For instance, in March 2023, AD Ports Group announced the implementation of a vessel traffic management information system (VTMIS) to improve maritime safety throughout its UAE operations.

Moreover, the rising geopolitical tensions and territorial disputes are emphasizing the need for maritime security, prompting nations to invest in advanced technologies for protection. This steadfast commitment to fortifying maritime security owing to the expanding trade dynamics will augment the industry outlook.

The maritime security industry is segmented into type, technology, component, and region.

Based on technology, the market value from the screening & scanning segment is expected to record substantial growth at over 8% CAGR from 2024 to 2032. Screening and scanning technologies are important for detecting and preventing illicit activities, including the smuggling of contraband goods, drugs, and illegal weapons. The ability to identify and intercept potential threats is contributing to the overall security of maritime operations. Furthermore, several governments and maritime organizations worldwide are investing heavily in cutting-edge screening and scanning technologies to fortify their maritime security frameworks, supporting the segment growth.

In terms of component, the maritime security market from the hardware segment is set to witness more than 5% CAGR during 2024-2032. The increasing complexity of maritime threats is propelling the demand for advanced hardware solutions, including surveillance systems, sensors, radars, and communication equipment. The evolution of various technologies is resulting in the growing adoption of integrated hardware solutions to offer real-time monitoring, data analytics, and rapid response capabilities. Additionally, the surge in hardware investments owing to the strategic shift towards comprehensive and technologically sophisticated maritime security frameworks is likely to foster the segment expansion.

Regionally, the Asia Pacific maritime security industry held a sizable revenue share in 2023 and is estimated to expand at over 7% growth rate between 2024 and 2032. The presence of critical sea routes, including the South China Sea and the Malacca Strait, vital for global trade is contributing to the rising adoption of maritime security solutions to protect key water routes against piracy and guarantee secure sailing. Moreover, the expanding economies and increasing maritime traffic in the region are prompting robust initiatives to fortify coastal surveillance, enhance port security, and deploy advanced technologies, further accelerating the regional industry expansion. For instance, in March 2022, the Quad leaders launched several measures, including a marine security collaboration to enable member nations to monitor illicit fishing, detect dark shipping, and engage in other tactical-level actions.

Product Code: 7629

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Maritime security market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032
2.3 Regional trends
2.4 Type trends
2.5 Technology trends
2.6 Component trends

Chapter 3 Maritime Security Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Rising investments in maritime infrastructure
  - 3.10.1.2 Growing shipping and trade activities
  - 3.10.1.3 Increasing terrorism and illegal activities
  - 3.10.1.4 Increase in offshore oil and gas activities
  - 3.10.1.5 Demand for real-time navigation data
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High implementation costs
  - 3.10.2.2 Data security concerns
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 Thales Group
- 4.3.2 Leonardo S.p.A
- 4.3.3 Saab AB
- 4.3.4 BAE Systems plc
- 4.3.5 OSI Systems, Inc.
- 4.3.6 Westminster Group plc
- 4.3.7 Elbit Systems Ltd.
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Maritime Security Market Estimates & Forecast, By Type 2018-2032, (USD Million)

5.1 Key trends, by type
5.2 Port and critical infrastructure
5.3 Coastal surveillance
5.4 Vessel security
5.5 Others

Chapter 6 Maritime Security Market Estimates & Forecast, By Technology 2018-2032, (USD Million)

6.1 Key trends, by technology
6.2 Screening and scanning
6.3 Communications
- 6.3.1 Satellite communication
- 6.3.2 Wireless communication Networks
6.4 Access control
6.5 Surveillance and monitoring system
- 6.5.1 Radar systems
- 6.5.2 Automatic identification system (AIS)
- 6.5.3 Others
6.6 Navigation

Chapter 7 Maritime Security Market Estimates & Forecast, By Component 2018-2032, (USD Million)

7.1 Key trends, by component
7.2 Hardware
7.3 Software
7.4 Services

Chapter 8 Maritime Security market Estimates & Forecast, By Region 2018-2032, (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 South Africa
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles (Business Overview, Financial Data, Product landscape, strategic outlook, SWOT analysis)

9.1 Airbus SE
9.2 ATLAS ELEKTRONIK GmbH
9.3 BAE Systems plc
9.4 Elbit Systems Ltd.
9.5 HGH Infrared
9.6 Kongsberg Gruppen ASA
9.7 Leonardo S.p.A
9.8 OSI Systems, Inc.
9.9 Rolta India Limited
9.10 RTX Corporation
9.11 SAAB AB
9.12 Smiths Group PLC
9.13 Terma AS
9.14 THALES
9.15 Westminster Group plc