PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1397240
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1397240
The maritime surveillance market is estimated to touch USD 24.7 billion in 2023, which will touch USD 40.3 billion, growing at a 7.4% compound annual growth rate, by 2030.
This growth can be because of the rising count of partnerships & collaborations, the increasing need for managing complex supply chain operations, and the growing count of security problems during seafaring.
Moreover, the industry is also driven by the increasing trade and freight transport activities in the sea and the growing count of maritime threats, piracy, and unlawful acts.
Furthermore, the increasing introduction of maritime surveillance solutions and the accessibility of numerous products offering such surveillance are further boosting industry expansion.
In 2023, the solutions category, based on offering, accounts for a larger share, of 80.9%. This can be because of the external and internal conflicts of nations; people around the globe migrate to other nations illegally by sea, which results in the loss of numerous human lives.
Moreover, various terrorist activities happen such as illegal trafficking of historical artifacts or drugs and illegal fishing through seas and oceans. Thus, to control national security and avoid such threats, the requirement for maritime surveillance solutions is rising.
Furthermore, the surveillance & tracking segment, under the solutions category, is the largest contributor to the industry, in 2023. This can be primarily because different software is being introduced for greater tracking as well as surveillance to avoid threats.
In 2023, the government category, on the basis of end users, is the largest contributor to the maritime surveillance market, with a 48.2% share. This can be primarily due to the rising count of maritime threats and terrorist attacks.
North America is leading the industry in 2023, with approximately 40% share. For improving defense for coastline operations, developed maritime surveillance systems are employed.
For example, Canada has the longest coastline in the world, measuring 243,042 km, which comprises the coasts of offshore islands and the mainland coast, compared to China (14,500 km), the U.S. (19,924 km), Russia (37,653 km), and Indonesia (54,716 km).
APAC will propel at the fastest rate in the years to come. This will be primarily because of the increasing requirement for the recognition of maritime risks, emerging economies being involved in different maritime activities, and the rising acceptance of safety solutions.
Additionally, the increase in the introduction of maritime surveillance plans across the region is further likely to boost the industry expansion.
With the surging necessity to manage complex supply chains and the rising count of security problems during seafaring, the maritime surveillance industry will continue to grow in the coming years.
1.4.1 Value
1.5.1 Market Segmentation by Offering
1.5.2 Market Segmentation by End User
1.5.3 Market Segmentation by Region
2.1.1 Paid
2.1.2 Unpaid
2.1.3 P&S Intelligence Database
2.2.1 Breakdown of Primary Research, by Region
2.2.2 Breakdown of Primary Research, by Designation
2.2.3 Breakdown of Primary Research, by Company Type
4.1.1 By Offering
4.1.2 By End user
4.1.3 Trends
4.1.4 Drivers
4.1.5 Restraints
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Intensity of Rivalry
4.2.4 Threat of New Entrants
4.2.5 Threat of Substitutes
5.1.1 Solutions Market, By Technology
5.1.2 Solutions Market, By Component
5.1.3 Solutions Market, By System
5.1.4 Services Market, By Type
6.1.1 Solutions Market, By Technology
6.1.2 Solutions Market, By Component
6.1.3 Solutions Market, By System
6.1.4 Services Market, By Type
7.1.1 Solutions Market, By Technology
7.1.2 Solutions Market, By Component
7.1.3 Solutions Market, By System
7.1.4 Services Market, By Type
8.1.1 Solutions Market, By Technology
8.1.2 Solutions Market, By Component
8.1.3 Solutions Market, By System
8.1.4 Services Market, By Type
9.1.1 Solutions Market, By Technology
9.1.2 Solutions Market, By Component
9.1.3 Solutions Market, By System
9.1.4 Services Market, By Type
10.1.1 Solutions Market, By Technology
10.1.2 Solutions Market, By Component
10.1.3 Solutions Market, By System
10.1.4 Services Market, By Type
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Developments
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Developments
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.8.1 Business Overview
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.9.3 Key Financial Summary
12.9.4 Strategic Developments
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.10.3 Key Financial Summary
12.10.4 Strategic Developments
12.11.1 Business Overview
12.11.2 Product and Service Offerings
12.11.3 Key Financial Summary
12.12.1 Business Overview
12.12.2 Product and Service Offerings
12.12.3 Key Financial Summary
12.12.4 Strategic Developments
12.13.1 Business Overview
12.13.2 Product and Service Offerings
12.13.3 Key Financial Summary
12.13.4 Strategic Developments
12.14.1 Business Overview
12.14.2 Product and Service Offerings
12.14.3 Key Financial Summary
12.15.1 Business Overview
12.15.2 Product and Service Offerings
12.15.3 Key Financial Summary
12.15.4 Strategic Developments
12.16.1 Business Overview
12.16.2 Product and Service Offerings
12.16.3 Key Financial Summary
12.17.1 Business Overview
12.17.2 Product and Service Offerings
12.17.3 Key Financial Summary
12.17.4 Strategic Developments
12.18.1 Business Overview
12.18.2 Product and Service Offerings
12.18.3 Key Financial Summary
12.18.4 Strategic Developments
12.19.1 Business Overview
12.19.2 Product and Service Offerings
12.20.1 Business Overview
12.20.2 Product and Service Offerings
12.20.3 Key Financial Summary
12.21.1 Business Overview
12.21.2 Product and Service Offerings
12.22.1 Business Overview
12.22.2 Product and Service Offerings
12.23.1 Business Overview
12.23.2 Product and Service Offerings
12.23.3 Strategic Developments